Sharp 2012 Annual Report Download - page 14

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12 SHARP CORPORATION
経営体質の改善
研究開発
モジュール の
生 産・販 売
パネルの生産
シャープ シャープ
2011年度 今後
堺 ディスプレイ
プ ロ ダ クト
シャープ

シャープ


大型液晶事業の切り離しによる経営の安定化 合計4,000億円規模の財務体質改善


テーマ 影響項目 金額
 
   



  
     
  
Improve Business Foundations
R&D
Production and
sales of
LCD modules
Production of
LCD panels
Sharp Sharp
Fiscal 2011 Future
Sakai
Display
Products
Sharp
(Large-size LCD
Business Group)
Sharp
(SDP, Large-size
LCD Business Group)
Stabilize Operations by Splitting off Large-size LCD Business Improve Financial Position by a Total of ¥400 billion
Off-balance-sheet
arrangements of
large-size LCD business
Decrease in assets
and liabilities
Theme Affected items Amount
¥110.0 billion
Issue new shares through
third-party allotment Increase in equity ¥66.9 billion
Optimize inventories and
reduce noncurrent assets
Decrease in
inventories and
noncurrent assets ¥150.0 billion
Reduce capital investment Improve cash flows ¥70.0 billion
Interview with the President
For a start, we will split off the large-size LCD busi-
ness, which has become unprofitable, from Sharp.
This business will be moved to Sakai Display Products
Corporation, which is jointly operated by the Hon Hai
Group and Sharp.
The major part of our ¥376.0 billion net loss in fiscal
2011 stemmed from the large-size LCD business. By
splitting off this business, we will stabilize our operations.
Through a new framework under joint collaboration
with the Hon Hai Group, we will work to cut costs and
increase the competitiveness of the large-size LCD busi-
ness. However, the R&D function will remain with Sharp,
including the development of production technology
and elemental technology. We will continue developing
next-generation large-screen displays, notably for 4K TV,
offering four times the pixels of full-HD TV.
Please describe the efforts you are making to improve your business foundations.
We will split off the large-size LCD business, which has become unprofitable, from
Sharp. At the same time, we will work on measures such as cutting inventories and
paring down noncurrent assets.
Q
A
With respect to our financial position, we will work
to achieve an improvement of a total of ¥400 billion.
We will make off-balance-sheet arrangements for our
large-size LCD business and enhance equity capital by
issuing new shares through a third-party allotment to
the Hon Hai Group. We will also cut inventories and
reduce noncurrent assets. In addition, we will improve
cash flows by lowering capital investment. By steadily
pursuing the aforementioned initiatives, we will work
to improve our business foundations.