Sharp 2007 Annual Report Download - page 14

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12
2010.” We will contribute to the realization of a
sustainable society by pursuing coexistence
between business expansion and environmental
protection. Specifically, we will work to reduce
environmental burden at all production stages,
along with enhancing the business of photovoltaic
power generation systems, a source of clean energy,
and introducing environmentally friendly products.
Strengthen our manufacturing foundation to
support growth
Sharp will strengthen the fundamentals of its
manufacturing activities, which we see as a driving
force for future growth. These include establishing
an efficient value chain which enables delivery with a
shortened lead time at low cost and promoting
global procurement activities. We will also
implement proactive strategies for intellectual
property making effective use of our patent assets
and pursue high reliability and safety of our products
as a means to boost customer satisfaction.
Maximize management resources to improve
corporate competitiveness
In an effort to achieve further corporate
competitiveness, Sharp will promote effective
utilization of its management resources. These include
nurturing our core personnel from a global standpoint
and deploying financial strategies for more aggressive
investment activities. We will also promote the
proliferation of IT to support the entire value chain.
TOWARD HIGHER SHAREHOLDER VALUE
Sharp considers distributing profits to shareholders
to be one of management’s top priorities. While
maintaining consistently stable dividend pay-outs,
and while carefully considering our consolidated
business performance, financial situation and
future business development in a comprehensive
manner, we will implement a set of measures to
return profits to our shareholders, such as
increasing the amount of periodic dividends. Based
on this policy, for fiscal 2006 we distributed a total
annual dividend of ¥26 per share, an increase of ¥4
over the previous year. Our dividends have now
been raised for seven consecutive years. We plan to
increase the total annual dividend a further ¥2 to
¥28 in fiscal 2007. Going forward, we will continue
striving proactively to return profits to
shareholders, aiming for a dividend pay-out ratio of
30% on a consolidated basis.
Sharp established a Chairman position on April 1,
2007, thereby starting a new Chairman/President
structure. We seek to further increase profitability
and corporate value through this new management
structure. We ask all shareholders for their
continued support.
July 2007
Katsuhiko Machida, Chairman & CEO
Mikio Katayama, President & COO