Sony 2003 Annual Report Download - page 225

Consolidated Financial Information 2003
- 139 -
based upon the information currently available to both Sony and its legal counsel, management of Sony
believes that damages from such lawsuits, if any, would not have a material effect on Sony's consolidated
financial statements.
The changes in product warranty liability for the year ended March 31, 2003 are as follows:
Yen in
millions
Dollars in
millions
Year ended
March 31
Year ended
March 31
2003 2003
Balance at beginning of year ¥53,671 $447
Provision for warranty reserve 47,260 394
Settlements (in cash or in kind) (46,628) (389)
Changes in estimate for pre-existing
warranty reserve (2,032) (17)
Translation adjustment (379) (3)
Balance at end of year ¥51,892 $432
25. Business segment information
Effective for the year ended March 31, 2003, Sony has partly changed its business segment configuration as
described below.
Related businesses in the Network Application and Contents Service Sector (“NACS”), established in April
2002 to enhance network businesses, are included in the Other segment. In addition to Sony Communications
Network Corporation, which was originally contained in the Other segment, NACS-related businesses include
an internal information system related business, and an IC card business formerly contained in the “Other”
category of the Electronics segment.
As a result, business segment information for the years ended March 31, 2001 and 2002 have been
restated to conform to the presentation for the year ended March 31, 2003.
The Electronics segment designs, develops, manufactures and distributes audio-visual, informational and
communicative equipment, instruments and devices throughout the world. The Game segment designs,
develops and sells PlayStation and PlayStation 2 game consoles and related software mainly in Japan, the
United States of America and Europe, manufactures semiconductors used in the game consoles in Japan, and
licenses to third party software developers. The Music segment is mainly engaged worldwide in the
development, production, manufacture, and distribution of recorded music, in all commercial formats and
musical genres. The Pictures segment develops, produces and manufactures image-based software,
including film, video, and television mainly in the United States of America, and markets, distributes and
broadcasts in the worldwide market. The Financial Services segment represents the insurance-related
underwriting business, primarily individual life insurance and non-life insurance businesses in the Japanese
market, leasing and credit financing businesses and bank business in Japan. The Other segment consists of