Sharp 2015 Annual Report Download - page 10

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2. Reduce fixed costs 3. Reorganize and strengthen corporate/governance systems
Under our existing business group structure, we
made little progress in shifting human and other
resources and authority to each group, and did
not adequately entrench our management per-
formance indicators. Accordingly, responsibility-
based management was not functioning properly.
For this reason, we will introduce a new com-
pany system and reorganize our corporate/gover-
nance systems.
In addition, we will build frameworks to help
nurture a vibrant corporate culture, in which in-
dividual employees and individual organizations
can demonstrate a sense of responsibility and au-
tonomy.
Manage-
ment
New management team, stronger corporate governance
Business
Rigorously strengthen business autonomy (introduce company system)
Human
resources
Nurturing vibrant corporate culture
Optimal balance of control and autonomy
With respect to fixed costs, in the first half of
fiscal 2015 we will implement a voluntary retire-
ment program in Japan targeting around 3,500
employees. By fiscal year-end, we hope to reduce
our global workforce by 10%, thus creating a
streamlined personnel system that matches our
business structure.
As an urgent labor cost measure designed to
underpin profit improvements in fiscal 2015, we
cut salaries and bonuses of directors (more than
before) and employees.
In addition, we will promote reforms of our
business structure and bases and sell our head-
quarters building and land.
Through these measures to reduce fixed costs,
we expect to improve profits by ¥28.5 billion in
fiscal 2015.
Reduce personnel through voluntary retirement
program in Japan and downsizing operations overseas
1
Implement urgent labor cost measures
2
Reform business structure and bases
3
Streamline headquarters; sell headquarters
(building and land)
4
Medium-Term Management Plan for Fiscal 2015 through 2017
8
Medium-Term Management Plan
for Fiscal 2015 through 2017
Segment Outline
Financial Section
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015