Sharp Corporation (hereinafter referred to as "Sharp") announces that the Board of Directors of Sharp resolved today to apply for delisting of its common stock on the Nagoya Stock Exchange, the Fukuoka Stock Exchange and the Sapporo Securities Exchange, as follows.
1. Reasons for application for delisting
The trading volume of Sharp's common stock on the Nagoya Stock Exchange, the Fukuoka Stock Exchange and the Sapporo Securities Exchange has been extremely low. Sharp believes that such delisting would not substantially affect Sharp's shareholders and investors.
2. Stock exchanges on which Sharp's common stock will stay listed
The Tokyo Stock Exchange and the Osaka Securities Exchange
3. Date of delisting application (scheduled)
September 27, 2012 (Thursday)
Delisting is expected to be made, in principle, one month after the day Sharp's common stock is transferred to the post for designation as securities to be delisted after Sharp submits documents applying for the delisting to the Nagoya Stock Exchange, the Fukuoka Stock Exchange and the Sapporo Securities Exchange, and each of the documents is accepted.