Sharp 2013 Annual Report Download - page 7

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For Recovery and Growth
Sharp’s business philosophy and business creed embody a spirit that is unchanged since its founda-
tion, such as sincerity, harmony, politeness, creativity, courage, and not seeking merely to expand
on business volume. In the course of broadening the scope of our operations, we lost sight of this
spirit and became overwhelmed by the inefficient corporate culture peculiar to large companies,
characterized by a declining spirit of challenge, loss of customer focus, and arrogance. We believe
that these factors are behind our current business stagnation. As we implement our Medium-Term
Management Plan, we will create a new Sharp with the mindset to change everything other than
our business philosophy and business creed.
Annual Report 2013 5
Targeted goals
Under the Medium-Term Management Plan, our first goal is to achieve a net income surplus in fiscal 2013, the first year of the plan. In
fiscal 2015, the final year of the plan, our targets are net sales of ¥3.0 trillion, operating income of ¥150.0 billion, net income of ¥80.0
billion, and an operating income ratio of 5%.
Targeted Goals
and Five Strategic
Measures
By implementing our five strategic measures,
we will seek to achieve an operating income ratio of
5% in fiscal 2015.
Five strategic measures
Guided by its three basic strategies, Sharp will implement the following five strategic measures to realize “recovery and growth.”
(1) Restructuring our business portfolio
(2) Improving the profitability of our LCD business
(3) Expanding overseas businesses focusing on the ASEAN market
(4) Reducing fixed costs by reforming our cost structure
(5) Improving our financial position
Numerical Targets of the Medium-Term Management Plan (billions of yen)
FY2012 2H Result FY2013 Forecast FY2014 Plan FY2015 Plan
Net Sales
(Year on Year)
1,374.4
(+20.4%)
2,700.0
(+8.9%)
2,820.0
(+4.4%)
3,000.0
(+6.4%)
Operating Income
(Ratio)
22.6
(1.6%)
80.0
(3.0%)
110.0
(3.9%)
150.0
(5.0%)
Net Income
(Ratio)
-157.7
(-11.5%)
5.0
(0.2%)
40.0
(1.4%)
80.0
(2.7%)
Medium-Term Management Plan for Fiscal 2013-2015: For Recovery and Growth