Form 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September 2005
Commission File Number: 001-06439
SONY CORPORATION
(Translation of registrant's name into English)
7-35 KITASHINAGAWA 6-CHOME, SHINAGAWA-KU, TOKYO, JAPAN
(Address of principal executive offices)
The registrant files annual reports under cover of Form 20-F.
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F,
Form 20-F X Form 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934,
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):82-______
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SONY CORPORATION
(Registrant)
By: /s/ Nobuyuki Oneda
(Signature)
Nobuyuki Oneda
Executive Vice President and
Chief Financial Officer
Date: September 12, 2005
List of materials
Documents attached hereto:
i) Press Release announcing Subsidiary Forecast Revision
Sony Corporation
6-7-35 Kita-shinagawa
Shinagawa-ku
Tokyo, 141-0001 Japan
News & Information
No.05-045E
2005/9/12
15:00
Subsidiary Tracking Stock (6758-5)
Sony Communication Network Corporation Announces Revision of Consolidated
Forecast for The Current Fiscal Year
Company name: Sony Corporation
Representative's title and name: President and Electronics CEO Ryoji Chubachi
(stock code: 6758 Tokyo Stock Exchange First Section)
(tracking stock subsidiary)
Company name: Sony Communication Network Corporation
Representative's title and name: Representative Director,
Corporate Executive Officer, President Kenichiro Yoshida
(stock code: 6758-5 Tokyo Stock Exchange First Section)
For inquiries: Senior Corporate Executive Officer Hiroki Totoki
Sony Communication Network Corporation (hereinafter, the "SCN Group"), a
subsidiary of which the performance is linked to tracking stock issued by Sony
Corporation, announced today the following revisions to the forecast for its
consolidated results for the fiscal year ending March 31, 2006. The previous
forecast was announced on June 20, 2005 when SCN announced revision its
consolidated results for the year ended March 31, 2006.
1.The SCN Group announces the following revisions to the forecast for the year
ending March 31, 2006 (the period from April 1, 2005 to March 31, 2006).
(millions of yen)
Sales Operating Income Ordinary Income Net Income
Prior forecast (A) 43,500 1,300 1,500 10,800
Revised forecast (B) 43,500 500 700 10,200
Difference (B-A) 0 (800) (800) (600)
Difference (%) 0 (61.5) (53.3) (5.6)
(For reference)
Prior FY results 39,302 2,624 2,540 4,107
2.Reasons for the revised forecast:
Consolidated financial results forecasts for the fiscal year ending March 31,
2006, have been revised, with specific reasons for each, as follows.
(1) Operating income
Since last fiscal year, SCN has made great effort to increase the number of new
FTTH broadband subscribers. This effort has been very successful and we plan to
continue it during the second half. As a result, we anticipate that costs to
acquire new subscribers will increase. In addition, due to promotional campaigns
and other factors, telecommunications line usage fees and other costs will be
incurred before revenues are registered.
(2) Ordinary income
The main reason for the downward revision in ordinary income is the same as that
for operating income, as stated above.
(3) Net income
Lower forecasts for operating and ordinary income, as explained above, are the
main reason for the downward revision in our net income forecast.
(4) So-net subscriber numbers
Prior forecasts of the total number of subscribers as of March 31, 2006, were
2.8 million (of which 800,000 are broadband subscribers). However, as of August
31, 2005, the total number of subscribers reached 2.78 million, of which 720,000
were broadband subscribers. As a result, we forecast that the total number of
So-net subscribers as of March 31, 2006, will reach 2.95 million, of which
830,000 will be broadband subscribers.
Cautionary statement:
Statements made in this release with respect to Sony Corporation and Sony
Communication Network's current plans, estimates, strategies and beliefs and
other statements that are not historical facts are forward-looking statements
about the future performance of SCN Group. These statements are based on
management's assumptions and beliefs in light of the information currently
available to it. Therefore, SCN Group cautions you that a number of important
risks and uncertainties could cause actual results to differ materially from
those discussed in the forward-looking statements, and therefore you should not
place undue reliance on them.