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Message to Our Shareholders
05 Sharp Annual Report 2008
Looking back at the business environment of fiscal 2007 (ended March 31, 2008), the
year was marked with stirrings of significant change in the structure of the global
economy. Uncertainty increased in the economies of industrialized nations, particularly
the United States, due to turmoil in international financial and capital markets, triggered
by the subprime mortgage loan problem, and to soaring prices for resources, such as
crude oil. Meanwhile, the economies of emerging countries, especially the BRICs, were
spurred on by solid growth.
As the business environment heads toward a major turning point, we announced our
“21st century manufacturing complex” concept under a new management structure
initiated in April 2007. This involves concentrating our cutting-edge LCD panel and
solar cell plants, incorporating relevant infrastructure and facilities, and attracting
relevant material and other manufacturers to set up their plants on the same site.
Construction of the complex is already underway. Additionally, we actively advanced
business measures aimed at driving future growth, such as the creation of a global
production system for LCD TVs, the deployment of a brand strategy in core markets
around the world, and the promotion of partnerships and collaboration with prominent
companies in growth fields. In order to realize stable growth into the future as a true
valued one-of-a-kind company, we formulated “Visions for 2012” for our 2012
centennial anniversary, a significant milestone for Sharp. (For further details, please
refer to the Special Feature on pages 12~20.)
Sharp has positioned fiscal 2008 as a critical year in initiating a new growth strategy
aimed at realizing “Visions for 2012.” We will continue working to further increase
profitability and enhance corporate value by boldly tackling diverse management
challenges. We ask all shareholders for their continued support.
July 2008
Katsuhiko Machida, Chairman & CEO
Mikio Katayama, President & COO