On July 1, 2009, Sharp transferred its LCD panel plant in Sakai City, Osaka Prefecture, to SDP. On December 29, 2009, Sony invested 10 billion yen into SDP in exchange for new shares issued by SDP to Sony (at which time Sony owned 7.04% of the shares in SDP) and, as a result, SDP became a joint venture company of Sharp and Sony on that date. Sony has made no further investment to date.
No material impact from this amendment is anticipated on Sharp's consolidated financial results for the fiscal year ending March 31, 2012 and beyond, Sharp said.
"Any impact as a result of this amendment on Sony's consolidated financial results for the fiscal year ending March 31, 2012 and beyond is currently being assessed," Sony said. There is no material impact on Sony's consolidated financial forecasts for the fiscal year ended March 31, 2011 as a result of this amendment.