Presentation Material (PDF:165KB)

Consolidated Financial Results for
the Year Ended March 31,
31 2014
Ⅰ.
Ⅱ.
Ⅲ.
Ⅳ.
Financial Results for Fiscal 2013
Financial Results Forecast for Fiscal 2014
Information by Product Group
Supplementary Data
SHARP CORPORATION
May 12, 2014
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 © 2014 SHARP CORPORATION, All Rights Reserved.
Ⅰ. Financial Results for Fiscal 2013
1
Financial Results for Fiscal 2013
・ Net sales, operating income and net income surpassed the previously announced forecast figures
(Billions of Yen)
FY2013
FY2012
F ll Year
Full
Y
1H
3Q
4Q
2H
FY2013
F ll Year
Full
Y
Difference
f
from
previous
forecast
Previous
Forecast
Ch
Change
(Y on Y)
Net Sales
2,478.5
1,342.0
815.2
769.8
1,585.1
2,927.1
+27.1
+18.1%
2,900.0
Operating
Income
-146.2
(-5.9%)
33.8
(2.5%)
47.6
(5.8%)
27.0
(3.5%)
74.7
(4.7%)
108.5
(3.7%)
+8.5
-
100.0
(3.4%)
Net Income
-545.3
(-22.0%)
-4.3
(-0.3%)
22.0
(2.7%)
-6.1
(-0.8%)
15.8
(1.0%)
11.5
(0.4%)
+6.5
-
5.0
(0.2%)
2
Sales by Product Group
・ Solar Cells, LCDs and Electronic Devices increased significantly compared to the previous year
(Billions of Yen)
FY2013
FY2012
Full Year
1H
3Q
4Q
2H
FY2013
Full Year
Difference
from
previous
forecast
Previous
Forecast
Change
(Y on Y)
Digital Information Equipment
732.6
334.6
216.9
181.8
398.7
733.3
+3.3
+0.1%
730.0
Health and Environmental
Equipment
309.6
159.8
82.1
84.9
167.0
326.8
+6.8
+5.6%
320.0
Solar Cells
259.9
168.2
108.5
162.1
270.7
439.0
+9.0
+68.9%
430.0
Business Solutions
296.9
158.4
77.1
83.3
160.4
318.8
+8.8
+7.4%
310.0
1,599.2
821.2
484.7
512.2
996.9
1,818.1
+28.1
+13.7%
1,790.0
846.8
478.5
277.5
234.9
512.5
991.0
-88.99
+17 0%
+17.0%
1,000.0
Product Business
LCDs
270.6
147.8
106.4
72.0
178.5
326.3
-13.6
+20.6%
340.0
Device Business
1,117.5
626.4
384.0
307.0
691.0
1,317.4
-22.5
+17.9%
1,340.0
Sub Total
2,716.7
1,447.6
868.7
819.2
1,687.9
3,135.6
+5.6
+15.4%
3,130.0
Adjustments
-238.1
-105.6
-53.4
-49.3
-102.8
-208.4
+21.5
-
-230.0
2,478.5
1,342.0
815.2
769.8
1,585.1
2,927.1
+27.1
+18.1%
2,900.0
Electronic Devices
Total
*Sales of each product group include internal sales between segments (Product Business / Device Business)
3
Operating Income by Product Group
・ While Health and Environmental Equipment saw a decrease in earnings, Digital Information
Equipments, Solar Cells and LCDs improved significantly
Full Year
Digital Information Equipment
Health and Environmental
Equipment
Solar Cells
Business Solutions
Product Business
LCD
LCDs
Electronic Devices
Device Business
Sub Total
Adjustments
Total
(Billions of Yen)
FY2013
FY2012
1H
-9.8
0.8
(-1.3%) (0.3%)
32.2
9.6
(10.4%) (6.0%)
-4.4
9.8
(-1.7%) (5.9%)
24.3
15.9
(8.2%) (10.1%)
42.1
36.3
(2.6%) (4.4%)
-138.9
138.9
8.6
(-16.4%) (1.8%)
-15.5
5.2
(-5.7%) (3.5%)
-154.5
13.9
(-13.8%) (2.2%)
-112.3
50.2
(-4.1%) (3.5%)
-33.9
-16.4
-146.2
33.8
(-5.9%) (2.5%)
3Q
4Q
8.4
3.4
(3.9%) (1.9%)
5.6
5.6
(6.9%) (6.7%)
5.9
16.5
(5.5%) (10.2%)
6.1
8.4
(8.0%) (10.2%)
26.2
34.1
(5.4%) (6.7%)
26.0
6.9
(9.4%) (2.9%)
4.2
-6.1
(4.0%) (-8.6%)
30.2
0.7
(7.9%) (0.2%)
56.4
34.8
(6.5%) (4.3%)
-8.8
-7.8
47.6
27.0
(5.8%) (3.5%)
2H
11.9
(3.0%)
11.3
(6.8%)
22.5
(8.3%)
14.6
(9.1%)
60.4
(6.1%)
32.9
(6.4%)
-1.9
(-1.1%)
30.9
(4.5%)
91.3
(5.4%)
-16.6
74.7
(4.7%)
FY2013
Difference
from
Full Year
previous
f
forecast
t
12.8
(1.8%)
21.0
(6.4%)
32.4
(7.4%)
30.5
(9.6%)
96.8
(5.3%)
41.5
(4.2%)
3.2
(1.0%)
44.8
(3.4%)
141.6
(4.5%)
-33.0
108.5
(3.7%)
Difference
(Y on Y)
Previous
Forecast
Change
(Y on Y)
+4.8
+22.6
-
+1.0
-11.1
-34.7%
+8.4
+36.8
-
+2.5
+6.2 +25.5%
+16.8
+54.6 2.3-fold
+1.5
1.5
+180.5
180.5
-
-8.7
+18.7
-
-7.1
+199.3
-
+9.6
+253.9
-
-1.0
+8.5
+0.8
+254.8
-
8.0
(1.1%)
20.0
(6.3%)
24.0
(5.6%)
28.0
(9.0%)
80.0
(4.5%)
40.0
(4.0%)
12.0
(3.5%)
52.0
(3.9%)
132.0
(4.2%)
-32.0
100.0
(3.4%)
*The percentage figures noted in brackets show operating margin
4
Breakdown of Operating Income by Factor (FY2012 vs. FY2013)
・ Improved significantly compared to the previous year thanks to positive effects from business
restructuring such as reductions in fixed costs and assets
Effects of business restructuring: Total of 146.3
(Billions of Yen)
150
108 5
108.5
100
Increased
revenue, etc.
+108.6
50
0
Reduction
of assets
+69.4
-50
Reduction
of fixed costs
+76.9
100
-100
-150
-146.2
-200
FY2012
Operating Income
FY2013
Operating Income
5
Other Income (Expenses)
・ Other income (expenses) improved compared to the previous year
(Billions of Yen)
FY2012
Full Year
FY2013
1H
3Q
Q
FY2013
2H
4Q
Q
Full Year
Difference
(Y on Y)
Operating Income
-146.2
33.8
47.6
27.0
74.7
108.5
+254.8
Other Income (Expenses)
-319.9
-28.9
-15.0
-18.5
-33.5
-62.5
+257.3
0.7
1.6
0.0
4.7
4.7
6.3
5.6
Interest expenses
-12.8
-8.9
-5.8
-5.8
-11.7
-20.7
-7.8
Loss on sales and retirement of noncurrent assets
-15.6
-1.1
-0.3
-0.1
-0.4
-1.6
+13.9
Impairment loss
-47.3
0.0
0.0
-11.7
-11.7
-11.7
+35.6
-3.7
-0.9
-1.3
0.1
-1.2
-2.1
+1.6
-143.3
143.3
0.0
0.0
0.0
0.0
0.0
+143.3
143.3
Gain on sales of investment securities
Loss on valuation of investment securities
Restructuring
g charges
g
Settlement package
-17.8
0.0
0.0
0.0
0.0
0.0
+17.8
Provision for loss on litigation
-32.3
-1.0
0.0
0.0
0.0
-1.1
+31.1
Others
-47.3
-18.5
-7.3
-5.5
-12.9
-31.4
+15.9
-79.1
-9.1
-10.5
-14.7
-25.2
-34.4
+44.7
-545.3
-4.3
22.0
-6.1
15.8
11.5
+556.9
Income taxes, etc.
Net Income
Previous
Forecast
100.0
5.0
6
Consolidated Balance Sheets
・ Equity ratio decreased compared to end Dec. 2013 due to a 109.3 billion yen on-balance-sheet effect of
retirement benefit obligation, but improved from the end of FY2012
(Billions of Yen)
FY2012
FY2012
FY2013
End of Mar.
2013
End of Sep.
2013
End of Dec.
2013
End of Mar.
2014
Cash, time deposits
Cash
and restricted cash
191.9
167.5
318.5
379.5
Notes and accounts
receivable
558.2
608.0
711.5
568.8
FY2013
End of Mar.
2013
End of Sep.
2013
End of Dec.
2013
End of Mar.
2014
200.3
0.0
0.0
0.0
Short-term borrowings
924.1
874.0
899.3
793.1
405.6
449.3
483.7
409.9
337.7
289.6
339.8
348.5
1,667.5
1,613.0
1,722.9
1,551.6
285.3
355.9
356.5
422.8
CB
Inventories
310.7
317.5
342.1
295.1
Notes and accounts
payable
Other current assets
160.9
189.9
177.2
130.6
Other current liabilities
1,221.8
1,282.9
1,549.4
1,374.2
Plant and Equipment
563.6
535.2
530.7
519.7
Long-term Liabilities
Investments and Other
Assets
301.6
297.1
326.0
287.5
Liabilities
1,952.9
1,968.9
2,079.4
1,974.5
0.6
0.1
0.1
0.1
Net Assets
134.8
146.6
326.8
207.1
2,087.7
2,115.5
2,406.3
2,181.6
6.0%
6.4%
13.1%
8.9%
Current Assets
Deferred Assets
2,087.7
Total assets
2,115.5
2,406.3
Current Liabilities
Total liabilities and
net assets
2,181.6
Equity Ratio
7
Transition of Interest-bearing Debt
・ Interest-bearing debt at end Mar. 2014 was 1,093.5 billion yen, a decrease of 80.9 billion yen compared
to end Mar. 2013, and the ratio vs. monthly sales decreased to 4.48 months from 5.69 months
・ Net interest-bearing debt* also decreased to 713.9 billion yen from 982.4 billion yen at end Mar. 2013
(Months)
(Billions of Yen)
1,127.1
1,000
931.8
829.7
Interestbearing debt
1,174.4
1 093 5
1,093.5
982.4
713.9
703.9
599.3
492.8
500
315.1
8.00
847.2
820.1
3.50
5.51
5.69
471.7
3.57
4.48
4.00
3.36
Net interestbearing debt
2.47
Interest-bearing debt
on the ratio vs.
monthly sales
0
Net
D/E ratio
0.00
End Mar.
2008
End Mar.
2009
0.3
0.5
End Mar.
2010
End Mar.
2011
End Mar.
2012
End Mar.
2013
End Mar.
2014
0.5
0.6
1.5
7.9
3.7
* Net interest-bearing debt: interest-bearing debt - cash, time deposits and restricted cash
8
“Asset Light” Approach [ Transition of Inventory ]
・ Inventory at end Mar. 2014 was 295.1 billion yen, a decrease of 15.5 billion yen compared to end Mar.
2013, and the ratio vs. monthly sales decreased to 1.21 months from 1.50 months
(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
399.9
400
411.2
1.93
2.00
1.79
300
1.60
310.7
1.69
295.1
1.50
1 21
1.21
200
100
1.50
1.00
0.50
0
0.00
End Mar.
2008
End Mar.
2009
End Mar.
2010
End Mar.
2011
End Mar.
2012
End Mar.
2013
End Mar.
2014
9
Ⅱ. Financial Results Forecast for Fiscal 2014
10
Financial Results Forecast for Fiscal 2014
・ A revision of foreign exchange assumptions following further yen depreciation resulted in an increase of
180 billion yen in net sales compared with the May 2013 Medium-Term Management Plan
・ Factoring in yen depreciation, the depreciation of emerging country currencies and other external
environmental factors decreased operating income and net income by 10 billion yen
(Billions of Yen)
FY2013
Full Year
FY2014
1H
Forecast
2H
Forecast
Change
(Y on Y)
FY2014
Full Year
Forecast
Change
(Y on Y)
Difference
from
the Mid-Term
Plan
Change
(Y on Y)
Mid-Term
Plan
(5/14/2013)
Net Sales
2,927.1
1,450.0
+8.0%
1,550.0
-2.2%
3,000.0
+180.0
+2.5%
2,820.0
Operating
Income
108.5
35.0
+3.5%
65.0
-13.0%
100.0
-10.0
-7.9%
110.0
Net Income
11.5
5.0
-
25.0
+57.3%
30.0
-10.0
2.6-fold
40.0
11
Net Sales / Operating Income Transition Forecast by Quarter
・ 1Q FY2014 is expected to see a decrease in net sales compared to 4Q FY2013 in addition to sluggish
operating income due to seasonal fluctuations and a backlash from the last-minute demand following the
hike in consumption tax
(Billions of Yen)
900
Net Sales
3,000
(Billions of Yen)
60
(%)
12.0
Operating Income
100
800
40
80
8.0
700
20
4.0
600
0
0.0
500
-20
-4.0
400
-40
-8.0
300
-60
-12.0
200
-80
-16.0
100
-100
-20.0
0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2012
FY2013
FY2014
(Forecast)
-120
-24.0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2012
FY2013
FY2014
(Forecast)
12
Sales by Product Group
(Billions of Yen)
FY2013
1H
FY2014
Full Year
2H
Full Year
Forecast
Difference
(Y on Y)
Change
(Y on Y)
Digital Information
Equipment
334.6
398.7
733.3
780.0
+46.6
+6.4%
Health and Environmental
Equipment
159.8
167.0
326.8
360.0
+33.1
+10.1%
Solar Cells
168.2
270.7
439.0
290.0
-149.0
-33.9%
Business Solutions
158.4
160.4
318.8
340.0
+21.1
+6.6%
821.2
996.9
1,818.1
1,770.0
-48.1
-2.6%
LCDs
478.5
512.5
991.0
1,000.0
+8.9
+0.9%
El t i Devices
Electronic
D i
147 8
147.8
178 5
178.5
326 3
326.3
450 0
450.0
+123 6
+123.6
+37 9%
+37.9%
Device Business
626.4
691.0
1,317.4
1,450.0
+132.5
+10.1%
Sub Total
1,447.6
1,687.9
3,135.6
3,220.0
+84.3
+2.7%
Adjustments
-105.6
-102.8
-208.4
-220.0
-11.5
-
Total
1,342.0
1,585.1
2,927.1
3,000.0
+72.8
+2.5%
Product Business
*Sales of each product group include internal sales between segments (Product Business / Device Business)
13
Operating Income by Product Group
(Billions of Yen)
FY2013
Digital Information Equipment
Health and Environmental
Equipment
Solar Cells
Business Solutions
Product Business
LCDs
Electronic Devices
Device Business
Sub Total
Adjustments
Total
FY2014
Full Year
Full Year
Forecast
Difference
(Y on Y)
Change
(Y on Y)
1H
2H
0.8
(0.3%)
96
9.6
(6.0%)
9.8
(5.9%)
15.9
(10.1%)
36.3
(4.4%)
8.6
(1.8%)
5.2
(3.5%)
13.9
(2.2%)
50.2
(3.5%)
11.9
(3.0%)
11 3
11.3
(6.8%)
22.5
(8.3%)
14.6
(9.1%)
60.4
(6.1%)
32.9
(6.4%)
-1.9
(-1.1%)
30.9
(4.5%)
91.3
(5.4%)
-16.4
-16.6
-33.0
-30.0
+3.0
-
33.8
(2.5%)
74.7
(4.7%)
108.5
(3.7%)
100.0
(3.3%)
-8.5
-7.9%
12.8
(1.8%)
21 0
21.0
(6.4%)
32.4
(7.4%)
30.5
(9.6%)
96.8
(5.3%)
41.5
(4.2%)
3.2
(1.0%)
44.8
(3.4%)
141.6
(4.5%)
20.0
(2.6%)
19 0
19.0
(5.3%)
-5.0
(-1.7%)
26.0
(7.6%)
60.0
(3.4%)
55.0
(5.5%)
15.0
(3.3%)
70.0
(4.8%)
130.0
(4.0%)
+7.1
+55.8%
-22.00
-99.6%
6%
-37.4
-
-4.5
-14.9%
-36.8
-38.0%
+13.4
+32.2%
+11.7
4.6-fold
+25.1
+56.1%
-11.6
-8.2%
*The percentage figures noted in brackets show operating margin
14
Ⅲ. Information by Product Group
15
Digital Information Equipment <Total>
(Billions of Yen)
FY2012
Full Year
Sales
Operating
Income
(margin)
732.6
FY2013
1H
3Q
334.6
2H
4Q
216.9
FY2014
181.8
398.7
Full Year
Full Year
Forecast
Change
(Y on Y)
733.3
+0.1%
-
-9.8
0.8
8.4
3.4
11.9
12.8
(-1.3%)
(0.3%)
(3.9%)
(1.9%)
(3.0%)
(1.8%)
Change
(Y on Y)
780.0
+6.4%
20.0
+55.8%
(2.6%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ FY2013 Results ]
・ Growth in LCD TVs in Japan, China and emerging countries despite sluggish results in the Americas
and Europe, and the introduction of new mobile phones improved income and returned us to
profitability
[ Future Expectations and Initiatives ]
・ 1H FY2014 is expected to demonstrate low performance due to a temporary sales decrease in the wake of
the consumption tax hike in Japan and settlement of the past promotional expenses (Chinese New Year)
・ Work to recover results by introducing new LCD TVs and mobile phones on the market
16
Digital Information Equipment <LCD TVs, Mobile Phones>
(Billions of Yen; Millions of Units)
FY2012
FY2013
Full Year
1H
3Q
FY2014
2H
4Q
Full Year
Forecast
Change
(Y on Y)
Full Year
Change
(Y on Y)
Amt
388.4
194.0
118.8
100.9
219.8
413.8
+6.6%
440.0
+6.3%
Unit
8.03
3.69
2.18
1.94
4.12
7.81
-2.7%
8.20
+4.9%
Amt
229.6
87.5
69.2
48.8
118.0
205.5
-10.5%
220.0
+7.0%
Unit
6.11
2.42
1.77
1.30
3.08
5.51
-9.8%
6.30
+14.3%
LCD TVs
Mobile Phones
[ FY2013 Results ]
LCD TVs: The exacerbating competition environment on the U.S. market and other causes resulted in slightly
lower units sold than in the previous year while the average unit price increased
Mobile p
phones: The units sold and amounts recorded were lower than the p
previous yyear due to increased
competition with overseas mobile phone manufacturers and blunted growth of domestic
smartphone demand, among other causes
[ Onward Actions ]
LCD TVs: Increase sales of high-definition LCD TVs such as 4K AQUOS and Quattron Pro, enhance the lineup
of 60 inch and larger (70/80/90 inch) models, and strengthen sales of locally suitable models in
emerging countries and other important regions
Mobile phones: Tap the demand for feature phones on the domestic market and introduce distinctive
smartphones with IGZO LCDs and thin-bezel design EDGEST features, etc.
17
Health and Environmental Equipment
(Billions of Yen)
FY2012
Full Year
Sales
Operating
Income
(margin)
309.6
FY2013
1H
3Q
159.8
2H
4Q
82.1
FY2014
84.9
167.0
Full Year
Change
(Y on Y)
326.8
+5.6%
-34.7%
32.2
9.6
5.6
5.6
11.3
21.0
(10.4%)
(6.0%)
(6.9%)
(6.7%)
(6.8%)
(6.4%)
Full Year
Forecast
Change
(Y on Y)
360.0
+10.1%
19.0
-9.6%
(5.3%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ FY2013 Results ]
・ Due to the last-minute demand in 4Q FY2013 generated by the consumption tax increase, large
refrigerators, high-function air conditioners and other products performed well and air purifiers also
grew because of the PM2.5 issue
・ Deteriorated profitability of imported products due to the yen depreciation lowered profits
[ Onward Actions ]
・ Respond to the backlash from the consumption tax increase by creating products that arouse new
demand and introducing products with unique features on the market
・ Further strengthen overseas business centered on ASEAN and work to minimize foreign exchange
effects through the progression of local production for local consumption
18
Solar Cells
(Billions of Yen)
FY2012
Full Year
FY2013
1H
3Q
FY2014
2H
4Q
Full Year
Full Year
Forecast
Change
(Y on Y)
Change
(Y on Y)
Sales
259 9
259.9
168 2
168.2
108 5
108.5
162 1
162.1
270 7
270.7
439 0
439.0
+68 9%
+68.9%
290 0
290.0
-33.9%
33 9%
Volume
(MW)
1,319
904
459
736
1,195
2,098
+59.1%
2,000
-4.7%
-
-5.0
-
Operating
Income
(margin)
-4.4
9.8
5.9
16.5
22.5
32.4
(-1.7%)
(5.9%)
(5.5%)
(10.2%)
(8.3%)
(7.4%)
(-1.7%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ FY2013 Results ]
・ Favorable results for industrial applications
pp
such as mega-solar
g
power ggeneration in the Japanese
p
p
market
・ Overseas developer businesses contributed to the increase in sales and profit
[ Onward Actions ]
・ A significant drop in sales and an operating loss are anticipated due to decreases in the number of
overseas developer business projects and sales of domestic residential applications as well as an increase
in imported component and material costs due to the yen depreciation
・ Work to improve profitability by expanding the EPC sales ratio and shift to IPP/O&M and other energy
solution business
19
Business Solutions
(Billions of Yen)
FY2012
Full Year
Sales
Operating
Income
(margin)
296.9
FY2013
1H
158.4
3Q
2H
4Q
77.1
FY2014
83.3
160.4
Full Year
Change
(Y on Y)
318.8
+7.4%
+25.5%
24.3
15.9
6.1
8.4
14.6
30.5
(8.2%)
(10.1%)
(8.0%)
(10.2%)
(9.1%)
(9.6%)
Full Year
Forecast
Change
(Y on Y)
340.0
+6.6%
26.0
-14.9%
(7.6%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ FY2013 Results ]
・ In addition to favorable results overseas in MFPs, information displays grew both domestically and
overseas
[ Future Expectations and Initiatives ]
・ Continue to maintain profit stability even though operating income is expected to decrease due to
competitive environment intensification
・ Expand convenience store content print services and introduce new services
・ Expand high-speed MFPs in developed countries and strengthen sales of color MFPs in emerging
countries
・ Increase the lineup of digital signage mostly in large sizes
・ Develop new customers by offering solution proposals through combinations of MFPs and displays
20
LCDs
(Billions of Yen)
FY2012
Full Year
FY2013
1H
3Q
FY2014
2H
4Q
Full Year
Full Year
Forecast
Change
(Y on Y)
Change
(Y on Y)
Sales
846.8
478.5
277.5
234.9
512.5
991.0
+17.0%
1,000.0
+0.9%
Operating
Income
-138.9
8.6
26.0
6.9
32.9
41.5
-
55.0
+32.2%
(-16.4%)
(1.8%)
(9.4%)
(2.9%)
(6.4%)
(4.2%)
(margin)
(5.5%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ FY2013 Results ]
・ Small- and medium-size LCDs mostly for smartphones grew
・ Attained a significant
g
increase in earnings
g thanks in part
p
to contributions from p
patent related and other
engineering business
[ Onward Actions ]
・ Expand the small- and medium-size LCD production ratio at the Kameyama No.2 Plant (will increase to
50% by the end of 1H FY2014) and increase the inch size of large LCD panels
・ Strengthen offering solution proposals through combinations of LCDs and electronic devices in step
with major clients and new customer needs
21
Electronic Devices
(Billions of Yen)
FY2012
Full Year
Sales
Operating
Income
(margin)
270.6
FY2013
1H
3Q
147.8
2H
4Q
106.4
FY2014
72.0
Full Year
178.5
Full Year
Forecast
Change
(Y on Y)
326.3
+20.6%
-
-15.5
5.2
4.2
-6.1
-1.9
3.2
(-5.7%)
(3.5%)
(4.0%)
(-8.6%)
(-1.1%)
(1.0%)
Change
(Y on Y)
450.0
+37.9%
15.0
4.6-fold
(3.3%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ FY2013 Results ]
・ Strong results from camera modules for mobile devices such as smartphones
Low sales of p
profitable models and LED device inventoryy disposals,
p
, amongg other factors,, led to a deficit
in the second half, however, a profit was secured over the full year
[ Onward Actions ]
・ Approach customers by offering solution proposals through combinations of LCDs and electronic
devices
・ Bolster sales of our distinctive devices such as light and proximity sensors for mobile devices and
touchscreen systems
・ Fortify application development of sensing devices to be applied in home, monitoring (security), invehicle and medical fields
22
Ⅳ. Supplementary Data
23
Sales of Main Products and Electronic Components
(Billions of Yen)
FY2012
Full Year
FY2013
Full Year
FY2014
Change
(Y on Y)
Full Year
Forecast
Change
(Y on Y)
388.4
413.8
+6.6%
440.0
+6.3%
8.03
7.81
-2.7%
8.20
+4.9%
229.6
205.5
-10.5%
220.0
+7.0%
6.11
5.51
-9.8%
6.30
+14.3%
Refrigerators
87.9
95.7
+8.8%
106.0
+10.7%
Air Conditioners
59 6
59.6
68 9
68.9
+15 5%
+15.5%
75 0
75.0
+8 8%
+8.8%
Solar Cells
259.9
439.0
+68.9%
290.0
-33.9%
Volume (MW)
1,319
2,098
+59.1%
2,000
-4.7%
Copiers / Printers
128.4
134.4
+4.6%
147.0
+9.4%
CCD / CMOS Imagers
153.5
218.1
+42.1%
310.0
+42.1%
LCD TVs
Unit
(million units)
Mobile Phones
Unit
(million units)
24
Overseas Sales by Region
Top: Sales (Billions of Yen)
Bottom: Composition Ratio (%)
FY2012
FY2013
Full Year
Full Year
Change
g ((Y on Y))
355.2
468.4
24.1%
26.4%
174.3
144.8
11.9%
8.1%
667.9
925.3
45 4%
45.4%
52 1%
52.1%
273.7
238.4
18.6%
13.4%
1,471.3
1,777.0
100.0%
100.0%
+31.9%
The Americas
-17.0%
Europe
+38.5%
China
-12.9%
Other
+20.8%
Total
25
Other Information
(Billions of Yen)
FY2012
Full Year
Capital Investment
82.4
FY2013
FY2014
Change
(Y on Y)
Full Year
49.4
-40.0%
Full Year
Forecast
Change
(Y on Y)
80.0
+61.8%
52.0
23.5
-54.8%
35.0
+48.7%
Depreciation and Amortization
173.3
114.6
-33.9%
120.0
+4.7%
R&D Expenditures
137.9
132.1
-4.2%
140.0
+6.0%
LCDs
Exchange Rate
FY2012
FY2013
FY2014
Full Year
Full Year
Full Year Forecast
U.S. Dollar
¥82.11
¥99.24
¥104.00
Euro
¥105.65
¥132.88
¥138.00
End Mar.
2013
End Mar.
2014
50,647
50,253
Domestic
24,758
24,118
Overseas
25,889
26,135
Number of Employees*
* Sharp Corporation and Consolidated Subsidiaries
26