Annual Report 2003 2003 3
3 31 1 * 1 % 1 2002 2003 2003/2002 2003 7,578,258 7,473,633 1.4% $62,280 134,631 185,440 +37.7 1,545 92,775 247,621 +166.9 2,064 9,332 115,519 +1,137.9 963 15,310 115,519 +654.5 963 1 10.21 125.74 +1,131.5% $ 1.05 10.18 118.21 +1,061.2 0.99 16.72 125.74 +652.0 1.05 16.67 118.21 +609.1 0.99 25.00 25.00 0.21 2,370,410 2,280,895 3.8% $19,007 8,185,795 8,370,545 +2.3 69,755 168,000 161,100 * 2003 3 31 1 =120 61 62 Sony Corporation Annual Report 2003
......................................................... 2........................................... 5......................................................... 18 Sony World.......................................................... 22............................................................. 45...................................................... 48 2002....................................................... 49........................................................ 51........................................................ 69............................................................. 73................................................ 74........................................................... 77........................................................... 80........................................................... 81 Sony Corporation Annual Report 2003 1
2003 3 2002 2002 1.4% 7 4,736 508 1,854 CCD 4 1-3 2 Sony Corporation Annual Report 2003
2 X Mr. 1999 2002 1,000 2002 12 10% Sony Corporation Annual Report 2003 3
21 1999 2003 3 2003 4 1 74 21 2003 4 24 CEO COO 4 Sony Corporation Annual Report 2003
21 21 20 21 2003 5 60 2006 2006 10% Sony Corporation Annual Report 2003 5
Sony Corporation Annual Report 2003 6 4 1 AV No.12 3 IT4 2003 3 5,000 5,000-1 AV No.1 2006 AV PDP /HDD AV No.1 HDHD High Definition 1999 1998 70 2002 52 2002 1999 2002 2003 3 2003 3 3,000 3,000 2,800
CEO Sony Corporation Annual Report 2003 7
COO 8 Sony Corporation Annual Report 2003
CCD CCD 1 PDP EL FED -2 2003 5 PSXPSX 2 PS2 OS TV/BS PS2 DVD/HDD CD 2003 2004 PSX EE GS OS PS2 DVD PSX PS2 DVD DVD DVD PSX DVD 2003 5 Electronic Entertainment Exposition E3 21 PSP 2004 PSP 3D 60 1.8GB UMD CD MD DVD UMD UMD MPEG-4 DVD 2 Sony Corporation Annual Report 2003 9
Sony Corporation Annual Report 2003 10 UMD PSP PSX PSP -3 IT IT 2002 90 PC SEMC AV/IT PC 2002 PC 2003 LAN DVD AV/IT e PC PC PC 2001 10 SEMC AV 2003 GSM/UMTS
AV AV No.1 Sony Corporation Annual Report 2003 11
PSX OS 12 Sony Corporation Annual Report 2003
Sony Corporation Annual Report 2003 13-4 6 2003 3 5,000 180 150PS2 SCE CCD 2003 700 No.1 90 SCE EE GS 1 PSX CELL 300 65 PS2 UVN 21 USA SPE X 4 SPE
Sony Corporation Annual Report 2003 14 SMEI 1 2 UMD PSP SMEI SMEI CEO SMEI R&B CD custommixcd.com SMEI SPE SPE DVD SPE 2002 2003 2 S.W.A.T. 2004 2002 2 30
Sony Corporation Annual Report 2003 15
21 CSO 16 Sony Corporation Annual Report 2003
Sony Corporation Annual Report 2003 17 2 2003 4 1 IT 4 NC 3 SEMC 8 CFO NC CFO NC NC 2003 6 74 21 60 2006 200610 2003 5
3 31 1 03 02 01 1 41 251 4,940 5,286 5,455 http://www.sony.jp/ SCE 03 02 01 51 83 113 661 955 1,004 http://www.scei.co.jp/ SMEI SMEJ 03 02 01 9 20 21 636 643 612 http://usa.sonymusic.com/international.html http://www.sonymusic.co.jp/ SPE 03 02 31 59 636 803 01 4 555 http://www.spe.co.jp/ 03 02 01 23 22 17 541 512 479 http://www.sony.co.jp/money/ IC 03 02 01 32 17 14 250 204 207 18 Sony Corporation Annual Report 2003
2002 2003 PC 7% CCD 796 2002 12 DVD PC 2006 PSX 5% 36% PS2 :2,252 PS2 :1 8,990 PS2 PS2 DVD 1% 2002 CD 2 X Mr. 2002 DVD/VHS 26% 89% SPE 6% 5% NACS* 23% * NACS & 2002 4 NACS Sony Corporation Annual Report 2003 19
3 31 1 756 747 683 791 806 823 798 842 846 01 02 03 01 02 03 01 02 03 DVD / 2002 MD 9% DVD 2% 20 Sony Corporation Annual Report 2003
1,261 1,167 959 569 526 537 569 501 491 238 182 205 01 02 03 01 02 03 01 02 03 01 02 03 PC / / 2001 9 LCD CCD / / PC PC 18% LCD CCD CD-R/RW DVD 12% CD-R/ RW PC DVD 2% 2% Sony Corporation Annual Report 2003 21
UVN UVN 22 Sony Corporation Annual Report 2003
Sony Corporation Annual Report 2003 23
ADSL AV PC AV PC DVD 1996 AV http://www.sony.jp/products/consumer/wega/ 24 Sony Corporation Annual Report 2003
HARDWARE BUSINESS! PC DVD 5.1chDVD! AV http://www.sony.jp/products/consumer/cocoon/ http://www.sony.jp/products/consumer/wega/technology/ Sony Corporation Annual Report 2003 25
DVD DVD DVD DVD DVD RW/ RW/ R RW DVD DV DVD PC DVD RW/ R/ RW/ R DVD DVD PC http://www.sony.jp/products/digitaltheater/contents/ http://www.sony.jp/products/consumer/peripheral/crx/ DVD/CD 9 * 2003 4DVD 5 23GB BS2 VHS 12 BS 5.1ch MPEG-2 AAC 5.1ch *9 LG http://www.sony.jp/products/consumer/bd/ 26 Sony Corporation Annual Report 2003
HARDWARE BUSINESS PC VAIO Media AV DVD Click to DVD DVD DVD / W Net MD W MD MD MD W http://www.vaio.sony.co.jp/ Sony Corporation Annual Report 2003 27
PC 2000 200 CCD Bluetooth TM FeliCa IC LAN LAN http://www.sony.co.jp/clie/ 1985 8 2002 211 CCD http://www.sony.jp/products/index/cam.html 28 Sony Corporation Annual Report 2003
HARDWARE BUSINESS U PC 4way LAN U Z PC U LAN http://www.vaio.sony.co.jp/ Z P 510 MPEG VXPC http://www.sony.jp/products/index/dsc.html CCD CCD CCD http://www.sony.co.jp/products/sc-hp/index-j.html Sony Corporation Annual Report 2003 29
1979 1992 MD 2001 Net MD Net MD PC USB CD PC MD Net MD PC IC 2003 2 256MBCD 11 * IC Duo *CD1 60 ATRAC3plus / 48kbps http://www.walkman.sony.co.jp/ 1998 2003 33,900 4,000PC 2002 3 Duo 1/3 Duo 1/2 IC 128MB 2 256MB PRO IC 2002 1GB 512MB 256MB 3 PRO 30 Sony Corporation Annual Report 2003 http://www.memorystick.com/jp/
HARDWARE BUSINESS SEMC 2001 10 1 2002 SEMC GSM P800 P800 T300T100 CDMA A1101S PDC SO212i 3TV W-CDMA Z1010 2003 http://www.sonyericsson.co.jp/ S0212i A1101S Z1010 AV2003 12cm 23GB DV 25Mbps 90 MPEG IMX 50Mbps 45 Sony Corporation Annual Report 2003 31
SCE 2003 5 100 PS 2 PS2 PS2 2000 3 20022,252 2003 3 5,100 PS 2000 PS one 2002 678 PS 2003 3 9,600 PS2 PS 2003 3 PS2 PS 12 6,700 http://www.scei.co.jp/ 2003 6PlayStation 2 BB Pack 32 Sony Corporation Annual Report 2003
GAME BUSINESS 2002 PS2 PS X-2 6 3 Grand Theft Auto: Vice City NFL 2003 / U.S.A. Kingdom HeartsSCE 2001 3 A-spec 2002 300 1,100 The Getaway 200 PS2 SCE PS2 2002 5PS2 PlayStation BB2003 6 PS2 2003 40 2002 8 PS2 PS2 2003 3 100 2003 4 PS2 SCE GOLF Sony Corporation Annual Report 2003 33
LSI PS2 CPU EE GS LSI SCE SCE 1999 3,000 180 90 SCE 2003 EE GS 1 SCE2003 4 LSI 2003 3 2,000 300 65 SCE PSP SCE 2003 5PSP 2004 PSP 60 UMD 1.8GB ROM 16 9 TFT MPEG- DVD SCEPSP 34 Sony Corporation Annual Report 2003
INTERNET SERVICE PROVIDER So-net So-net SCN 1996 1 2002 So-net ADSL FTTH Fiber to the Home 24 So-net TV AV My Sony Card 2003 3 So-net 230 42 http://www.so-net.ne.jp/ 2003 Sony Communication Network Corporation Sony Corporation Annual Report 2003 35
2002 SMEI CEO SMEI SMEI16.5% 2 SMEI3 3,00050 2 50 200 CD2002 7% 320 8% 3 36 Sony Corporation Annual Report 2003
CONTENT BUSINESS SMEI SMEI SMEI / 1 SMEI 14,000 250 SEMC SMEI SEMC SMEI 2002 SMEI SMEI AT&T mmode sm SMEI SMEI 12 CD custommixcd.com SMEI /ATV & 55,000 SMEI CD PC CD-ROM ConnecteD CD EXTRA CD DVD CD Sony Corporation Annual Report 2003 37
SMEJ CHEMISTRYSecond to None No.1 TRUE 100 1 SMEJ 1999 bitmusic CD 2003 1 2002 12 2002 SMEJ 150 IT http://www.sonymusic.co.jp/ CHEMISTRY 38 Sony Corporation Annual Report 2003
CONTENT BUSINESS MOTION PICTURE COLUMBIA PICTURES INDUSTRIES INC. SPIDER-MAN @& MARVEL CHARACTERS INC. COLUMBIA PICTURES INDUSTRIES INC. Mr. 2002SPE 2002 SPE 6 1 5,000 2 X2 Mr.2002 2003 38 2004 2002 SPE17% SPE 28 8,000 DVD 27 7,000 DVD SPE 4,000 SPE 2 S.W.A.T. 2003 2 http://www.spe.co.jp/ Sony Corporation Annual Report 2003 39
20 1 2 30 1 2 SPTI 2 3,000 30 SPTI SPE 25 10 /CG CG 40 Sony Corporation Annual Report 2003
CONTENT BUSINESS SPE 4 2 2003 5 2003 6 200 42 5,000 10 SPE 3,500 8 2,000 Sony Corporation Annual Report 2003 41
24,793 23,497 21,522 18,817 16,538 99 00 01 02 03 *3 31 2002 http://www.sonylife.co.jp/ 1999 2002 6 3 2003 3 39 2002 3 27 10 2 7.5 16.9 24.4 01 02 03 *3 31 1 http://www.sonysonpo.co.jp/ 42 Sony Corporation Annual Report 2003
SERVICES/APPLICATIONS MONEYKit 1 1025 365 24 2002 7 http://moneykit.net/ 2002 191,114 164,058 143,195 114,786 249 214 178 145 1Q 2Q * 3Q 4Q 1 elio elio Edy VISA 3My Sony Card 2002 4 elio http://www.sonyfinance.co.jp/ Sony Corporation Annual Report 2003 43
SERVICES/APPLICATIONS 2002 3 Any Music ) 2003 Net MD ID My Sony ID * My Sony http://www.mysony.sony.co.jp/ 44 Sony Corporation Annual Report 2003
Cell Cell SCE 2001 IBM Cell LSI 30050 CCD AV 1/1000 1/100 20 Si C 2003 3 Sony Corporation Annual Report 2003 45
20022001 99 2.3% 4,431 6.1 6.4% 3,803 0.8% 615 27.4 66 34 2003 3 5,000 CE Sony Corporate Laboratories Europe A 3 2003 OS 12 46 Sony Corporation Annual Report 2003
2002 3.8 TFT 1.5ml 2003 5 DVD CD 1 2 3.8 TFT MEMS Micro Electro-Mechanical Systems Virtual Mobile Engine NW- MS70D Sony Corporation Annual Report 2003 47
Sony Corporation Annual Report 2003 48 2003 6 / 2010 2000 2 2002 2000 1.05 1.18 1.18 2002 11 9 2002 46 http://www.sony.co.jp/eco/
2002 2003 1 29 CEO COO CSO CPO UFJ Sony Corporation Annual Report 2003 49
CEO COO CSO CPO CIO CFO 2003 4 24 50 Sony Corporation Annual Report 2003
Sony Corporation Annual Report 2003 51
3 31 : : * 2002 2003 2003............................ 683,800 713,058 $ 5,942........................................... 5,176 3,689 31........................................... 162,147 241,520 2,013................................ 1,363,652 1,117,889 9,316................................ (120,826) (110,494) (921)........................................... 673,437 625,727 5,214........................................... 134,299 143,999 1,200....................... 435,527 418,826 3,490....................................... 3,337,212 3,154,214 26,285...................................... 313,054 287,778 2,398..................... 131,068 111,510 929.................................. 1,566,739 1,882,613 15,689 1,697,807 1,994,123 16,618............................................... 195,292 188,365 1,570.................................... 891,436 872,228 7,269.................... 2,216,347 2,054,219 17,118......................................... 66,825 60,383 503 3,369,900 3,175,195 26,460................................ 1,958,234 1,896,845 15,807 1,411,666 1,278,350 10,653....................................... 233,088 258,624 2,155............................................. 317,240 290,127 2,418...................................... 308,204 327,869 2,732........................................... 120,168 328,091 2,734............................................. 447,356 451,369 3,762 1,426,056 1,656,080 13,801 8,185,795 8,370,545 $69,755 52 Sony Corporation Annual Report 2003
: : * 2002 2003 2003......................................... 113,277 124,360 $ 1,036 1............... 240,786 34,385 287................................ 767,625 697,385 5,812..................................... 869,533 864,188 7,202..................... 105,470 109,199 910......................... 106,472 248,721 2,073............................................. 355,333 356,810 2,972....................................... 2,558,496 2,435,048 20,292....................................... 838,617 807,439 6,729................................... 299,089 496,174 4,135........................................... 159,573 159,079 1,326.................................. 1,680,418 1,914,410 15,953............................................. 255,824 255,478 2,129 3,233,521 3,632,580 30,272....................................... 23,368 22,022 184 2002 3 31 100,000,000 3,072,000........................ 3,917 2003 3 31 100,000,000 3,072,000........................ 3,917 33 2002 3 31 3,500,000,000 919,744,355..................... 472,189 2003 3 31 3,500,000,000 922,385,176..................... 472,361 3,936......................................... 968,223 984,196 8,202......................................... 1,209,262 1,301,740 10,848.............................. 22,997 17,658 147........................... (711) (4,793) (40)................................ (72,040) (182,676) (1,522).................................... (225,839) (302,167) (2,519) (275,593) (471,978) (3,934) 2002 3 31 1,239,304 2003 3 31 1,573,396 ).................. (7,588) (9,341) (78) 2,370,410 2,280,895 19,007 8,185,795 8,370,545 $69,755 * 2003 3 31 1 =120 Sony Corporation Annual Report 2003 53
3 31 1 : : * 2001 2002 2003 2003.............................. 6,829,003 7,058,755 6,916,042 $57,634....................... 447,147 483,313 512,641 4,272.............................. 38,674 36,190 44,950 374 7,314,824 7,578,258 7,473,633 62,280.............................. 5,046,694 5,239,592 4,979,421 41,495................. 1,613,069 1,742,856 1,819,468 15,162....................... 429,715 461,179 489,304 4,078 7,089,478 7,443,627 7,288,193 60,735.............................. 225,346 134,631 185,440 1,545................ 18,541 16,021 14,441 120......................... 29,302 33,512 32,375 270......................... 1,928 16................ 41,708 1,398 72,552 605... 18,030 503................................ 60,073 44,894 36,232 302 167,654 96,328 157,528 1,313.............................. 43,015 36,436 27,314 228..................... 4,230 18,458 23,198 193......................... 15,660 31,736................................ 64,227 51,554 44,835 373 127,132 138,184 95,347 794............................ 265,868 92,775 247,621 2,064.............................. 121,113 114,930 178,847 1,491.............................. (5,579) (49,719) (98,016) (817) 115,534 65,211 80,831 674...... 150,334 27,564 166,790 1,390..................... (15,348) (16,240) 6,581 55.............. 44,455 34,472 44,690 372....... 121,227 9,332 115,519 963 2001 491 2002 2,975...... (104,473) 5,978............................ 16,754 15,310 115,519 $ 963 54 Sony Corporation Annual Report 2003
: : * 2001 2002 2003 2003 1............................ 132.64 10.21 125.74 $ 1.05........................... 124.36 10.18 118.21 0.99............................ (114.31) 6.51........................... (105.08) 6.49............................ 18.33 16.72 125.74 1.05........................... 19.28 16.67 118.21 0.99................................ 25.00 25.00 25.00 0.21............................ (15.87) (41.98) (0.35)................................ * 2003 3 31 1 =120 Sony Corporation Annual Report 2003 55
3 31 1 : : * 2001 2002 2003 2003............................ 16,754 15,310 115,519 $ 963......... 348,268 354,135 351,925 2,933................ 244,649 242,614 312,054 2,600........... 21,759 14,995 37,858 316....... 24,304 49,862 39,941 333......... (11,120).............. (41,708) (1,398) (72,552) (605).. (18,030) (503)............................ (5,579) (49,719) (98,016) (817)................... 47,219 37,537 46,692 389.......... 104,473 (5,978)..... (177,484) 111,301 174,679 1,456................ (103,085) 290,872 36,039 300.. (269,004) (236,072) (317,953) (2,650)..... 95,213 (172,626) (58,384) (486)............... 38,749 (39,589) 14,637 122............ 241,140 314,405 233,992 1,950................ (68,927) (71,522) (66,091) (551)............. (20,000) (55,661)......... (17,031) 5,543 29,095 242......... 88,224 (19,418) 26,205 218.............................. 5,983 (46,492) 48,148 402................. 544,767 737,596 853,788 $ 7,115 56 Sony Corporation Annual Report 2003
: : * 2001 2002 2003 2003......................... (468,019) (388,514) (275,285) $(2,294)......................... 26,704 37,434 25,711 214....... (329,319) (705,796) (1,026,361) (8,553)......... (136,818) (90,544) (109,987) (917).... 93,226 345,112 542,539 4,521......... 94,264 33,969 135,834 1,132......................... 914 1,222 1,124 10................. (719,048) (767,117) (706,425) (5,887).............................. 195,118 228,999 12,323 103....................... (143,258) (171,739) (238,144) (1,985).................. 106,245 (78,104) (7,970) (66)....... 106,472 142,023 1,184................... 9,529........................... (22,774) (22,951) (22,871) (191)................................ (889) 12,834 21,505 179... 134,442 85,040 (93,134) (776)........................... 21,020 21,036 (24,971) (208).... (18,819) 76,555 29,258 244.......... 626,064 607,245 683,800 5,698.......... 607,245 683,800 713,058 $ 5,942 1.............................. 93,629 148,154 171,531 $ 1,429.............................. 47,806 35,371 22,216 185................. 10,545 * 2003 3 31 1 =120 Sony Corporation Annual Report 2003 57
3 31 1 : 2000 3 31... 451,550 940,716 1,223,761 (425,316) (7,805) 2,182,906......... 297 297 594... 20,151 20,143 40,294....... 4 1,069 1,073............ 16,754 16,754....... (7,490) (7,490)............ (9,909) (9,909)... (46,134) (46,134)....... 160,282 160,282........... 113,503.. (466) (466).................. (22,939) (22,939)........... (2,123) (2,123)........... 176 2,435 2,611 2001 3 31... 472,002 962,401 1,217,110 (328,567) (7,493) 2,315,453......... 26 26 52... 161 162 323..... 3,917 5,612 9,529............ 15,310 15,310....... (20,243) (20,243)........... (1,276) (1,276) :........ 1,089 1,089....... 2,437 2,437........... (4,237) (4,237)... (22,228) (22,228)....... 97,432 97,432........... 68,284... (166) (166).................. (22,992) (22,992)........... (468) (468)........... 22 373 395 2002 3 31... 3,917 472,189 968,223 1,209,262 (275,593) (7,588) 2,370,410 58 Sony Corporation Annual Report 2003
: 2002 3 31.. 3,917 472,189 968,223 1,209,262 (275,593) (7,588) 2,370,410.. 172 172 344...... 15,791 15,791........... 115,519 115,519...... (9,627) (9,627).......... 4,288 4,288 :...... (4,477) (4,477).......... 395 395.. (110,636) (110,636)...... (83,993) (83,993).......... 7,665 7,665.......... (80,866).. (19) (19)................. (23,022) (23,022).......... (1,817) (1,817).......... 10 64 74 2003 3 31.. 3,917 472,361 984,196 1,301,740 (471,978) (9,341) 2,280,895 Sony Corporation Annual Report 2003 59
: * 2002 3 31............ $33 $3,935 $8,069 $10,077 $(2,297) $(63) $19,754............ 1 1 2................ 132 132..................... 963 963................ (80) (80).... 35 35................ (37) (37).... 3 3............ (922) (922)................ (700) (700).... 64 64.................... (674)........... (0) (0)........................... (192) (192).................... (15) (15).................... 0 0 0 2003 3 31............ $33 $3,936 $8,202 $10,848 $(3,934) $(78) $19,007 * 2003 3 31 1 =120 60 Sony Corporation Annual Report 2003
3 31 1 : 1 1 2 3 4 2002 2003 2002 2003 2002 2003 2002 2003........ 1,633.5 1,721.8 1,780.9 1,789.7 2,279.3 2,307.7 1,884.6 1,654.4.............. 3.0 51.9 (3.4) 50.5 158.6 199.5 (23.6) (116.5)............ (14.3) 116.6 0.6 48.8 119.3 201.9 (12.8) (119.7)................... 20.3 53.6 14.8 (14.9) 39.0 65.5 (8.9) (23.4)..... (36.1) 57.2 (13.2) 44.1 64.0 125.4 (5.5) (111.1)............ (30.1) 57.2 (13.2) 44.1 64.0 125.4 (5.5) (111.1) 1............... (39.26) 62.23 (14.34) 47.89 69.72 136.19 (5.91) (120.47).............. (39.26) 57.90 (14.34) 44.70 64.87 126.05 (5.91) (120.47)............... (32.75) 62.23 (14.34) 47.89 69.72 136.19 (5.91) (120.47).............. (32.75) 57.90 (14.34) 44.70 64.87 126.05 (5.91) (120.47) *..... 80.0 83.3 87.5 83.7 94.6 88.7 92.0 96.2....... 86.1 60.7 93.3 67.0 75.2 56.9 72.1 76.6................. 103.2 97.9 123.2 108.3 98.9 105.6 107.9 131.4 1 **..................... 10,200 7,450 8,150 6,300 6,200 5,540 7,200 5,110..................... 8,100 5,810 4,210 4,850 3,980 4,870 5,540 4,080 1ADR **..................... $ 85.50 $ 59.70 $ 65.75 $ 53.17 $ 49.86 $ 45.29 $ 56.59 $ 43.31..................... 65.80 48.63 33.20 40.51 33.72 39.88 41.00 34.86 * ** 1. 2002 4 1 Statement of Financial Accounting Standards144 Accounting for the Impairment or Disposal of Long-Lived Assets 144 2003 3 31 1 2. 2002 4 Financial Accounting Standards Board FASB 145 FASB 4 44 64 FASB 13 Rescission of FASB Statements No. 4, 44 and 64, Amendment of FASB Statement No.13, and Technical Corrections 2002 4 1145 3. 2002 6 FASB 146 Accounting for Costs Associated with Exit or Disposal Activities Emerging Issues Task Force EITF 94-3 Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity including Certain Costs Incurred in a Restructuring 146 2003 1 1 4. 2002 11 FASB FASB FASB Interpretation 45 5 57 107 34 Guarantor s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others, an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB Interpretation No. 34 452003 3 31 1 2003 3 31 Sony Corporation Annual Report 2003 61
5. 2002 12 FASB 148 123 Accounting for Stock- Based Compensation Transition and Disclosure an Amendment of FASB Statement No. 123 Accounting Principles Board Opinion APB 25 Accounting for Stock Issued to Employees148 6. 2003 1 FASB 46 ARB 51 Consolidation of Variable Interest Entities an Interpretation of ARB No. 51 VIE 46 2003 2 1 VIE 2003 1 31 VIE46 2004 3 31 1 2 2003 2 1 2003 3 31 VIE 7. 2001 4 1133Accounting for Derivative Instruments and Hedging Activities 138 FASB 133 Accounting for Certain Derivative Instruments and Certain Hedging Activities an Amendment of FASB Statement No. 133 2002 3 31 1 30 34 22 2001 4 1 11 60 8. 2001 7 FASB 142 Goodwill and Other Intangible Assets 142 2001 4 1 142 2002 3 31 1 201 189 9. 2002 3 31 1 4EITF 00-25 Vendor Income Statement Characterization of Consideration Paid to a Reseller of the Vendor s Products 2001 4 1 EITF 00-25EITF 01-09 Accounting for Consideration Given by a Vendor to a Customer or Reseller of the Vendor s Products 2002 3 311 3 62 Sony Corporation Annual Report 2003
3 31 1 : 1 : 1 1999 2000 2001 2002 2003 2003...... 6,804,182 6,686,661 7,314,824 7,578,258 7,473,633 $62,280................. 338,061 223,204 225,346 134,631 185,440 1,545............... 377,691 264,310 265,868 92,775 247,621 2,064................. 176,973 94,644 115,534 65,211 80,831 674......... 179,004 121,835 121,227 9,332 115,519 963............... 179,004 121,835 16,754 15,310 115,519 963 1............. 218.43 144.58 132.64 10.21 125.74 $ 1.05............ 195.51 131.70 124.36 10.18 118.21 0.99............. 218.43 144.58 18.33 16.72 125.74 1.05............ 195.51 131.70 19.28 16.67 118.21 0.99................. 25.00 25.00 25.00 25.00 25.00 0.21 1........... 819,506 842,679 913,932 918,462 919,706............. (15.87) (41.98) (0.35)................. 1........... 3,072 3,072 *... 307,173 306,505 348,268 354,135 351,925 $ 2,933..... 353,730 435,887 465,209 326,734 261,241 2,177............... 375,314 394,479 416,708 433,214 443,128 3,693............. 1,030,463 861,674 830,734 778,716 719,166 $ 5,993................. 1,823,665 2,182,906 2,315,453 2,370,410 2,280,895 19,007 1..... 2,224.35 2,409.36 2,521.19 2,570.31 2,466.81 $ 20.56................... 6,299,053 6,807,197 7,827,966 8,185,795 8,370,545 $69,755............... 410,439 453,639 919,617 919,744 922,385.......... 3,072 3,072 * 1. 2003 3 31 1 =120 2. 2000 3 31 1 2000 5 19 Sony Corporation Annual Report 2003 63
3. 2001 4 1133Accounting for Derivative Instruments and Hedging Activities 138 FASB 133 Accounting for Certain Derivative Instruments and Certain Hedging Activities an Amendment of FASB Statement No. 133 2002 3 31 1 30 34 22 2001 4 1 11 60 4. 2001 7 FASB 142 Goodwill and Other Intangible Assets 142 2001 4 1 142 2002 3 31 1 201 189 5. 2000 6Statement of Position SOP 00-2 Accounting by Producers or Distributors of Films 2000 4 1 SOP 00-2 1,017 2001 3 31 6. 1999 12 Staff Accounting Bulletin SAB 101 Revenue Recognition in Financial Statements 2001 3 314 2000 4 1 SAB 101 28 64 Sony Corporation Annual Report 2003
: 3 31 1 : * 3 31 1 2001 2002 2003 2003................. 4,982,432 4,772,550 4,543,313 $37,861..................... 472,082 513,631 397,137 3,309................................ 5,454,514 5,286,181 4,940,450 41,170................. 646,147 986,529 936,274 7,802..................... 14,769 17,185 18,757 156................................ 660,916 1,003,714 955,031 7,958................. 571,003 588,191 559,042 4,659..................... 41,110 54,649 77,256 644................................ 612,113 642,840 636,298 5,303................. 555,227 635,841 802,770 6,690..................... 0 0 0 0................................ 555,227 635,841 802,770 6,690................. 447,147 483,313 512,641 4,272..................... 31,677 28,932 27,878 232................................ 478,824 512,245 540,519 4,504................. 112,868 111,834 119,593 996..................... 93,942 91,977 130,721 1,090................................ 206,810 203,811 250,314 2,086................. (653,580) (706,374) (651,749) (5,431).............................. 7,314,824 7,578,258 7,473,633 $62,280 * 2003 3 31 1 =120 Sony Corporation Annual Report 2003 65
: 3 31 1 : * 3 31 1 2001 2002 2003 2003.......................... 756,393 747,469 682,517 $ 5,688 15.2% 15.7% 15.0%.............................. 791,465 806,401 823,354 6,861 15.9 16.9 18.1.............................. 797,618 842,388 846,139 7,051 16.0 17.7 18.6........................... 1,260,531 1,167,328 958,556 7,988 25.3 24.4 21.1.............................. 237,668 182,276 204,710 1,706 4.8 3.8 4.5....................... 569,478 525,568 537,358 4,478 11.4 11.0 11.9.............................. 569,279 501,120 490,679 4,089 11.4 10.5 10.8................................ 4,982,432 4,772,550 4,543,313 $37,861 * 2003 3 31 1 =120 2003 3 311 2001 2002 3 313 66 Sony Corporation Annual Report 2003
: 3 31 1 : * 3 31 1 2001 2002 2003 2003..................... 251,146 (1,158) 41,380 $ 345.............................. (51,118) 82,915 112,653 939................................ 20,502 20,175 (8,661) (72)................................ 4,315 31,266 58,971 491................................ 17,432 22,134 23,338 194.............................. (13,715) (16,604) (31,950) (266).............................. 228,562 138,728 195,731 1,631................. 13,781 17,148 15,894 132................. (16,997) (21,245) (26,185) (218).......................... 225,346 134,631 185,440 1,545.......................... 167,654 96,328 157,528 1,313.......................... (127,132) (138,184) (95,347) (794)....................... 265,868 92,775 247,621 $2,064 * 2003 3 31 1 =120 : 3 31 1 : * 3 31 1 2001 2002 2003 2003..................... 209,616 211,910 190,836 $1,590.............................. 37,497 49,655 53,496 446................................ 34,648 34,835 33,650 280................................ 11,853 10,619 8,552 71....... 44,995 37,227 52,041 434.............................. 6,184 6,568 9,112 76.............................. 344,793 350,814 347,687 2,897........ 3,475 3,321 4,238 36.............................. 348,268 354,135 351,925 $2,933..................... 281,660 220,032 170,323 $1,419.............................. 108,168 47,822 40,986 342................................ 37,776 21,535 21,875 182................................ 11,020 11,501 7,138 60................................ 9,341 16,023 3,655 30.............................. 13,538 5,208 15,402 128.............................. 461,503 322,121 259,379 2,161................... 3,706 4,613 1,862 16.............................. 465,209 326,734 261,241 $2,177 * 2003 3 31 1 =120 Sony Corporation Annual Report 2003 67
: 3 31 : * 3 31 2001 2002 2003 2003..................... 3,421,624 3,089,791 2,848,492 $23,737.............................. 690,737 722,021 673,208 5,610................................ 747,360 739,283 668,702 5,573................................ 887,806 960,266 868,395 7,237................................ 2,074,234 2,496,052 2,910,434 24,254.............................. 255,495 240,329 273,169 2,276.............................. 8,077,256 8,247,742 8,242,400 68,687................. (437,330) (270,374) (261,761) (2,181)......................... 188,040 208,427 389,906 3,249.............................. 7,827,966 8,185,795 8,370,545 $69,755 * 2003 3 31 1 =120 : 3 31 1 : * 3 31 1 2001 2002 2003 2003................................ 2,400,777 2,248,115 2,093,880 $17,449 32.8% 29.7% 28.0%................................ 2,179,833 2,461,523 2,403,946 20,033 29.8 32.5 32.2................................ 1,473,780 1,609,111 1,665,976 13,883 20.2 21.2 22.3.......................... 1,260,434 1,259,509 1,309,831 10,915 17.2 16.6 17.5.............................. 7,314,824 7,578,258 7,473,633 $62,280 * 2003 3 31 1 120 ** 68 Sony Corporation Annual Report 2003
8,000 ( ) ( ) 1,200 SGA (%) (%) 75 27 6,000 4,000 5.0% 1,000 800 600 74 73 26 25 2,000 3.3% 3.1% 1.8% 2.5% 400 200 72 71 24 23 0 99 00 01 02 03 0 70 99 00 01 02 03 22 SGA *3 31 1 *3 31 1 * ( ) (%) (%) 500 400 300 200 100 5.8% 6.3% 6.1% 6.1% 6.4% 10 8 6 4 2 8 12 10 6 3 10 25 17 48 61 0 99 00 01 02 03 0 *3 31 1 * * 2003 3 31 1 * * Sony Corporation Annual Report 2003 69
( ) ( ) ( ) ( ) 6,000 1,500 1,200 5,000 1,000 4,000 1,000 800 3,000 600 4.6% 400 2,000 2.6% 500 200 1,000 2.1% 0.8% 0 0 0-0.0% -250 99 00 01 02 03 17.4% 11.8% 11.8% 8.3% -7.7% 99 00 01 02 03 300 200 100 0-100 *3 31 1 *3 31 1 ( ) ( ) ( ) ( ) 1,200 300 1,200 300 1,000 1,000 800 200 800 200 600 600 400 100 400 7.1% 7.3% 100 4.8% 4.9% 7.3% 4.0% 200 3.3% 3.1% 200 0 0 0 0 0.8% -1.4% -100-100 99 00 01 02 03 99 00 01 02 03 *3 31 1 *3 31 1 ( ) ( ) ( ) ( ) 1,200 300 1,200 300 1,000 1,000 800 200 800 200 600 600 400 100 400 100 5.3% 5.3% 3.6% 4.3% 4.3% 200 200 0 0 0 0-3.0% -6.8% -6.6% -8.1% -12.8% -100-100 99 00 01 02 03 99 00 01 02 03 *3 31 1 *3 31 1 70 Sony Corporation Annual Report 2003
ROE 1 ( ) (%) ( ) 250 25 300 200 20 150 15 200 100 50 0 9.8% 6.1% 5.0% 0.7% 0.7% 99 00 01 02 03 10 5 0 100 0 99 00 01 02 03 ROE 1 1 *3 31 1 *3 31 1 *2000 5 19 ( ) ( ) (%) 1,500 2,500 50 2,000 40 1,000 1,500 32.1% 29.6% 29.0% 29.0% 27.2% 30 500 1,000 500 20 10 0 99 00 01 02 03 0 99 00 01 02 03 0 1 *3 31 *3 31 Sony Corporation Annual Report 2003 71
1 ( ) ( ) 3,000 2,500 2,000 1,500 1,000 500 0 99 00 01 02 03 1,000 800 600 400 200 0-200 -400-600 -800 99 00 01 02 03 *3 31 *2000 5 19 *3 31 1 ( ) 400 300 200 100 ( ) 500 400 300 200 100 0 99 00 01 02 03 0 99 00 01 02 03 *3 31 1 * *3 31 1 72 Sony Corporation Annual Report 2003
2001 3 31 2002 3 31 2003 3 31 364,695,373 1,753 356,678,842 1,667 331,477,756 1,660 270,007,301 551 260,533,688 485 249,934,658 446 216,415,427 609,821 253,033,597 717,141 281,939,398 791,371 55,029,317 5,666 47,924,895 5,755 51,973,659 6,017 13,469,716 97 4,650,333 76 10,131,705 121 919,617,134 617,888 922,816,355 725,124 925,457,176 799,615 2001 39.6% 29.4% 23.5% 6.0% 1.5% 2002 38.7% 28.2% 27.4% 5.2% 0.5% 2003 35.8% 27.0% 30.5% 5.6% 1.1% 25,000 20,000 15,000 10,000 200 5,000 0 100 0 1999 2000 2001 2002 1 2 32000 5 19 1 2 2003 3 31 1 3 31 1 1999 2000 2001 2002 2003 5,475 14,500 8,900 6,700 4,200 6,745 16,950 15,100 10,340 7,460 3,615 5,360 7,510 3,960 4,070 3.1% +164.8% 38.6% 24.7% 37.3% 410,439 453,639 919,617 919,744 922,385 4.49 13.16 8.18 6.16 3.87 1 25.0 25.0 25.0 25.0 25.0 195.51 131.70 19.28 16.67 118.21 2,224.35 2,409.36 2,521.19 2,570.31 2,466.81 1 2000 5 19 1 2 Sony Corporation Annual Report 2003 73
Sony Corporation Annual Report 2003 74 1970 1976 CEO 1983 1991 1994 1997 1998 1999 2000 2002 2003 2003 6 20 3 8 17 3 312 2003 4 1
3 3 5 CEO COO Independent Director 1 Sony Corporation Annual Report 2003 75
* * * * * * * * * * 76 Sony Corporation Annual Report 2003
2003 6 20 CEO COO CSO CPO 1937 11 22 1960 1988 1989 1990 1995 COO 1999 CEO 2000 CEO 2001 2003 CEO 1942 1 1 1969 1985 1990 COO 1994 1999 IT &COO 2000 COO 2003 COO 1945 8 9 1969 1989 1995 1999 CFO 2000 CFO 2003 CSO & 1939 5 20 1963 1988 1990 1993 1994 AV 2000 2001 2003 CPO 1943 8 7 1971 1992 1997 1999 2000 2003 Sony Corporation Annual Report 2003 77
UFJ 1942 2 19 1986 CBS 1988 CBS 1995 TELE-TV CEO 1997 1998 CEO 1999 2000 2003 1950 8 2 1975 1991 PS 1999 2000 2001 CEO 2003 1945 4 28 1983 1985 1997 ABB CEO 1999 ABB 2001 2003 1937 3 10 1961 1977 1988 1989 1993 2003 1942 1 22 1973 1984 1991 1999 2000 UFJ 2001 1938 4 9 1991 1995 1996 1997 2001 2002 78 Sony Corporation Annual Report 2003
CEO CEO 1946 1 1 1969 1989 1992 1993 1995 1996 1998 1999 2002 2003 1933 4 25 1978 1987 1992 1996 ABB 1998 1999 2003 1954 3 9 1985 COO 1990 CEO 2001 CEO 2002 2003 1949 9 10 1995 2001 2002 2003 1935 9 13 1980 1999 2000 CEO 2001 2003 1937 6 30 1986 1991 1993 1999 ARI 2000 2001 2002 2003 Sony Corporation Annual Report 2003 79
CEO COO CSO & CPO IT& CIO CFO 2003 6 20 80 Sony Corporation Annual Report 2003
141-00016-7-35 TEL: 03-5448-2111 FAX: 03-5448-2244 IR IR TEL: 03-5448-2180 FAX: 03-5448-2183 Sony Corporation of America Investor Relations 550 Madison Avenue, 27th Floor, New York, NY 10022-3211 TEL: U.S. and Canada 800-556-3411 International 1-402-573-9867 FAX: 1-212-833-6938 Sony Global Treasury Services Plc. Investor Relations St. Helens, 1 Undershaft, London EC3A 8EE TEL: 44-20-7444-9713 FAX: 44-20-7444-9763 http://www.sony.co.jp/ir/ http://www.sony.net/ir/ 6 100-6088 3-2-5 32 ADR JPMorgan Chase Bank 270 Park Avenue, New York, NY 10017-2070, U.S.A. JPMorgan Service Center JPMorgan Chase Bank P.O. Box 43013, Providence, RI 02940-3013, U.S.A. TEL: U.S. 800-360-4522 International 1-781-575-4328 CIBC Mellon Trust Company 2001 University Street, 16th Floor, Montreal, Quebec, H3A 2A6, Canada TEL: 1-514-285-3600 UFJ 137-8081 7-10-11 TEL: 03-5683-5111 799,615 2003 3 31 CSR CSR TEL: 03-5448-3533 FAX: 03-5448-7838 http://www.sony.co.jp/eco/ http://www.sony.net/eco/ 2003 2003 IR 2003 URL http://www.sony.co.jp/ir/ 100% VOC Sony Corporation Annual Report 2003 81
Printed in Japan
2003 3 Consolidated Financial Information 2003 2003 3
... 3... 32... 34... 36... 40... 42... 44... 46... 50... 51... 105 1
2
2003 8 26 2002 2002 2001 1.4% PC DVD 2001 2001 37.7% 2001 2001 2002 2001 2% 2002 2001 5% 2002 2001 1,070 2002 1,063 2001 869 2002 725 600 PC 2002 PC 2001 PC 9,600 2002 8,100 PC 69 13 56 2001 2002 10 12 1 230 138 92 2002 4 OEM 2003 81 2002 59 2001 123 2002 109 2003 500 3
CD 2000 SMEI 2001 86 2002 224 2003 2002 1 CD 2002 2003 4 2 CD 600 1,400 SMEJ 239 18 2002 50 2002 2002 69 2003 230 2002 2002 15 2003 59 2003 22 2002 10 109 2003 2002 115 2005 2001 239 2005 434 45 4
2002 2001 1,046 1.4% 7 4,736 2002 2001 2,602 5.0% 4 9,794 2001 74.2% 72.0% 2001 80.5% 78.8% 74.7% 70.2% 62.0% 58.2% 57.6% 60.8% 2001 2 PS2 2002 VHS/DVD 2002 4 2002 4 2003 3 2002 2001 99 2.3% 4,431 2001 6.1% 6.4% 2002 2001 766 4.4% 1 8,195 2001 24.6% 26.1% 2002 2001 19.9% 20.8% 17.1% 18.0% 39. 3% 40.6% 33.1% 34.5% 408 VHS/DVD 2001 305 3 2002 146 23.3% 774 169 2001 2002 2002 339 100 NACS 64 190 2002 4 2001 4 26.6% 32.5% 2001 4 233 2002 4 2002 2001 508 37.7% 1,854 2001 1.8% 2.5% 5
25 3 31 2002 2003............. 5,286.2 4,940.5-6.5%.................... 1,003.7 995.0-4.9...................... 642.8 636.3-1.0...................... 635.8 802.8 + 26.3...................... 512.2 540.5 + 5.5.................... 203.8 250.3 + 22.8........ 706.4 651.7 -........................ 7,578.3 7,473.6-1.4............. 1.2 41.4 -.................... 82.9 112.7 + 35.9%...................... 20.2 8.7 -...................... 31.3 59.0 +88.6...................... 22.1 23.3 + 5.4.................... 16.6 32.0 -...... 4.1 10.3-134.6 185.4 +37.7 2002 1 2001 2002 4 NACS NACS SCN IC 2002 2001 3,457 6.5% 4 9,405 2001 12 2002 414 18 12% 9% 2% PC DVD CD-R/RW 2001 PC PC PC 2002 PC 2001 10 SEMC SEMC SEMC SEMC 6
2002 4 2001 4 2,270 18.1% 1 253 2001 4 PC 25 650 8.7% 6,825 MD CD 2002 MD 2001 37 332 CD 25 1,072 2001 170 2.1% 8,234 2002 2001 220 560 35 575 DVD 38 0.4% 8,461 2002 2001 1,000 2,088 17.9% 9,586 PC 2001 10 SEMC PC 2002 PC 2001 40 310 PC 224 12.3% 2,047 CCD CD-R/RW DVD LCD 118 2.2% 5,374 DVD DVD 2002 2001 800 1,900 2002 3,900 CD-R/RW PC 7
104 2.1% 4,907 2001 10 SEMC SEMC 2002 2001 3,685 8.7% 3 8,692 2001 2001 3,803 2001 80.5% 78.8% 2001 198 1.9% 1 299 2001 2002 365 PC 2002 190 2002 PC 56 169 2001 19.9% 20.8% 2001 PC 2001 2001 10 SEMC PC 2002 12 1 4 2002 4 2001 4 2002 4 2001 4 513 1,161 59 PS2 55% 15% 60% 10% 70% 25% 2001 2001 2002 7% 2001 2002 2001 2001 2001 2001 2001 8
2001 2001 2001 2001 2002 2001 487 4.9% 9,550 297 35.9% 1,127 2001 8.3% 11.8% 2001 2002 2001 7% 12% PS2 PS2 PS2 3 31 2003 3 31 2002 2003 PS one 740 678 9,641 2 1,807 2,252 5,120 * 9,100 6,100 91,700 2 12,180 18,990 35,000 * PS2 2001 57% 2002 76% PS2 2002 2001 PS2 2001 2001 2002 2001 65 1.0% 6,363 2001 202 2002 87 2001 2002 2001 1% 2001 2002 SMEI 6% 2001 2002 DVD DVD VHS/DVD DVD DVD DVD PS2 9
SMEI SMEI 2003 3 19 2002 2001 10% CD SMEI 2001 120 2002 190 224 30.8 DVD 2001 2002 SMEJ 2001 10% 81% SMEI 72% SMEJ 28% 2002 2001 1,670 26.3% 8,028 277 88.6% 590 2001 4.9% 7.3% SPE 2002 2001 30% 92% SPE X Mr 2002 VHS/DVD DVD VHS/DVD 2002 2001 16 2 2002 VHS/DVD 221 2001 52 2001 2001 67 85 2002 SPE 66 2001 26 2002 13 SPE 2002 2001 283 5.5% 5,405 12 5.4% 233 2001 4.3% 2002 195 4.4% 4,666 18 6.4% 296 * 2001 10
3 2001 2002 IC 2001 6 2001 * 3 31 2002 2003 2002 2003 2002 2003...................... 512,245 540,519 - - 483,313 512,641................. - - 7,102,369 6,971,737 7,094,945 6,960,992 512,245 540,519 7,102,369 6,971,737 7,578,258 7,473,633....... 490,111 517,181 6,989,446 6,808,635 7,443,627 7,288,193............................ 22,134 23,338 112,923 163,102 134,631 185,440 -............... 1,861 1,307 40,421 67,878 41,856 62,181............................ 20,273 22,031 72,502 230,980 92,775 247,621......................... 11,477 13,072 72,785 120,062 83,443 132,102........... 4,305-1,673-5,978 -............................ 13,101 8,959 1,390 110,918 15,310 115,519 2002 SCN IC NACS 2002 2001 465 22.8% 2,503 2002 52% 2001 166 320 2002 SCN NACS 2001 SCN 2001 2002 2002 2001 612 63.5% 1,575 428 31.0% 953 2001 419 2002 622 2002 726 11
665 2002 4 60 2003 4 60 2001 317 2002 19 2001 2001 12 2002 3 2001 160 144 2001 2002 2001 91 25.0% 273 2001 204 129 2001 47 25.7% 232 2002 2001 1,548 2.7 2,476 2001 2002 2002 2001 156 24.0% 808 519 2002 2001 70.3% 32.6% 2002 2001 345 447 208 LCD BE-ST KG SEMC 2001 10 2002 107 2001 74 2002 4 GSM 2 2001 4 2002 4 2003 1 SEMC 150 2002 1 SPE NBC SMEI AOL CHC 2002 6 2003 8 23.9% 60 12
2001 162 2002 66 2002 10 12 2002 2001 1,002 7.5 1,155 2001 0.2% 1.5% 2001 775 1,321 2001 0.7% 5.0% 1 2001 16.72 2002 125.74 1 2001 16.67 118.21 2 22 2002 120.9 119.5 2001 2.6% 8.8% 2001 2001 2002 SMEI SMEJ SPE SMEI SPE 2001 2001 2001 SGTS SGTS SGTS SGTS SGTS 3 1 1 1,393 4,845 2,388 13
a b C 100% 10 12 3 2003 3 1 603 a 4,403 b C 6,200 C 2,860 12 2002 CP MTN SGTS CP CP CP CP CP 2003 3 CP 2 600 2002 CP 528 2003 3 CP 528 CP SGTS MTN 144A MTN MTN 2003 3 MTN 1 2,000 2003 3 MTN 780 S&P 2 R&I / A1 /P-1 S&P A+ /A-1 R&I AA/a-1+ 2003 6 25 Aa3 A1 R&I 2003 6 16 AA+ R&I CP 14
SGTS SGTS SGTS 4 S&P AA- AM A+ R&I AA S&P 2002 4 2001 9 S&P / A-/A-2 1 1 3 3 5 5 ( 12).............. ( 9 12)........ 39,899 11,313 19,731 2,696 6,159 ( 12)............ 801,925 23,072 452,478 196,327 130,048 289,511 51,786 77,953 ( 9)........................... 47,305 112,467 ( 24).................. 30,814 30,814 - - - 54,508 24,913 20,182 ( 24).......... 6,138 3,275 ( 24).................... 128,140 65,831 62,309 - - 2003 3 2,978 24 2003 3 308 2003 3 545 2003 3 1,281 15
( 23 24) ( ).................................................................. 49,078....................................................... 25,727................................................... 30,574........................................................................................ 33,740........................................................................................ 139,119 9 CP 140 Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities 2003 3 7 FASB 46 2001 SCA 2 55 2008 12 SCA SCA 2 14 FASB 46 1999 SPE SPE SPE 1 6 11 3 2003 3 11.2 SPE 12 3 4 5 SPE SPE 30 SPE SPE 11 SPE 19 30 30 SPE SPE 12 2008 3 10 SPE 2003 3 16
255 SPE FASB 46 1994 1996 908 326 582 2004 11 2003 3 128 FASB 46 1997 46 2003 3 69 2002 2001 1,848 2.3% 8 3,705 2001 2002 2001 5% 2002 2,511 4.1% 5 8,158 4,144 16.6% 2 9,104 2002 2001 1,830 5.5% 3 1,542 2,732 9.8% 2 5,010 2002 4 2001 4 2,365 20.1% 9,422 2002 2001 477 7.1% 6,257 1.57 2001 0.28 796 15.6% 4,324 PS2 244 20.5% 1,434 2002 612 9.8% 6,879 2002 2001 2,963 17.5% 1 9,941 2002 476 11.3% 3,727 SEMC 2002 3,532 25.4% 1 7,417 17
6 12 20 20 2003 3 31 1,301,734 36,073 8,231 1,329,576 248,483 1,164 199 249,448 23,337 1,710 2,603 22,444 2,662 1,710 4 4,368 17,322 656 1 17,977 1,593,538 41,313 11,038 1,623,813 37,860 4,802 1,723 40,939 831 16 0 847 38,691 4,818 1,723 41,786 1,632,229 46,131 12,761 1,665,599 BBB 2003 3 82 26 80 6 2003 3 5 19 2003 3 22 1 5 47 10 31 2003 3 696 2000 2001 2002 42 276 255 2001 2002 92 23 18
3 2002 3 84 14 ALM 1.7% 2002 2001 1,333 9.4% 1 2,784 2002 2001 1,292 9.5% 1 2,324 2002 2002 2001 41 8.2% 460 2002 2001 655 20.0% 2,612 497 22.6% 1,703 124 77.2% 37 2001 2002 2001 2001 2002 2001 102 3.0 154 2001 68 14.3% 410 44 37.9% 71 3 1.6% 219 2002 2001 2,300 16.1% 1 6,561 2002 2001 2,241 21.8% 1 2,518 2002 2002 2001 40 0.9% 4,348 19
2002 2001 2,756 4.8% 6 676 2001 2002 2001 7% 2002 2001 1,564 4.1% 3 6,620 4,109 18.9% 2 5,887 2002 2001 1,234 4.8% 2 4,350 2002 2001 3,059 12.9% 2 615 1 2,033 61.6% 1,267 821 10.6% 6,933 2002 4 2001 4 2002 2001 1,655 65.0% 4,202 1,422 2.3 2,487 2002 2001 3,991 12.3% 3 6,326 2002 2001 1,495 10.3% 1 6,005 1,958 67.1% 4,874 2002 2002 2001 2,454 12.8% 2 1,685 2,340 13.9% 1 9,144 2002 2002 2,265 19.0% 9,662 2002 2001 2,139 18.7% 9,296 15 2003 3 4 106 1.3% 8,029 2,033 61.6% 1,267 2002 2001 895 3.8% 2 2,809 2002 2001 720 1,827 2,258 3,022 2002 2001 942 4.2% 2 1,381 35 1.1% 3,217 2002 2001 29.0% 27.2% 20
3 31 2002 2003 2002 2003 2002 2003................................. 626,676 687,925 2,774,121 2,500,959 3,337,212 3,154,214................. 327,262 274,928 356,538 438,130 683,800 713,058................................. 157,363 236,621 4,784 4,899 162,147 241,520...................... 76,530 69,067 1,178,675 942,193 1,242,826 1,007,395................................... 65,521 107,309 1,234,124 1,115,737 1,248,439 1,192,241........................... - - 313,054 287,778 313,054 287,778.......................... 1,388,556 1,741,748 420,226 372,671 1,697,807 1,994,123............ - - 170,189 170,189 - -........................... 50,084 45,993 1,361,582 1,232,357 1,411,666 1,278,350........................... 430,736 434,768 1,027,716 1,251,811 1,426,056 1,656,080........................... 308,204 327,869 - - 308,204 327,869................................... 122,532 106,899 1,027,716 1,251,811 1,117,852 1,328,211 2,496,052 2,910,434 6,066,888 5,815,765 8,185,795 8,370,545................................. 254,740 420,246 2,367,341 2,061,485 2,558,496 2,435,048............................... 66,886 72,753 329,977 126,687 354,063 158,745...................... 4,552 5,658 775,452 693,347 767,625 697,385.............. 106,472 248,721 - - 106,472 248,721................................... 76,830 93,114 1,261,912 1,241,451 1,330,336 1,330,197................................. 1,923,126 2,168,476 1,451,033 1,600,484 3,233,521 3,632,580........................... 135,958 140,908 813,487 802,911 838,617 807,439........................ 7,469 8,737 291,620 487,437 299,089 496,174....................... 1,680,418 1,914,410 - - 1,680,418 1,914,410................................... 99,281 104,421 345,926 310,136 415,397 414,557........................... - - 16,170 15,677 23,368 22,022.................................... 318,186 321,712 2,232,344 2,138,119 2,370,410 2,280,895 2,496,052 2,910,434 6,066,888 5,815,765 8,185,795 8,370,545 2002 8,538 2001 1,162 15.8% 5,428 2002 2001 1,068 24.5% 3,160 2002 2001 143 4.8% 2002 7,064 607 7.9% 1,852 2002 884 1,358 2001 1,838 49.8% 21
5,174 1,155 28.7% 1 264 5,425 2002 2001 1,769 1,474 2001 295 2001 2,906 5.3 3,577 2001 1,012 2,014 2002 931 2001 850 229 2,511 2001 316 15 2003 3 4 1,491 2001 1,203 1,422 2.3 2002 2001 293 4.3% 7,131 816 22.9% 4,381 523 16.0% 2,749 3 31 2002 2003 2002 2003 2002 2003.. 301,625 315,968 436,059 542,848 737,596 853,788 401,866 517,383 368,951 185,163 767,117 706,425............ 120,255 149,086 31,603 251,128 85,040 93,134............. 3 5 21,033 24,965 21,036 24,971.... 20,017 52,334 56,538 81,592 76,555 29,258.......... 307,245 327,262 300,000 356,538 607,245 683,800.......... 327,262 274,928 356,538 438,130 683,800 713,058 EVA 2002 3 EVA EVA *EVA 22
2 3 13 3 2002 2001 99 2.3% 4,431 200 6.1% 6.4% 31 0.8% 3,803 132 27.4% 615 66% 34% 2002 2001 6,900 16 1,1 00 2002 2002 2003 6 20 1 12 50 1 12 50 1 25 2003 23
2000 2006 60 3 1 3,000 1 3 5,000 2 3 5,000 3 3 3,000 2003 4 300 65 3 2,000 2003 730 SCEI SCEI 2001 IBM 2002 3 4 24
65 DRAM 2003 5 PSX PSX PS2 OS TV/BS PS2 DVD/HDD CD 2003 2004 PSX EE GS OS PS2 DVD SCEI PSP 2004 PSP 60mm UMD 1.8GB ROM 2002 11 SCA 4 5,300 2003 1 SCA 2002 8 SMEI ATV 1 5,700 2003 2002 2003 2002 2002 1,400 2002 665 CCD PS2 PS2 PS2 2,000 PSone 2002 PS2 DVD 2002 2002 25
3 5,000 2,000 2003 730 3,000 2003 3,500 2003 2002 2002 380 11% 3,900 2003 2002 PS2 3 5,000 15 2003 3 31 1 124 81 27 142 26
142 2003 3 10 6 12 20 20-10 2003 3 1.9% 1.9 2002 3 3 2.4% 0.5% 0.5% 2003 3 31 120 2002 3 31 2003 3 4 2003 3 31 14.6% 27
2002 3 31 2003 3 31 3,256 5,130 2 2002 3 3 2003 31 1,480 3,087 2003 3 ( ) ( ) 0.25% /0.25% -/+500 -/+60 +/-31 0.25% /0.25% - -/+10 +/-6 1.00% 5.50% 2 2 28
2002 4 1 (Statement of Financial Accounting Standards ) 144 Accounting for the Impairment or Disposal of Long-Lived Assets 144 121 Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of APB 30 - (Reporting the Results of Operations Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions) 144 144 144 2003 3 31 1 FASB 4 44 64 FASB 13 Rescission of FASB Statements No. 4, 44 and 64, Amendment of FASB Statement No. 13, and Technical Corrections 2002 4 (Financial Accounting Standards Board FASB ) 145 FASB 4 44 64 FASB 13 2002 5 16 2002 5 16 2002 4 1 145 2002 6 FASB 146 (Accounting for Costs Associated with Exit or Disposal Activities) Emerging Issues Task Force EITF 94-3 (Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an activity including Certain Costs Incurred in a Restructuring ) 146 2003 1 1 146 146 146 2003 1 1 2002 11 FASB FASB FASB Interpretation 45 5 57 107 34 Guarantor s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others, an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB Interpretation No. 34 45 2003 1 1 45 2003 3 31 1 2003 3 45 - - 2002 12 FASB 148-123 Accounting for Stock-Based Compensation - Transition and Disclosure - an Amendment of FASB Statement No. 123 148 123 Accounting for Stock-Based Compensation 29
148 148 2003 3 31 APB 25 Accounting for Stock Issued to Employees 148 148 2003 1 FASB 46 - ARB 51 (Consolidation of Variable Interest Entities - an Interpretation of ARB No.51) ( VIE ) 46 2003 2 1 VIE 2003 1 31 VIE 46 2004 3 31 2 2003 1 31 VIE 46 2003 1 31 VIE 46 VIE 18 973 VIE 23 2003 2 1 2003 3 31 VIE 2001 6 FASB 143 (Accounting for Asset Retirement Obligations) 143 2003 4 1 143 2002 11 FASB EITF 00-21 Accounting for the Revenue Arrangements with Multiple Deliverables 2003 6 16 2003 4 FASB 149 133 (Amendment of Statement 133 on Derivative Instruments and Hedging Activities) 133 2003 5 FASB 150 (Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity) 2003 6 1 2003 5 31 2003 6 16 150 2004 3 31 1 1 150 30
2003 8 26 CSO CFO 31
3 31 : 1 1 2 3 4 2002 2003 2002 2003 2002 2003 2002 2003............ 1,633.5 1,721.8 1,780.9 1,789.7 2,279.3 2,307.7 1,884.6 1,654.4................. 3.0 51.9 (3.4) 50.5 158.6 199.5 (23.6) (116.5)................ (14.3) 116.6 0.6 48.8 119.3 201.9 (12.8) (119.7)....................... 20.3 53.6 14.8 (14.9) 39.0 65.5 (8.9) (23.4).......... (36.1) 57.2 (13.2) 44.1 64.0 125.4 (5.5) (111.1)................ (30.1) 57.2 (13.2) 44.1 64.0 125.4 (5.5) (111.1) 1....................... (39.26) 62.23 (14.34) 47.89 69.72 136.19 (5.91) (120.47)...................... (39.26) 57.90 (14.34) 44.70 64.87 126.05 (5.91) (120.47)........................ (32.75) 62.23 (14.34) 47.89 69.72 136.19 (5.91) (120.47)...................... (32.75) 57.90 (14.34) 44.70 64.87 126.05 (5.91) (120.47) *........... 80.0 83.3 87.5 83.7 94.6 88.7 92.0 96.2............. 86.1 60.7 93.3 67.0 75.2 56.9 72.1 76.6..................... 103.2 97.9 123.2 108.3 98.9 105.6 107.9 131.4 1 **........................... 10,200 7,450 8,150 6,300 6,200 5,540 7,200 5,110........................... 8,100 5,810 4,210 4,850 3,980 4,870 5,540 4,080 1ADR **........................... $ 85.50 $ 59.70 $ 65.75 $ 53.17 $ 49.86 $ 45.29 $ 56.59 $ 43.31........................... 65.80 48.63 33.20 40.51 33.72 39.88 41.00 34.86 * ** 1. 2002 4 1 Statement of Financial Accounting Standards 144 Accounting for the Impairment or Disposal of Long-Lived Assets 144 2003 3 31 1 2. 2002 4 Financial Accounting Standards Board FASB 145 FASB 4 44 64 FASB 13 Rescission of FASB Statements No.4, 44 and 64, Amendment of FASB Statement No.13, and Technical Corrections 2002 4 1 145 3. 2002 6 FASB 146 Accounting for Costs Associated with Exit or Disposal Activities Emerging Issues Task Force EITF 94-3 Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity including Certain Costs Incurred in a Restructuring 146 2003 1 1 4. 2002 11 FASB FASB Interpretation 45 5 57 107 34 Guarantor s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others, an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB Interpretation No.34 45 2003 3 31 2003 3 31 5. 2002 12 FASB 148 123 Accounting for Stock- Based Compensation Transition and Disclosure an Amendment of FASB Statement No.123 Accounting Principles Board Opinion APB 25 Accounting for Stock Issued to Employees 148 6. 2003 1 FASB 46 ARB 51 Consolidation of Variable Interest Entities an Inter- pretation of ARB No.51 VIE 46 2003 2 1 VIE 2003 1 31 VIE 46 2004 3 31 2 2003 2 1 2003 3 31 VIE 32