Sharp (Sharp Corporation; シャープ Co., Ltd.) is a large Japanese electrical and electronic company. It was founded in 1912 and is headquartered in Osaka. Its predecessor is Hayakawa Electric Industry started with a mechanical pencil. In 2012, Sharp ranked 354th in the Fortune Global 500. At the same time, since 2012, Sharp's stock price has continued to decline, and on September 27 of the same year, Sharp filed an application for delisting, and the company was on the verge of bankruptcy. However, due to the cooperation with international giants and the depreciation of the yen, it is expected that in the 2013 fiscal year (April 2013 to March 2014), Sharp is expected to turn losses into profits.