Sony 2008 Annual Report Download - page 10

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88
•
1
5 product categories eliminated
/
d
owns
i
ze
d
•
1
0,000
p
erson headcount
reduc
ti
o
n
•
¥
1
2
0
b
illi
o
n in
asse
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es
•
1
1 manufacturing sites closed
/
c
onso
lid
ate
d
•
¥
2
00 billion annual ex
p
enses
reduc
ti
o
n
Revenu
e
Net Income
Improvement in Consolidated Result
s
* Years ended March 31 * Years ended March 31
7,191.
3
+
23
%
8,
871.
4
(Yen in billions)
2005
2008
163
.
8
+
12
5
%
369
.4
(
Yen in billions)
2005
2008
O
peratin
g
Income
* Years ended March 31
14
5.
6
+1
5
7
%
3
74.
5
(Yen in billions
)
2005
2008
Sony Group Corporate Strategy
“To be the leading global provider of networked
consumer electronics and entertainment”
Following the formation of Sony’s management
team, led by Chairman and CEO Howard Stringer
and President and Electronics CEO Ryoji Chubachi,
Sony conducted an extensive business review that
formed the basis of the revitalization plan
announced in September 2005. Nearly all of the
announced goals and targets were achieved,
resulting in a signifi cantly restructured cost base
and restored profi tability that have allowed us to
pursue growth opportunities while also aiming for
even greater fi nancial performance.
In June 2008, Howard Stringer was joined by
Ryoji Chubachi and Kazuo Hirai, President and
Group CEO of Sony Computer Entertainment Inc.,
at Sony Group’s Corporate Strategy Meeting to
report on the accomplishments of the past three
years and to announce a new strategy. This new
strategy will guide the Sony Group over the next
three years in its efforts to complete a new mission:
To be the leading global provider of networked
consumer electronics and entertainment.
Goals achieved under
the Revitalization Plan
08SonyE_P1_P13_0804.indd 808SonyE_P1_P13_0804.indd 8 08.8.7 2:17:44 PM08.8.7 2:17:44 PM