[Translation]
To Whom It May Concern
February 17, 2017
Company Name: Sharp Corporation Representative: J.W. Tai
(Code No. 6753)
Notice of Revision of Financial Results Forecast for the Fiscal Year Ending March 31, 2017Sharp Corporation ("the Company") announces the revision of its financial results forecast for the year ending March 31, 2017 as follows.
Revision of financial results forecast
Revision of forecast of the consolidated financial results for the year ending March 31, 2017 (April 1, 2016 to March 31, 2017)
Net Sales
Operating Income (Loss)
Profit (Loss) attributable to owners of parent
Net Income (Loss) per Share
(Millions of yen)
(Millions of yen)
(Millions of yen)
(yen)
Forecast previously announced (A)
2,050,000
37,300
(37,200)
(9.65)
Revised forecast (B)
2,050,000
47,400
(27,100)
(7.36)
Change (B-A)
0
10,100
10,100
2.29
Rate of change (%)
0.0
27.1
-
-
(Ref.) Results for the year ended March 31, 2016
2,461,589
(161,967)
(255,972)
(154.64)
Reason for revision
The Company has revised the forecasts for operating income and profit attributable to owners of parent previously announced on February 3, 2017 as above. The reason for this revision is due to an amendment agreement on the purchase of raw material that is expected to contribute to the decrease of valuation reserve for inventory purchase commitments and cost of sales*.
* Please see "Notice Regarding Decrease in Cost of Sales (Reserve)" published today.
Note: The aforementioned estimates of financial results are based on information available and deemed reasonable to the Sharp Group at the time of announcement and are not commitments made by the Sharp Group. Actual operating results may differ materially from the forecast due to various factors. The factors that may influence the figures for final reported business results include, but are not limited to:
・The economic situation in which the Sharp Group operates
・Sudden, rapid fluctuations in demand for products and services, as well as intense price competition
・Changes in exchange rates(particularly between the yen and the U.S. Dollar, the Euro and other currencies)
・Regulations such as trade restrictions in other countries
・The progress of collaborations and alliances with other companies
・Litigation and other legal proceedings against the Sharp Group
・Rapid technological changes in products and services, etc.
Sharp Corporation published this content on 17 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 February 2017 00:06:08 UTC.
Original documenthttp://www.sharp-world.com/corporate/ir/topics/pdf/170217-2.pdf
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