Sharp suffered a bloodletting earlier this month with its shares diving to 40-year lows in Tokyo after it reported enormous quarterly losses and warned of more red ink to come. The Nikkei said that as part of its turnaround planning, the firm is mulling a spinoff of its Kameyama plant in central Mie prefecture, which makes LCD panels for smartphones and tablet computers, including Apple's iPhone and iPad. It may accept investment from other manufacturers and run the factory jointly, as it does with Taiwan's Hon Hai at its Sakai plant in Osaka prefecture, which makes large LCD panels for televisions. Sharp may also stop assembling TVs in Japan, the paper said, citing an unnamed senior executive.