Bulletin: Sony Q3 Results Show Some Recovery

TOKYO (01/26/2000) - Sony Corp. today announced consolidated results for the third quarter of the current fiscal year, the period from October to December 1999.

While the results were worse than those reported in the same period a year earlier, they do point to a slight recovering in prospects at the company during its most important fiscal quarter. In the core electronics sector, the company said sales increased 2.3 percent to 1,310.6 billion yen (US$12.36 billion).

Total revenue was 1,916.0 billion yen, down 1.8 percent on the same period a year earlier. On the back of the lower revenue, operating income slipped 10.2 percent to 164.2 billion yen and pretax income was down 29.6 percent to 165.9 billion yen. Net income was 93.6 billion yen, a 16.6 percent drop on the third quarter of 1998.

An update to this bulletin will follow.

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