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Since the 100-year-old Japanese brand Sharp was caught in a business crisis, the situation of its LCD TVs in the Chinese market has been deteriorating. The rise of China's color TV companies, especially Skyworth, Hisense, and TCL, further exacerbated the decline of Sharp TV in the Chinese market, and the Japanese brand's presence is growing.
Thailand also on September 8, Sharp Japan also issued an official announcement, announcing a settlement with a supplier of air-conditioning components in Thailand. On March 18th this year, a company named “Advanced Permanent Co. Ltd.†in Thailand sued Sharp Thailand’s subsidiary “Sharp Appliances (Thailand) Limited†in the local court of Taipei, requesting the other party to pay for the parts.
According to the settlement agreement reached on July 22 this year, the Sharp Thai subsidiary paid 4.8 million baht to Advanced (about RMB 916,900, the data is for reference only).
However, on June 3, 2016, the first instance of the Chiba District Court in Japan rejected the Japanese consumer’s claim. Therefore, it appealed to the Tokyo High Court and claimed 330.415 million yen (approximately RMB 2,154,200) for Sharp Engineering.
In addition to this, in Japan, Sharp made a settlement with Sanwa Electric Co., Ltd. in February of this year, and Sharp paid a settlement of 6 million yen. Also in February, Sharp reached a settlement with Co., Ltd. SK-Electronics and paid a settlement of 800 million yen.
In April this year, a consumer in Nagoya City, Aichi Prefecture in Japan sued Sharp in a Japanese court, claiming LCD TV repair costs of 255,000 yen. The user maintains that Sharp TV has bad defects.
The reason is that this company and Sharp had concluded a television business contract in Turkey. Last year, Sharp withdrew from the European brand TV business and licensed Sharp's TV business in Europe to the SMIC TV company UMC (Universal Media Corporation/Slovakia/sro).
Therefore, the Turkish company sued Sharp and UMC and demanded to compensate them for the cost of investment expenses and the cost of credit damage. The claim amounted to 1 million Turkish lira (about 2.227 million yuan).
On August 12th of this year, the United States issued Sharp's official announcement. In May of this year, two companies, RB/WH Rocky Mount CI, LLC and National Trust Insurance Company, sued Sharp and General Electric Company of the United States for claiming fire damage fees. 223,020.61 U.S. dollars (about 148.76 million yuan.
The reason is that on January 5th this year, a fire broke out in a hotel in Rocky Mount, Nash County, North Carolina, and the integrated air conditioner for GE branded residential equipment manufactured by Sharp Company was accused of being a fire inducement. Therefore, the above two companies will Sharp and GE went to court.
(Chinese Consumer Prosecution)
In addition, on April 7th this year, the official Sharp announcement stated that the GE-branded integrated air-conditioner for residential equipment manufactured by Sharp was also accused of a fire on November 28, 2013 in Glenwood, Raleigh, North Carolina. It is a fire incentive.
The United States Auto-Owners Insurance Company and Carolina Hotel Investors – Crabtree LLC sued Sharp, claiming a fire damage fee of US$1,278,728.59, negligence and breach of implied warranties for damages of US$25,000.
In February of this year, Sharp and the United States of Illinois reached a settlement on the sale of Sharp's TFT LCD panel in violation of the Illinois Competition Law, and paid settlement fees of US$12 million.
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