June 17, 2013 - The Avanti Group the equities research house based in Tokyo, providing professional trading and investment research solutions to institutional and private investors across the globe have recently drawn their investor's attention to recent announcements made by Takashi Okuda president of Sharp Corp.
"Sharp Corporation is a well-established company manufacturing electric telecommunication, electric and electronic equipment split into two business segments of equipment and component. We see the recent announcement to expand manufacturing outside Japan as positive growth, as Abenomics path has resulted in a number of manufacturers looking to resettle outside Japan due to the Yen's strength, imports costing more and less goods being exported, the move for Sharp will increase its sales with an estimated growth to sales by 2017 of 300 billion Yen," said Richard Armitage Director of Private Equity at The Company.
Sharp Corp Japan's No. 3 televisions maker, are among the growing company list evaluating new operations abroad as means to increase their foothold throughout Asia. Sharp Corp's operational director for Asia- Pacific commented to a source close to The Company to say, products such as air-conditioners, washing machines as well as refrigerators are expected to see high growth down the road in six main ASEAN markets.
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