Sharp 2015 Annual Report Download - page 58

Independent Auditor’s Report
To the Board of Directors of Sharp Corporation:
We have audited the accompanying consolidated financial statements of Sharp Corporation and its
consolidated subsidiaries, which comprise the consolidated balance sheets as at March 31, 2015, and
2014, and the consolidated statements of operations, statements of comprehensive income, statements
of changes in net assets and statements of cash flows for the years then ended, and a summary of sig-
nificant accounting policies and other explanatory information.
Management’s Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial
statements in accordance with accounting principles generally accepted in Japan, and for such internal
control as management determines is necessary to enable the preparation of consolidated financial
statements that are free from material misstatements, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to 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 comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statements. The procedures selected depend on our judgement, including the
assessment of the risks of material misstatement of the consolidated financial statements, whether due
to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s
preparation and fair presentation of the consolidated financial statements in order to design audit pro-
cedures that are appropriate in the circumstances, while the objective of the financial statement audit
is not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An
audit also includes evaluating the appropriateness of accounting policies used and the reasonableness
of accounting estimates made by management, as well as evaluating the overall presentation of the
consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Opinion
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial
position of Sharp Corporation and its consolidated subsidiaries as at March 31, 2015, and 2014, and
their financial performance and cash flows for the years then ended in accordance with accounting
principles generally accepted in Japan.
Emphasis of Matter
Without qualifying our opinion, we draw attention to Note 18 “Significant Subsequent Events” to the
consolidated financial statements as follows:
(1) The Company passed a resolution at its Board of Directors meeting held on May 14, 2015 to issue
class shares by a third party. The resolution was approved by the ordinary general meeting of share-
holders held on June 23, 2015. The payments of class shares are subject to the reconciliation among
financial institutions with which the allotted banks are reasonably satisfied, etc.
(2) The Company passed a resolution at its Board of Directors meeting held on May 14, 2015 to offer the
voluntary retirement program and it was accepted by the labor union on June 17, 2015.
June 24, 2015
Osaka, Japan
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Financial Section
Independent Auditor’s
Report
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Notes to the Consolidated
Financial Statements
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary