Summary: Sony Corp. - S&P Credit Research

Summary: Sony Corp.

Summary: Sony Corp. - S&P Credit Research
Summary: Sony Corp.
Published Jun 24, 2013
1804 words — Published Jun 24, 2013
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About This Report


A leading global electronics maker with strong brand recognition and solid technological know-how Fierce global competition and commoditization of digital electronics products Low risk of further deterioration in its TV and mobile businesses, thanks to structural reforms Diversified business lines, from electronics to entertainment, making earnings somewhat more stable Weak profitability for the current ratings and compared with peers despite restructuring and cost reductions Weak measures of cash flow and capital structure for the ratings Relatively high level of cash, and strong liquidity A prudent capital expenditure and acquisition strategy, possibly preventing further deterioration in financial standing We deconsolidate financial business in calculating financial measures for Sony The outlook is negative. Standard&Poor's Ratings Services believes Japan-based electronics maker

Brief Excerpt:

RESEARCH Summary: Sony Corp. Publication date: 24-Jun-2013 Primary Credit Analyst: Makiko Yoshimura, Tokyo (81) 3-4550-8368; Secondary Contact: Hiroki Shibata, Tokyo (81) 3-4550-8437; hiroki.shibata@standardandpoors...

Report Type:


Consumer Electronics (25201010)
Global Issuers, Structured Finance
United States
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S&P Credit Research. "Summary: Sony Corp." Jun 24, 2013. Alacra Store. Mar 28, 2015. <>
S&P Credit Research. (). Summary: Sony Corp. Jun 24, 2013. New York, NY: Alacra Store. Retrieved Mar 28, 2015 from <>
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