Sharp (6753) Q4 2024 earnings summary

Executive summary

• FY2024 net sales fell 8.9% YoY to ¥2,321.9bn; operating loss narrowed to ¥20.3bn from ¥25.7bn, while net loss attributable to owners narrowed to ¥150.0bn from ¥260.8bn.

• Operating cash flow increased to ¥124.5bn from ¥14.7bn; year-end cash and cash equivalents rose to ¥219.1bn.

Financial highlights

• Gross profit increased to ¥347.9bn from ¥330.8bn as net sales declined to ¥2,321.9bn from ¥2,548.1bn.

• Ordinary loss narrowed to ¥7.1bn from ¥30.5bn; comprehensive loss narrowed to ¥64.4bn from ¥262.4bn.

• Profit attributable to owners remained a loss of ¥150.0bn; loss per share was ¥230.99 versus ¥407.31.

Outlook and guidance

• FY2025 forecast: net sales ¥2,100bn, down 9.6%; operating profit ¥10bn, ordinary profit ¥10bn, and profit attributable to owners ¥5bn; EPS ¥7.70.

• FY2025 year-end dividend per share had not been decided at the announcement date.