business year: While 68 percent of its products are manufactured in China, only 3.8 percent of them, including personal computers and printers, are produced for the U.S. market, he said. ; The company plans to shift production of its computers, produced by its subsidiary Dynabook Inc., from China to Vietnam and Taiwan, Tai said, after the United States unveiled a plan in mid-May to slap tariffs of up to 25 percent on 300 billion worth of Chinese products, including laptops, according to The Japan Times. As some of Sharp's corporate clients may be affected by the U.S. tariffs, the company expects a 1.2 percent fall in group sales for the current business year through next March, according to the chief executive, who was sent from the Taiwanese parent Hon Hai Precision Industry Co. in 2016 to revive the struggling display manufacturer. Sharp CEO and Chairman Tai Jeng-wu said at a news conference the U.S.-China trade dispute would have only a small impact on its operations. Executive Vice President Yoshihisa Ishida also talked about Sharp's business strategy at the news conference, saying the company is looking for new opportunities to expand business-to-business operations. Such moves are already apparent, so we are trying to expand our business by supplying new products to them, Ishida said. Regardless of the trade war between the world's two largest economies, Chinese companies are expected to expand their businesses elsewhere such as in Japan.
(news.financializer.com). As
reported in the news.
Tagged under business year, shift production topics.