Sharp to tie up with other companies to strengthen battery business

Japan Economic Newswire |

Sharp Corp. President Kozo Takahashi said Tuesday that the struggling electronics maker plans to tie up with battery makers or housing-related companies in the field.

In an interview with media organizations including Kyodo News, Takahashi said Sharp plans to develop new energy-saving systems that employ its solar panels through the tie-up.

Sales of Sharp's solar panels have been in the doldrums since the government purchase price for solar power was cut in April.

Takahashi said Sharp needs to bring in fresh human resources and knowledge that the company does not possess.

He also said Sharp will start selling new housing equipment that the company and its business partner Lixil Group Corp. are jointly developing, but did not reveal the details of the new products.

In September 2013, Sharp and Lixil Group, a major housing equipment maker, concluded a capital and business tie-up agreement.

Sharp, a major electronics maker based in Japan's second biggest business center of Osaka, returned to the black in the 2013 business year ended March, posting a group net profit of 11.56 billion yen.

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