Essay about Ba Assign 1

Submitted By AngGilson
Words: 724
Pages: 3

Profit
Cash Flow
Revenue
-the company posted a ¥249.1 billion ($3.12 billion) loss for its latest quarter
-. For this year's quarter, which ran through September,
Sharp logged a special loss of ¥84.4 billion on restructuring costs and wrote down its deferred tax assets by ¥61 billion.
- The net loss of the company was JPY 376,076.00 million during the fiscal year 2012, as against a net profit of JPY 19,401.00 million during 2011.
-

-The company said it is burning through more cash than it is generating and noted difficulty in securing short-term financing.
-Sharp shares fell 1.7% and Sony's fell 4.1% in Tokyo on
Thursday.
-Sharp's shares are down 75% this year
- The operating loss of the company was JPY 207,562.00 million during the fiscal year 2012, as against an operating income of
JPY 67,872.00 million during 2011.

-Revenue fell 4% to ¥645.5 billion.
-The company reported revenues of (Yen) JPY
2,455,850.00 million during the fiscal year ended March
2012, a decrease of 18.73% from 2011.

- a major portion of its revenue comes from japan.
-Japan accounts for 48.1% of total revenue.
Sharp's ¥249.1 billion loss for its fiscal second quarter compared with a profit of ¥9.4 billion a year earlier.
-Sharp in August said it would cut 5,000 jobs from its global workforce, the first layoffs at the company since 1950. It also has cut salaries, sold assets, and scaled back investments. In an effort to ease the overcapacity at its factories, Sharp in July sold a 38% stake in a LCD-panel plant in
Sakai, Japan, to Hon Hai Chief Executive Terry Gou.
-Sharp transacts business is different currencies around the world including American dollar, China Renminbi Hong Kong dollar, and others. The functional currency of the company is the Japanese Yen (JSP) which has weak exchange rates against all major currencies.

-One hurdle is to secure funding to redeem a ¥200 billion convertible bond due next September. Sharp's current cash holding isn't sufficient to cover the redemption, raising the stakes for negotiations over a possible capital injection from Taiwanese contract manufacturer Hon Hai Precision Industry Co. or other potential partners. Hon Hai had agreed to take a stake in Sharp but a deal hasn't been ironed out.
- It established a string of plants across Japan tobuild liquid-crystal-display panels, banking on steady growth of its own TV-set business and that of customers forwhom it supplied large LCD panels. When the market slowed, Sharp was saddled with excess capacity and the company's losses ballooned.
- The company’s liquidity (current ratio, quick ratio, and cash ratio) decreased compared to 2011 - The company suffered from weak demand across most of its largest product lines -- television sets, LCD screens and solar panels -- with a strong yen hurting cost-competitiveness. (PQ)
- Underscoring the difficult conditions, the world's No. 5 maker of TV sets said last week that it will replace President Mikio Katayama with Takashi Okuda, a 34-year company veteran and the head of its overseas operations. "Even