Earnings quality
Compare earnings and operating cash flow for earnings quality.
Sharp Corporation
Ticker 6753 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-23 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
operating margin is 2.6%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin2.6%
Equity ratio—
Last priceJPY 572
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
シャープ株式会社 is a Japanese listed company whose core business is the manufacture and sale of electronic components, based on its annual securities report business description.
- electronic components
Segments Smart Life · Smart Workplace · Total Of · Smart Office · Display Device · Smart Life And Energy
Compare trends
No phone/email found in this filing · Filing date 2026-06-23
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.2T | ¥1.9T |
| Cost of sales* | ¥1.8T | ¥1.5T |
| Gross profit | ¥405.7B | ¥420.8B |
| Operating profit (loss) | ¥27.3B | ¥48.6B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥17.9B | ¥15.1B |
| Profit (loss) | ¥35.8B | ¥48.3B |
| Profit (loss) attributable to owners | ¥36.1B | ¥47.4B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥242.7B | ¥230.5B |
| Current assets | ¥979.8B | ¥949.4B |
| Non-current assets | ¥473.9B | ¥478.9B |
| Total assets | ¥1.5T | ¥1.4T |
| Short-term borrowings | ¥111.3B | ¥432.3B |
| Current liabilities | ¥756.9B | ¥1.0T |
| Non-current liabilities* | ¥529.1B | ¥87.6B |
| Total liabilities | ¥1.3T | ¥1.1T |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | -¥1.6B | -¥191.0M |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥74.8B | -¥105.8B |
| Net increase (decrease) in cash | ¥23.6B | -¥12.2B |
| Cash at end of period | ¥242.7B | ¥230.5B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥2.5T | ¥2.5T | ¥2.3T | ¥2.2T | ¥1.9T | |
| Operating profit | ¥115.0B | -¥30.5B | -¥7.1B | ¥17.7B | ¥58.0B | |
| Profit to owners | — | — | — | ¥36.1B | ¥47.4B | |
| Total assets | ¥2.0T | ¥1.8T | ¥1.6T | ¥1.5T | ¥1.4T | |
| Cash & equivalents | — | — | ¥219.1B | ¥242.7B | ¥230.5B | |
| Owners’ equity | ¥469.3B | ¥222.4B | ¥157.4B | ¥167.7B | ¥295.3B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from ¥2.2T to ¥1.9T (▼ -12.4%), so the top line did not break. Gross profit only slipped from ¥405.7B to ¥420.8B, while operating profit swung from ¥27.3B to ¥48.6B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still -¥191.0M (prior -¥1.6B), and cash on the balance sheet rose to ¥230.5B from ¥242.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥1.1T while owners’ equity fell to —. ROE moved from 24.4% to 21.9%, and the equity ratio from 10.5% to 19.6%. Employee count is 34,549 vs 40,123 a year earlier.
Liquidity & leverage
Short-term borrowings jumped from ¥111.3B to ¥432.3B; watch refinancing and working-capital pressure even with a larger cash balance.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YHZV
(シャープ株式会社), period end 2026-03-31.