OREANDA-NEWS. Sharp Corporation hereby announces that Sharp has signed a basic agreement to form a partnership with Makita Corporation.

The two companies will seek to expand their business scope by expanding the product line-up of Makita through incorporation of Sharp’s technology, and by mutually utilizing each company’s value chain including product planning, production and sales in the global market.

Sharp aims to enter into new business areas by collaboration with companies from different industries. This collaboration with Makita is an example thereof, and Sharp plans to expand its business by broadening its business areas from homes (house/rooftop) to premises (grounds). In the future, Sharp intends to develop further collaboration including in the robotics business which is one of Sharp’s targeted new business fields. Sharp intends to make prompt disclosure on the impact of this partnership to its business performance as required.