Sony's Corporate liabilities exceed $100 Billion - much like other large companies

Discussion in 'Console Industry' started by TEXAN*, Oct 15, 2009.

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  1. TEXAN*

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    #1 TEXAN*, Oct 15, 2009
    Last edited by a moderator: Oct 15, 2009
  2. Shifty Geezer

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    You'll have to quote the part that mentionsthe debt. I'm afraid my Japanese isn't good enough to spot it that .pdf...
     
  3. TEXAN*

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    It's the final figure in the second link.
     
  4. Rotmm

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    2nd link doesn't work
     
  5. TEXAN*

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    Page 38 on the first link.
     
  6. L. Scofield

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    Copy and paste the URL.
     
  7. TEXAN*

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    Second link removed.

    Wasn't working.
     
  8. TEXAN*

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    Here we go -

    [​IMG]
     
  9. obonicus

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    Wow, will you look and that. And to think that up until this year, they hadn't posted a loss in 14 years. You'd almost think they issued bonds or something.
     
  10. TheAlSpark

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    Anyone have a good translation on Page 10?

    Google Translate

    The numbers don't quite make any sense to me...

    Bing:

    Ah... :???:
     
  11. JasonLD

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    Isn't that a total liabilities figure?
     
  12. pcchen

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    My Japanese is not that good, but I think I can make some senses out of it...

    First NPS means network products & services. Apparently for Sony that means games & PC business.

    Revenue of NPS in Q1 downed 37.4% from last year to 246.8 billion yen (I'm surprised that both machine translators make mistakes on this number...) The main reason behind this is that both game business and PC (vaio) business declined.

    For game business, both PSP and PS3 unit sales declined, also the high value of yen further decreases revenue (in terms of yen). Unit sales of PS3 downed from 1.6 million to 1.1 million, and PSP unit sales downed from 3.7 million to 1.3 million. For PC (VAIO) business it's basically the same story (unit sales down, high value of yen decreases revenue).
     
  13. TheAlSpark

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  14. pcchen

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    In the table, current liabilities is 3,649,460 million yen. Long term debt is 1,067,052 million yen. Another big number (the 3,618,878 million yen one) is insurance related. Basically, compared to last year, short term debt decreased, but long term debt increased by a larger amount.
     
  15. obonicus

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    Is this a new release? It seems like it's for 1q 2009. (apr 1 2009- jun 30 2009, but there's a date in the first footnote(?) that says aug 12 2009)
     
    #15 obonicus, Oct 16, 2009
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  16. JasonLD

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    Why is he making a big fuss about figure in the balance sheet, there are many large corporations that has larger long term debt.
     
  17. patsu

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    [Shrug] I have no idea. In 1Q 2009 (April - June), PS3 was priced at 399/499 too.
     
  18. vazel

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    Can someone that knows how the corporate world works tell us how big an issue this actually is?
     
  19. DuckThor Evil

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    I'm not an expert, but I would say that using just the total liabilities figure is not that accurate, for example 15 % of that sum is bank deposits from customers (Sony seems to be in banking too). Sony has lot's of assets too and the amount of normal short and long term debt doesn't look that alarming. They are definitely not doing great, but that 100 Billion total liabilities is imo not such a good metric here.
     
    #19 DuckThor Evil, Oct 16, 2009
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  20. TEXAN*

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    Sony's debt was $60 Billion only three years ago, but the debt increased by $40 Billion since the launch of PSX3 and the Blu-Ray format war.
     
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