Message from the Chairman and President
Establishing SHARP, a powerful corporate brand representing a company closest to people and society, constantly proposing new value
August 2021 marked five years since the launch of Sharp’s new management structure. During those five years the business environment was affected by a number of changes that went beyond anything anticipated, including Covid-19 and trade friction between the United States and China. Nevertheless, amidst all of this, Sharp worked to steadily improve business performance, completing a round of management reforms and pursuing the next 100 years of sustainable growth. Once again, we want to thank every one of our stakeholders for your support of Sharp.
Last year’s Covid-19 pandemic confronted the world with an unprecedented crisis, but, thanks to the tireless efforts of medical personnel and others around the world, it is a crisis that humanity is slowly but surely overcoming. Sharp has also been a contributor to society’s fight against Covid-19, providing masks and other health-related products, and these efforts will be both continued and expanded upon with the aim of helping realize a safer and more secure world.
The pandemic has also been a catalyst for major change in society, including growing demand for a more stay-at-home lifestyle, greater focus on health and hygiene, spreading adoption of telework, development of ICT-driven learning, an accelerating trend towards online medical consultations and telemedicine, and increasing digital transformation of stores and factories. All of this is affecting how people look at the world, how they live, and how they work, and it is driving urgent demand for the creation of a “new normal.” This is in addition to the various other issues facing society that require urgent action by the international community, such as achieving carbon neutrality, addressing medical and nursing care problems, and resolving labor shortages.
It is in this context that Sharp, with a business vision of “Changing the World with 8K+5G and AIoT*1,” is working in collaboration with a variety of companies to create innovative services and solutions centered on 8K, 5G, AI, IoT, robotics, and other cutting-edge technologies in the eight priority business areas of smart homes, smart offices, healthcare, entertainment, education, industry, security, and mobility. Through such initiatives, Sharp is helping to address the issues facing contemporary society and, thereby, establish itself as a powerful corporate brand in touch with people and society and constantly providing them with new value.
Sharp is also committed to stronger, ongoing efforts focused on ESG, seeking through its business activities to contribute to achieving the Sustainable Development Goals (SDGs) advocated by the United Nations as well as to reliably fulfilling the corporate social responsibilities of a global brand.
Specifically, with regard to the environment, Sharp is working to reduce CO2 emissions, generate more clean energy, and reduce its environmental burden in line with SHARP Eco Vision 2050, which was formulated in February 2019 and establishes long-term goals to be achieved by 2050. With regard to society, Sharp is contributing through business activities centered on eight priority business areas and is working hard to integrate CSR across the entire supply chain. As for governance, Sharp is continually working to improve the functionality of its Board of Directors and to engage in sustained dialogue with its stakeholders, striving to cultivate the sort of corporate governance that leads to improved corporate value.
As a signatory to the United Nations Global Compact*2, Sharp continues to support the 10 Principles in the areas of human rights, labor, the environment, and anti-corruption.
It has been previously announced that Sharp found inappropriate accounting taking place at its consolidated subsidiary, Kantatsu Co., Ltd., and its subsidiaries. In response, Sharp convened an investigative committee in December 2020, which contained outside lawyers and certified public accountants, and the results of this committee’s investigation were delivered in March 2021. Sharp views this as a serious matter that represents a failure in the effective functioning of internal control for the Sharp Group, and it is thoroughly reviewing and reinforcing compliance-related practices, revising operational processes, strengthening Group governance, and implementing other specific reoccurrence prevention measures in line with the committee’s report.
A key component of Sharp’s business philosophy is that “our future prosperity is directly linked to the prosperity of our customers, dealers and shareholders.” Sharp will continue to put these words into practice by working together with all of its stakeholders to address the issues that face society and, thereby, contribute to the realization of a more sustainable society.
- *1 AIoT is a word coined by Sharp, combining the words AI (artificial intelligence) and IoT (Internet of things). AIoT is a vision of how products and services will connect to artificial intelligence via the cloud and become a people-oriented existence. AIoT is a registered trademark of Sharp.
- *2 Signed in June 2009.