New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. High level of non-cash earnings (36% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Buy Or Sell Opportunity • Apr 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to JP¥593. The fair value is estimated to be JP¥758, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.7% per annum. Earnings are also forecast to decline by 22% per annum over the same time period. Announcement • Apr 14
Brisk India Private Limited entered into a Share Purchase Agreement to acquire 75% stake in Sharp India Limited (BSE:523449) from Sharp Corporation (TSE:6753) for approximately INR 190 million. Brisk India Private Limited entered into a Share Purchase Agreement to acquire 75% stake in Sharp India Limited (BSE:523449) from Sharp Corporation (TSE:6753) for approximately INR 190 million on April 14, 2026. Upon the execution of the SPA, the Buyers shall make an Open Offer to the public shareholders of the Sharp India Limited in accordance with SEBI. Pursuant to the completion of transactions under the SPA (which is subject to the terms set out thereunder), the Sellers will cease to be in control of the Company and will no longer hold any shares in the Company. Announcement • Apr 11
Sharp Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Sharp Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Buy Or Sell Opportunity • Apr 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to JP¥611. The fair value is estimated to be JP¥777, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.7% per annum. Earnings are also forecast to decline by 22% per annum over the same time period. Announcement • Mar 03
Sharp Corporation (TSE:6753) agreed to acquire Synapse Innovation Inc. from Osaka Small and Medium Business Investment & Consultation Co., Ltd. and Angel Bridge Co., Ltd. and Employee Stock Ownership Plan, 10 other individual shareholders for ¥3.8 billion. Sharp Corporation (TSE:6753) agreed to acquire Synapse Innovation Inc. from Osaka Small and Medium Business Investment & Consultation Co., Ltd. and Angel Bridge Co., Ltd. and Employee Stock Ownership Plan, 10 other individual shareholders for ¥3.8 billion on March 2, 2026. A cash consideration of ¥3.8 billion will be paid by Sharp Corporation. As part of consideration, ¥3.8 billion is paid towards common equity of Synapse Innovation Inc.
For the period ending March 31, 2025, Synapse Innovation Inc. reported total revenue of ¥2.27 billion, EBIT of ¥10 million and net income of ¥21 million. As of March 31, 2025, Synapse Innovation Inc. reported total assets of ¥1.48 billion and total common equity of ¥653 million.
The expected completion of the transaction is March 23, 2026. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. High level of non-cash earnings (36% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Feb 11
Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2026 results: EPS: JP¥33.94 (up from JP¥40.89 loss in 3Q 2025). Revenue: JP¥467.4b (down 17% from 3Q 2025). Net income: JP¥22.0b (up JP¥48.6b from 3Q 2025). Profit margin: 4.7% (up from net loss in 3Q 2025). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 107%. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 20
Sharp Corporation to Report Q3, 2026 Results on Feb 10, 2026 Sharp Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Major Estimate Revision • Dec 18
Consensus EPS estimates increase by 27%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥1.92t to JP¥1.88t. EPS estimate rose from JP¥68.66 to JP¥87.33. Net income forecast to shrink 22% next year vs 9.0% growth forecast for Consumer Durables industry in Japan . Consensus price target up from JP¥660 to JP¥695. Share price was steady at JP¥771 over the past week. Reported Earnings • Nov 11
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: JP¥28.09 (down from JP¥37.34 in 2Q 2025). Revenue: JP¥477.9b (down 15% from 2Q 2025). Net income: JP¥18.2b (down 25% from 2Q 2025). Profit margin: 3.8% (down from 4.3% in 2Q 2025). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 105%. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 19
Sharp Corporation to Report Q2, 2026 Results on Nov 10, 2025 Sharp Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥56.00 to JP¥64.36. Revenue forecast steady at JP¥1.94t. Net income forecast to shrink 39% next year vs 7.6% growth forecast for Consumer Durables industry in Japan . Consensus price target broadly unchanged at JP¥643. Share price fell 4.1% to JP¥846 over the past week. Buy Or Sell Opportunity • Aug 19
Now 21% undervalued Over the last 90 days, the stock has risen 15% to JP¥864. The fair value is estimated to be JP¥1,093, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 3.3% per annum. Earnings are also forecast to decline by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥885, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,092 per share. New Risk • Aug 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Aug 09
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥41.95 (up from JP¥1.98 loss in 1Q 2025). Revenue: JP¥472.5b (down 11% from 1Q 2025). Net income: JP¥27.2b (up JP¥28.5b from 1Q 2025). Profit margin: 5.8% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Jul 17
Sharp Corporation to Report Q1, 2026 Results on Aug 08, 2025 Sharp Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Board Change • Jun 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Outside Independent Director Akira Kiyota was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥767, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥908 per share. New Risk • May 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results. Announcement • Apr 23
Hon Yuan International Investment Co., Ltd. agreed to acquire Sharp Fukuyama Laser Co., Ltd. from Sharp Corporation (TSE:6753) for ¥15.5 billion. Hon Yuan International Investment Co., Ltd. agreed to acquire Sharp Fukuyama Laser Co., Ltd. from Sharp Corporation (TSE:6753) for ¥15.5 billion on April 23, 2025. A cash consideration of ¥15.5 billion will be paid by Hon Yuan International Investment Co., Ltd.
The final schedule depends on the status and progress of obtaining approvals from competition authorities and other government agencies in each country and region. The expected completion of the transaction is September 29, 2025. Announcement • Apr 19
Sharp Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Sharp Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Price Target Changed • Feb 20
Price target increased by 7.6% to JP¥713 Up from JP¥663, the current price target is an average from 7 analysts. New target price is 27% below last closing price of JP¥970. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥25.79 next year compared to a net loss per share of JP¥231 last year. Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: JP¥40.89 loss per share (further deteriorated from JP¥4.53 loss in 3Q 2024). Revenue: JP¥561.5b (down 7.4% from 3Q 2024). Net loss: JP¥26.6b (loss widened JP¥23.6b from 3Q 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Sharp Corporation to Report Q3, 2025 Results on Feb 07, 2025 Sharp Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥37.34 (vs JP¥0.85 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥37.34 (up from JP¥0.85 loss in 2Q 2024). Revenue: JP¥564.5b (down 8.5% from 2Q 2024). Net income: JP¥24.2b (up JP¥24.8b from 2Q 2024). Profit margin: 4.3% (up from net loss in 2Q 2024). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to grow by 1.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Nov 13
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥1,006. The fair value is estimated to be JP¥789, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Oct 22
Sharp Corporation to Report Q2, 2025 Results on Nov 12, 2024 Sharp Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Buy Or Sell Opportunity • Sep 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to JP¥964. The fair value is estimated to be JP¥791, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 13
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: JP¥1.98 loss per share (down from JP¥8.49 profit in 1Q 2024). Revenue: JP¥532.0b (down 1.7% from 1Q 2024). Net loss: JP¥1.29b (down 123% from profit in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to grow by 1.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Jul 26
Sharp Corporation to Report Q1, 2025 Results on Aug 09, 2024 Sharp Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Buy Or Sell Opportunity • Jul 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥954. The fair value is estimated to be JP¥790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to JP¥958. The fair value is estimated to be JP¥790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to JP¥970. The fair value is estimated to be JP¥806, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: JP¥231 loss per share (improved from JP¥407 loss in FY 2023). Revenue: JP¥2.32t (down 8.9% from FY 2023). Net loss: JP¥150.0b (loss narrowed 43% from FY 2023). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • May 16
Sharp Corporation, Annual General Meeting, Jun 27, 2024 Sharp Corporation, Annual General Meeting, Jun 27, 2024. Buy Or Sell Opportunity • May 07
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JP¥860. The fair value is estimated to be JP¥706, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 27
Sharp Corporation to Report Fiscal Year 2024 Results on May 15, 2024 Sharp Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Announcement • Apr 10
SHARP Appoints Sujai Karampuri as the Chairman for Its India Business SHARP has announced the appointment of Sujai Karampuri as the Chairman for its India Business, effective 1 March, 2024. Sujai Karampuri shall spearhead the Display Business, and elevate Sharp's brand presence in India, and most importantly bring strategic partnerships in manufacturing and technology transfer of SHARP's sophisticated engineering products, components, and solutions. Bringing with him a distinguished record in strategic business and technology development across various sectors such as Electronics & Semiconductors, Broadband, and Wireless communications, Mr. Karampuri will steer SHARP's endeavours to expand its footprint in India in Display, promote brand business of its consumer electronics, while also focusing on developing strategic partnerships in manufacturing, technology transfer, and development of smartphone components, camera modules, TV panels, precision engineering solutions, sensors, and semiconductors. With extensive leadership experience within the State Government of Telangana, including roles as Director of Electronics and Semiconductor, CEO of T-Works, and Managing Director of Telangana Fiber Grid Corporation, Mr. Karampuri's appointment heralds a new era of strategic cooperation, innovation and growth for SHARP in India. Buy Or Sell Opportunity • Apr 04
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to JP¥857. The fair value is estimated to be JP¥707, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 18
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to JP¥831. The fair value is estimated to be JP¥692, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 14
Pioneer Corporation agreed to acquire 34% stake in Pioneer Digital Design and Manufacturing Corporation from Sharp Corporation (TSE:6753) Pioneer Corporation agreed to acquire 34% stake in Pioneer Digital Design and Manufacturing Corporation from Sharp Corporation (TSE:6753) on March 13, 2024. Prior to the transaction, Pioneer Corporation held 66%. Reported Earnings • Feb 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: JP¥4.53 loss per share (improved from JP¥27.16 loss in 3Q 2023). Revenue: JP¥606.4b (down 14% from 3Q 2023). Net loss: JP¥2.94b (loss narrowed 83% from 3Q 2023). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Jan 25
Sharp Corporation to Report Q3, 2024 Results on Feb 06, 2024 Sharp Corporation announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: JP¥0.85 loss per share (improved from JP¥25.71 loss in 2Q 2023). Revenue: JP¥617.1b (down 11% from 2Q 2023). Net loss: JP¥551.0m (loss narrowed 97% from 2Q 2023). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Nov 09
Sharp Corporation Introduces New Color Models of their Electronic Paper Display ePosters Sharp Corporation introduced new color models of their electronic paper display ePosters that will be unveiled during the SHARP Tech-Day at the Tokyo Big Sight International Exhibition Center, November 10-12. The new ePoster combines an IGZO backplane with E Ink Spectra™ 6, which offers an expanded color gamut, enabling greater color saturation and contrast. This launch marks the ongoing collaboration between Sharp and E Ink that is focused on pairing their leading technologies to deliver ePosters to the world and combining the benefits of digital innovation and sustainable development. This is the first ePoster display integrated with the E Ink Spectra™ 6 ePaper platform, which was engineered to create a full-color print-quality digital replacement for paper. The Sharp ePoster offers a high-visibility paper-like display that doesn’t consume energy to maintain an image. E Ink ePaper is so efficient it can be powered off batteries—completely free from the grid—paired with the ePoster’s lightweight hardware allows flexibility in deployments and installations. In addition to ePosters, Sharp will also be exhibiting an 8-inch color ePaper display equipped with IGZO technology for e-book readers and e-notebooks at SHARP Tech-Day. With the priority on sustainable development and ESG initiatives, E Ink’s ePaper features of sunlight readability, low power consumption, and compatibility with solar power systems, make it a sustainable display technology. Announcement • Oct 21
Sharp Corporation to Report Q2, 2024 Results on Nov 08, 2023 Sharp Corporation announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: JP¥8.49 (down from JP¥43.40 in 1Q 2023). Revenue: JP¥541.2b (down 3.7% from 1Q 2023). Net income: JP¥5.51b (down 80% from 1Q 2023). Profit margin: 1.0% (down from 4.8% in 1Q 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jul 29
Sharp Corporation to Report Q1, 2024 Results on Aug 04, 2023 Sharp Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Yutaka Nakagawa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jun 14
Price target decreased by 8.2% to JP¥724 Down from JP¥788, the current price target is an average from 11 analysts. New target price is 10% below last closing price of JP¥806. Stock is down 21% over the past year. The company is forecast to post earnings per share of JP¥9.78 next year compared to a net loss per share of JP¥407 last year. Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥407 loss per share (down from JP¥121 profit in FY 2022). Revenue: JP¥2.55t (up 2.1% from FY 2022). Net loss: JP¥260.8b (down 453% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 12
Sharp Corporation, Annual General Meeting, Jun 27, 2023 Sharp Corporation, Annual General Meeting, Jun 27, 2023. Reported Earnings • Feb 10
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: JP¥27.16 loss per share (down from JP¥46.37 profit in 3Q 2022). Revenue: JP¥709.1b (up 4.9% from 3Q 2022). Net loss: JP¥17.6b (down 162% from profit in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 08
Consensus EPS estimates increase by 216% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥21.45 to JP¥67.80. Revenue forecast steady at JP¥2.55t. Net income forecast to shrink 9.8% next year vs 11% growth forecast for Consumer Durables industry in Japan . Consensus price target broadly unchanged at JP¥840. Share price fell 12% to JP¥946 over the past week. Major Estimate Revision • Jan 26
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥25.95 to JP¥22.80 per share. Revenue forecast steady at JP¥2.55t. Net income forecast to shrink 41% next year vs 16% growth forecast for Consumer Durables industry in Japan . Consensus price target broadly unchanged at JP¥845. Share price rose 5.3% to JP¥1,056 over the past week. Announcement • Jan 20
Sharp Corporation to Report Q3, 2023 Results on Feb 07, 2023 Sharp Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Major Estimate Revision • Nov 21
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥50.79 to JP¥41.02 per share. Revenue forecast steady at JP¥2.57t. Net income forecast to shrink 23% next year vs 11% growth forecast for Consumer Durables industry in Japan . Consensus price target broadly unchanged at JP¥845. Share price was steady at JP¥978 over the past week. Reported Earnings • Nov 18
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: JP¥25.71 loss per share (down from JP¥34.14 profit in 2Q 2022). Revenue: JP¥695.8b (up 15% from 2Q 2022). Net loss: JP¥16.6b (down 180% from profit in 2Q 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Yutaka Nakagawa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 07
Price target decreased to JP¥846 Down from JP¥918, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥859. Stock is down 35% over the past year. The company is forecast to post earnings per share of JP¥63.44 for next year compared to JP¥121 last year. Reported Earnings • Nov 06
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: JP¥25.71 loss per share (down from JP¥34.14 profit in 2Q 2022). Revenue: JP¥695.8b (up 15% from 2Q 2022). Net loss: JP¥16.6b (down 180% from profit in 2Q 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.