Sony Corporation Consolidated Results Forecast for the Fiscal Year Ending March 31, 2017
May 24, 2016
Tokyo, May 24, 2016 - Due to the earthquake of April 14, 2016 and subsequent earthquakes in the Kumamoto region (“2016 Kumamoto Earthquakes”), operations were suspended at Sony Semiconductor Manufacturing Corporation's Kumamoto Technology Center (located in Kikuchi Gun, Kumamoto Prefecture), which is the primary manufacturing site of image sensors mainly for digital cameras, security cameras and micro-display devices. Wafer processing operations located on the lower levels of the Kumamoto Technology Center building were restarted sequentially beginning on May 21, 2016 and utilization of the processing capacity has been increasing gradually. Other processes, including testing and assembly, which are back-end processes and are located on the upper levels of the building, were restarted gradually beginning in the middle of May.
As of the April 28, 2016 consolidated results announcement for the fiscal year ended March 31, 2016, Sony was unable to formulate a forecast for the Mobile Communications (“MC”), Game & Network Services (“G&NS”), Imaging Products & Solutions (“IP&S”), Home Entertainment & Sound (“HE&S”) and Devices segments, and for the consolidated results for the fiscal year ending March 31, 2017, due to the earthquakes. Today Sony announced the consolidated and segment forecasts for the fiscal year ending March 31, 2017.
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