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December 28, 2009

Sharp Establishes Consumer Electronics and Office Equipment Sales Subsidiary in Mexico

Sharp Corporation will establish Sharp Corporation Mexico, S.A. de C.V., a sales subsidiary for consumer electronics and office equipment in Mexico City, United Mexican States. The new sales subsidiary will start operations on January 1, 2010.

In 1995, Sharp Electronics Corporation, Sharp’s U.S. sales subsidiary, established a branch in Mexico to pursue business mainly in LCD TVs and copiers.

With consumer spending showing signs of a recovery, especially in urban areas, the Mexican market is poised to continue growing. By establishing this new sales subsidiary in Mexico to strengthen sales and marketing functions, Sharp will work to enhance brand value and expand business in the country’s market.

Overview of New Sales Subsidiary

Name: Sharp Corporation Mexico, S.A. de C.V. (SCMEX)
Location: Mexico City, United Mexican States
President: Naoyuki Togashi
Capital: 70 million Mexican peso
Start of operations: January 1, 2010
Main business: Sale of consumer electronics and office equipment

The following information is true and accurate at the time of publication. Manufacture, sale, price and specifications of products may be subjected to change.

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