Sharp 2010 Annual Report Download - page 4

Financial Highlights
Sharp Corporation and Consolidated Subsidiaries
Years Ended March 31
Forward-Looking Statements
This annual report contains certain statements describing the future plans, strategies and performance of Sharp Corporation and its consolidated subsidiar-
ies (hereinafter “Sharp”). These statements are not based on historical or present fact, but rather assumptions and estimates based on information cur-
rently available. These future plans, strategies and performance are subject to known and unknown risks, uncertainties and other factors. Sharp’s actual
performance, business activities and financial position may differ materially from the assumptions and estimates provided on account of such risks, uncer-
tainties and other factors. Sharp is under no obligation to update these forward-looking statements in light of new information, future events or any other
factors. The risks, uncertainties and other factors that could affect actual results include, but are not limited to:
(1) The economic situation in which Sharp operates
(2) Sudden, rapid fluctuations in demand for Sharp’s products and services, as well as intense price competition
(3) Changes in exchange rates (particularly between the yen and the U.S. dollar, the euro and other currencies)
(4) Sharp’s ability to respond to rapid technical changes and changing consumer preferences with timely and cost-effective introductions of new products and services
(5) Regulations such as trade restrictions in other countries
(6) Litigation and other legal proceedings against Sharp
Yen
(millions)
U.S. Dollars
(thousands)
2006 2007 2008 2009 2010 2010
Net Sales .................... ¥2,797,109 ¥3,127,771 ¥3,417,736 ¥2,847,227 ¥2,755,948 $29,955,957
Domestic sales .............. 1,397,081 1,526,938 1,590,747 1,302,261 1,429,057 15,533,228
Overseas sales .............. 1,400,028 1,600,833 1,826,989 1,544,966 1,326,891 14,422,729
Operating Income (Loss) ........ 163,710 186,531 183,692 (55,481) 51,903 564,163
Income (Loss) Before Income
Taxes and Minority Interests ..... 140,018 158,295 162,240 (204,139) 6,139 66,728
Net Income (Loss) ............. 88,671 101,717 101,922 (125,815) 4,397 47,793
Net Assets ................... 1,098,910 1,192,205 1,241,868 1,048,447 1,065,860 11,585,435
Total Assets .................. 2,560,299 2,968,810 3,073,207 2,688,721 2,836,255 30,828,859
Capital Investment ............. 238,839 314,301 344,262 260,337 215,781 2,345,446
R&D Expenditures ............. 154,362 189,852 196,186 195,525 166,507 1,809,859
Per Share of Common Stock
(yen and U.S. dollars)
Net income (loss) ............ 80.85 93.25 93.17 (114.33) 4.00 0.04
Cash dividends .............. 22.00 26.00 28.00 21.00 1 7. 0 0 0.18
Net assets.................. 1,006.91 1,084.76 1,119.09 944.24 949.19 10.32
Return on Equity (ROE).......... 8.4% 8.9% 8.4% (11.1%) 0.4% –
Number of Shares Outstanding
(thousands of shares) .......... 1,090,901 1,090,678 1,100,525 1,100,480 1,100,414 –
Number of Employees .......... 46,872 48,927 53,708 54,144 53,999 –
(Notes) 1. The translation into U.S. dollar figures is based on ¥92=U.S.$1.00, the approximate exchange rate prevailing on March 31, 2010. All dollar figures here-
inafter refer to U.S. currency.
2. Effective for the year ended March 31, 2007, net assets are presented based on the new accounting standard, “Accounting Standard for Presentation
of Net Assets in the Balance Sheet” (Accounting Standards Board Statement No. 5) and the “Implementation Guidance for the Accounting Standard
for Presentation of Net Assets in the Balance Sheet” (Financial Standards Implementation Guidance No. 8). Prior year figure has not been restated.
3. The amount of leased properties is included in capital investment.
4. The computation of net income (loss) per share is based on the weighted average number of shares of common stock outstanding during each fiscal year.
5. The number of shares outstanding is net of treasury stock.
Financial Highlights
SHARP CORPORATION
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