Sony 1997 Annual Report Download - page 2

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Sony is one of the world’s premier names in electronics and entertainment. Established in 1946,
the company is now a globally active organization whose name is widely recognized as a mark of
excellence on trend-setting products as well as a range of music, movie, and other entertainment
software. Sony has always drawn on leading technology to carve out new markets. This drive is
now focusing on digital and network technologies. Under the “Digital Dream Kids” concept, Sony
aims to harness the potential of digital technology to continue supplying hardware and software
that are sources of enjoyment for customers around the world.
CONTENTS
Statements made in this annual report with respect to Sony’s plans, strategies, and beliefs as well as other statements that are not historical
facts are forward-looking statements, which involve risks and uncertainties. Potential risks and uncertainties include, without limitation,
general economic conditions in Sony’s markets, exchange rates, and Sony’s ability to continue to win acceptance of its products, which are
offered in highly competitive markets characterized by continual new product introductions, rapid developments in technology, and subjec-
tive and changing consumer preferences.
Financial Highlights ............................................... 1
To Our Shareholders .............................................. 2
Sony’s President Looks Ahead ................................ 4
Feature Section ...................................................... 6
At a Glance ............................................................ 10
Review of Operations
Video Equipment................................................ 12
Audio Equipment ............................................... 15
Televisions ......................................................... 18
Other Products ................................................... 21
Music Group ...................................................... 24
Pictures Group ................................................... 27
Concerned for the Environment ............................. 30
Involved in the Community .................................... 31
Founders/Board of Directors and Officers .............. 32
Financial Review ................................................... 33
Quarterly Financial and Stock Information ............. 37
Five-Year Summary of Selected Financial Data ...... 38
Composition of Sales and Operating Revenue
by Geographic Area and Business Group ............ 39
Consolidated Balance Sheets ................................. 40
Consolidated Statements of Income
and Retained Earnings ........................................ 42
Consolidated Statements of Cash Flows ................. 43
Notes to Consolidated Financial Statements ........... 44
Report of Independent Accountants ....................... 62
Investor Information ............................................... 63