Sony Logs Decreased Sales and Income in Electronics, but Aided by Favorable Picture Business
Apr 28, 2005 15:47
Sony Corp. has released its FY2004 (April 2004-March 2005) consolidated financial results. The results largely met forecasts that were revised downwards in January 2005, with sales declining 4.5% year-on-year (YoY) to ¥7.1596 trillion but with operating income growing 15.2% YoY to ¥113.9 billion. Impacted by decreased sales of CRT TVs and portable audio players, sales of electronics products dropped 0.4% YoY to ¥5.0216 trillion. Operating loss for this segment expanded to ¥34.3 billion, compared to ¥6.8 billion posted for FY2003, reflecting lower pricing for products such as DVD recorders and video cameras.
Game related sales declined 6.5% YoY to ¥729.8 billion, and operating income for this area also decreased 36.1% YoY to ¥43.2 billion. Key factors behind these drops in both sales and operating income include decreased unit sales of the PlayStation2 home game console, as well as price reductions. The market release of the PlayStation Portable (PSP) in December 2004 had little impact on FY2004 results. Sony revealed that PSP shipments were 2.97 million units as of the end of March 2005. Of the 2.97 million units, the Japanese market accounted for 1.44 million units and the US market constituted 1.53 million units.
Both the music and picture segments performed favorably. The music segment saw sales drop 43.4% YoY to ¥249.1 billion, but posted an operating income of ¥8.8 billion, returning to profitability from an operating loss of ¥6.0 billion for the previous year. On the other hand, the picture segment logged a large operating income of ¥63.9 billion, supported by the major hit "Spider-Man 2" and solid sales of DVD/VHS software
http://techon.nikkeibp.co.jp/english/NEWS_EN/20050428/104349/?ST=english
Apr 28, 2005 15:47
Sony Corp. has released its FY2004 (April 2004-March 2005) consolidated financial results. The results largely met forecasts that were revised downwards in January 2005, with sales declining 4.5% year-on-year (YoY) to ¥7.1596 trillion but with operating income growing 15.2% YoY to ¥113.9 billion. Impacted by decreased sales of CRT TVs and portable audio players, sales of electronics products dropped 0.4% YoY to ¥5.0216 trillion. Operating loss for this segment expanded to ¥34.3 billion, compared to ¥6.8 billion posted for FY2003, reflecting lower pricing for products such as DVD recorders and video cameras.
Game related sales declined 6.5% YoY to ¥729.8 billion, and operating income for this area also decreased 36.1% YoY to ¥43.2 billion. Key factors behind these drops in both sales and operating income include decreased unit sales of the PlayStation2 home game console, as well as price reductions. The market release of the PlayStation Portable (PSP) in December 2004 had little impact on FY2004 results. Sony revealed that PSP shipments were 2.97 million units as of the end of March 2005. Of the 2.97 million units, the Japanese market accounted for 1.44 million units and the US market constituted 1.53 million units.
Both the music and picture segments performed favorably. The music segment saw sales drop 43.4% YoY to ¥249.1 billion, but posted an operating income of ¥8.8 billion, returning to profitability from an operating loss of ¥6.0 billion for the previous year. On the other hand, the picture segment logged a large operating income of ¥63.9 billion, supported by the major hit "Spider-Man 2" and solid sales of DVD/VHS software
http://techon.nikkeibp.co.jp/english/NEWS_EN/20050428/104349/?ST=english