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