Digital imaging accessories: lcd protector (1 page)
Summary of Contents for Sony MPK-THC O-ring
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The fun of discovery; the joy of creation; technology that goes beyond “convenience” to touch the hearts – these concepts have driven Sony since its founding. Quest for Curiosity: QRIO. QRIO embodies Sony’s dreams and most advanced technologies in recognition, motion control, communications, IT and AI. Through QRIO’s continued growth and development, Sony will pursue the infinite possibilities of curiosity.
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— thereby differentiating them from the rest of the market. We are planning to introduce more products that will be recognized as distinctly “Sony” in both the home and mobile electronics categories, as well as innovative services, including an online music distribution service.
Sony cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. You also should not rely on any obligation of Sony to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Some people believe that today’s remarkable pace of change makes this a time of chaos. At Sony, however, we believe this is a time of unlimited possibilities and opportunities. In this environment, it is vital that we initiate reforms in order to remain a youthful, energetic –...
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“Transformation 60” — a group-wide mid-term corporate strategy “Transformation 60” has set in motion sweeping reforms for the entire Sony Group. The objective is to ensure that Sony remains as one of the world’s leading consumer brands in the 21st century by developing attractive products, content and services.
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What are Sony’s primary objectives for the fiscal year ending March 31, 2005? I view the current fiscal year as a time for Sony to firmly execute the fundamental strategies that were formulated in the previous fiscal year.
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Phase 2 structural reforms are a vital element of “Transformation 60.” Here, President Kunitake Ando discusses these reforms and his vision of Sony’s future Structural reforms are an important element of “Transformation 60” (TR60), Sony’s mid-term corporate strategy.
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The Sony Group is fortunate to have employees who have the motivation to embrace these chal- lenges. Our reforms and growth strategy, progress- ing side by side, will ensure that Sony continues to grow as a leading company on the global stage. (as of May 2004)
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Building a powerful operating framework through structural reforms Phase 2 Structural Reforms (1) Intensifying our focus on strategic businesses (2) Accelerating reform in global manufacturing activities (3) Streamlining administrative, sales and marketing operations (4) Transforming design processes, quality management and the procurement of production materials (5) Restructuring the procurement strategy for non- production materials...
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A fascination with innovation When Sony comes out with a new product, I buy it immediately. I recall buying the first Sony Walkman and CD player as soon as they went on sale in Europe. I also bought the first SACD (Super Audio CD) player model and the very first VAIO PC, even though the instruction manual was only available in Japanese.
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This statement of the purpose of incorporation from Sony’s Founding Prospectus continues to define “Sony’s DNA,” guiding the activities of Sony engineers who develop new technologies and products. Today, those tackling the challenge of devising new Sony products are motivated by a single thought—to create unique...
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Memory Stick for viewing on cellular phones or personal digital assistants. With its firm commitment to both picture quality and ease of use, Sony achieved the leading share of the global television market* in the fiscal year ended March 31, 2004.
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Introducing a DVD recorder with intelligent recording functionality Sony has earned a solid reputation for devising new ways to record television programs through the launch of such products as the Clip-On hard disk recorder and the CoCoon channel server. As...
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The achievement of a team of engineers who were willing to tackle unprecedented challenges, PSX is the first product line to result from Sony’s conver- gence of its electronics and game technologies. Yuichi Yazawa Kenji Matsuoka...
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Never before could a PC have delivered this kind of enjoyment But even then, Sony’s engineers chose not to stop If VAIO type V can be used like a television, then why can’t it also be used, at the user’s discretion,...
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Carl Zeiss lens The newly designed folded-optics lens system was jointly developed by Sony and Carl Zeiss. The system was designed specifically to keep the lens within the camera body and features a 3x optical zoom. Another unique feature is the Magnifying Mode, which allows users to shoot objects from as close as a centimeter away.
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Sony’s next goal was to make an even smaller DVD Handycam so that even more people could enjoy this technology, and a project team was established with this aim in mind.
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The future of key components To reinforce its competitive strength in its core electronics business, Sony is seeking to differ- entiate its products by implementing a vertically integrated business model that incorporates internally produced proprietary semiconductors, modules and components. Key components include Cell, a next generation, multi-purpose microprocessor;...
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Sony’s competitiveness. “Sony’s goal is to be a manufacturer of the world’s preeminent semiconductors” Interview with Ken Kutaragi, Executive Deputy President, Corporate Executive Officer...
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Image sensors Tapping the strengths of CCD and CMOS image sensors Sony has the leading share of the global mar- ket for CCDs. This key component not only supports our lineup of mobile products, such as digital still cameras and video cameras, but also contributes to profitability through sales to external customers.
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Cybershot, VAIO PCs and the video camera Handycam, more slender and compact. There is no doubt that these batteries will play a greater role in Sony’s strategy to dif- ferentiate its mobile products by making them even slimmer and lighter.
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Blu-ray Disc, DVD and CD. In addition to reducing the number of components re- quired and decreasing its size, Sony is striving to increase the optical pickup’s reliability and productivity, in order to rapidly commercialize this product.
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When I was growing up, like most people in Japan, I was fascinated by American culture. The Sony Plaza in Ginza was like a variety store offering a slice of American life. It was an ideal place to see the kinds of things you couldn’t find in Japan back then and I often went there.
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& d e v e l o p m e n t Sony’s DNA: Freedom and open-mindedness Sony has created an environment of freedom and open-mindedness in which its researchers and developers can give free rein to their imaginations while managing research and development by effi- ciently focusing management resources in strategic fields Sony’s R&D strategy...
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Displays Display technology has been a Sony core tech- nology since the days of the CRT, when Sony created its highly acclaimed Trinitron system. Sony is developing next generation display technologies for LCDs, organic electrolumines- cence (OEL) and projectors to best match differing market requirements in terms of screen size and product category.
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Since the founding of our company, Sony has always sought to deliver new qualia—to captivate and move people, bringing them joy and excitement—through our products, content and services. With the “QUALIA Movement”, we express our sincere determination and great joy in introducing new qualia to the world.
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Craftsmanship The art of manufacturing—Adding value and driving Sony’s growth As one element of “Transformation 60,” Sony is taking a fresh look at its past manufacturing practices and conducting a worldwide realignment of manufacturing activities. Engineering and manufacturing capabilities and operating speed are crucial to creating competitive products. By globally reinforcing these capabilities, Sony believes it can bolster its entire product lineup and enhance profitability.
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CLOVER comes into operation: A new information system supporting the integration of sales, manufacturing and distribution operations The new CLOVER information system began operating in May 2004. Adopted by Sony Corporation, Sony Marketing (Japan) Inc. (SMOJ), Sony EMCS Corporation (EMCS) and Sony Supply Chain Solutions, Inc.
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*The official name of the facility is “Sony Computer Entertainment Fab.“ Following the integration of the semiconductor production businesses of the Sony Group, the name will be changed to “Sony Semiconductor Kyushu Corporation Nagasaki Technology Center” on July 1, 2004.
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200mm wafer in manufacturing process Staff wearing particle-free suits called Clean Suits A vital strategic base for the Sony Group In November 2003, the Semiconductor Solutions Network Company (SSNC) was established within Sony Corporation. This...
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Instead, only the insides of production machines and the SMIF-Pod, where wafers are stored, need to be raised to class 1 level. Thanks to this technology, Sony gained much SMIF technology achieves local clean areas more freedom in the layout of production machinery and management of each process.
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Second is the high degree of freedom in process management afforded by the adoption of SMIF. Third is taking advantage of the fact that a large customer, that is Sony, already exists for the production and shipments of these components. These accom-...
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I use a lot of Sony mobile devices in my work, like a cellular phone and CLIÉ, the personal digital assistant, but I have even more Sony products at home. Inside an antique wooden cabinet in my living room are numerous Sony products, including an AV amplifier, an Airboard location free television, a DVD player, a CS tuner and a PlayStation 2.
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The “Lance Lee Method” for recording athletics I bought my first Sony video camera in the early 1980s. It was quite heavy then. I’m now on my third video camera – Handycam. As I record the children’s movements during gymnastic classes, the video camera’s light...
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Major contributors to the growth in Sales decreased 9%, owing to declining sales to outside customers were prices for MD Walkmans, CD cellular phones, mainly to Sony Walkmans and other portable audio Ericsson, Cybershot digital still products as well as a contraction in the cameras and flat panel televisions.
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Sales to Outside Customers (Billion ¥) (Year ended March 31) Principal Products Aiwa products, entertainment robots, cellular phones (mainly sold to Sony Ericsson), and products and services not included in other categories Fiscal Year in Review Sales increased 14%, mainly as a result...
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(Billion ¥) (Year ended March 31) 1,004 売 Sales 営 Operating Income Description of Business Music business is conducted by Sony Music Entertain- ment Inc. (SMEI) and Sony Music Entertainment (Japan) Inc. (SMEJ). Music http://www.sony.net/music/ EVANESCENCE Fiscal Year in Review •...
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(Year ended March 31) Sales Operating Income Description of Business The Financial Services segment includes Sony Life Insurance Co., Ltd. (Sony Life), Sony Assurance Inc., Sony Bank Inc. and Sony Finance International, Inc. Financial Services Fiscal Year in Review •...
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Sony’s products from those of its competitors and sustaining growth. Through the continued evolution of these key components and their utilization in the develop- ment of attractive new products, Sony aims to maintain its allure as the world’s most fascinating consumer brand.
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By linking up these various kinds of enter- tainment services, and thus creating even more attractive entertainment content, Sony aims to position itself as the world’s leading global media and content company.
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Sony has focused on developing such innovative technologies as Wega Engine and SXRD (Silicon X-tal Reflective Display). Unlike any other company, the Sony Group has an entertainment portfolio comprising motion pictures, music and game, in addition to its electronics business. Through the convergence of these businesses going forward, Sony will continue to strengthen its electronics business.
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Sony and Samsung Electronics establish S-LCD Corporation to jointly mass-produce large size LCD panels Sony is laying the groundwork to mass-produce large size LCD panels, a technology considered to be one of the most important display technologies of the post-CRT television era.
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Sony is retaining high market shares and profitability in these markets. At the same time, Sony is creating new markets by launching many products incorporating revolutionary tech- nologies.
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Established on October 1, 2001 as a 50-50 joint venture between Sony Corporation and LM Ericsson, Sony Ericsson Mobile Communications AB combines the strengths of Sony in the areas of consumer electronics, games, pictures and music with Ericsson’s leading mobile telecommunica- tions technologies.
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PlayStation: The first home-use game console to ship a cumulative 100 million units worldwide In May 2004, Sony Computer Entertainment Inc. (SCE)’s PlayStation (PS) became the first home game console to surpass the 100 million unit mark in cumulative global production shipments for first generation PS and PS one.
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The medium chosen for PSP content is UMD (Universal Media Disc) —Sony’s newly developed ultra-compact optical disc. UMD can store up to 1.8 GB of digital data and is equipped with the latest copyright protection technology.
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Music fans can purchase singles for 99 cents and albums starting at $9.99. In the U.S. alone, Sony has sold more than 2.5 million Walkman-branded devices that are already com- patible with the Connect store. By the end of 2004, that number is expected to increase to nearly 7 million.
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Bertelsmann AG entered into a binding agreement to combine their recorded music businesses in a joint venture. The newly formed company, to be known as Sony BMG, will be 50% owned by each parent company. Sony BMG will combine the recorded music businesses of BMG and Sony Music Entertain- ment (but not the parent companies’...
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Group, the music company supplies mobile products and services in more than 15 countries and develops a number of unique product lines. Among them are Sony Music Box, a next generation on-handset content browsing service; RUNpics, a leading mobile imaging service; and...
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Accomplishing this aim will add value to the Sony brand by linking it more closely with security and trust in the eyes of its customers, while at the same time pro- ducing earnings that contribute to Sony’s...
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Sony Life Sony Life is guided by the slogan “Sony Life Quality.” which expresses the company’s desire for people to understand that, like any other product, quality is a key element in the life insurance industry.
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Inc., will begin selling cellular phones embedded with an IC chip based on FeliCa technology. Contactless IC card FeliCa A web site service for Sony’s Airboard LF-X1 location free television * NetAV is a function made possible through So-net’s Dynamic DNS service (recommended). Content viewed...
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Europe— DVD Handycam Latin America— Net MD Walkman Sony’s Advertising Around the World To promote its products and brand, Sony conducts advertising around the world in a style that matches the cultures and customs of individual countries and regions. Japan—...
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(Chairman) Sakie T. Fukushima* Akihisa Ohnishi Corporate Executive Officers Execute Sony Group business activities within the scope of authority delegated by the Board of Directors Executive Officers / Group Executive Officers / Employees *Outside Director Composition of each corporate governance body...
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Executive Officers, enabling the continued sound and dynamic management of the Sony Group. Corporate Social Responsibility (CSR) As a global organization, the Sony Group conducts its business activities with due consideration of the interests of its various stakeholders, including shareholders, customers, employees, business partners and local communities.
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Executive Deputy President, Corporate Executive Officer Corporate Executive Officer Teruo Masaki Teruhisa Tokunaka Sony Corporation President, Representative Director, Executive Deputy President, Sony Financial Holdings Inc. Corporate Executive Officer Göran Lindahl Sony Corporation Akihisa Ohnishi Sony Corporation CORPORATE EXECUTIVE OFFICERS Nobuyuki Idei...
Consolidated Financial Information Operating and Financial Review and Prospects ......Five-Year Summary of Selected Financial Data ......Quarterly Financial and Stock Information .
Electronics segment increased, and revenue in the Financial Services segment increased due to improvements in valuation gains and losses at Sony Life Insurance Co., Ltd. (“Sony Life”), despite a decrease in sales in the Game, Pictures and Music segments.
During the year ended March 31, 2004, Sony broadened the scope of its worldwide restructuring of the Music segment, which resulted in restructuring charges totaling 10.7 billion yen, compared to 22.4 billion yen in the fiscal year ended March 31, 2003.
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On the other hand, a one time gain was re- corded in the Other segment due to the sale of rights to a portion of the Sony Card portfolio. Cost of sales and selling, general and administrative expenses (SGA) as percentages of sales 74.2...
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March 31, 2004, was higher than the value of the yen at the time that Sony entered into foreign ex- change forward contracts and foreign currency option contracts. These contracts are entered...
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Consolidated ........At the beginning of the fiscal year ended March 31, 2004, Sony partly realigned its busi- ness segment configuration. Expenses incurred...
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(“Other Areas”) by 8 percent. Sales on a yen basis in the U.S. decreased 7 percent. In Japan, mainly due to the strong sales of Sony Ericsson, sales of cellular phones, prima- rily to Sony Ericsson, increased significantly. In addition, sales of charge coupled devices (“CCDs”), which benefited from an expansion...
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13.7 percent, to 557.7 billion yen. The in- crease resulted from a significant increase in sales to Sony Ericsson of mobile phone hand- sets, reflecting an increase in the sales of Sony Ericsson’s handsets. On the other hand, sales of Aiwa products decreased in all regions.
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PlayStation 2 ......... * Including those both from Sony and third parties under Sony licenses.
The newly formed company, which will be known as Sony BMG, will be 50 percent owned by each parent company. It will not include SMEI’s mu- sic publishing, physical distribution and disc manufacturing business or SMEJ.
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* The revenue and operating income at Sony Life, Sony Assurance and Sony Bank discussed here differ from the results that Sony Life, Sony Assurance and Sony Bank disclose on a Japanese statutory basis.
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“a U.S. dollar basis.” Results on a local currency basis and results on a U.S. dollar basis are not on the same basis as Sony’s consolidated financial statements and do not conform with U.S. GAAP. In addition, Sony does not believe that these measures are a substitute for U.S.
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During the fiscal year ended March 31, 2004, Sony did not engage in the kind of aggressive inventory reduction that it engaged in during the fourth quarter of the fis- cal year ended March 31, 2003.
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The decrease was due to the offset between deferred tax assets and liabilities recorded at each of the companies within the Sony Group, as a result of the adop- tion of consolidated tax filing in Japan. LIABILITIES Total current and long-term liabilities on March 31, 2004 increased by 622.2 billion yen, or...
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INCREASE IN ASSETS AND LIABILITIES AS A RESULT OF CONSOLIDATION OF VARIABLE INTEREST ENTITIES Sony adopted FIN 46 on July 1, 2003. As a result, Sony’s assets and liabilities increased as non-cash transactions, which resulted in no cash flows, by 95.3 billion yen and 98.0 billion yen, respectively.
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Sony is able to retain the investment for a period of time sufficient to allow for the anticipated recovery in market value.
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Debt securities Sony Life ..... . . Other ......
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* The total amount of expected future pension payments is not included in the above table or the total amount of commitments outstanding at March 31, 2004 discussed below as such amount is not currently determinable. Sony expects to contribute approximately 23.0 billion yen to the Japanese pension plans and approximately 17.0 billion yen to the foreign pension plans for the year ending March 31, 2005 (Note 14).
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The newly formed company, which will be known as Sony BMG, will be 50 percent owned by each parent company. The merger is subject to regulatory approvals in the U.S. and European Union.
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InterTrust Technologies Corporation (“InterTrust”) and an increase in the capital stock of Sony Ericsson in the fiscal year ended March 31, 2003. On the other hand, the amount of proceeds from sales and...
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In regards to the funding requirements that arise from this business strategy, working capital needs, repayment of existing debt, and all its other capital needs, Sony believes that it can maintain sufficient liquidity and financial flexibility through operating cash flow and...
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In addition, there are no financial covenants that would cause an acceleration of the obliga- tion in the event of a downgrade in Sony’s credit ratings, in any of Sony’s material financ- ing agreements. RATINGS In order to facilitate access to global capital markets, Sony obtains credit ratings from two rating agencies, Moody’s and S&P.
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This section, including the Forecast of Consoli- dated Results, contains forward-looking state- ments about the possible future performance of Sony and should be read in light of the cautionary statement on that subject, which appears on page 3 and which applies to this entire document.
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Sony is continuing to implement restructuring initiatives designed to reduce fixed costs at a rate equal to or above the rate of the decline in sales. Sony is also working to combat digital piracy and generate profits through digital distribution of content, most notably through its launch of the Connect music store, a digital downloading service.
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FINANCIAL SERVICES Although an increase in insurance-in-force is expected at Sony Life, a decrease in insurance revenue is expected due to a change, at Sony Life, in the recognition method of insurance premiums received on certain products from being recorded as revenue to being offset against the related provision for future insur- ance policy benefits.
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Sony regularly evaluates its investment portfolio to identify other-than-temporary impairments of indi- vidual securities.
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TV display CRTs due to a shift in demand from CRT displays to LCD and plasma panel displays. In the year ended March 31, 2003, Sony recorded impairment charges for long-lived assets totaling 12.4 billion yen. It included 8.1...
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10 percent of those of the aggregate of the Japanese plans. Sony used a discount rate of 2.4 percent for its Japanese pension plans as of March 31, 2004. The discount rate was determined by...
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March 31, 2005. If this is the case, subject to review of relevant qualitative factors and uncertainties, Sony may reverse part or all of the valuation allowance that would be recognized into income as a reduction to tax expense.
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FAS No. 133. Sony adopted FAS No. 149 on July 1, 2003. The adoption of FAS No. 149 did not have an impact on Sony’s results of operations and financial position.
Five-Year Summary of Selected Financial Data Sony Corporation and Consolidated Subsidiaries – Year ended March 31 FOR THE YEAR Sales and operating revenue ..... . ¥6,686,661 ¥7,314,824 Operating income .
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3. In January 2003, the FASB issued FIN No. 46, “Consolidation of Variable Interest Entities — an Interpretation of ARB No. 51”. FIN No. 46 addresses consolidation by a primary beneficiary of a VIE. For VIEs created or acquired prior to February 1, 2003, Sony early adopted the provisions of FIN No. 46 on July 1, 2003. Under FIN No. 46, any difference between the net amount added to the balance sheet and the amount of any previously recognized interest in the VIE shall be recognized as a cumulative effect of accounting changes.
2. In January 2003, the FASB issued FIN No. 46, “Consolidation of Variable Interest Entities — an Interpretation of ARB No. 51”. FIN No. 46 addresses consolidation by a primary beneficiary of a VIE. For VIEs created or acquired prior to February 1, 2003, Sony early adopted the provisions of FIN No. 46 on July 1, 2003. Under FIN No. 46, any difference between the net amount added to the balance sheet and the amount of any previously recognized interest in the VIE shall be recognized as a cumulative effect of accounting changes.
Segment Information Sony Corporation and Consolidated Subsidiaries – Year ended March 31 Sales and Operating Revenue by Business Segment Electronics— Customers ..........
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* U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥104=U.S.$1, the approximate Tokyo foreign exchange market rate as of March 31, 2004. Note: The above table is a breakdown of Electronics sales and operating revenue and operating income (loss) in Sony’s business segment information. The Electronics segment is managed as a single operating segment by Sony’s management.
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Other Significant Items by Business Segment Depreciation and amortization: Electronics ........... Game .
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Assets by Business Segment Total assets: Electronics ..........Game .
Consolidated Statements of Income Sony Corporation and Consolidated Subsidiaries – Year ended March 31 Sales and operating revenue: Net sales (Note 6) ..........
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Per share data (Note 21): Common stock Income before cumulative effect of accounting changes —Basic ........... . —Diluted .
Consolidated Statements of Cash Flows Sony Corporation and Consolidated Subsidiaries – Year ended March 31 Cash flows from operating activities: Net income ...........
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Cash flows from investing activities: Payments for purchases of fixed assets ......Proceeds from sales of fixed assets .
Consolidated Statements of Changes in Stockholders’ Equity Sony Corporation and Consolidated Subsidiaries – Year ended March 31 Balance at March 31, 2001 ..... . .
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Balance at March 31, 2003 ..... . Conversion of convertible bonds ....Stock issued under exchange offering (Note 15) .
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Balance at March 31, 2003 ..... . . Conversion of convertible bonds ....Stock issued under exchange offering (Note 15) .
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2. Stock prices and the Nikkei Stock Average is based on a simple average of daily closing prices for each day of every month at the Tokyo Stock Exchange. 3. Stock prices have been adjusted to reflect the two-for-one stock split completed on May 19, 2000. 4. On June 20, 2001, Sony issued 3,072,000 shares of Subsidiary Tracking Stock. Stock Price (¥)
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The twelfth series of unsecured bonds (Notes) 1. Sony Corporation assumed responsibility for the sixth (2) series of unsecured bonds, the seventh (2) series of unsecured bonds and the eighth (2) series of unsecured bonds as a result of its merger with AIWA Corporation.
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London EC3A 8EE Phone: 44-(0)20-7444-9713 Facsimile: 44-(0)20-7444-9763 SONY ON THE INTERNET Sony’s Investor Relations Home Pages on the World Wide Web offer a wealth of corporate information, including the latest annual report and financial results. http://www.sony.net/IR/ The enclosed CD-ROM contains the following: QRIO STORY (a short movie featuring the QRIO biped robot) Annual Report 2004 (including “Notes to Consolidated Financial...
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