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Fiscal 2014 in review
In fiscal 2014, ended March 31, 2015, the Japanese economy followed a moderate recovery path, as corpo-
rate earnings showed signs of improvement and personal consumption firmed overall. Despite indications of
slowdown in economic growth in China, overseas economies were generally solid, with stable growth in the
United States and ongoing signs of a turnaround in the Eurozone.
Amid these circumstances, the Sharp Group strove to create and strengthen sales of original products and
distinctive devices. Seeking to achieve “recovery and growth,” we also made concerted efforts to restructure
our business in Europe, reduce company-wide costs, and rigorously cut general expenses as outlined in our
Medium-Term Management Plan for Fiscal 2013 through 2015.
However, consolidated net sales for the year totaled ¥2,786.2 billion, down 4.8% from the previous year.
This was due mainly to declines in sales of LCD TVs and our energy solutions business, as well as falling prices
of small- and medium-size LCDs.
The Group posted an operating loss of ¥48.0 billion, compared with operating income of ¥108.5 billion
in fiscal 2013. This was due mainly to provision of a valuation reserve for inventory purchase commitments
on polysilicon materials used in solar panels and a write-down of LCD inventories. The Group also reported
an impairment loss of ¥104.0 billion on a solar cell plant in Sakai and on LCD plants, as well as restructuring
charges in Europe and other regions of ¥21.2 billion and a settlement of ¥14.3 billion on the solar cell busi-
ness in Europe. The result was a net loss of ¥222.3 billion, compared with net income of ¥11.5 billion in the
previous year.
For fiscal 2014, we passed a dividend, due to the net loss and a loss of retained earnings carried forward.
In fiscal 2015, as well, we do not plan to pay dividends in light of our financial status. We sincerely regret
this situation and request the understanding of all shareholders.
Message to our Shareholders
0
1,000
(billions of yen)
4,000
3,000
2,000
1413121110
Operating Income (Loss)/Net Income (Loss)
-600
-400
(billions of yen)
(FY)
(FY)
200
0
-200
10 11 12 13 14
Operating Income (Loss) Net Income (Loss)
Net Sales
4
Message to our Shareholders
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Financial Section
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015