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Independent Auditors’ Report
To the Board of Directors of Sharp Corporation:
We have audited the accompanying consolidated balance sheets of Sharp Corporation and consolidated subsidiaries
as of March 31, 2011 and 2010, and the related consolidated statements of operations, comprehensive income, changes
in net assets and cash flows for the years then ended expressed in Japanese yen. These consolidated financial state-
ments are the responsibility of the Company’s management. Our responsibility is to independently 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 plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the finan-
cial position of Sharp Corporation and subsidiaries as of March 31, 2011 and 2010, and the results of their operations
and their cash flows for the years then ended, in conformity with accounting principles generally accepted in Japan.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March
31, 2011 are presented solely for convenience. Our audit also included the translation of yen amounts into U.S. dollar
amounts and, in our opinion, such translation has been made on the basis described in Note 1. (a) to the consolidated
financial statements.
Osaka, Japan
June 23, 2011
65
Annual Report 2011
Financial Section