Sharp 2010 Annual Report Download - page 40

Financial Review
Sharp Corporation and Consolidated Subsidiaries
Operations
Consolidated net sales for the year ended March 31, 2010
were ¥2,755,948 million, down 3.2% from the prior year.
Sales by Product Group
(Including Intersegment Sales)
The following sales by product group include internal sales
between segments (Consumer/Information Products and
Electronic Components).
Consumer/Information Products
Audio-Visual and Communication Equipment
Sales in this group were ¥1,332,980 million, down 2.5%
from the prior year. Though sales of Blu-ray Disc recorders
and LCD TVs for the Japanese market were strong, sales
of LCD TVs in overseas markets declined.
Health and Environmental Equipment
Sales in this group were ¥244,137 million, up 7.9%. Sales
increased for Plasmacluster Ion generators and air puri-
fiers featuring Plasmacluster Ion technology.
Information Equipment
Sales in this group were ¥281,091 million, down 10.1%,
due to a decrease in sales of digital MFPs.
Ye n
(millions)
U.S. Dollars
(thousands)
2009 2010 2010
Audio-Visual and
Communication Equipment. . . . . ¥1,367,847 ¥1,332,980 $14,488,913
Health and
Environmental Equipment. . . . . . 226,186 244,137 2,653,663
Information Equipment . . . . . . . . . 312,556 281,091 3,055,337
Consumer/Information Products. . . . 1,906,589 1,858,208 20,197,913
LCDs . . . . . . . . . . . . . . . . . . . . . . . 1,054,559 887,255 9,644,076
Solar Cells . . . . . . . . . . . . . . . . . . . 157,145 208,763 2,269,163
Other Electronic Devices*2. . . . . . 308,458 289,517 3,146,924
Electronic Components . . . . . . . . . . 1,520,162 1,385,535 15,060,163
Elimination . . . . . . . . . . . . . . . . . . . . (579,524) (487,795) (5,302,119)
Total . . . . . . . . . . . . . . . . . . . . . . . . . 2,847,227 2,755,948 29,955,957
*1 Effective for the year ended March 31, 2010, some items previously included in
Information Equipment have been reclassified and are included in Audio-Visual and
Communication Equipment. In this connection, “Sales by Product Group” of 2009
has been restated to conform with the 2010 presentation.
*2 Other Electronic Device group’s sales do not include internal sales to the LCD/Solar Cell groups.
Sales by Product Group*1 (Including Intersegment Sales)
Sales by product group below include internal sales between segments
(Consumer/Information Products and Electronic Components).
Net Sales
(billions of yen)
4,000
0
08 09 100706
3,000
2,000
1,000
Electronic Components
LCDs
Sales in this group were ¥887,255 million, down 15.9%, due
to a decrease in sales of LCD panels for mobile devices.
Solar Cells
Sales in this group were ¥208,763 million, up 32.8%,
reflecting sales growth in Japan, which is supported by
government’s subsidies for the installation of residential
photovoltaic power generation systems and the start of a
scheme to require utility companies to buy back surplus
power generated.
Other Electronic Devices
Sales in this group were ¥289,517 million, down 6.1%,
due to a decrease in sales of devices for digital products.
Financial Results
Cost of sales declined ¥162,887 million over the prior year
to ¥2,229,510 million, and the cost of sales ratio decreased
from 84.0% recorded in the prior year to 80.9%.
Selling, general and administrative (SG&A) expenses
declined ¥35,776 million to ¥474,535 million. The ratio of
SG&A expenses against net sales decreased from 17.9%
Financial Section
SHARP CORPORATION38