Sony

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  • Topic: Sony, Sony Pictures Entertainment, Sony BMG
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  • Published : January 19, 2013
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Annual Report 2003
Year Ended March 31, 2003

Financial Highlights
Sony Corporation and Consolidated Subsidiaries Year ended March 31

Yen in millions except per share amounts and number of employees

Percent change

Dollars in millions* except per share amounts

2002

2003

2003/2002

2003

FOR THE YEAR Sales and operating revenue Operating income Income before income taxes Income before cumulative effect of accounting changes Net income Per share data: Income before cumulative effect of accounting changes —Basic —Diluted Net income —Basic —Diluted Cash dividends AT YEAR-END Stockholders’ equity Total assets Number of employees

¥7,578,258 134,631 92,775 9,332 15,310

¥7,473,633 185,440 247,621 115,519 115,519

–1.4% +37.7 +166.9 +1,137.9 +654.5

$62,280 1,545 2,064 963 963

¥

10.21 10.18 16.72 16.67 25.00

¥

125.74 118.21 125.74 118.21 25.00

+1,131.5% +1,061.2 +652.0 +609.1

$

1.05 0.99 1.05 0.99 0.21

¥2,370,410 8,185,795 168,000

¥2,280,895 8,370,545 161,100

–3.8% +2.3

$19,007 69,755

* U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥120=U.S.$1, the approximate Tokyo foreign exchange market rate as of March 31, 2003. Please refer to pages 61 and 62 for detailed footnotes to the table above.

Sony Corporation Annual Report 2003

Contents

To Our Shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Management Discusses Key Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . At a Glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sony World . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Research and Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Corporate Social Responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Management (Fiscal Year Ended March 31, 2003) . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fact Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stock Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . New Members of the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . New Corporate Executive Officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investor Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 5 18 22 45 48 49 51 69 73 74 77 80 81

Cautionary Statement Statements made in this annual report with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include but are not limited to those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “may” or “might” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions and beliefs in light of the information currently available to it. Sony cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed...
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