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SHARP ANNUAL REPORT 2006 54
Independent Auditors’ Report
To the Board of Directors of Sharp Corporation:
We have audited the accompanying consolidated balance sheets of Sharp Corporation (a Japanese corporation) and its consolidated
subsidiaries as of March 31, 2005 and 2006, and the related consolidated statements of income, shareholders’ equity and cash flows for
the years then ended, all expressed in Japanese yen. These consolidated financial statements are the responsibility of the Company’s
management. Our responsibility is to independently express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Japan. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assess-
ing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial
position of Sharp Corporation and its consolidated subsidiaries as of March 31, 2005 and 2006, and the consolidated results of their oper-
ations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in Japan.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31, 2006 are pre-
sented solely for convenience. Our audit also included the translation of yen amounts into U.S. dollar amounts and, in our opinion, such
translation has been made on the basis described in Note 1(a) to the consolidated financial statements.
Osaka, Japan
June 22, 2006