Sharp 2015 Annual Report Download - page 32

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Consolidated Statements of Operations
Sharp Corporation and Consolidated Subsidiaries for the Years Ended March 31, 2014 and 2015
Yen
(millions)
2014 2015
Net Sales ¥ 2,927,186 ¥ 2,786,256
Cost of Sales 2,396,344 2,397,749
Gross profit 530,842 388,507
Selling, General and Administrative Expenses 422,282 436,572
Operating income (loss) 108,560 (48,065)
Other Income (Expenses):
Interest and dividends income 2,388 2,870
Interest expenses (20,726) (23,182)
Gain on sales of noncurrent assets 3,472 11,119
Gain on sales of investments in securities 6,345 22,946
Reversal of provision for loss on litigation — 19,234
Impairment loss (Note 14) (11,770) (104,015)
Loss on valuation of investments in securities (2,162) (622)
Restructuring charges (Note 15) — (21,239)
Settlement package (67) —
Provision for loss on litigation (1,135) (2,140)
Settlement (Note 16) — (14,382)
Other, net (38,935) (31,358)
(62,590) (140,769)
Income (loss) before income taxes and minority interests 45,970 (188,834)
Income Taxes (Note 4):
Current 38,962 27,179
Deferred (5,980) 4,234
32,982 31,413
Income (loss) before minority interests 12,988 (220,247)
Minority Interests in Income of Consolidated Subsidiaries (1,429) (2,100)
Net income (loss) ¥ 11,559 ¥ (222,347)
Yen
2014 2015
Per Share of Common Stock (Note 9):
Net income (loss) ¥ 8.09 ¥ (131.51)
Diluted net income 7.87 —
Cash dividends 0.00 0.00
The accompanying notes to the consolidated financial statements are an integral part of these statements.
Diluted net loss per share computation for the years ended March 31, 2015 is not presented since residual securities did not
exist.
Consolidated Statements of Comprehensive Income
Sharp Corporation and Consolidated Subsidiaries for the Years Ended March 31, 2014 and 2015
Yen
(millions)
2014 2015
Income (Loss) before Minority Interests ¥ 12,988 ¥ (220,247)
Other Comprehensive Income:
Net unrealized holding gains (losses) on securities 787 3,715
Deferred gains (losses) on hedges (364) 941
Foreign currency translation adjustments 21,178 24,293
Pension liability adjustment of foreign subsidiaries 298 —
Remeasurements of defined benefit plans — 29,776
Share of other comprehensive income of affiliates
accounted for using equity method 409 461
Total other comprehensive income 22,308 59,186
Comprehensive Income 35,296 (161,061)
Comprehensive income attributable to:
Owners of the parent 32,772 (164,776)
Minority interests 2,524 3,715
30
Consolidated Statements of
Operations
Consolidated Statements of
Comprehensive Income
Financial Section
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
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
Consolidated
Subsidiaries
Independent Auditor’s
Report
Notes to the Consolidated
Financial Statements
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary