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SONY CORPORATION ANNUAL REPORT 2000
7
April 2000. We plan to expand this system to encompass other levels of management in the
following fiscal year.
AIMING TO CREATE GREATER SHAREHOLDER VALUE
At the end of March 2000, the market capitalization of Sony Corporation was ¥13 trillion,
approximately three times greater than the amount at the end of March 1999, ¥4.5 trillion.
We recognize that shareholders have high expectations as reflected in this increase in
market capitalization.
To facilitate investment in Sony shares by individual investors, we carried out a two-for-one
stock split for shareholders of record as of March 31, 2000. New shares were distributed in May
to such shareholders.
We expect the challenges of the current operating environment to continue for the fore-
seeable future. However, as we look ahead to the age of broadband networks, we believe our
new management team is fully committed to the vigorous implementation of Sony’s reforms. By
working to create even greater shareholder value, we pledge to do our best to meet the expec-
tations of Sony’s shareholders.
June 6, 2000
Norio Ohga Nobuyuki Idei
Cha irma n President a nd Chief Executive Officer