Foxconn Electronics is undertaking its due diligence at Sharp's factories for a planned bailout for Sharp and both sides may sign the deal this week, according to Japan-based Nikkan Kogyo.

However, other media outlets are reporting that Foxconn is looking for additional support from Sharp's creditors.

The Nikkei Asian Review is reporting that Foxconn is in discussions with Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ to receive more support in the deal, by perhaps accepting a lower price for the shares the banks hold in Sharp or through lowering interest rates on outstanding loans to Sharp.

Sharp's share price fell 1.94% to 152.0JPY in trading on March 15.