Sony 2015 Annual Report Download - page 51

Fiscal year ended March 31, 2015 compared to fiscal year ended March 31, 2014:
For the fiscal year ended March 31, 2015, sales increased 3.2 percent year-on-year to 1,238.1 billion yen.
This increase was primarily due to the impact of foreign exchange rates and an increase in sales of televisions,
partially offset by a decrease in Audio and Video sales. Unit sales of LCD televisions increased mainly due to a
significant increase in North America, Japan and Europe, partially offset by a significant decrease in Latin
America and China.
Operating income of 24.1 billion yen was recorded, compared to an operating loss of 21.0 billion yen in the
fiscal year ended March 31, 2014. This significant improvement was primarily due to cost reductions and an
improvement in product mix reflecting a shift to high value-added models, partially offset by the unfavorable
impact of the appreciation of the U.S. dollar, reflecting the high ratio of U.S. dollar-denominated costs.
In Televisions, sales* increased 10.7 percent year-on-year to 835.1 billion yen. This increase was primarily
due to the above-mentioned increase in unit sales and the impact of foreign exchange rates. Operating income**
of 8.3 billion yen was recorded compared to an operating loss of 25.7 billion yen in the fiscal year ended
March 31, 2014. This improvement was primarily due to cost reductions and an improvement in product mix
reflecting a shift to high value-added models, partially offset by the unfavorable impact of the appreciation of the
U.S. dollar, reflecting the high ratio of U.S. dollar-denominated costs.
* Sales for Televisions do not include operating revenue.
** Operating income (loss) in Televisions excludes restructuring charges, which are included in the overall
segment results and are not allocated to product categories.
Below are the sales to external customers by product category and unit sales of major products:
Sales to external customers by product category
Fiscal year ended March 31 Percent change from
2014 2015 2016 2014 to 2015 2015 to 2016
(Yen in millions)
Televisions 754,308 (63.0) 835,068 (67.6) 797,764 (69.1) +10.7% -4.5%
Audio and Video 431,519 (36.1) 396,814 (32.1) 354,946 (30.7) -8.0 -10.6
Other 10,871 (0.9) 3,804 (0.3) 2,375 (0.2) -65.0 -37.6
HE&S Total 1,196,698 (100.0) 1,235,686 (100.0) 1,155,085 (100.0) +3.3 -6.5
Major product unit sales
Fiscal year ended March 31 Percent change from
2014 2015 2016 2014 to 2015 2015 to 2016
(Units in millions)
LCD televisions 13.5 14.6 12.2 +8.1% -16.4%
Devices
Fiscal year ended March 31, 2016 compared to fiscal year ended March 31, 2015:
For the fiscal year ended March 31, 2016, sales increased 0.9 percent year-on-year to 935.8 billion yen.
Sales were essentially flat primarily due to the impact of foreign exchange rates and increases in camera module
and image sensor sales, substantially offset by the impact of a decrease in battery business sales. Sales to external
customers increased 5.6 percent year-on-year.
Operating loss of 28.6 billion yen was recorded, compared to operating income of 89.0 billion yen in the
previous fiscal year. This significant deterioration was primarily due to the deterioration in the operating results
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