Annual Report Sony Jeffery Williams ACG2021
Executive Summary There was a noticeable decrease in sales yet Sony still produced new technology that should save there market during the holidays. ancial/ar/2004/index.html
Part A. Introduction Nouyuki Idei- Chief Executive officer Sony Corporation of America, based in New York City March 31, 2004 Sony manufactures and provides audio, video, and communication products. The main geographic area of activity is in the United States.
Part A. Audit Report Hiromichi, Fujikata; Akihisa,Onishi; Mitsuoki,Kawamura The committees current focus is trying to find ways to improve and solidify Sony as the strongest consumer brand.
Part A. Stock Market Information Current Stock Price Q1Q2Q3Q4 High Low
Part A. Stock Market Information Cont. Dividend Per Share Date of info March 31,2004 Sony stockholders should hold there stock until there is a noticeable point at which they could sell and make a profit.
Part B. Industry Situation and Company Plans Sony has faced a challenging fiscal year, yet still they increased there sales. New electronic products helped to increase there growth during the year end holiday season. Sony’s future plans is to concentrate on management resources seeing a potential growth in improving products.
Part C. Income Statement Sony uses a multi- step format Gross Profit 2,064 Million 1,176 Million Income for Operations 1,545 Million 951 Million Net Income 963 Million 851 Million
Part C. Income Statement Cont. Gross profit, Income for Operations, and Net Income have all shown a decrease in the past year.
Part C. Statement of Cash Flows Cash flows from operations are more than net income for the past two years. Sony is decreasing through investments, not showing any positive growth through, property, plant, equipment, and other assets. The company’s primary source of financing is short-term and long-term loans. Cash has decreased over the past two years.
Part C. Balance Sheet AssetsLiabilities Stockholders Equity ,75550,56419, ,34028,67522,865 In 2004 Assets and Liabilities have decreased by almost half of what they were in Stockholder’s Equity had a increase from 2003.
Part D. Accounting Policies I Couldn’t find any significant accounting polices relating to revenue recognition, cash, short-term investments, inventories, and property and equipment. Index to Notes to Consolidated Financial Statements Sony Corporation and Consolidated Subsidiaries Note topics for the Financial Statements 1. Nature of operations 2. Summary of significant accounting policies 3. U.S. dollar amounts 4. Inventories 5. Film costs 6. Related party transactions 7. Marketable securities and securities investments and other 8. Leased assets 9. Goodwill and intangible assets 10. Insurance-related accounts 11. Short-term borrowings and long-term debt 12. Deposits from customers in the banking business 13. Financial instruments 14. Pension and severance plans 15. Stockholders' equity 16. Stock-based compensation plans 17. Restructuring charges and asset impairments 18. Research and development costs, advertising costs and shipping and handling costs 19. Gain on issuances of stock by subsidiaries and equity invested 20. Income taxes 21. Reconciliation of the differences between basic and diluted net income per share (“EPS”) 22. Variable interest entities 23. Commitments and contingent liabilities 24. Business segment information
Part E. Financial Analysis Liquidity Ratios Working Capital 3,665 Current Ratio Receivable Turnover Days Sales in A/R Inventory Turnover Days of Inventory Ratios in millions of dollars
Part E. Financial Analysis Profitability Ratios Profit Margin Asset Turnover 1.98 Return on Assets Return on Equity Ratios in millions of dollars
Part E. Financial Analysis Solvency Ratio Debt to Equity 0.32 Ratio in millions of dollars
Part E. Financial Analysis Market Strength Ratio Price/earnings per share Dividend yield 0.010