Sharp
JMR has just issued an update to its Sharp case available
here (in Japanese) for subscribers to the Japanese site.
Consolidated results for the FY3/2010 ending year results are in and show that sales were Yen 2.75 trillion (US$30.4 billion), a 3.2% decline from the prior year; recurring profit Yen 51.9 billion and net profit Yen 30.9 billion. The recurring and net figures put the company back into the black, after having suffered a loss in FY 2009. Front-loaded demand for LCD TVs and air conditioners due to the government's "echo point" rebate system helped to pushed up sales. Sharp's reorganization plan conducted in the fiscal year ending 4/2009 set a target of Yen 1 trillion to be sold by its white goods, health, environmental products (chiefly solar panels) units. Going forward Sharp's strategy is to base its overseas activities on "local production for local consumption," a policy that alleviates the forex exposure associated with being a large scale exporter of home electronics.
Sample of page 1 of the case
to enlarge click picture
