Sharp may reportedly sell off copier, A/C units
LOS ANGELES (MarketWatch) -- Under the gun to raise funds ahead of bond maturations next year, Japan's Sharp Corp. is considering selling off its copier and air-conditioner lines, the Nikkei business daily said in an unsourced report Friday. Possible buyers include Kyocera Corp. , Daiwa House Industry Co. and Daikin Industries Ltd. , with Sharp set to discuss the potential sales with its two main creditors, the report said. Sharp is facing financial difficulties as it likely to post a large net loss for the fiscal year ending next March and has about 200 billion yen ($2.5 billion) worth of convertible bonds due to mature in fall 2013, the report said. As a result, the company is focusing on core businesses such as flat panels, mobile phones and home appliances, according to the Nikkei.