Japan's Sharp mulls main businesses sale: Report
TOKYO (AFP) - Japan's embattled Sharp Corp is considering selling off part of its main operations as it looks to plug a gaping hole in its balance sheet, a report said on Friday.
The consumer electronics giant, bracing for a huge net loss this fiscal year, is set to pull out of copiers and air conditioners, to focus on its more competitive liquid crystal display (LCD) division, the Nikkei business daily said, without citing sources.
Sharp rejected the report.
"The company is studying a variety of measures, but there are no facts to support the Nikkei newspaper's report about a possible sale of the company's main operations," a Sharp spokesman said.