Summary: Sony Corp. - S&P Credit Research

Summary: Sony Corp.

1807 words — Published Jun 24, 2013
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Abstract:

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 Ratings Definitions PDF Summary: Sony Corp. Publication date: 24-Jun-2013 Primary Credit Analyst: Makiko Yoshimura, Tokyo (81) 3-4550-8368; makiko.yoshimura@standardandpoors.com Secondary Contact: Hiroki Shibata, Tokyo...

  
Report Type:

Summary

Ticker
6758@JP
Issuer
GICS
Consumer Electronics (25201010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
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MLA:
S&P Credit Research. "Summary: Sony Corp." Jun 24, 2013. Alacra Store. Jul 25, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sony-Corp-1150654>
  
APA:
S&P Credit Research. (). Summary: Sony Corp. Jun 24, 2013. New York, NY: Alacra Store. Retrieved Jul 25, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sony-Corp-1150654>
  
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