Sony 2000 Annual Report Download - page 4
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SONY CORPORATION ANNUAL REPORT 2000
2
During the year ended March 31, 2000, Sony began to take major steps to refashion itself as a
company that can continue to grow in the network era of the 21st century. In this sense, the year
can be said to have been a significant turning point for Sony.
On a sad note, the past year was also marked by the October 1999 death of Sony’s Founder
and Honorary Chairman Akio Morita, a man who was instrumental to this company’s growth for
more than 50 years.
A REBOUND FOR THE ELECTRONICS BUSINESS AND A SUCCESSFUL INTRODUCTION OF
PLAYSTATION 2
During the year under review, due to the impact of the yen’s appreciation, Sony’s consolidated
net sales decreased 1.7% to ¥6,686.7 billion and operating income fell 30.9% to ¥240.6 billion.
However, on a local currency basis, it was a year in which Sony’s businesses performed well,
with both consolidated sales and operating income rising. In the Electronics business, double-
digit growth on a local currency basis was achieved in all four geographic areas – Japan, the U.S.,
Europe, and Other areas. By product category, information technology products such as VAIO
TO OUR
shareholders