Sony 2011 Annual Report Download - page 38

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(Yen in billions)
3,518.1
(53.2)
3,572.7
2.9
2010 2011
Sales Operating income (loss)
36
Consumer,
Professional
& Devices (CPD)
Sony’s Consumer, Professional & Devices segment includes televisions, digital imaging,
audio and video, semiconductors and components as well as professional solutions.
Sales increased 1.6% year-on-year to 3,572.7 billion yen.
Sales to outside customers increased 4.3% year-on-year.
The sales increase was primarily due to higher LCD television sales resulting from a significant
increase in unit sales that came mostly from the Asia-Pacific, Other Areas and Japan, and higher
semiconductor sales resulting from strong performance of small- and medium-sized LCD panels
and image sensors. However, the sales increase was partially offset by lower components sales
resulting from a decrease in sales of storage media affected by market contraction and a decrease
in sales of optical disc drives driven by price competition.
Operating income amounted to 2.9 billion yen, an improvement of 56.1 billion yen compared
to the previous fiscal year.
The segment’s significant operating income improvement was driven primarily by an increase in
gross profit due to higher sales, a decrease in loss on sale, disposal or impairment of assets and
other, net and a decrease in restructuring charges.
Product categories that favorably impacted the change in segment operating results (excluding restruc-
turing charges and LCD television asset impairment in the previous fiscal year) include semiconductors,
reflecting an increase in sales of image sensors, and professional solutions, reflecting an increase in sales
of products such as digital cinema projectors. A category that unfavorably impacted the change in seg-
ment operating results (excluding restructuring charges) was LCD televisions, reflecting a decline in unit
selling prices and unfavorable foreign exchange rates, despite rising unit sales.
Left: 2010
Right2011
Sales
Sales and Operating Income by Segment
Left: 2010
Right2011
Operating
Income
(Yen in billions)
3,518.1 3,572.7
(53.2)
2.9
(83.3)
35.6 42.8 38.7 36.5 38.9
162.5 118.8
(34.5)
4.2
(5.0)
8.6
1,572.6 1,579.3
705.2 600.0 522.6 470.7 460.8 447.8
851.4 806.5
Consumer,
Professional
& Devices
Networked
Products
& Services
Sony Ericsson All Other
Pictures Music Financial Services
*1
*2
*1 Includes operating revenue and intersegment sales; for Financial Services, denotes revenue.
*2 Equity in net income (loss).
Financial Highlights　Results by Business Segment
Notes: 1. Years ended March 31.
2. Sony realigned its reportable segments from the first quarter of the fiscal year ended March 31, 2011 to reflect modifications to the organizational structure as of April 1, 2010, primarily repositioning the opera-
tions of the previously reported B2B & Disc Manufacturing segment. The Networked Products & Services (“NPS”), Pictures, Music and Financial Services segments remain unchanged. In connection with this
realignment, both the sales and operating revenue (“sales”) and operating income (loss) of each segment in the fiscal year ended March 31, 2010 have been revised to conform to the current presentation.
The equity earnings from Sony Ericsson Mobile Communications AB (“Sony Ericsson”) continue to be presented as a separate segment.