Sharp targets ¥300 billion new business sales by fiscal 2030

Sharp Corp. aims to generate ¥200 billion to ¥300 billion in sales from new businesses by fiscal 2030, with AI infrastructure accounting for over 80% of that revenue, President and CEO Tetsuji Kawamura said. The Japanese electronics maker plans to leverage its brand and parent Hon Hai Precision Industry Co.'s speed to expand into AI servers, satellite communications, and electric vehicles.

Osaka – Japan’s Sharp aims to log sales of ¥200 billion to ¥300 billion from new businesses it is launching in collaboration with its parent company, Taiwan’s Hon Hai Precision Industry Co., its president and CEO, Tetsuji Kawamura, has said. In particular, Sharp sees artificial intelligence infrastructure as a pillar of its growth, Kawamura said in an interview Friday. “AI servers are expected to account for more than 80%” of sales from the new businesses, he said. Sharp also plans to expand its satellite communications equipment business, including compact antennas, according to Kawamura. “Sharp is the only company within the Hon Hai group that has a brand recognized globally,” he said, adding that his company intends to combine its customer reach with Hon Hai’s speed of execution to accelerate new business expansion. On Sharp’s planned entry into the electric vehicle business in fiscal 2027, Kawamura acknowledged sluggish market conditions but said his company intends to differentiate its vehicles as high-value-added products focused on interior design. He said that Sharp is also in talks with possible partners capable of providing vehicle maintenance services.