Sharp finalizes camera module business transfer details

Sharp Corporation (TSE:6753) disclosed the final transfer prices related to its camera module business exit. The transfer involves the equity interests of SAIGON STEC CO., LTD (SSTEC) held by Sharp Sensing Technology Corporation (SSTC) to Fullertain Information Technologies Ltd., a subsidiary of Hon Hai Precision Industry Co., Ltd. and fixed assets owned by Sharp or SSTC to SSTEC. Sharp will transfer 51% of SSTEC shares for USD3,672,000. Additionally, property, plant and equipment will be transferred for JPY1,948 million. The equity transfer closed June 30, 2025, while the asset transfer is planned for September 30, 2025. Sharp expects to record extraordinary income of JPY478 million from the equity transfer and JPY1,948 million from the asset transfer in its fiscal year ending March 2026. The company confirms the transaction has been thoroughly vetted by independent directors to ensure fairness to minority shareholders.