Newly-Formed Sharp NEC Display Solutions Starts Operations

Tokyo (Nov. 2, 2020) — Effective Nov. 1, 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.

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 the B2B display business, producing and developing a broad range of visual display solutions for a variety of markets and applications.

Fujikazu Nakayama, senior executive managing officer and business solutions unit 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 partner relationships, SNDS approaches this new opportunity with plans to continue delivering high-quality, innovative solutions to its customers around the world.

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About Sharp NEC Display Solutions Ltd.
Sharp NEC Display Solutions Ltd. is the leading global provider of professional and commercial visual technology and digital signage solutions, owned jointly by Sharp Corporation and NEC Corporation. Sharp NEC Display Solutions offers one of the broadest visual solutions portfolios in the industry, innovating in LCD displays, lamp and laser projectors, dvLED, 8K and 5G technology, collaboration solutions, calibration tools, IoT and AI-driven analytics. Sharp NEC Display Solutions is a trusted name and a total solutions provider with strong ties to industry partners, and has a reputation for quality, reliability, and industry-leading customer support with a range of professional service offerings. Serving a wide variety of markets, the organization’s expertise spans retail, enterprise, education, entertainment, transportation, energy and utility, and more.