Presentation Material (PDF:175KB)

Consolidated Financial Results for
the
th S
Second
dQ
Quarter
t Fi
Fiscall 2013
Ⅰ. Financial Results for the 1H Fiscal 2013
Ⅱ. Information by Product Group
Ⅲ. Financial Results Forecast for Fiscal 2013
Supplementary Data
-Sales of Main Products, etc.-
SHARP CORPORATION
October 31, 2013
Forward-Looking Statements
This presentation material contains certain statements describing the future plans, strategies and
performance of Sharp Corporation and its consolidated subsidiaries (hereinafter “Sharp”). These
statements are not based on historical or present fact, but rather assumptions and estimates based
on information currently available. These future plans, strategies and performances are subject to
known and unknown risks, uncertainties and other factors. Sharp’s actual performance, business
activities and financial position may differ materially from the assumptions and estimates provided
on account of the risks, uncertainties and other factors. Sharp is under no obligation to update
these forward-looking statements in light of new information, future events or any other factors.
The risks, uncertainties and other factors that could affect actual results include, but are not limited
to:
(1) The economic situation in which Sharp operates
(2) Sudden, rapid fluctuations in demand for Sharp’s products and services, as well as intense
price competition
(3) Changes in exchange rates (particularly between the yen and the U.S. dollar, the euro and other
currencies)
(4) Regulations
R l i
suchh as trade
d restrictions
i i
in
i other
h countries
i
(5) The progress of collaborations and alliances with other companies
(6) Litigation and other legal proceedings against Sharp
(7) Rapid technological changes in products and services, etc.
*Amounts less than 100 million yen shown in this presentation material have been rounded down.
Copyright © 2013 SHARP CORPORATION, All Rights Reserved.
Ⅰ. Financial Results for the 1H Fiscal 2013
1
Financial Results for the 1H Fiscal 2013
・Net sales, operating income and net loss improved significantly compared with 1H FY2012,
exceeding previous forecast.
(Billions of Yen)
FY2012
1H
FY2013
Initial
forecast
(5/14)
Previous
forecast
1H
Change
(Y on Y)
(9/18)
Difference Difference
from
from
initial
previous
forecast
forecast
Net Sales
1,104.1
1,270.0
1,310.0
1,342.0
+21.5%
+72.0
+32.0
Operating
Income
-168.8
15.0
30.0
33.8
-
+18.8
+3.8
(vs. sales)
(-15.3%)
(1.2%)
(2.3%)
(2.5%)
Net Income
-387.5
-20.0
-10.0
-4.3
-
+15.6
+5.6
(vs. sales)
(-35.1%)
(-1.6%)
(-0.8%)
(-0.3%)
2
Financial Results by Quarter
・The operating margin on sales improved from 0.5% in 1Q to 4.2% in 2Q.
・In 2Q, operating income and net income were both in the black.
(Billions of Yen)
FY2013
1Q
2Q
Change
Net Sales
607.9
Operating
Income
3.0
( sales)
(vs.
l )
Net Income
-17.9
(vs. sales)
(-3.0%)
734.1
+32.6%
-
((4.2%))
13.6
-
Change
+13.7%
30.8
-
((0.5%))
1H
Change
-
(1.9%)
1,342.0
+21.5%
33.8
((2.5%))
-4.3
(-0.3%)
-
-
3
Transitions in Net Sales/Operating Income/Net Income by Quarter
・Quarterly net sales have been improved to the 600 to 700 billion yen level.
・Operating income and net income have continued to recover since the lows of 1Q and 2Q FY2012.
・Operating income has stayed in the black for 4 consecutive quarters.
Net Sales
800
700
Operating Income
(Billions of Yen)
Net Income
(Billions of Yen, %)
40
10.0
50
20
5.0
0
0
0.0
-50
(Billions of Yen)
600
500
-20
-5.0
-100
-40
-10.0
-150
-60
-15.0
-200
-20.0
-250
-25.0
-300
400
300
200
100
0
-80
Operating
Income
Operating
Margin
-100
4
Sales by Product Group
・ In 1H FY2013, all product groups except Digital Information Equipment showed growth compared with 1H FY2012.
・ In particular, Solar Cells, Business Solutions, LCDs and Electronic Devices showed a significant improvement in results.
(Billions of Yen)
FY2012
FY2013
1H
1Q
Difference
(Q on Q)
2Q
Change
(Y on Y)
1H
Difference
(Y on Y)
Digital Information
Equipment
338.5
158.9
175.6
+16.6
334.6
-1.2%
-3.9
Health and Environmental
Equipment
154.9
82.3
77.5
-4.7
159.8
+3.2%
+4.8
93.0
84.3
83.9
-0.4
168.2
+80.8%
+75.1
138.9
77.6
80.7
+3.1
158.4
+14.0%
+19.4
725.6
403.3
417.9
+14.5
821.2
+13.2%
+95.5
LCDs
368 0
368.0
193 8
193.8
284 7
284.7
+90 9
+90.9
478 5
478.5
+30 0%
+30.0%
+110 5
+110.5
Electronic Devices
126.4
61.2
86.5
+25.3
147.8
+17.0%
+21.4
494.4
255.0
371.3
+116.2
626.4
+26.7%
+131.9
Sub Total
1,220.1
658.3
789.2
+130.8
1,447.6
+18.6%
+227.5
Adjustments
-115.9
-50.4
-55.1
-4.6
-105.6
-
+10.3
1,104.1
607.9
734.1
+126.1
1,342.0
+21.5%
+237.8
Solar Cells
Business Solutions
Product Business
Device Business
Total
*Sales of each product group include internal sales between segments (Product Business / Device Business)
5
Operating Income by Product Group
・In 1H FY2013, all product groups were in the black.
(Billions of Yen)
FY2012
1H
FY2013
Digital Information
Equipment
-21.1 (-6.3%)
Health and Environmental
Equipment
17.3 (11.2%)
6.4
Solar Cells
-12.3 (-13.2%)
Business Solutions
Product Business
2Q
1Q
1H
Difference
(Y on Y)
2.2 (1.3%)
+3.5
0.8 (0.3%)
+22.0
(7.8%)
3.2 (4.2%)
-3.1
9.6 (6.0%)
-7.6
6.8
(8.1%)
3.0 (3.7%)
-3.7
9.8 (5.9%)
+22.2
(5.0%)
7.5
(9.8%)
8.3 (10.3%)
+0.7
15.9 (10.1%)
+8.9
-9.1 (-1.3%)
19.4
(4.8%)
16.8 (4.0%)
-2.6
36.3 (4.4%)
+45.5
-9.5 (-4.9%)
6.9
LCDs
-115.5 (-31.4%)
Electronic Devices
-23.7 (-18.8%)
-1.3 (-0.9%)
Difference
(Q on Q)
0.1
18.1 (6.4%)
+27.6
8.6 (1.8%)
+124.2
(0.2%)
5.1 (5.9%)
+5.0
5.2 (3.5%)
+29.0
Device Business
-139.3 (-28.2%)
-9.3 (-3.7%)
23.3 (6.3%)
+32.7
13.9 (2.2%)
+153.2
Sub Total
-148.5 (-12.2%)
10.0
40.1 (5.1%)
+30.0
50.2 (3.5%)
+198.7
Adjustments
Total
-20.3
-168.8 (-15.3%)
(1.5%)
-7.0
3.0
-9.3
(0.5%)
30.8 (4.2%)
-2.3
+27.7
-16.4
33.8 (2.5%)
+3.9
+202.7
*The percentage figures noted in brackets show operating margin
6
Breakdown of Operating Income by Product Group
(comparison of 1H FY2012 and 1H FY2013)
(Billions of Yen)
Product Business: +45.5
Device Business: +153.2
33.8
+3 9
+3.9
+29.0
0
+124.2
+8.9
+22.2
+22.0
-7.6
-168.8
-200
Operating
Digital
Health and
Income 1H Information Environmental
FY2012
Equipment
Equipment
Solar
Cells
Business
Solutions
LCDs
Electronic
Devices
Adjustments
Operating
Income 1H
FY2013
7
Breakdown of Operating Income by Factors
(comparison of 1H FY2012 and 1H FY2013)
・Reduction in fixed costs and assets contributed to turnaround in 1H FY2013.
(Billions of Yen)
Positive effects by business
restructuring
(12/1H ⇒13/1H): Total +146.1
billion yen
Increased
revenue, etc.
0
Operating
Income 1H
FY2013
33 8
33.8
33.8
+56.6
Reduction
of assets
+75.2
Reduction of
fi d costs
fixed
t
+70.9
-168.8
-200
Depreciation due to the effects of loss from
inventory revaluation, and retirement/impairment
of noncurrent assets, etc.
Labor cost cuts and
Reduction in depreciation, etc.
Operating
Income 1H
FY2012
8
Other Income (Expenses)
・Recording of the costs associated with restructuring has been almost completed, leading to a
significant improvement in other income (expenses).
(Billions of Yen)
FY2012
FY2013
1
1H
1
1H
Difference
-168.8
33.8
+202.7
-153.9
-28.9
+124.9
Gain on sales of noncurrent assets
3.8
3.0
-0.8
Gain on sales of investment securities
0.3
1.6
+1.3
-5.3
-8.9
-3.6
-8.3
-1.1
+7.1
Operating Income
Other Income (Expenses)
Interest expense
Loss on sales and retirement of
noncurrent assets
Loss on valuation of investment
securities
-2.8
-0.9
+1.9
Restructuring charges
-98.6
0.0
+98.6
Settlement package
-15.8
0.0
+15.8
0.0
-1.0
-1.0
-27.1
-21.5
+5.5
Provision for loss on litigation
Others
Income Taxes, etc.
Net Income
-64.7
-9.1
+55.5
-387.5
-4.3
+383.2
9
Consolidated Balance Sheets
・The equity ratio improved from 6.0% at end of March 2013 to 6.4% at end of September 2013.
(Billions of Yen)
FY2012
End of Sep.
2012
FY2012
FY2013
End of Mar.
2013
End of Sep.
2013
FY2013
End of Sep.
2012
End of Mar.
2013
End of Sep.
2013
200 7
200.7
200 3
200.3
00
0.0
Cash,
C
s , timee depos
depositss andd
restricted cash
221 1
221.1
191 9
191.9
167 5
167.5
Notes and accounts
receivable
470.2
558.2
608.0
Short-term borrowings
898.0
924.1
874.0
422.2
405.6
449.3
333.9
337.7
289.6
1,654.2
1,667.5
1,613.0
338.3
285.3
355.9
CB
Inventories
325.7
310.7
317.5
Notes and accounts
payable
Other current assets
241.9
160.9
189.9
Other current liabilities
1,259.0
1,221.8
1,282.9
Plant and Equipment
636.6
563.6
535.2
Long-term Liabilities
Investments and Other
Assets
323 7
323.7
301 6
301.6
297 1
297.1
Liabilities
1 992 5
1,992.5
1 952 9
1,952.9
1 968 9
1,968.9
1.0
0.6
0.1
Net Assets
227.9
134.8
146.6
2,220.4
2,087.7
2,115.5
2,220.4
2,087.7
2,115.5
9.9%
6.0%
6.4%
Current Assets
Deferred Assets
Total assets
Current Liabilities
Total liabilities and
net assets
Equity Ratio
Only amounts settled by end
of October are reflected in
these figures.
Capital increase through :
- public offering
109.0
- third-party allotments
with DENSO, Makita
and LIXIL
17.4
+
Increased amount of
net assets
126.5
10
“Asset Light” Approach [ Transition of Inventory ]
・ Inventory at end Sep. 2013 has been cut down by 38.6 billion yen compared with end Jun. 2013 to
the level at end Mar. 2013, and the ratio vs. monthly sales has fallen from 1.76 months to 1.42
months due to sales expansion.
(Billions of Yen)
600
(Months)
3.00
Inventory (left)
Ratio vs. monthly sales (right)
486.0
500
527.4
2.58
2.50
454.4
411.2
399.9
1.93
400
2.00
356.2
300
1.60
1.79
1.69
310.7
1.76
317.5
1.50
1.42
1.50
200
1.00
100
0.50
0
0.00
End Mar. 2008
End Mar. 2009
End Mar. 2010
End Mar. 2011
End Mar. 2012
End Mar. 2013
End Jun. 2013
End Sep. 2013
11
Transition of Interest-bearing Debt
・ Interest-bearing debt at end Sep. 2013 has increased by 25.8 billion yen compared with end Jun. 2013,
but ratio vs. monthly sales has improved by 0.43 months.
(Billions of Yen)
(Months)
Short-term borrowings (left)
1,127.1
Longt-term debt (left)
1,174.4
1,169.4
5.69
5.77
1,195.3
Ratio vs. monthly sales (right)
1,000
5.51
829.7
820.1
847.2
3.50
3.57
3.36
6.00
5.34
703.9
500
3.00
2.47
0
0.00
End Mar.
2008
End Mar.
2009
End Mar.
2010
End Mar.
2011
End Mar.
2012
End Mar.
2013
End Jun.
2013
End Sep.
2013
12
Implementation of the Medium-Term Management Plan
<Exit Closed Innovation and Aggressively Utilize Alliances >
▪ The implementation of the second third-party allotment capital increase to Qualcomm according to the
agreement concerning the development of MEMS displays. (Sharp has received 5.9 billion yen for the
second issuance of new shares, 10.8 billion yen in sum total.)
▪ The execution of the agreement with China Electronics Corporation (CEC) for LCD panel production
project
j in
i China.
hi
- Sharp to provide its technologies of high-definition TFT LCD panel and module to CEC, and to take
part in a joint venture for producing LCD panels and modules using 8.5th generation glass substrates.
<Reducing Fixed Costs by Reformation of Cost Structure>
▪ The reduction in fixed costs under progress: 70.9 billion yen (vs. 1H FY2012)
- Labor cost cuts and reduction in depreciation as planned
<Improving Financial Position>
▪ Stable funding through the renewal of the syndicated loan of 360 billion yen, and redemption of
convertible bond of 200 billion yen (end of September 2013) with additional borrowing facility set at 150
billion yen.
▪ Capital increase through a public offering (109 billion yen) and through third-party allotments with
DENSO, Makita, and LIXIL (17.4 billion yen).
*Payment for capital increase through a third-party allotment to be undertaken in relation to the secondary offering of
Sharp’s shares due to over-allotment (maximum of 11.2 billion yen) is planned to be completed on November 12, 2013.
13
Ⅱ. Information by Product Group
14
Digital Information Equipment
(Billions of Yen, millions of units)
FY2013
FY2012
FY2013
Full Year
1H
Sales
Change
Change
Change
Forecast (8/1)
158.9
+18.5%
175.6
-14.1%
334.6
-1.2%
185.7
3.89
98.3
2.73
80.3
1.56
50.2
1.31
+3.4%
-6.2%
+71.8%
+69.1%
113.7
2.12
37.2
1.11
+5.3%
-4.6%
-46.0%
-43.0%
194.0
3.69
87.5
2.42
+4.5%
-5.3%
-11.0%
-11.1%
-21.1
-1.3
-
2.2
-
0.8
-
(-6.3%)
(-0.9%)
LCD TVs
Unit
Amt
Unit
Operating Income
(vs. sales)
1H
2Q
338.5
Amt
Mobile
Phones
1Q
(1.3%)
Change
(Y on Y)
730.0
-0.4%
400.0 +3.0%
8.00 -0.4%
210.0 -8.5%
5.50 -10.0%
5.0
(0.3%)
-
(0.7%)
* Sales of product group including internal sales between segments (Product Business / Device Business)
[ 1H ]
(LCD TVs)
TV )
Sales
S l grew in
i Japan,
J
China
Chi andd emerging
i countries
i but
b fell
f ll in
i Europe
E
andd the
h U.S.
US
(Mobile phones) Stiffening competition with Japanese and overseas mobile phone manufacturers.
The above situations have resulted in squeeze on sales of Digital Information Equipment Group.
[ Onward Actions ]
(LCD TVs)
Shift to 60 inch and larger (70/80/90 inch) models and strengthen product range, invest in
providing locally suitable products in emerging countries and other important regions.
(Mobile phones) Win back market share in Japan by enhancing the lineup centering on new products equipped with
IGZO LCDs that feature high definition and low power consumption.
15
Health and Environmental Equipment
(Billions of Yen)
FY2012
FY2013
FY2013
Full Year
1H
1Q
Q
1H
2Q
Q
Change
Change
Change
Forecast (8/1)
Ch
Change
(Y on Y)
Sales
154.9
82.3
+5.2%
77.5
+1.1%
159.8
+3.2%
320.0
+3.3%
Operating Income
17.3
6.4
-22.1%
3.2
-64.3%
9.6
-44.2%
20.0
-37.9%
(11.2%)
(7.8%)
(vs. sales)
(4.2%)
(6.0%)
(6.3%)
* Sales of product group including internal sales between segments (Product Business / Device Business)
[ 1H ]
・Sales of air conditioners and refrigerators were strong.
・The profitability of business in Japan relying on imports from overseas worsened due to the depreciation of the
yen.
[ Onward Actions ]
・Expand overseas business with ASEAN region as top-priority area, and strengthen production capabilities in
Indonesian factories.
・Minimize the influence of exchange rate fluctuations by promoting local production for local consumption.
16
Solar Cells
(Billions of Yen)
FY2012
FY2013
FY2013
Full Year
1H
1Q
1H
2Q
Change
Change
Change
Forecast (8/1)
Change
(Y on Y)
Sales
93.0
84.3
+101.1%
83.9
+64.1%
168.2
+80.8%
310.0 +19.3%
Volume (MW)
542
343
+35.7%
560
+93.6%
904
+66.6%
1,800 +36.4%
-12.3
6.8
-
3.0
-
9.8
-
(-13.2%)
(8.1%)
Operating Income
(vs. sales)
(3.7%)
13.0
(5.9%)
-
(4.2%)
* Sales of product group including internal sales between segments (Product Business / Device Business)
[ 1H ]
・Sales increased in Japan
p for residential and industrial use ((e.g.
g mega-solar
g
power generation
p
g
plants).
p
)
[ Onward Actions ]
・Secure profitability by expanding sales in Japanese market with steady demand.
Residential use: Expand product range so suit various roof shapes, boost sales and marketing activity,
increase sales of systems including HEMS and storage batteries.
Industrial use: Steady completion of installation and increase sales based on strengthened product supply and
servicing systems, and acquire mega-solar power generation projects through enhanced
design and sales function.
Overseas: Expand solution and developer businesses.
17
Business Solutions
(Billions of Yen)
FY2012
FY2013
FY2013
Full Year
1H
1Q
Q
1H
2Q
Q
Change
Sales
Operating Income
(vs. sales)
138.9
6.9
(5.0%)
77.6
+20.0%
7.5 +223.8%
(9.8%)
Change
80.7
+8.8%
8.3
+80.2%
(10.3%)
Change
158.4
Forecast (8/1)
+14.0%
15.9 +128.5%
(10.1%)
Change
(Y on Y)
310.0
+4.4%
22.0
-9.6%
(7.1%)
* Sales of product group including internal sales between segments (Product Business / Device Business)
[ 1H ]
・Sales of color MFPs grew in Japan and overseas. Sales of information displays increased overseas.
[ Onward Actions ]
・Increase sales of high-speed MFPs in developed countries and shift to color MFPs in emerging countries.
・Develop new customers by offering enhanced solutions and services through combination of MFPs and displays.
18
LCDs
(Billions of Yen)
FY2013
FY2012
FY2013
Full Year
1H
1Q
1H
2Q
Change
Sales
Operating Income
(vs. sales)
368.0
Change
193.8
+32.8%
-115.5
-9.5
-
(-31.4%)
(-4.9%)
Change
284.7
+28.2%
18.1
-
(6.4%)
Forecast (8/1)
478.5
+30.0%
8.6
-
Change
( on Y))
(Y
970.0 +14.5%
30.0
(1.8%)
-
(3.1%)
* Sales of product group including internal sales between segments (Product Business / Device Business)
[ 1H ]
▪ In 1H FY2012, huge loss recorded due to reduction of operation of the large-size LCD plants and postponed orders
of small- and medium-size LCDs from major customers.
▪ In 1H FY2013, strong sales recorded in large-size LCDs to external customers and in small- and medium-size LCDs
due to increased demands of smartphones and tablet terminals.
▪ Strategic partnership contributed to maintaining the utilization rate of Kameyama No.2 Plant at the level as planned.
[ Onward Actions ]
▪ Stabilize and expand business by promoting design-in activities with new customers.
▪ Shift to the panels featuring high definition and low power consumption such as IGZO LCDs.
▪ Streamline and optimize production, sales and inventory of TV panels by closely monitoring supply and demand
trend.
19
Electronic Devices
(Billions of Yen)
FY2013
FY2012
FY2013
Full Year
1H
1Q
1H
2Q
Change
Change
Change
Forecast (8/1)
Sales
126.4
61.2
+29.0%
86.5
+9.7%
147.8
+17.0%
Operating Income
-23.7
0.1
-
5.1
-
5.2
-
(-18.8%)
(0.2%)
(vs. sales)
(5.9%)
(3.5%)
Change
(Y on Y)
320.0 +18.2%
12.0
-
(3.8%)
* Sales of product group including internal sales between segments (Product Business / Device Business)
[ 1H ]
・Sales
S l off camera modules
d l for
f mobile
bil devices
d i
were strong.
t
[ Onward Actions ]
・Expand sales of camera modules for mobile devices to develop new customers.
・Enhance sales of sensing devices to be applied in security, in-vehicle and medical fields.
・Enhance sales of system devices such as optical sensor, touchscreen, and power devices.
・Promote sales of lighting devices such as LED.
20
Ⅲ. Financial Results Forecast for Fiscal 2013
21
Consolidated Financial Results Forecast for Fiscal 2013
・ Aim to achieve positive results of net income in FY2013.
・ The forecast for the full year remains unchanged from the previous forecast.
・ Sharp will make a timely announcement on forecast revision, if it is deemed to be required in monitoring
company progress and market conditions.
(Billions of Yen)
FY2013
FY2013
Full Year
1Q
Change
(Y on Y)
2Q
Change
(Y on Y)
1H
Change
(Y on Y)
Forecast
(8/1)
Change
(Y on Y)
607.9
+32.6%
734.1
+13.7%
1,342.0
+21.5%
2,700.0
+8.9%
Domestic
258.8
+38.1%
285.5
+6.4%
544.3
+19.4%
1,020.0
+1.3%
Overseas
349.1
+28.7%
448.5
+18.9%
797.6
+23.0%
1,680.0
+14.2%
3.0
-
30.8
-
33.8
-
80.0
-
-17.9
-
13.6
-
-4.3
-
5.0
-
Net Sales
Operating Income
Net Income
22
Supplementary Data -Sales of Main Products, etc.-
23
Sales of Main Products and Electronic Components
(Billions of Yen)
FY2012
FY2013
FY2013
Full Year
1H
LCD Color TVs
Full Year
1H
Change
g
(Y on Y)
Forecast (8/1)
Change
g
(Y on Y)
185.7
388.4
194.0
+4.5%
400.0
+3.0%
Unit (million units)
3.89
8.03
3.69
-5.3%
8.00
-0.4%
Mobile Phones
98.3
229.6
87.5
-11.0%
210.0
-8.5%
Unit (million units)
2.73
6.11
2.42
-11.1%
5.50
-10.0%
Refrigerators
45.1
87.9
47.5
+5.3%
96.0
+9.1%
Air Conditioners
35.8
59.6
42.5
+18.9%
62.0
+3.9%
Solar Cells
93.0
259.9
168.2
+80.8%
310.0
+19.3%
542
1,319
904
+66.6%
1,800
+36.4%
Copiers / Printers
56.3
128.4
66.2
+17.6%
140.0
+9.0%
CCD / CMOS Imagers
66.7
153.5
84.5
+26.7%
190.0
+23.8%
Volume (MW)
24
Overseas Sales by Region
Above: Sales (Billions of Yen)
Below: Composition Ratio
FY2012
FY2013
FY2013
Full Year
1H
Full Year
1H
Change
(Y on Y)
146.9
355.2
204.2
22.6%
24.1%
25.6%
91.9
174.3
77.8
14.2%
11.9%
9.7%
278.7
667.9
382.5
43.0%
45.4%
48.0%
130.8
273.7
133.0
20.2%
18.6%
16.7%
648.4
1,471.3
797.6
100.0%
100.0%
100.0%
+39.0%
Change
(Y on Y)
Forecast (8/1)
360.0
+1.3%
The Americas
21.4%
-15.3%
170.0
-2.5%
Europe
10.1%
+37.2%
820.0
+22.8%
China
48.8%
+1.7%
330.0
+20.6%
Asia etc.
19.7%
+23.0%
1,680.0
+14.2%
Total
100.0%
25
Other Information
(Billions of Yen)
FY2012
FY2013
FY2013
Full Year
1H
Capital Investment
Full Year
1H
Change
(Y on Y)
Forecast (8/1)
Change
(Y on Y)
55 0
55.0
82 4
82.4
21 5
21.5
-60 9%
-60.9%
80 0
80.0
-3 0%
-3.0%
36.9
46.0
6.8
-81.6%
27.0
-41.4%
Depreciation and
Amortization
92.6
173.3
58.6
-36.6%
130.0
-25.0%
R&D Expenditures
74.3
137.9
65.4
-12.0%
160.0
+16.0%
<Reference>LCDs*1
Exchange Rate
1H
Full Year
1H
Difference
Previous
Forecast
Difference from
previous year
U.S. Dollar
¥ 78.42
¥ 82.11
¥ 97.86
+ ¥ 19.44
¥ 95.00
+ ¥ 12.89
Euro
¥ 99.14
¥ 105.65
¥ 128.51
+ ¥ 29.37
¥ 125.00
+ ¥ 19.35
End of Mar.
2012
End of Mar.
2013
End of Sep.
2013
56,756
50,647
51,080
Domestic
29,387
24,758
24,433
Overseas
27,369
25,889
26,647
Number of Employees*2
*1 Sharp Corporation (Sharp Corporation and
Sharp Display Products Corporation until 1Q
FY2012)
*2 Sharp Corporation and its consolidated
subsidiary companies
26