Sony 2015 Annual Report Download - page 102

ended March 31, 2014. In the Music segment, the number of employees increased compared to March 31, 2013
primarily due to the expansion of the music publishing business as a result of the administration of the EMI
Music Publishing catalog. In the Financial Services segment, the number of employees as of March 31, 2014
increased compared to March 31, 2013 due to the expansion of its businesses.
In addition, the average number of employees for the fiscal years ended March 31, 2014, 2015 and 2016
calculated by averaging the total number of employees at the end of each quarter, was approximately 143,300,
136,300 and 128,700 respectively.
Sony generally considers its labor relations to be good.
In Japan, Sony Corporation and several subsidiaries have labor unions.
In Electronics, Sony owns many manufacturing sites, particularly in Asia, where a few sites have labor
unions that have union contracts. In China, most employees are members of labor unions. In the Americas, some
manufacturing sites have labor unions. Sony has generally maintained good relationships with these labor unions.
In Europe, Sony maintains good labor relations with the Work Councils in each country.
In the Pictures segment, Sony also generally considers its labor relations to be good. A number of Pictures’
subsidiaries are signatories to union contracts. During the fiscal year ended March 31, 2016, negotiations were
successfully concluded for new three-year agreements with the Teamsters Local 399 (representing Location
Managers, Casting Directors and Couriers) and Teamsters Local 817 (representing Location Managers and
Casting Directors). Negotiations for new three-year agreements were also concluded with the Alliance of
Canadian Cinema, Television and Radio Artists, The Canadian Film and Television Production Association and
L’Association Des Producteurs De Films Et De Television Du Quebec, and with the International Alliance of
Theatrical Stage Employees New York production Locals 52, 829, 764, 798 and 161. Also, a new three-year
agreement was reached with the Office of Professional Employees International Union, Local 174.
In the Music segment, Sony has several labor unions and generally considers its labor relations to be good.
Sony continuously strives to provide competitive wages and benefits and good working conditions for all of
its employees.
E. Share Ownership
The total number of shares of Sony Corporation’s Common Stock beneficially owned by Directors and
Corporate Executive Officers (12 people) listed in “Directors and Senior Management” above was approximately
0.005 percent of the total shares outstanding as of May 30, 2016. Refer to “Board Practices” above.
During the fiscal year ended March 31, 2016, Sony granted stock acquisition rights, which represent rights
to subscribe for shares of Common Stock of Sony Corporation, to Corporate Executive Officers, Corporate
Executives, Group Executives, and selected employees. The stock acquisition rights cannot be exercised for one
year from the date of grant and generally vest ratably up to three years from the date of grant and are generally
exercisable up to ten years from the date of grant. The following table shows the portion of those stock
acquisition rights which were granted by Sony to Directors and Corporate Executive Officers as of May 30, 2016
and which were outstanding as of the same date.
Year granted
(Fiscal year ended March 31)
Total number of
shares subject to stock
acquisition rights Exercise price per share
(in thousands)
2016 ............................................... 200 27.51 U.S. dollars
2016 ............................................... 235 3,404 yen
2015 ............................................... 100 20.67 U.S. dollars
2015 ............................................... 145 2,410.5 yen
2014 ............................................... 200 20.01 U.S. dollars
2014 ............................................... 64 2,007 yen
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