Newly Formed Sharp NEC Display Solutions Starts Operations

Effective November 1, 2020, Sharp Corporation (hereinafter “Sharp”) and NEC Corporation (hereinafter “NEC”) completed the previously announced transaction to form a joint venture by Sharp acquiring 66% of shares for NEC Display Solutions Ltd. (hereinafter “NDS”), a subsidiary of NEC.

Sharp / NEC

In connection with the completion of the transaction, NDS has changed its company name to Sharp NEC Display Solutions Ltd. (hereinafter “SNDS”) and has started business operations as a subsidiary of Sharp. The newly formed SNDS will continue its focus on t he BtoB display
business, producing and developing a broad range of visual display solutions for a variety of markets and applications.

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Fujikazu Nakayama, Senior Executive Managing Officer and Business Solutions BU President of Sharp , will serve as Chairman of the new business and Hisatsugu Nakatani, President of NEC Display Solutions, will serve as President of SNDS This new company represents an ongoing commitment to the display solutions business.

Both Sharp and NDS display businesses are two market leading brands in the production and development of visual solutions, and the Sharp NEC joint venture will result in a wide range of synergies. Known worldwide for a commitment to high quality products, focus on customer
support and outstanding par tner relationships, SNDS approaches this new opportunity with plans to continue delivering high quality, innovative solutions to its customers around the world.

Sharp Corporation and NEC Corporation

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