Sony 2003 Annual Report Download - page 93
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Consolidated Financial Information 2003
7
Services revenue. This is because cost of sales is not recorded in relation to other operating revenue and because
the analysis of cost of sales and selling, general and administrative expenses does not include an analysis of the
Financial Services segment. All the above ratios include intersegment transactions.
Operating Income
Operating income for the fiscal year ended March 31, 2003 increased by 50.8 billion yen, or 37.7 percent, to
185.4 billion yen compared with the previous fiscal year. Operating income margin increased from 1.8 percent to 2.5
percent. The segments making the most significant contributions to the year on year increase in operating income
were the Electronics segment, the Game segment and the Pictures segment, in descending order of financial impact.
Operating Performance by Business Segment
The following discussion is based on segment information. Sales and operating revenue in each business
segment include intersegment transactions. Refer to Note 25 of Notes to Consolidated Financial Statements.
Business Segment Information
(Yen in billions)
Year ended March 31
Sales and
Operating revenue 2002 2003
Percent change
Electronics . . . . . . . . . . . . 5,286.2 4,940.5 - 6.5%
Game . . . . . . . . . . . . . . . . 1,003.7 995.0 - 4.9
Music . . . . . . . . . . . . . . . . 642.8 636.3 - 1.0
Pictures . . . . . . . . . . . . . . 635.8 802.8 + 26.3
Financial Services . . . . . . 512.2 540.5 + 5.5
Other . . . . . . . . . . . . . . . . 203.8 250.3 + 22.8
Elimination . . . . . . . . . . . . (706.4) (651.7) -
Consolidated . . . . . . . . . . . . 7,578.3 7,473.6 - 1.4
Operating income (loss)
Electronics . . . . . . . . . . . . (1.2) 41.4 -
Game . . . . . . . . . . . . . . . . 82.9 112.7 +35.9%
Music . . . . . . . . . . . . . . . . 20.2 (8.7) -
Pictures . . . . . . . . . . . . . . 31.3 59.0 +88.6
Financial Services . . . . . . 22.1 23.3 +5.4
Other . . . . . . . . . . . . . . . . (16.6) (32.0) -
Elimination
and unallocated
corporate expenses . .
(4.1)
(10.3)
-
Consolidated . . . . . . . . . . . . 134.6 185.4 + 37.7