Sony 2015 Annual Report Download - page 126

Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table sets out information concerning purchases made by Sony Corporation during the fiscal
year ended March 31, 2016.
Period
(a) Total
number of
shares
purchased
(b) Average
price paid per
share (yen)
(c) Total number of
shares purchased as
part of publicly
announced plans or
programs
(d) Maximum
number of shares that
may yet be purchased
under the plans or
programs
April 1 — 30, 2015 .................... 3,784 3,554.07 N/A N/A
May 1 — 31, 2015 .................... 2,750 3,788.28 N/A N/A
June 1 — 30, 2015 .................... 2,522 3,771.23 N/A N/A
July 1 — 31, 2015 ..................... 2,520 3,501.85 N/A N/A
August 1 — 31, 2015 .................. 2,363 3,376.41 N/A N/A
September 1 — 30, 2015 ................ 1,087 3,073.74 N/A N/A
October 1 — 31, 2015 .................. 2,129 3,223.84 N/A N/A
November 1 — 30, 2015 ................ 2,558 3,405.39 N/A N/A
December 1 — 31, 2015 ................ 8,006 3,041.81 N/A N/A
January 1 — 31, 2016 .................. 2,643 2,791.18 N/A N/A
February 1 — 28, 2016 ................. 1,426 2,544.75 N/A N/A
March 1 — 31, 2016 ................... 2,147 2,682.73 N/A N/A
Total ............................... 33,935 3,247.82 N/A N/A
Under the Companies Act, a holder of shares constituting less than one full unit may require Sony
Corporation to purchase such shares at their market value (Refer to “B. Memorandum and Articles of
Association — Capital stock —(Unit share system)” in “Item 10. Additional Information”). During the fiscal
year ended March 31, 2016, Sony Corporation purchased 33,935 shares of Common Stock for a total purchase
price of 110,214,650 yen upon such requests from holders of shares constituting less than one full unit.
Item 16F. Change in Registrant’s Certifying Accountant
Not Applicable
Item 16G. Disclosure About Differences in Corporate Governance
The table below discloses the significant ways in which Sony’s corporate governance practices differ from
those required for U.S. companies under the listing standards of the NYSE. As a foreign private issuer listed on
the NYSE, Sony is exempt from most of the exchange’s corporate governance standards requirements. For
further information on Sony’s corporate governance practices and history, please refer to “Board Practices” in
“Item 6. Director, Senior Management and Employees.” In the table below, any reference to “Sony” shall mean
Sony Corporation.
NYSE Standards Sony’s Corporate Governance Practices
Board Independence. A majority of board directors
must be independent.
Sony has adopted the “Company with Three
Committees” system under the Companies Act.
Sony’s Charter of the Board of Directors (attached as
an exhibit 1.3 to this report) requires its board to
consist of between 10 to 20 directors.
The Companies Act does not require Sony to have a
majority of “independent” (in the meaning given by
the NYSE Corporate Governance Standards)
directors on its board; rather, it requires Sony to have
a majority of “outside” directors (the definition of the
term “outside” director is summarized below) on
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