Document and Entity Information
Document and Entity Information | 12 Months Ended |
Mar. 31, 2019shares | |
Document and Entity Information [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Trading Symbol | SNE |
Entity Registrant Name | SONY CORP |
Entity Central Index Key | 0000313838 |
Current Fiscal Year End Date | --03-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 1,250,746,867 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | |
Current assets: | |||
Cash and cash equivalents | ¥ 1,470,073 | ¥ 1,586,329 | |
Marketable securities | 1,324,538 | 1,176,601 | |
Notes and accounts receivable, trade and contract assets | 1,091,242 | 1,061,442 | |
Allowance for doubtful accounts | (25,440) | (48,663) | [1] |
Inventories | 653,278 | 692,937 | |
Other receivables | 223,620 | 190,706 | |
Prepaid expenses and other current assets | 509,301 | 516,744 | |
Total current assets | 5,246,612 | 5,176,096 | |
Film costs | 409,005 | 327,645 | |
Investments and advances: | |||
Affiliated companies | 163,365 | 157,389 | |
Securities investments and other | 11,561,286 | 10,598,669 | |
Long-term Investments, Total | 11,724,651 | 10,756,058 | |
Property, plant and equipment: | |||
Land | 83,992 | 84,358 | |
Buildings | 664,157 | 655,434 | |
Machinery and equipment | 1,585,382 | 1,798,722 | |
Construction in progress | 39,208 | 38,295 | |
Property, Plant and Equipment, Gross, Total | 2,372,739 | 2,576,809 | |
Less - Accumulated depreciation | 1,595,686 | 1,837,339 | |
Property, plant and equipment, net | 777,053 | 739,470 | |
Other assets: | |||
Intangibles, net | 917,966 | 527,168 | |
Goodwill | 768,552 | 530,492 | |
Deferred insurance acquisition costs | 595,265 | 586,670 | |
Deferred income taxes | 202,486 | 96,772 | |
Other | 339,996 | 325,167 | |
Other noncurrent assets | 2,824,265 | 2,066,269 | |
Total assets | 20,981,586 | 19,065,538 | |
Current liabilities: | |||
Short-term borrowings | 618,618 | 496,093 | |
Current portion of long-term debt | 172,461 | 225,522 | |
Notes and accounts payable, trade | 492,124 | 468,550 | |
Accounts payable, other and accrued expenses | 1,693,048 | 1,514,433 | |
Accrued income and other taxes | 135,226 | 145,905 | |
Deposits from customers in the banking business | 2,302,314 | 2,159,246 | |
Other | 666,024 | 610,792 | [1] |
Total current liabilities | 6,079,815 | 5,620,541 | |
Long-term debt | 568,372 | 623,451 | |
Accrued pension and severance costs | 384,232 | 394,504 | |
Deferred income taxes | 531,421 | 449,863 | |
Future insurance policy benefits and other | 5,642,671 | 5,221,772 | |
Policyholders' account in the life insurance business | 3,048,202 | 2,820,702 | |
Other | 281,382 | 278,338 | |
Total liabilities | 16,536,095 | 15,409,171 | |
Redeemable noncontrolling interest | 8,801 | 9,210 | |
Commitments and contingent liabilities | |||
Sony Corporation's stockholders' equity: | |||
Common stock, no par value - 2018 - Shares authorized: 3,600,000,000; shares issued: 1,266,552,149 2019 - Shares authorized: 3,600,000,000; shares issued: 1,271,230,341 | 874,291 | 865,678 | |
Additional paid-in capital | 1,266,874 | 1,282,577 | |
Retained earnings | 2,320,586 | 1,440,387 | |
Accumulated other comprehensive income - | |||
Unrealized gains on securities, net | 135,035 | 126,191 | |
Unrealized losses on derivative instruments, net | (19) | (1,242) | |
Pension liability adjustment | (310,457) | (296,444) | |
Foreign currency translation adjustments | (435,229) | (445,251) | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | (610,670) | (616,746) | |
Treasury stock, at cost Common stock 2018 - 1,127,101 shares 2019 - 20,483,474 shares | (104,704) | (4,530) | |
Stockholders' Equity Attributable to Parent, Total | 3,746,377 | 2,967,366 | |
Non controlling interests | 690,313 | 679,791 | |
Total equity | 4,436,690 | 3,647,157 | |
Total liabilities and equity | ¥ 20,981,586 | ¥ 19,065,538 | |
[1] | Under ASU 2014-09, Sony presents sales returns as a liability instead of as a contra-asset allowance. Accordingly, Sony changed the presentation from "Allowance for doubtful accounts and sales returns" to "Allowance for doubtful accounts" on the consolidated balance sheet. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - ¥ / shares | Mar. 31, 2019 | Mar. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | ||
Common stock, shares authorized | 3,600,000,000 | 3,600,000,000 |
Common stock, shares issued | 1,271,230,341 | 1,266,552,149 |
Treasury stock, common stock shares | 20,483,474 | 1,127,101 |
Consolidated Statements of Inco
Consolidated Statements of Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Sales and operating revenue: | |||
Revenue | ¥ 8,665,687 | ¥ 8,543,982 | ¥ 7,603,250 |
Costs and expenses: | |||
Cost of sales | 5,150,750 | 5,188,259 | 4,753,010 |
Selling, general and administrative | 1,576,825 | 1,583,197 | 1,505,956 |
Financial services expenses | 1,112,446 | 1,042,163 | 910,144 |
Other operating (income) expense, net | (71,568) | 4,072 | 149,001 |
Costs and Expenses, Total | 7,768,453 | 7,817,691 | 7,318,111 |
Equity in net income (loss) of affiliated companies | (2,999) | 8,569 | 3,563 |
Operating income | 894,235 | 734,860 | 288,702 |
Other income: | |||
Interest and dividends | 21,618 | 19,784 | 11,459 |
Gain on sale of securities investments, net | 1,517 | 225 | |
Gain on equity securities, net | 118,677 | ||
Other | 4,440 | 2,427 | 2,734 |
Other income, Total | 144,735 | 23,728 | 14,418 |
Other expenses: | |||
Interest | 12,467 | 13,566 | 14,544 |
Loss on devaluation of securities investments | 4,955 | 7,629 | |
Foreign exchange loss, net | 11,279 | 30,634 | 22,181 |
Other | 3,576 | 10,384 | 7,147 |
Other expenses, Total | 27,322 | 59,539 | 51,501 |
Income before income taxes | 1,011,648 | 699,049 | 251,619 |
Income taxes: | |||
Current | 166,748 | 127,685 | 100,260 |
Deferred | (121,650) | 24,085 | 23,798 |
Income tax expense, Total | 45,098 | 151,770 | 124,058 |
Net income | 966,550 | 547,279 | 127,561 |
Less - Net income attributable to noncontrolling interests | 50,279 | 56,485 | 54,272 |
Net income attributable to Sony Corporation's stockholders | ¥ 916,271 | ¥ 490,794 | ¥ 73,289 |
Net income attributable to Sony Corporation's stockholders | |||
- Basic | ¥ 723.41 | ¥ 388.32 | ¥ 58.07 |
- Diluted | ¥ 707.74 | ¥ 379.75 | ¥ 56.89 |
Product and Service | |||
Sales and operating revenue: | |||
Revenue | ¥ 7,306,235 | ¥ 7,231,613 | ¥ 6,443,328 |
Financial services revenue | |||
Sales and operating revenue: | |||
Revenue | 1,274,708 | 1,221,235 | 1,080,284 |
Other Operating Revenue | |||
Sales and operating revenue: | |||
Revenue | ¥ 84,744 | ¥ 91,134 | ¥ 79,638 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | ¥ 966,550 | ¥ 547,279 | ¥ 127,561 |
Other comprehensive income, net of tax - | |||
Unrealized gains (losses) on securities | 33,285 | 1,070 | (30,293) |
Unrealized gains (losses) on derivative instruments | 1,223 | (1,184) | 1,140 |
Pension liability adjustment | (13,960) | 12,390 | 63,232 |
Foreign currency translation adjustments | 8,444 | (6,335) | (17,988) |
Total comprehensive income | 995,542 | 553,220 | 143,652 |
Less - Comprehensive income attributable to noncontrolling interests | 57,669 | 60,403 | 35,814 |
Comprehensive income attributable to Sony Corporation's stockholders | ¥ 937,873 | ¥ 492,817 | ¥ 107,838 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | |||
Net income | ¥ 966,550 | ¥ 547,279 | ¥ 127,561 |
Adjustments to reconcile net income to net cash provided by operating activities - | |||
Depreciation and amortization, including amortization of deferred insurance acquisition costs and contract costs | 374,026 | 361,444 | 327,048 |
Amortization of film costs | 348,493 | 359,274 | 297,505 |
Accrual for pension and severance costs, less payments | (33,631) | 4,113 | 9,297 |
Other operating (income) expense, net | (71,568) | 4,072 | 149,001 |
(Gain) loss on securities investments, net (other than financial services business) | (118,630) | 3,438 | 7,404 |
Gain on marketable securities and securities investments held in the financial services business, net | (66,383) | (47,119) | (55,742) |
Deferred income taxes | (121,650) | 24,085 | 23,798 |
Equity in net (income) loss of affiliated companies, net of dividends | 7,947 | (2,956) | 4,409 |
Changes in assets and liabilities: | |||
(Increase) decrease in notes and accounts receivable, trade and contract assets | 1,144 | (80,004) | (37,529) |
(Increase) decrease in inventories | 30,455 | (51,508) | 11,199 |
Increase in film costs | (410,994) | (362,496) | (331,179) |
Increase (decrease) in notes and accounts payable, trade | 18,534 | (87,939) | (1,386) |
Increase (decrease) in accrued income and other taxes | (20,039) | 29,181 | 26,701 |
Increase in future insurance policy benefits and other | 544,179 | 495,419 | 433,803 |
Increase in deferred insurance acquisition costs | (88,807) | (86,779) | (93,234) |
Increase in marketable securities held in the life insurance business | (64,034) | (89,797) | (81,456) |
(Increase) decrease in other current assets | 16,576 | 3,776 | (21,402) |
Increase in other current liabilities | 56,723 | 151,805 | 79,114 |
Other | (110,153) | 78,683 | (67,382) |
Net cash provided by operating activities | 1,258,738 | 1,253,971 | 807,530 |
Cash flows from investing activities: | |||
Payments for purchases of fixed assets | (312,644) | (262,989) | (333,509) |
Proceeds from sales of fixed assets | 17,585 | 60,599 | 13,098 |
Payment for EMI Music Publishing acquisition, net of cash acquired | (244,197) | ||
Proceeds from sales of businesses | 44,624 | 3,262 | |
Proceeds related to sales of Spotify Technology S.A. Shares | 82,467 | ||
Other | (30,821) | (12,046) | 6,646 |
Net cash used in investing activities | (1,307,445) | (823,068) | (1,255,022) |
Cash flows from financing activities: | |||
Proceeds from issuance of long-term debt | 94,351 | 125,092 | 254,695 |
Payments of long-term debt | (382,671) | (44,561) | (261,299) |
Increase in short-term borrowings, net | 123,979 | 35,145 | 317,827 |
Increase in deposits from customers in the financial services business, net | 246,945 | 169,479 | 277,152 |
Dividends paid | (38,067) | (28,490) | (25,301) |
Payments for purchase of treasury stock | (100,177) | (198) | (114) |
Other | (35,203) | (10,011) | (34,093) |
Net cash provided by (used in) financing activities | (122,884) | 246,456 | 452,302 |
Effect of exchange rate changes on cash and cash equivalents, including restricted | 52,465 | (53,044) | (31,061) |
Net increase (decrease) in cash and cash equivalents, including restricted | (119,126) | 624,315 | (26,251) |
Cash and cash equivalents, including restricted, at beginning of the fiscal year | 1,592,939 | 968,624 | 994,875 |
Cash and cash equivalents, including restricted, at end of the fiscal year | 1,473,813 | 1,592,939 | 968,624 |
Less - Restricted cash and cash equivalents, included in other current assets and other assets | 3,740 | 6,610 | 8,482 |
Cash and cash equivalents at end of the fiscal year | 1,470,073 | 1,586,329 | 960,142 |
Cash paid during the fiscal year for - | |||
Income taxes | 210,499 | 101,092 | 106,054 |
Interest | 10,882 | 12,169 | 13,877 |
Non-cash investing and financing activities - | |||
Obtaining assets by entering into capital leases | 32,541 | 21,762 | 8,457 |
Financial Services Business | |||
Cash flows from investing activities: | |||
Payments for investments and advances | (1,078,250) | (963,210) | (1,233,290) |
Proceeds from sales or return of investments and collections of advances | 309,498 | 317,159 | 289,901 |
Other than financial service business | |||
Cash flows from investing activities: | |||
Payments for investments and advances | (53,525) | (13,801) | (17,208) |
Proceeds from sales or return of investments and collections of advances | 2,442 | ¥ 6,596 | 16,078 |
Nile Acquisition LLC | |||
Cash flows from financing activities: | |||
Payment for purchase of shares from noncontrolling interests | ¥ (32,041) | ||
Sony/ATV | |||
Cash flows from financing activities: | |||
Payment for purchase of shares from noncontrolling interests | ¥ (76,565) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - JPY (¥) ¥ in Millions | Total | Common stock | Additional paid-in capital | Retained earnings | Accumulated other comprehensive income | Treasury stock, at cost | Sony Corporation's stockholders' equity | Noncontrolling interests |
Beginning Balance at Mar. 31, 2016 | ¥ 3,124,410 | ¥ 858,867 | ¥ 1,325,719 | ¥ 936,331 | ¥ (653,318) | ¥ (4,259) | ¥ 2,463,340 | ¥ 661,070 |
Exercise of stock acquisition rights | 3,556 | 1,778 | 1,778 | 3,556 | ||||
Stock-based compensation | 1,601 | 1,601 | 1,601 | |||||
Comprehensive income: | ||||||||
Net income | 127,561 | 73,289 | 73,289 | 54,272 | ||||
Other comprehensive income, net of tax - | ||||||||
Unrealized gains (losses) on securities | (30,293) | (14,101) | (14,101) | (16,192) | ||||
Unrealized gains (losses) on derivative instruments | 1,140 | 1,140 | 1,140 | |||||
Pension liability adjustment | 63,232 | 63,003 | 63,003 | 229 | ||||
Foreign currency translation adjustments | (17,988) | (15,493) | (15,493) | (2,495) | ||||
Total comprehensive income | 143,652 | 107,838 | 35,814 | |||||
Stock issue costs, net of tax | (30) | (30) | (30) | |||||
Dividends declared | (42,320) | (25,252) | (25,252) | (17,068) | ||||
Purchase of treasury stock | (114) | (114) | (114) | |||||
Reissuance of treasury stock | 28 | (10) | 38 | 28 | ||||
Transactions with noncontrolling interests shareholders and other | (95,361) | (53,721) | (53,721) | (41,640) | ||||
Ending Balance at Mar. 31, 2017 | 3,135,422 | 860,645 | 1,275,337 | 984,368 | (618,769) | (4,335) | 2,497,246 | 638,176 |
Issuance of new shares | 976 | 488 | 488 | 976 | ||||
Exercise of stock acquisition rights | 9,065 | 4,533 | 4,532 | 9,065 | ||||
Conversion of convertible bonds | 24 | 12 | 12 | 24 | ||||
Stock-based compensation | 3,160 | 3,160 | 3,160 | |||||
Comprehensive income: | ||||||||
Net income | 547,279 | 490,794 | 490,794 | 56,485 | ||||
Other comprehensive income, net of tax - | ||||||||
Unrealized gains (losses) on securities | 1,070 | (444) | (444) | 1,514 | ||||
Unrealized gains (losses) on derivative instruments | (1,184) | (1,184) | (1,184) | |||||
Pension liability adjustment | 12,390 | 12,292 | 12,292 | 98 | ||||
Foreign currency translation adjustments | (6,335) | (8,641) | (8,641) | 2,306 | ||||
Total comprehensive income | 553,220 | 492,817 | 60,403 | |||||
Stock issue costs, net of tax | (879) | (879) | (879) | |||||
Dividends declared | (49,136) | (34,775) | (34,775) | (14,361) | ||||
Purchase of treasury stock | (199) | (199) | (199) | |||||
Reissuance of treasury stock | 4 | 0 | 4 | 4 | ||||
Transactions with noncontrolling interests shareholders and other | (4,500) | (73) | (73) | (4,427) | ||||
Ending Balance at Mar. 31, 2018 | 3,647,157 | 865,678 | 1,282,577 | 1,440,387 | (616,746) | (4,530) | 2,967,366 | 679,791 |
Cumulative effect of newly adopted ASUs | (2,118) | 7,976 | (15,526) | (7,550) | 5,432 | |||
Issuance of new shares | 862 | 431 | 431 | 862 | ||||
Exercise of stock acquisition rights | 16,348 | 8,174 | 8,174 | 16,348 | ||||
Conversion of convertible bonds | 16 | 8 | 8 | 16 | ||||
Stock-based compensation | 1,159 | 1,159 | 1,159 | |||||
Comprehensive income: | ||||||||
Net income | 966,550 | 916,271 | 916,271 | 50,279 | ||||
Other comprehensive income, net of tax - | ||||||||
Unrealized gains (losses) on securities | 33,285 | 24,370 | 24,370 | 8,915 | ||||
Unrealized gains (losses) on derivative instruments | 1,223 | 1,223 | 1,223 | |||||
Pension liability adjustment | (13,960) | (14,013) | (14,013) | 53 | ||||
Foreign currency translation adjustments | 8,444 | 10,022 | 10,022 | (1,578) | ||||
Total comprehensive income | 995,542 | 937,873 | 57,669 | |||||
Stock issue costs, net of tax | (147) | (147) | (147) | |||||
Dividends declared | (73,009) | (44,048) | (44,048) | (28,961) | ||||
Purchase of treasury stock | (100,177) | (100,177) | (100,177) | |||||
Reissuance of treasury stock | 4 | 1 | 3 | 4 | ||||
Transactions with noncontrolling interests shareholders and other | (48,947) | (25,329) | (25,329) | (23,618) | ||||
Ending Balance at Mar. 31, 2019 | ¥ 4,436,690 | ¥ 874,291 | ¥ 1,266,874 | ¥ 2,320,586 | ¥ (610,670) | ¥ (104,704) | ¥ 3,746,377 | ¥ 690,313 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - ¥ / shares | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of Stockholders' Equity [Abstract] | |||
Dividends declared, per share | ¥ 35 | ¥ 27.50 | ¥ 20 |
Nature of operations
Nature of operations | 12 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of operations | 1. Nature of operations Sony Corporation and its consolidated subsidiaries (hereinafter collectively referred to as “Sony”) are engaged in the development, design, production, manufacture, offer and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets such as network services, game hardware and software, televisions, audio and video recorders and players, still and video cameras, mobile phones, and semiconductors. Sony’s primary manufacturing facilities are located in Asia including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sony’s products and services are marketed throughout the world by sales subsidiaries and unaffiliated distributors as well as direct sales and offers via the internet. Sony is engaged in the development, production, manufacture, and distribution of recorded music and the management and licensing of the words and music of songs as well as production and distribution of animation titles, including game applications based on the animation titles. Sony is also engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. Further, Sony is also engaged in various financial services businesses, including life and non-life |
Summary of significant accounti
Summary of significant accounting policies | 12 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of significant accounting policies | 2. Summary of significant accounting policies The accompanying consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Certain adjustments and reclassifications have been incorporated in the accompanying consolidated financial statements to conform with U.S. GAAP. These adjustments were not recorded in the statutory books and records as Sony Corporation and its subsidiaries in Japan maintain their records and prepare their statutory financial statements in accordance with accounting principles generally accepted in Japan, while its foreign subsidiaries maintain their records and prepare their financial statements in conformity with accounting principles generally accepted in the countries of their domicile. (1) Significant accounting policies Basis of consolidation and accounting for investments in affiliated companies - The consolidated financial statements include the accounts of Sony Corporation and its majority-owned subsidiary companies, general partnerships and other entities in which Sony has a controlling interest, and variable interest entities for which Sony is the primary beneficiary. All intercompany transactions and accounts are eliminated. Investments in business entities in which Sony does not have control, but has the ability to exercise significant influence over operating and financial policies, generally through 20-50% 3-5% On occasion, a consolidated subsidiary or an affiliated company accounted for by the equity method may issue its shares to third parties in either a public or private offering or upon conversion of convertible debt to common stock at amounts per share in excess of or less than Sony’s average per share carrying value. With respect to such transactions, the resulting gains or losses arising from the change in ownership interest are recorded in earnings within the fiscal year in which the change in interest transactions occurs. Gains or losses that result from a loss of a controlling financial interest in a subsidiary are recorded in earnings along with fair value remeasurement gains or losses on any retained investment in the entity, while a change in interest of a consolidated subsidiary that does not result in a change in control is accounted for as a capital transaction and no gains or losses are recorded in earnings. The excess of the cost over the underlying net equity of investments in consolidated subsidiaries and affiliated companies accounted for on an equity basis is allocated to identifiable tangible and intangible assets and liabilities based on fair values at the date of acquisition. The unassigned residual value of the excess of the cost over Sony’s underlying net equity is recognized as goodwill as a component of the investment balance. Use of estimates - The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates include those used in determining the valuation of investment securities, valuation of inventories, fair values of long-lived assets, fair values of goodwill and other intangible assets, fair values of assets and liabilities assumed in business combinations, product warranty liability, pension and severance plans, valuation of deferred tax assets, uncertain tax positions, film costs, and insurance related liabilities. Actual results could significantly differ from those estimates. Translation of foreign currencies - All asset and liability accounts of foreign subsidiaries and affiliates are translated into Japanese yen at appropriate fiscal year end exchange rates and all income and expense accounts are translated at exchange rates that approximate those rates prevailing at the time of the transactions. The resulting translation adjustments are accumulated as a component of accumulated other comprehensive income. Upon remeasurement of a previously held equity interest in accordance with the accounting guidance for business combinations achieved in stages, accumulated translation adjustments, if any, are included in earnings. Monetary assets and liabilities denominated in foreign currencies are translated at appropriate fiscal year end exchange rates and the resulting translation gains or losses are recognized into income. Cash, cash equivalents and restricted cash - Cash and cash equivalents include all highly liquid investments, with original maturities of three months or less, that are readily convertible to known amounts of cash and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates. Sony includes restricted cash within cash and cash equivalents in the statement of cash flows. Marketable debt and equity securities - Debt securities designated as available-for-sale held-to-maturity available-for-sale held-to-maturity Sony regularly evaluates its investment portfolio to identify other-than-temporary impairments of individual debt securities. Factors that are considered by Sony in determining whether an other-than-temporary decline in value has occurred include: the length of time and extent to which the market value of the security has been less than its original cost, the financial condition, operating results, business plans and estimated future cash flows of the issuer of the security, other specific factors affecting the market value, deterioration of the credit condition of the issuer, sovereign risk, and whether or not Sony is able to retain the investment for a period of time sufficient to allow for the anticipated recovery in market value. In evaluating the factors for debt securities designated as available-for-sale When an other-than-temporary impairment of a held-to-maturity Equity securities that do not have readily determinable fair values - Equity securities that do not have readily determinable fair values are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment in the same issuer. If the value of equity securities that do not have readily determinable fair values is estimated to have declined and such decline is judged to be other-than-temporary, Sony recognizes the impairment of the investment and the carrying value is reduced to its fair value. Determination of impairment is based on the consideration of several factors, including operating results, business plans and estimated future cash flows. Fair value is determined through the use of various methodologies such as discounted cash flows, valuation of recent financings and comparable valuations of similar companies. Allowance for doubtful accounts - Sony maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Sony reviews accounts receivable by amounts due from customers which are past due to identify specific customers with known disputes or collectability issues. In determining the amount of the reserve, Sony makes judgments about the creditworthiness of customers based on past collection experience and ongoing credit risk evaluations. Inventories - Inventories in the Game & Network Services (“G&NS”), Music, Home Entertainment & Sound (“HE&S”), Imaging Products & Solutions (“IP&S”), Mobile Communications (“MC”) and Semiconductors segments as well as non-film “first-in, first-out” Other receivables - Other receivables include receivables which relate to arrangements with certain component manufacturers whereby Sony procures goods, including product components, for these component manufacturers and is reimbursed for the related purchases. No revenue or profit is recognized on these transfers. Sony will repurchase the inventory at a later date from the component manufacturers as either finished goods inventory or as partially assembled product. Film costs - Film costs include direct production costs, production overhead and acquisition costs for both motion picture and television productions and are stated at the lower of unamortized cost or estimated fair value and classified as noncurrent assets. Film costs are amortized, and the estimated liabilities for residuals and participations are accrued using an individual-film-forecast method based on the ratio of current period actual revenues to the estimated remaining total revenues. Film costs also include broadcasting rights, which are recognized when the license period begins and the program is available for use, and consist of acquired programming to be aired on Sony’s worldwide channel network. Broadcasting rights are stated at the lower of unamortized cost or net realizable value, classified as either current or noncurrent assets based on timing of expected use. Broadcasting rights are amortized based on estimated usage or on a straight-line basis over the useful life, as appropriate, although broadcasting rights licensed under multi-year live-event sports programming agreements are generally amortized based on the ratio of the current period’s actual advertising revenue and an allocation of subscription fee revenue to the estimated total remaining attributable revenues. Estimates used in calculating the fair value of film costs and the net realizable value of broadcasting rights are based upon assumptions about future demand and market conditions and are reviewed on a periodic basis. Property, plant and equipment and depreciation - Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method. Useful lives for depreciation range from two to 50 years for buildings and from two to 10 years for machinery and equipment. Significant renewals and additions are capitalized at cost. Maintenance and repairs, and minor renewals and betterments are charged to income as incurred. Goodwill and other intangible assets - Goodwill and indefinite lived intangible assets are tested annually for impairment during the fourth quarter of the fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. Such an event or change in circumstances would include unfavorable variances from established business plans, significant changes in forecasted results or volatility inherent to external markets and industries, which are periodically reviewed by Sony’s management. In the fiscal year ended March 31, 2019, Sony elected not to perform an optional qualitative assessment of goodwill and instead proceeded directly to a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. Reporting units are Sony’s operating segments or one level below the operating segments. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the total amount of goodwill allocated to the reporting unit. Indefinite lived intangible assets are tested for impairment by comparing the fair value of the intangible asset with its carrying value, and if the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The fair value of a reporting unit or indefinite lived intangible asset is generally determined using a discounted cash flow analysis. This approach uses significant estimates and assumptions, including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates, earnings multiples, the determination of appropriate comparable entities and the determination of whether a premium or discount should be applied to comparables. Consideration is also given to Sony’s market capitalization in relation to the sum of the calculated fair values of the reporting units, including reporting units with no goodwill, and taking into account corporate level assets and liabilities not assigned to individual reporting units as well as a reasonable control premium. The assumptions used for projected future cash flows and the timing of such cash flows are based on the forecast and mid-range When a business within a reporting unit is disposed of, goodwill is allocated to the disposed business using the relative fair value method. Intangible assets with finite useful lives mainly consist of patent rights, know-how, internal-use know-how, internal-use Capitalized software - The costs related to establishing the technological feasibility of software to be sold, leased or otherwise marketed are expensed as incurred as a part of research and development in cost of sales. Costs that are incurred to produce the finished product after technological feasibility is established are capitalized and amortized to cost of sales over the estimated economic life, which is generally three years. The technological feasibility of game software is established when the product master is completed. Consideration to capitalize game software development costs before this point is limited to the development costs of games for which technological feasibility can be proven at an earlier stage. At each balance sheet date, Sony performs reviews to ensure that unamortized capitalized software costs remain recoverable from future profits of the related software products. The costs incurred for internal-use Deferred insurance acquisition costs - Costs that vary with and are directly related to acquiring new insurance policies are deferred as long as they are recoverable. The deferred insurance acquisition costs include such items as commissions, medical examination costs and inspection report fees, and are subject to recoverability testing at least annually to ensure that the capitalized amounts do not exceed the present value of anticipated gross profits or premiums less benefits and maintenance expenses, as applicable. The deferred insurance acquisition costs for traditional life insurance contracts are amortized over the premium-paying period of the related insurance policies using assumptions consistent with those used in computing policy reserves. The deferred insurance acquisition costs for non-traditional Product warranty - Sony provides for the estimated cost of product warranties at the time revenue is recognized. The product warranty is calculated based upon product sales, estimated probability of failure and estimated cost per claim. The variables used in the calculation of the provision are reviewed on a periodic basis. Future insurance policy benefits - Liabilities for future insurance policy benefits are primarily comprised of the present value of estimated future payments to policyholders. These liabilities are computed by the net level premium method based upon the assumptions as to future investment yield, morbidity, mortality, withdrawals and other factors. These assumptions are reviewed on a periodic basis. Liabilities for future insurance policy benefits also include liabilities for guaranteed benefits related to certain non-traditional Policyholders’ account in the life insurance business - Liabilities for policyholders’ account in the life insurance business represent the contract value that has accrued to the benefit of the policyholders as of the balance sheet date. This liability is generally equal to the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balances. Impairment of long-lived assets - Sony reviews the recoverability of the carrying value of its long-lived assets held and used, other than goodwill and intangible assets with indefinite lives, and assets to be disposed of, whenever events or changes in circumstances indicate that the individual carrying amount of an asset or asset group may not be recoverable. Long-lived assets to be held and used are reviewed for impairment by comparing the carrying value of the asset or asset group with their estimated undiscounted future cash flows. If the cash flows are determined to be less than the carrying value of the asset or asset group, an impairment loss would be recognized during the period for the amount by which the carrying value of the asset or asset group exceeds estimated fair value. Long-lived assets that are to be disposed of other than by sale are considered held and used until they are disposed of. Long-lived assets that are to be disposed of by sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated. Fair value is determined using the present value of estimated net cash flows or comparable market values. This approach uses significant estimates and assumptions including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates applied to determine terminal values, determination of appropriate market comparables and the determination of whether a premium or discount should be applied to comparables. Fair value measurement - Sony measures fair value as an exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Sony has elected the fair value option in the banking business for certain foreign securities. The election was made to mitigate accounting mismatches related to fluctuations of foreign exchange rates by allowing the gains and losses on the translation of these securities to be included in current earnings. The accounting guidance for fair value measurements specifies a hierarchy of inputs to valuation techniques based on the extent to which inputs used in measuring fair value are observable in the market. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect Sony’s assumptions about the assumptions that market participants would use in pricing the asset or liability. Observable market data is used if such data is available without undue cost and effort. Each fair value measurement is reported in one of three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 — Inputs are unadjusted quoted prices for identical assets and liabilities in active markets. Level 2 — Inputs are based on observable inputs other than level 1 prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. Level 3 — One or more significant inputs are unobservable. When available, Sony uses unadjusted quoted market prices in active markets to measure fair value and classifies such items within level 1. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest rates, currency rates and option volatilities. Items valued using internally generated models are classified according to the lowest level input that is significant to the valuation. For certain financial assets and liabilities, Sony determines fair value using third-party information such as indicative quotes from dealers and quantitative input from investment advisors following Sony’s established valuation procedures including validation against internally developed prices. Additionally, Sony considers both counterparty credit risk and Sony’s own creditworthiness in determining fair value. Sony attempts to mitigate credit risk to third parties by entering into netting agreements and actively monitoring the creditworthiness of counterparties and its exposure to credit risk through the use of credit limits and by selecting major international banks and financial institutions as counterparties. Transfers between levels are deemed to have occurred at the beginning of the interim period in which the transfers occur. Derivative financial instruments - All derivatives are recognized as either assets or liabilities in the consolidated balance sheets at fair value on a gross basis. Changes in the fair value of derivative financial instruments are either recognized periodically in income or stockholders’ equity (as a component of accumulated other comprehensive income), depending on whether the derivative financial instrument qualifies as a hedge and the derivative is being used to hedge changes in fair value or cash flows. The accounting guidance for hybrid financial instruments permits an entity to elect fair value remeasurement for any hybrid financial instrument if the hybrid instrument contains an embedded derivative that would otherwise be required to be bifurcated and accounted for separately under accounting guidance for derivative instruments and hedging activities. The election to measure the hybrid instrument at fair value is made on an instrument-by-instrument In accordance with accounting guidance for derivative instruments and hedging activities, various derivative financial instruments held by Sony are classified and accounted for as described below. Fair value hedges Changes in the fair value of derivatives designated and effective as fair value hedges for recognized assets or liabilities or unrecognized firm commitments are recognized in earnings as offsets to changes in the fair value of the related hedged assets or liabilities. Cash flow hedges Changes in the fair value of derivatives designated and effective as cash flow hedges for forecasted transactions or exposures associated with recognized assets or liabilities are initially recorded in other comprehensive income and reclassified into earnings when the hedged transaction affects earnings. Changes in the fair value of the ineffective portion are recognized immediately in earnings. Derivatives not designated as hedges Changes in the fair value of derivatives that are not designated as hedges are recognized immediately in earnings. Assessment of hedges When applying hedge accounting, Sony formally documents all hedging relationships between the derivatives designated as hedges and the hedged items, as well as its risk management objectives and strategies for undertaking various hedging activities. Sony links all hedges that are designated as fair value or cash flow hedges to specific assets or liabilities on the consolidated balance sheets or to the specific forecasted transactions. Sony also assesses, both at the inception of the hedge and on an on-going Stock-based compensation - Sony accounts for stock-based compensation using the fair value based method, measured on the date of grant using the Black-Scholes option-pricing model. The expense is mainly included in selling, general and administrative expenses. Stock-based compensation is recognized, net of an estimated forfeiture rate, over the requisite service period using the accelerated method of amortization for grants with graded vesting. The estimated forfeiture rate is based on Sony’s historical experience in the stock acquisition rights plans where the majority of the vesting terms have been satisfied. Revenue recognition - Sony recognizes revenue in an amount that reflects the consideration Sony expects in exchange for satisfying performance obligations to transfer the goods or services promised in contracts with customers. This is in accordance with the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) Sony satisfies a performance obligation. Sony owns a variety of intellectual property throughout segments and recognizes revenue through the licensing of such intellectual property. Sony has both functional and symbolic intellectual property. The licensing of functional intellectual property grants a customer a right to use Sony’s intellectual property as it exists at a point in time, and Sony satisfies its performance obligation at the point in time when the customer obtains control and is entitled to benefit from the license. The licensing of symbolic intellectual property grants a customer a right to access Sony’s intellectual property over time, and Sony satisfies its performance obligation over the license period as Sony maintains the intellectual property. Incremental costs of obtaining a contract and costs to fulfill a contract are recognized as assets when Sony expects to recover these costs. The incremental costs of obtaining a contract are those costs that would not have been incurred if the contract had not been obtained. Costs to fulfill a contract are those costs that are directly related to a contract or to an anticipated contract and that generate or enhance resources for Sony to satisfy its performance obligations. Sony applies a practical expedient and recognizes the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that would have been recognized is one year or less. Revenues from sales in the HE&S, IP&S, MC and Semiconductors segments are recognized when (or as) performance obligations in contracts with customers are satisfied by transferring control over a promised good or service to a customer. If the sales contract contains a customer acceptance provision, then revenues are recognized after customer acceptance occurs or the acceptance provisions lapse. Revenues are recognized net of anticipated returns and sales incentives. Within the G&NS segment, revenues from hardware, peripherals and software discs are recognized when performance obligations are satisfied by transferring control to the retailer/distributor, net of anticipated returns, sales incentives and cooperative advertising obligations. Revenues from platform licensing to publishers are recognized when physical software discs are delivered. Revenues from digital game content, which is licensed functional intellectual property, are recognized when the digital content is made available for use by the licensee via an online platform, net of anticipated sales incentives and credit card chargebacks. Revenues from digital game content involving multiple performance obligations, such as obligations to make content available on future dates, are allocated to each performance obligation based on the relative standalone selling prices that are observable in the market or Sony’s best estimate. Revenues from subscription fees for digital subscription services are recognized over the subscription period. Within the Music segment, Sony licenses intellectual property that transfer to a customer either a right to use Sony’s intellectual property as it exists at the point in time in which the license is granted, or a right to access Sony’s intellectual property as it exists throughout the license period. Revenues are recognized when the customer has the right to use or access the intellectual property and obtains control of the use or access of that license. Digital revenues include revenues from contracts with digital streaming services typically recognized as a single performance obligation, which is ongoing access to intellectual property in an evolving library of content over the contract term, predicated on: (1) the business practice and contractual ability to remove specific content without a requirement to replace the content and without impact to minimum royalty guarantees and (2) the contracts not containing a specific listing of content subject to the license. For these contracts, revenues are recognized on the basis of sales and usage royalties, except where there is an amount of a minimum royalty guarantee that is not expected to be recouped, or a fixed fee, which is recognized on a straight-line basis over the term of the contract. Revenues from the sale of physical product such as CDs, net of anticipated returns and sales incentives, are recognized when delivery has occurred and the product is available for sale to the public. Within the Pictures segment, revenues from the theatrical exhibition of motion pictures are recognized as the customer exhibits the film. Revenues from the licensing of motion picture and television programming for pay and free television exhibition and other markets are recognized when the product is available for use by the licensee. Revenues for motion picture and television program licensing arrangements involving multiple performance obligations, for example a fee for multiple titles, territories or availability dates, are allocated based on the relative standalone selling price of each performance obligation using Sony’s best estimate based on available information such as market conditions and internal pricing guidelines. Each individual motion picture or television programming product delivered generally represents a separate performance obligation. Licensing revenue associated with certain renewals or extensions of existing agreements for motion pictures and television programming is recognized when the licensee can use and benefit from the content under the renewal or extension. Licensing revenue associated with minimum guarantees for symbolic intellectual property is recognized ratably over the license term. For home entertainment distribution, revenues from the sale of physical product such as DVDs and Blu-ray TM video-on-demand Traditional life insurance policies that the life insurance subsidiary underwrites, most of which are categorized as long-duration contracts, mainly consist of whole life, term life and accident and health insurance contracts. Premiums from these policies are reported as revenue when due from policyholders. Amounts received as payment for non-traditional Property and casualty insurance policies that the non-life Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. As of April 1, 2018, Sony adopted the new accounting standard related to the recognition of revenue in contracts with customers on a modified retrospective basis, and therefore comparative information has not been restated. The adoption of the new standard did not have a material impact on Sony’s results of operations and financial position. Refer to Note 2 (2) Recently adopted accounting pronouncements. Cost of sales - Costs classified as cost of sales relate to the producing and manufacturing of products and include items such as material cost, subcontractor cost, depreciation of fixed assets, amortization of intangible assets, personnel expenses, research and development costs, and amortization of film costs related to motion picture and television productions. Research and development costs - Research and development costs, included in cost of sales, include items such as salaries, personnel expenses and other direct and indirect expenses associated with research and product development. Research and development costs are expensed as incurred. Selling, general and administrative - Costs classified as selling expenses relate to promoting and selling products and include items such as advertising, promotion, shipping and warranty expenses. General and administrative expenses include operating items such as officers’ salaries, personnel expenses, depreciation of fixed assets, office rental for sales, marketing and administrative divisions, a provision for doubtful accounts and amortization of intangible assets. Financial services expenses - Financial services expenses include a provision for policy reserves and amortization of deferred insurance acquisition costs, and all other operating costs, such as personnel expenses, depreciation of fixed assets, and office rental of subsidiaries, in the Financial Services segment. Advertising costs - Advertising costs are expensed when the advertisement or commercial appears in the selected media. Shipping and handling costs - The majority of shipping and handling, |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2019 | |
Inventory Disclosure [Abstract] | |
Inventories | 3. Inventories Inventories are comprised of the following: Yen in millions March 31 2018 2019 Finished products 422,461 407,295 Work in process 153,257 154,178 Raw materials, purchased components and supplies 117,219 91,805 Inventories 692,937 653,278 |
Film costs
Film costs | 12 Months Ended |
Mar. 31, 2019 | |
Other Industries [Abstract] | |
Film costs | 4 . Film costs Film costs are comprised of the following: Yen in millions March 31 2018 2019 Motion picture productions: Released 81,755 87,158 Completed and not released 1,728 3,189 In production and development 78,868 130,736 Television productions: Released 127,790 144,316 In production and development 1,174 9,147 Broadcasting rights 72,125 70,401 Less: current portion of broadcasting rights included in inventories (35,795 ) (35,942 ) Film costs 327,645 409,005 Sony estimates that approximately 93% of the unamortized film costs of released motion picture and television productions at March 31, 2019 will be amortized within the next three years. Approximately 168 billion yen of completed film costs are expected to be amortized during the next twelve months. Approximately 166 billion yen of accrued participation liabilities included in accounts payable, other and accrued expenses are expected to be paid during the next twelve months. |
Investments in affiliated compa
Investments in affiliated companies | 12 Months Ended |
Mar. 31, 2019 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments in affiliated companies | 5. Investments in affiliated companies The summarized combined financial information that is based on information provided by the equity investees including information for significant equity affiliates and the reconciliation of such information to the consolidated financial statements is shown below: Balance Sheets Yen in millions March 31 2018 2019 Current assets 404,658 355,320 Noncurrent assets 868,455 608,626 Current liabilities 273,067 188,905 Noncurrent liabilities and noncontrolling interests 768,007 584,714 Percentage of ownership in equity investees 20%-50 % 20%-50 % Statements of Income Yen in millions Fiscal year ended March 31 2017 2018 2019 Net revenues 387,229 468,933 390,457 Operating income 37,800 56,729 53,920 Net income attributable to controlling interests 11,529 27,301 5,539 Percentage of ownership in equity investees 20%-50 % 20%-50 % 20%-50 % On November 14, 2018, Sony Corporation of America, Sony’s wholly-owned subsidiary, completed the acquisition of the entirety of the approximately 60% equity interest held by the investor consortium led by the Mubadala Investment Company in DH Publishing, L.P. (“EMI”) , which owned and managed EMI Music Publishing. As a result of this acquisition, EMI became a wholly-owned subsidiary of Sony as described in Note 25. On January 30, 2017, Sony sold 17,302,700 shares of its 127,381,600 shares in its affiliated company M3, Inc. (“M3”) to a third party for cash consideration of 51,968 million yen, which is included within other in the investing activities section of the consolidated statements of cash flows. In connection with the sale, Sony’s share ownership decreased from 39.35% to 34.0% of the issued and outstanding shares of M3 and Sony recorded a gain of 37,167 million yen in other operating (income) expense, net in the consolidated statements of income for the fiscal year ended March 31, 2017. Sony continues to account for its remaining interest in M3 under the equity method. Sony remains a major shareholder of M3 and will continue to pursue opportunities to collaborate with M3 in certain business areas, including medical. The carrying value of Sony’s investment in M3 exceeded its proportionate share in the underlying net assets of M3 by 102,696 million yen at March 31, 2019. The excess is substantially attributable to the remeasurement to fair value of the remaining shares of M3, and allocated to identifiable tangible and intangible assets. The intangible assets relate primarily to M3’s medical web-portal. With the exception of M3 as described above, there was no significant difference between Sony’s proportionate share in the underlying net assets of the investees and the carrying value of investments in affiliated companies at March 31, 2018 and 2019. Several affiliated companies are listed on the Tokyo Stock Exchange and Sony’s investments in these companies have an aggregate carrying value and fair value of 104,079 million yen and 423,108 million yen, respectively, as of March 31, 2019. The number of affiliated companies accounted for under the equity method as of March 31, 2018 and 2019 were 107 and 133, respectively. Account balances and transactions with affiliated companies accounted for under the equity method are presented below. There are no other material transactions or account balances with any other related parties. Yen in millions March 31 2018 2019 Accounts receivable, trade 15,516 12,404 Accounts payable, trade 2,568 1,087 Short-term borrowings 22,849 29,744 Capital lease obligations 13,294 20,265 Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales 31,238 45,415 41,437 Purchases 1,966 3,180 5,584 Lease payments 16,492 7,749 7,455 Sony entered into sale and leaseback transactions regarding certain machinery and equipment with SFI Leasing Company, Limited (“SFIL”), a leasing company in Japan, in the fiscal years ended March 31, 2017, 2018 and 2019. SFIL is accounted for under the equity method and is 34% owned by Sony. MITSUI-SOKO Supply Chain Solutions, Inc. is accounted for under the equity method and is 34% owned by Sony as a result of the sale of the logistics business on April 1, 2015. As of the fiscal years ended March 31, 2018 and 2019, account balances with MITSUI-SOKO Supply Chain Solutions, Inc. and its subsidiaries were 3,662 million yen and 3,435 million yen, respectively, which are mainly included in accrued expenses. For the fiscal years ended March 31, 2018 and 2019, transactions were 9,123 million yen and 10,606 million yen, respectively, which are mainly included in general and administrative expenses. Dividends from affiliated companies accounted for under the equity method for the fiscal years ended March 31, 2017, 2018 and 2019 were 7,970 million yen, 5,613 million yen and 4,948 million yen, respectively. |
Transfer of financial assets
Transfer of financial assets | 12 Months Ended |
Mar. 31, 2019 | |
Transfers and Servicing [Abstract] | |
Transfer of financial assets | 6. Transfer of financial assets Sony has established several accounts receivable sales programs mainly within the HE&S, IP&S and MC segments. Through these programs, Sony can sell receivables to a commercial bank or a special purpose entity associated with a sponsor bank. Total receivables sold during the fiscal years ended March 31, 2017, 2018 and 2019 were 73,185 million yen, 84,718 million yen and 81,947 million yen, respectively. These transactions are accounted for as sales in accordance with the accounting guidance for transfers of financial assets, because Sony has relinquished control of the receivables. Sony includes the sales proceeds from these receivables as cash flows within operating activities in the consolidated statement of cash flows because the receivables are the result of operating activities and are short term in nature. Gains and losses from these transactions were insignificant. Although Sony continues servicing the receivables subsequent to being sold or contributed, no servicing assets or liabilities are recorded as the costs of collection of the sold receivables and the income from servicing such receivables are insignificant. Certain of the accounts receivable sales programs above also involve VIEs. Refer to Note 24. |
Marketable securities and secur
Marketable securities and securities investments | 12 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Marketable securities and securities investments | 7. Marketable securities and securities investments Marketable securities and securities investments, primarily included in the Financial Services segment, are comprised of debt and equity securities for which the aggregate cost, gross unrealized gains and losses and fair value pertaining to available-for-sale held-to-maturity 2016-01 available-for-sale Yen in millions March 31, 2018 March 31, 2019 Cost Gross Gross Fair value Cost Gross Gross Fair value Available-for-sale: Debt securities: Japanese national government bonds 1,227,139 182,830 (359 ) 1,409,610 1,422,620 220,989 (20 ) 1,643,589 Japanese local government bonds 67,574 107 (112 ) 67,569 67,461 70 (34 ) 67,497 Japanese corporate bonds 199,880 9,844 (1,016 ) 208,708 202,433 17,178 (223 ) 219,388 Foreign government bonds 72,204 622 (3,287 ) 69,539 153,429 8,669 (603 ) 161,495 Foreign corporate bonds 365,457 1,649 (641 ) 366,465 360,299 944 (376 ) 360,867 Securitized products 99,349 1 (0 ) 99,350 190,111 1 — 190,112 Other — — — — 2,286 2,402 — 4,688 2,031,603 195,053 (5,415 ) 2,221,241 2,398,639 250,253 (1,256 ) 2,647,636 Equity securities 55,676 71,723 (776 ) 126,623 — — — — Held-to-maturity Japanese national government bonds 5,892,868 1,635,036 (20,890 ) 7,507,014 6,042,635 2,016,786 — 8,059,421 Japanese local government bonds 3,850 413 — 4,263 3,518 388 — 3,906 Japanese corporate bonds 345,818 16,912 (17,390 ) 345,340 409,329 44,348 (5,845 ) 447,832 Foreign government bonds 300,220 8,310 (18,570 ) 289,960 386,392 18,609 (13,742 ) 391,259 Foreign corporate bonds 198 13 — 211 198 11 — 209 6,542,954 1,660,684 (56,850 ) 8,146,788 6,842,072 2,080,142 (19,587 ) 8,902,627 Total 8,630,233 1,927,460 (63,041 ) 10,494,652 9,240,711 2,330,395 (20,843 ) 11,550,263 The following table presents the cost and fair value of debt securities classified as available-for-sale held-to-maturity Yen in millions March 31, 2019 Available-for-sale Held-to-maturity Cost Fair value Cost Fair value Due in one year or less 132,770 132,745 6,286 6,334 Due after one year through five years 455,624 462,682 37,281 40,085 Due after five years through ten years 476,261 552,287 393,787 453,310 Due after ten years 1,333,984 1,499,922 6,404,718 8,402,898 Total 2,398,639 2,647,636 6,842,072 8,902,627 Proceeds from sales of available-for-sale 2016-01 available-for-sale Marketable securities classified as trading securities, which are held primarily in the Financial Services segment, totaled 1,048,062 million yen and 234,117 million yen as of March 31, 2018 and 2019, respectively. Sony recorded net unrealized gains of 56,593 million yen, net unrealized gains of 48,047 million yen, and net unrealized gains of 3,610 million yen for the fiscal years ended March 31 2017, 2018 and 2019, respectively. Changes in the fair value of trading securities are primarily recognized in financial services revenue in the consolidated statements of income. Sony adopted ASU 2016-01 The following tables present the gross unrealized losses on, and fair value of, Sony’s investment securities with unrealized losses, aggregated by investment category and the length of time that individual investment securities have been in a continuous unrealized loss position, at March 31, 2018 and 2019. Sony adopted ASU 2016-01 available-for-sale Yen in millions March 31, 2018 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: Debt securities: Japanese national government bonds 10,118 (11 ) 32,836 (348 ) 42,954 (359 ) Japanese local government bonds 9,324 (11 ) 14,729 (101 ) 24,053 (112 ) Japanese corporate bonds 11,046 (10 ) 64,119 (1,006 ) 75,165 (1,016 ) Foreign government bonds 40,156 (2,281 ) 7,752 (1,006 ) 47,908 (3,287 ) Foreign corporate bonds 34,840 (69 ) 21,191 (572 ) 56,031 (641 ) Securitized products 1,840 (0 ) 315 (0 ) 2,155 (0 ) 107,324 (2,382 ) 140,942 (3,033 ) 248,266 (5,415 ) Equity securities 13,859 (776 ) 15 (0 ) 13,874 (776 ) Held-to-maturity Japanese national government bonds — — 304,564 (20,890 ) 304,564 (20,890 ) Japanese local government bonds — — — — — — Japanese corporate bonds — — 174,815 (17,390 ) 174,815 (17,390 ) Foreign government bonds 20,448 (704 ) 134,230 (17,866 ) 154,678 (18,570 ) Foreign corporate bonds — — — — — — 20,448 (704 ) 613,609 (56,146 ) 634,057 (56,850 ) Total 141,631 (3,862 ) 754,566 (59,179 ) 896,197 (63,041 ) Yen in millions March 31, 2019 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: Debt securities: Japanese national government bonds — — 4,063 (20 ) 4,063 (20 ) Japanese local government bonds 27,404 (29 ) 4,872 (5 ) 32,276 (34 ) Japanese corporate bonds 25,725 (21 ) 19,925 (202 ) 45,650 (223 ) Foreign government bonds — — 15,878 (603 ) 15,878 (603 ) Foreign corporate bonds 50,281 (117 ) 15,455 (259 ) 65,736 (376 ) Securitized products — — — — — — Other — — — — — — 103,410 (167 ) 60,193 (1,089 ) 163,603 (1,256 ) Held-to-maturity Japanese national government bonds — — — — — — Japanese local government bonds — — — — — — Japanese corporate bonds — — 97,984 (5,845 ) 97,984 (5,845 ) Foreign government bonds — — 151,229 (13,742 ) 151,229 (13,742 ) Foreign corporate bonds — — — — — — — — 249,213 (19,587 ) 249,213 (19,587 ) Total 103,410 (167 ) 309,406 (20,676 ) 412,816 (20,843 ) At March 31, 2019, Sony determined that the decline in value for securities with unrealized losses shown in the above table is not other-than-temporary in nature. For the fiscal year ended March 31, 2019, with respect to equity securities included in marketable securities and securities investments, Sony recorded net realized gains of 77,495 million yen due to the sale of equity securities and net unrealized gains of 104,168 million yen due to revaluation of equity securities held as of March 31, 2019. Gains or losses arising from equity securities held in the Financial Services segment are recorded in financial services revenue, and gains or losses arising from equity securities held in all segments other than the Financial Services segment are recorded in gain on equity securities, net in the consolidated statement of income. Included in the gains noted above were gains recorded by Sony with respect to the equity securities held by Sony in Spotify Technology S.A. (“Spotify”). On April 3, 2018, Spotify was publicly listed for trading on the New York Stock Exchange. Sony owned 5.707% of Spotify’s shares at the time of the public listing. During the fiscal year ended March 31, 2019, Sony sold a portion of the Spotify shares that it owned for aggregate consideration of 82,616 million yen (768 million U.S. dollars) in cash proceeds. The sale of such shares, offset by costs to be paid to Sony’s artists and distributed labels and other transaction costs which directly related to the gains recognized from the sale of Spotify shares, resulted in a net pre-tax The remaining Spotify shares retained as of March 31, 2019 have a gross fair value of 78,947 million yen (711 million U.S. dollars), and the revaluation of such shares resulted in a pre-tax In the ordinary course of business, Sony maintains long-term investment securities, included in securities investments and other, issued by various non-public non-public non-public 2016-01 |
Leases
Leases | 12 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases | 8. Leases Sony leases certain communication and commercial equipment, plant, office space, warehouses, employees’ residential facilities and other assets under both capital and operating leases. Sony has also entered into capital lease arrangements with third parties to finance sale and leaseback transactions for certain office buildings, machinery and equipment. (1) Capital leases Leased assets under capital leases are comprised of the following: Yen in millions March 31 Class of property 2018 2019 Machinery, equipment and others 93,491 92,915 Buildings 6,639 29,089 Accumulated amortization (58,861 ) (61,349 ) 41,269 60,655 The following is a schedule by fiscal year of the future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of March 31, 2019: Fiscal year ending March 31 Yen in millions 2020 36,195 2021 10,429 2022 6,454 2023 5,246 2024 3,448 Later fiscal years 15,441 Total minimum lease payments 77,213 Less — Amount representing interest 8,385 Present value of net minimum lease payments 68,828 Less — Current obligations 35,144 Long-term capital lease obligations 33,684 (2) Operating leases The minimum rental payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year at March 31, 2019 are as follows: Fiscal year ending March 31 Yen in millions 2020 58,901 2021 48,823 2022 34,726 2023 25,355 2024 22,152 Later fiscal years 78,507 Total minimum future rentals 268,464 Rental expenses under operating leases for the fiscal years ended March 31, 2017, 2018 and 2019 were 77,976 million yen, 77,950 million yen and 71,516 million yen, respectively. Sublease rentals received under operating leases for the fiscal years ended March 31, 2017, 2018 and 2019 were 1,157 million yen, 1,325 million yen and 1,013 million yen, respectively. The total minimum rentals to be received in the future under noncancelable subleases for operating leases as of March 31, 2019 were 1,598 million yen. |
Goodwill and other intangible a
Goodwill and other intangible assets | 12 Months Ended |
Mar. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and other intangible assets | 9. Goodwill and other intangible assets Intangible assets other than goodwill acquired during the fiscal year ended March 31, 2019 totaled 523,504 million yen, of which 523,494 million yen is subject to amortization, and are comprised of the following: Intangible assets acquired during the fiscal year Weighted-average Yen in millions Years Patent rights, know-how 1,728 6 Software to be sold, leased or otherwise marketed 17,114 3 Internal-use 72,730 4 Music catalogs * 412,575 43 Artist contracts 13,847 27 Other 5,500 9 * Includes music catalogs relating to EMI Music Publishing acquisition. Refer to Note 25. In the fiscal year ended March 31, 2019, additions to internal-use Intangible assets subject to amortization are comprised of the following: Yen in millions March 31, 2018 March 31, 2019 Gross carrying Accumulated Gross carrying Accumulated Patent rights, know-how 175,980 (142,724 ) 169,761 (145,525 ) Customer relationships 18,881 (7,615 ) 15,759 (11,825 ) Trademarks 16,310 (8,451 ) 15,768 (9,863 ) Software to be sold, leased or otherwise marketed 123,269 (92,457 ) 125,350 (96,322 ) Internal-use 494,649 (315,516 ) 529,022 (345,935 ) Music catalogs 207,789 (94,210 ) 615,206 (106,725 ) Artist contracts 28,534 (27,650 ) 42,575 (29,108 ) Television carriage contracts (broadcasting agreements) 74,258 (25,884 ) 74,605 (28,685 ) Other 58,543 (47,586 ) 61,675 (49,288 ) Total 1,198,213 (762,093 ) 1,649,721 (823,276 ) The aggregate amortization expense for intangible assets for the fiscal years ended March 31, 2017, 2018 and 2019 was 121,634 million yen, 123,450 million yen and 109,452 million yen, respectively. The estimated aggregate amortization expense for intangible assets for the next five fiscal years is as follows: Fiscal year ending March 31 Yen in millions 2020 100,631 2021 84,220 2022 64,747 2023 49,941 2024 34,907 Total carrying amount of intangible assets having an indefinite life are comprised of the following: Yen in millions March 31 2018 2019 Trademarks 68,922 69,447 Distribution agreements 18,834 18,834 Other 3,292 3,240 Total 91,048 91,521 The changes in the carrying amount of goodwill by segment for the fiscal years ended March 31, 2018 and 2019 are as follows: Yen in millions G&NS Music Pictures HE&S IP&S MC Semiconductors Financial All Other Total Balance, March 31, 2017: Goodwill — gross 151,938 166,416 246,085 5,320 8,451 179,331 48,069 3,081 28,842 837,533 Accumulated impairments — (306 ) (107,932 ) (5,320 ) (300 ) (176,045 ) — (706 ) (24,386 ) (314,995 ) Goodwill 151,938 166,110 138,153 — 8,151 3,286 48,069 2,375 4,456 522,538 Increase (decrease) due to: Acquisitions — 2,877 12,842 — 1,204 — — 4,850 — 21,773 Sales and dispositions — (121 ) — — — — — — — (121 ) Impairments — — — — — — — — — — Translation adjustments (1,332 ) (3,472 ) (6,583 ) — 162 — (1,072 ) — (85 ) (12,382 ) Other — — — — — — (1,204 ) — (112 ) (1,316 ) Balance, March 31, 2018: Goodwill — gross 150,606 165,700 246,620 5,320 9,817 179,331 45,793 7,931 27,912 839,030 Accumulated impairments — (306 ) (102,208 ) (5,320 ) (300 ) (176,045 ) — (706 ) (23,653 ) (308,538 ) Goodwill 150,606 165,394 144,412 — 9,517 3,286 45,793 7,225 4,259 530,492 Increase (decrease) due to: Acquisitions* 2,261 240,396 387 — — — — — — 243,044 Sales and dispositions — — — — — — — — — — Impairments — — — — (776 ) — — — (4,331 ) (5,107 ) Translation adjustments 1,088 (2,420 ) 3,673 — (73 ) — 771 — 72 3,111 Other — — (2,988 ) — — — — — — (2,988 ) Balance, March 31, 2019: Goodwill — gross 153,955 403,676 252,262 5,320 9,765 179,331 46,564 7,931 28,570 1,087,374 Accumulated impairments — (306 ) (106,778 ) (5,320 ) (1,097 ) (176,045 ) — (706 ) (28,570 ) (318,822 ) Goodwill 153,955 403,370 145,484 — 8,668 3,286 46,564 7,225 — 768,552 * Acquisitions for the fiscal year ended March 31, 2019 relate mainly to EMI Music Publishing acquisition in the Music segment. Refer to Note 25. Impairment of goodwill in the Pictures segment - During the fiscal year ended March 31, 2017, Sony made a downward revision in the future profitability projection for the Motion Pictures business within the Pictures segment primarily due to a lowering of previous expectations regarding the home entertainment business, mainly driven by an acceleration of market decline. The future profitability projection for the Motion Pictures business also reflected a reduction in underlying profitability projections of film performance largely mitigated by measures identified to improve the profitability of the Motion Pictures business. Sony assessed the aforementioned events and circumstances and determined that it was more likely than not that the fair value of the Production & Distribution reporting unit (which includes the Motion Pictures and the Television Productions businesses) was less than its carrying value. Accordingly, Sony conducted the goodwill impairment tests using this new profitability projection and recalculated the implied fair value of the goodwill of the reporting unit. As a result of this recalculation, the carrying value of the goodwill was determined to be zero. Consequently, the entire amount of the goodwill in the Production & Distribution reporting unit, 112,069 million yen, was impaired, in the fiscal year ended March 31, 2017. The impairment loss was included in other operating (income) expense, net in the consolidated statements of income, and was recorded entirely within the Pictures segment. |
Insurance-related accounts
Insurance-related accounts | 12 Months Ended |
Mar. 31, 2019 | |
Insurance [Abstract] | |
Insurance-related accounts | 10. Insurance-related accounts Sony’s Financial Services segment subsidiaries in Japan maintain their accounting records as described in Note 2 in accordance with the accounting principles and practices generally accepted in Japan, which vary in some respects from U.S. GAAP. Those differences are mainly that insurance acquisition costs for life and non-life The combined amounts of statutory net equity of the insurance subsidiaries, which is not measured in accordance with U.S. GAAP, as of March 31, 2018 and 2019 were 525,976 million yen and 548,730 million yen, respectively. (1) Insurance policies Life insurance policies that a subsidiary in the Financial Services segment underwrites, most of which are categorized as long-duration contracts, mainly consist of whole life, term life and accident and health insurance contracts. The life insurance revenues for the fiscal years ended March 31, 2017, 2018 and 2019 were 754,242 million yen, 857,766 million yen and 910,011 million yen, respectively. Property and casualty insurance policies that a subsidiary in the Financial Services segment underwrites are primarily automotive insurance contracts, which are categorized as short-duration contracts. The non-life (2) Deferred insurance acquisition costs Amortization of deferred insurance acquisition costs charged to income for the fiscal years ended March 31, 2017, 2018 and 2019 amounted to 36,130 million yen, 68,137 million yen and 79,906 million yen, respectively. (3) Future insurance policy benefits Liabilities for future policy benefits, which mainly relate to individual life insurance policies, are established in amounts adequate to meet the estimated future obligations of policies in force. These liabilities, which require significant management judgment and estimates, are computed by the net level premium method based upon the assumptions as to future investment yield, morbidity, mortality, withdrawals and other factors. Future policy benefits are computed using interest rates ranging from 0.8% to 4.5% and are based on factors such as market conditions and expected investment returns. Morbidity, mortality and withdrawal assumptions for all policies are based on either the subsidiary’s own experience or various actuarial tables. Generally these assumptions are locked-in (4) Policyholders’ account in the life insurance business Policyholders’ account in the life insurance business represents an accumulation of account deposits plus credited interest less withdrawals, expenses and mortality charges. Policyholders’ account includes universal life insurance and investment contracts. Universal life insurance includes interest sensitive whole life contracts and variable contracts. The credited rates associated with interest sensitive whole life contracts range from 1.8% to 2.0%. For variable contracts, policy values are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. Investment contracts mainly include single payment endowment contracts, single payment educational endowment contracts, individual variable annuities and policies after the start of annuity payments. The credited rates associated with investment contracts, except for individual variable annuities, range from 0.01% to 6.3%. For individual variable annuities, policy values are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. Policyholders’ account in the life insurance business is comprised of the following: Yen in millions March 31 2018 2019 Universal life insurance 1,951,906 2,104,646 Investment contracts 738,404 816,903 Other 130,392 126,653 Total 2,820,702 3,048,202 |
Short-term borrowings and long-
Short-term borrowings and long-term debt | 12 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Short-term borrowings and long-term debt | 11. Short-term borrowings and long-term debt Short-term borrowings are comprised of the following: Yen in millions March 31 2018 2019 Unsecured loans: with a weighted-average interest rate of 3.95% 64,480 with a weighted-average interest rate of 2.52% 55,186 Secured loans: with a weighted-average interest rate of 0.12% 27 Repurchase agreement: with a weighted-average interest rate of 0.18% 335,586 with a weighted-average interest rate of 0.56% 432,820 Secured call money: with a weighted-average interest rate of (0.07)% 96,000 with a weighted-average interest rate of 0.18% 130,612 496,093 618,618 At March 31, 2019, certain subsidiaries in the Financial Services segment pledged marketable securities and securities investments with a book value of 363,322 million yen as collateral for 432,820 million yen of short-term repurchase agreements. The repurchase agreement provides for net settlement upon a termination event. At March 31, 2019, certain subsidiaries in the Financial Services segment pledged marketable securities and securities investments with a book value of 59,496 million yen as collateral for 130,612 million yen of secured call money. In addition, certain subsidiaries in the Financial Services segment pledged marketable securities and securities investments with an aggregate book value of 8,822 million yen as collateral for cash settlements, variation margins of futures markets and certain other purposes. Long-term debt is comprised of the following: Yen in millions March 31 2018 2019 Unsecured loans, representing obligations principally to banks: Due 2018 to 2024, with interest rates ranging from 0.01% to 5.10% per annum 49,454 Due 2019 to 2024, with interest rates ranging from 0.01 % to 7.89 % per annum 57,321 Unsecured 0.86% bonds, due 2018 150,000 Unsecured 2.00% bonds, due 2018 16,300 Unsecured 0.05% bonds, due 2019 69,879 69,964 Unsecured 2.07% bonds, due 2019 50,000 50,000 Unsecured 0.23% bonds, due 2021 89,744 89,819 Unsecured 0.11% bonds, due 2022 10,000 10,000 Unsecured 1.41% bonds, due 2022 10,000 10,000 Unsecured 0.28% bonds, due 2023 15,000 15,000 Unsecured 0.22% bonds, due 2025 10,000 10,000 Unsecured 0.42% bonds, due 2026 24,899 24,911 Unsecured zero coupon convertible bonds, due 2022, conversion price 5,008.0 yen per common share 119,976 119,961 Secured 0.00% loans, due 2019 to 2022 170,002 Secured 0.00% loans, due 2020 to 2023 200,003 Capital lease obligations and other: Due 2018 to 2047, with interest rates ranging from 0.36% to 11.88% per annum 52,929 Due 2019 to 2048, with interest rates ranging from 0.36% to 9.14% per annum 72,991 Guarantee deposits received 10,790 10,863 848,973 740,833 Less — Portion due within one year 225,522 172,461 623,451 568,372 At March 31, 2019, certain subsidiaries in the Financial Services segment pledged marketable securities and securities investments with a book value of 13,043 million yen and housing loans with a book value of 412,560 million yen as collateral for a 200,000 million yen long-term secured loan. On July 21, 2015, Sony issued 120,000 million yen of 130% callable unsecured zero coupon convertible bonds with stock acquisition rights due 2022 (the “Zero Coupon Convertible Bonds”). The bondholders are entitled to stock acquisition rights effective from September 1, 2015 to September 28, 2022. The initial conversion price is 5,008.0 yen per common share. In addition to the standard anti-dilution provisions, the conversion price is reduced for a certain period before an early redemption triggered upon the occurrence of certain corporate events including a merger, corporate split and delisting event. The reduced amount of the conversion price will be determined by a formula that is based on the effective date of the reduction and Sony’s common stock price. The reduced conversion price ranges from 3,526.5 yen to 5,008.0 yen per common share. The conversion price is also adjusted for dividends in excess of 25 yen per common share per fiscal year. The initial conversion price has been adjusted to 4,996.0 yen per common share since May 10, 2019 because the payment of the total annual dividend per common share for the fiscal year ended March 31, 2019 was 35 yen, which is in excess of 25 yen. Sony has the option to redeem all of the Zero Coupon Convertible Bonds outstanding at 100% of the principal amount after July 21, 2020, if the closing sales price per share of Sony’s common stock on the Tokyo Stock Exchange is 130% or more of the conversion price of the Zero Coupon Convertible Bonds for 20 consecutive trading days. Sony was not required to bifurcate any of the embedded features contained in the Zero Coupon Convertible Bonds for accounting purposes. There are no significant adverse debt covenants under the Zero Coupon Convertible Bonds. In September 2016, Sony issued unsecured straight bonds in the aggregate principal amount of 200,000 million yen. In June 2018, Sony repaid 150,000 million yen of the 200,000 million yen. There are no significant adverse debt covenants or cross-default provisions related to the other short-term borrowings and long-term debt. Aggregate amounts of annual maturities of long-term debt are as follows: Fiscal year ending March 31 Yen in millions 2020 172,461 2021 41,466 2022 186,004 2023 227,987 2024 18,102 Later fiscal years 94,813 Total 740,833 At March 31, 2019, Sony had unused committed lines of credit amounting to 522,453 million yen and can generally borrow up to 180 days from the banks with whom Sony has committed line contracts. Furthermore, at March 31, 2019, Sony has commercial paper programs totaling 1,054,950 million yen. Sony can issue commercial paper for a period generally not in excess of 270 days up to the size of the programs. In connection with EMI Music Publishing acquisition, Sony assumed $350 million of unsecured notes (the “EMI Notes”) due June 15, 2024 with a fixed annual interest rate of 7.625%. In April 2019, Sony notified the EMI Noteholders of its intention to redeem the entirety of the EMI Notes on June 17, 2019 at a premium of 105.719% plus accrued and unpaid interest in accordance with the terms of the EMI Notes. The EMI Notes are included in “Later fiscal years” in the table above. Refer to Note 25. |
Housing loans and deposits from
Housing loans and deposits from customers in the banking business | 12 Months Ended |
Mar. 31, 2019 | |
Banking and Thrift [Abstract] | |
Housing loans and deposits from customers in the banking business | 12. Housing loans and deposits from customers in the banking business (1) Housing loans in the banking business Sony acquires and holds certain financial receivables in the normal course of business. The majority of financing receivables held by Sony consists of housing loans in the banking business and no other significant financial receivables exist. A subsidiary in the banking business monitors the credit quality of housing loans based on the classification set by the financial conditions and the past due status of individual obligors. Past due status is monitored on a daily basis and the aforementioned classification is reviewed on a quarterly basis. The allowance for the credit losses is established based on the aforementioned classifications and the evaluation of collateral. The amount of housing loans in the banking business and the corresponding allowance for credit losses as of March 31, 2018 were 1,522,415 million yen and 717 million yen, respectively, and as of March 31, 2019 were 1,685,504 million yen and 829 million yen, respectively. During the fiscal years ended March 31, 2018 and 2019, charge-offs on housing loans in the banking business and changes in the allowance for credit losses were not significant. The balance of housing loans placed on nonaccrual status or past due status were not significant as of March 31, 2018 and 2019. (2) Deposits from customers in the banking business All deposits from customers in the banking business within the Financial Services segment are interest bearing deposits. At March 31, 2018 and 2019, the balances of time deposits issued in amounts of 10 million yen or more were 279,943 million yen and 292,968 million yen, respectively. These amounts have been classified as current liabilities mainly due to the ability of the customers to make withdrawals prior to maturity. At March 31, 2019, aggregate amounts of annual maturities of time deposits with a remaining term of more than one year are as follows: Fiscal year ending March 31 Yen in millions 2021 66,796 2022 15,513 2023 11,083 2024 10,813 2025 2,530 Later fiscal years 25,047 Total 131,782 |
Fair value measurements
Fair value measurements | 12 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair value measurements | 13. Fair value measurements As discussed in Note 2, assets and liabilities subject to the accounting guidance for fair value measurements held by Sony are classified and accounted for as described below. (1) Assets and liabilities that are measured at fair value on a recurring basis The following section describes the valuation techniques used by Sony to measure different financial instruments at fair value, including an indication of the level in the fair value hierarchy in which each instrument is generally classified. Debt securities, equity securities, and other investments Where quoted prices are available in an active market, securities are classified in level 1 of the fair value hierarchy. Level 1 securities include exchange-traded equities. If quoted market prices are not available for the specific security or the market is inactive, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows and mainly classified in level 2 of the hierarchy. Level 2 securities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments, such as the majority of government bonds and corporate bonds. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within level 3 of the fair value hierarchy. Level 3 securities primarily include certain securitized products, certain hybrid financial instruments, certain private equity investments, and certain domestic and foreign corporate bonds not classified within level 1 or level 2. Derivatives Exchange-traded derivatives valued using quoted prices are classified within level 1 of the fair value hierarchy. However, few classes of derivative contracts are listed on an exchange; thus, the majority of Sony’s derivative positions are valued using internally developed models that use as their basis readily observable market parameters — i.e., parameters that are actively quoted and can be validated to external sources, including industry pricing services. Depending on the types and contractual terms of derivatives, fair value can be modeled using a series of techniques, such as the Black-Scholes option pricing model, which are consistently applied. Where derivative products have been established for some time, Sony uses models that are widely accepted in the financial services industry. These models reflect the contractual terms of the derivatives, including the period to maturity, and market-based parameters such as interest rates, volatility, and the credit rating of the counterparty. Further, many of these models do not contain a high level of subjectivity as the techniques used in the models do not require significant judgment, and inputs to the model are readily observable from actively quoted markets. Such instruments are generally classified within level 2 of the fair value hierarchy. In determining the fair value of Sony’s interest rate swap derivatives, Sony uses the present value of expected cash flows based on market observable interest rate yield curves commensurate with the term of each instrument. For foreign currency derivatives, Sony’s approach is to use forward contract and option valuation models employing market observable inputs, such as spot currency rates, time value and option volatilities. These derivatives are classified within level 2 since Sony primarily uses observable inputs in its valuation of its derivative assets and liabilities. The fair value of Sony’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2018 and 2019 are as follows. Sony adopted ASU 2016-01 Yen in millions March 31, 2018 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities Other liabilities Other liabilities Assets: Trading securities 712,113 335,949 — 1,048,062 1,048,062 — — — Available-for-sale Debt securities Japanese national government bonds — 1,409,610 — 1,409,610 20,473 1,389,137 — — Japanese local government bonds — 67,569 — 67,569 8,548 59,021 — — Japanese corporate bonds — 208,708 — 208,708 8,041 200,667 — — Foreign government bonds *1 — 69,539 — 69,539 — 69,539 — — Foreign corporate bonds *2 — 338,587 27,878 366,465 88,228 278,237 — — Securitized products *3 — 15,736 83,614 99,350 — 99,350 — — Equity securities 126,330 293 — 126,623 — 126,623 — — Other investments *4 6,192 5,099 9,104 20,395 — 20,395 — — Derivative assets *5 2,194 37,332 — 39,526 — — 37,003 2,523 Total assets 846,829 2,488,422 120,596 3,455,847 1,173,352 2,242,969 37,003 2,523 Liabilities: Derivative liabilities *5 1,407 34,317 — 35,724 — — 20,550 15,174 Total liabilities 1,407 34,317 — 35,724 — — 20,550 15,174 Yen in millions March 31, 2019 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities Other liabilities Other liabilities Assets: Debt securities Trading securities 22,105 212,012 — 234,117 234,117 — — — Available-for-sale Japanese national government bonds — 1,643,589 — 1,643,589 18,719 1,624,870 — — Japanese local government bonds — 67,497 — 67,497 7,768 59,729 — — Japanese corporate bonds — 219,388 — 219,388 11,472 207,916 — — Foreign government bonds *1 — 161,495 — 161,495 3,984 157,511 — — Foreign corporate bonds *2 — 338,163 22,704 360,867 90,801 270,066 — — Securitized products *3 — 25,029 165,083 190,112 — 190,112 — — Other — 4,688 — 4,688 — 4,688 — — Equity securities 1,037,100 135,794 — 1,172,894 951,390 221,504 — — Other investments *4 5,489 1,507 6,918 13,914 — 13,914 — — Derivative assets *5 444 10,042 — 10,486 — — 9,431 1,055 Total assets 1,065,138 2,819,204 194,705 4,079,047 1,318,251 2,750,310 9,431 1,055 Liabilities: Derivative liabilities *5 136 32,686 — 32,822 — — 19,852 12,970 Total liabilities 136 32,686 — 32,822 — — 19,852 12,970 *1 2,875 million yen and 4,910 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 for the fiscal years ended March 31, 2018 and 2019, respectively, and are included in the consolidated balance sheets as securities investments and other. *2 160,470 million yen and 173,964 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 for the fiscal years ended March 31, 2018 and 2019, respectively. In the consolidated balance sheets, 25,955 million yen and 33,391 million yen are included as marketable securities and 134,515 million yen and 140,573 million yen are included as securities investment and other for the fiscal years ended March 31, 2018 and 2019, respectively. *3 93,971 million yen and 185,195 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 and level 3 for the fiscal years ended March 31, 2018 and 2019, respectively, and are included in the consolidated balance sheets as securities investments and other. *4 Other investments include certain hybrid financial instruments and certain private equity investments. *5 Derivative assets and liabilities are recognized and disclosed on a gross basis. *6 Net gains of 544 million yen and 85 million yen arising from financial instruments for which the fair value option has been elected are included in financial services revenue in the consolidated statements of income for the fiscal years ended March 31, 2018 and 2019, respectively. Transfers into level 1 were 3,522 million yen and 1,769 million yen for the fiscal years ended March 31, 2018 and 2019, respectively, as quoted prices for certain trading debt securities and equity securities became available in an active market. Transfers out of level 1 were 3,086 million yen and 2,508 million yen for the fiscal years ended March 31, 2018 and 2019, respectively, as quoted prices for certain trading debt securities were not available in an active market. The changes in fair value of level 3 assets and liabilities for the fiscal years ended March 31, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31, 2018 Assets Available-for-sale Debt securities Japanese Foreign Securitized Other investments Beginning balance 1,310 41,177 15,192 10,483 Total realized and unrealized gains (losses): Included in earnings *1 — (307 ) (3,032 ) (65 ) Included in other comprehensive income (loss) *2 — (84 ) 1 (489 ) Purchases — 12,604 74,736 139 Sales — — — (10 ) Settlements — (18,540 ) (3,283 ) (954 ) Transfers into level 3 *3 — — — — Transfers out of level 3 *4 (1,310 ) (6,972 ) — — Ending balance — 27,878 83,614 9,104 Changes in unrealized gains (losses) relating to instruments still held at reporting date: Included in earnings *1 — (468 ) (2,278 ) (65 ) Yen in millions Fiscal year ended March 31, 2019 Assets Available-for-sale Debt securities Japanese Foreign Securitized Other investments Beginning balance — 27,878 83,614 9,104 Total realized and unrealized gains (losses): Included in earnings *1 — 465 562 276 Included in other comprehensive income (loss) *2 — 131 1 — Purchases — 5,787 94,696 4 Sales — — — (6 ) Settlements — (10,435 ) (13,601 ) (2,460 ) Transfers into level 3 *3 — 20,863 5,284 — Transfers out of level 3 *4 — (21,985 ) (5,473 ) — Ending balance — 22,704 165,083 6,918 Changes in unrealized gains (losses) relating to instruments still held at reporting date: Included in earnings *1 — 219 510 441 *1 Earning effects are included in financial services revenue in the consolidated statements of income. *2 Unrealized gains (losses) are included in unrealized gains (losses) on securities in the consolidated statements of comprehensive income. *3 Certain corporate bonds and certain securitized products were transferred into level 3 because differences between the fair value determined by indicative quotes from dealers and the fair value determined by internally developed prices became significant and the observability of the inputs used decreased. *4 Certain corporate bonds and certain securitized products were transferred out of level 3 because observable market data became available. Level 3 assets include certain securitized products, certain private equity investments, and certain domestic and foreign corporate bonds for which quoted prices are not available in a market and where there is less transparency around inputs. In determining the fair value of such assets, Sony uses third-party information such as indicative quotes from dealers without adjustment. For validating the fair values, Sony primarily uses internal models which include management judgment or estimation of assumptions that market participants would use in pricing the asset. (2) Assets and liabilities that are measured at fair value on a nonrecurring basis Sony also has assets and liabilities that are required to be remeasured to fair value on a nonrecurring basis when certain circumstances occur. During the fiscal years ended March 31, 2018 and 2019, such remeasurements to fair value related primarily to the following: During the fiscal year ended March 31, 2018 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 19,375 (53,741 ) (53,741 ) During the fiscal year ended March 31, 2019 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 4,389 (44,135 ) Goodwill impairment — — 0 (5,107 ) (49,242 ) Long-lived assets impairments Sony recorded impairment losses of 23,860 million yen for the fiscal year ended March 31, 2017, included within the Semiconductors segment, related to long-lived assets in the camera module business asset group. Due to a decrease in the projected future demand of camera modules, Sony conducted a strategic review of the business and its market conditions. Following this review, Sony reduced the corresponding estimated future cash flows and the estimated ability to recover the entire carrying amount of the long-lived assets within the period applicable to the impairment determination, resulting in an impairment charge. Sony decided to halt all development and production of high-functionality camera modules for external sales during the fiscal year ended March 31, 2017. Sony recorded an impairment loss of 31,341 million yen and 19,172 million yen for the fiscal years ended March 31, 2018 and 2019, respectively, included within the MC segment, related to long-lived assets in the smartphone business asset group. Due to smartphone sales results and changes in the business environment since January 2018 as well as the expectation of continued difficulty in the business environment thereafter, Sony conducted strategic reviews of its future profitability forecast for the smartphone business. Following these reviews, Sony reduced the corresponding estimated future cash flows of this business and the estimated ability to recover the carrying amount of the long-lived assets within the period applicable to the impairment determination, resulting in the impairment charges. Sony recorded an impairment loss of 12,858 million yen for the fiscal year ended March 31, 2019, included within All Other, related to long-lived assets and goodwill in the storage media business asset group. As a result of conducting a strategic review of the business and evolving market trends, Sony reduced the corresponding estimated future cash flows of this business and the estimated ability to recover the entire carrying amount of the long-lived assets and goodwill within the period applicable to the impairment determination, resulting in an impairment charge for the fiscal year ended March 31, 2019. These measurements are classified as level 3 because significant unobservable inputs, such as the condition of the assets or projections of future cash flows, the timing of such cash flows and the discount rate reflecting the risk inherent in future cash flows, were considered in the fair value measurements. For the fiscal year ended March 31, 2017, a discount rate of 10% and projected declining revenue rates ranging from (1)% to 8% were used in the fair value measurements related to the long-lived assets for the camera module business. For the fiscal year ended March 31, 2018, a discount rate of 8.5% and projected revenue growth rates ranging from (8)% to 6% were used in the fair value measurements related to the long-lived assets for the smartphone business. For the fiscal year ended March 31, 2019, a discount rate of 8.5% and projected revenue growth rates ranging from (26)% to 24% were used in the fair value measurements related to the long-lived assets for the smartphone business and a discount rate of 8.9% and projected revenue growth rates ranging from (34)% to 21% were used in the fair value measurements related to the long-lived assets and goodwill for the storage media business. Goodwill impairments Sony recorded an impairment loss of 112,069 million yen during the fiscal year ended March 31, 2017 against the goodwill of the Production & Distribution reporting unit in the Pictures segment. Refer to Note 9. Sony’s determination of the estimated fair value of the reporting unit was based on the present value of expected future cash flows including a terminal value which is based on an exit price using an earnings multiple applied to the final year of the forecasted earnings, and which also takes into consideration a control premium. These measurements are classified as level 3 because significant unobservable inputs, such as the projections of future cash flows, the timing of such cash flows, the earnings multiple, the growth rates beyond the forecast and mid-range mid-range Remeasurement of previously owned equity interests During the fiscal year ended March 31, 2019, Sony remeasured to fair value the previously owned equity interests in EMI in connection with EMI Music Publishing acquisition. The measurement is classified as level 3 because significant unobservable inputs, such as projections of future cash flows and market comparables of similar transactions and companies were considered in the fair value measurements. Refer to Note 25. (3) Financial instruments The estimated fair values by fair value hierarchy level of certain financial instruments that are not reported at fair value are summarized as follows: Yen in millions March 31, 2018 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,686,842 — 1,686,842 1,522,415 Total assets — 1,686,842 — 1,686,842 1,522,415 Liabilities: Long-term debt including the current portion — 877,576 — 877,576 848,973 Investment contracts included in policyholders’ account in the life insurance business — 766,558 — 766,558 738,404 Total liabilities — 1,644,134 — 1,644,134 1,587,377 Yen in millions March 31, 2019 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,861,384 — 1,861,384 1,685,504 Total assets — 1,861,384 — 1,861,384 1,685,504 Liabilities: Long-term debt including the current portion — 737,529 — 737,529 740,833 Investment contracts included in policyholders’ account in the life insurance business — 877,157 — 877,157 816,903 Total liabilities — 1,614,686 — 1,614,686 1,557,736 The summary excludes cash and cash equivalents, call loans, time deposits, notes and accounts receivable, trade and contract assets, call money, short-term borrowings, notes and accounts payable, trade and deposits from customers in the banking business because the carrying values of these financial instruments approximated their fair values due to their short-term nature. The summary also excludes held-to-maturity Cash and cash equivalents, call loans and call money are classified in level 1. Time deposits, short-term borrowings, deposits from customers in the banking business are classified in level 2. Held-to-maturity |
Derivative instruments and hedg
Derivative instruments and hedging activities | 12 Months Ended |
Mar. 31, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative instruments and hedging activities | 14. Derivative instruments and hedging activities Sony has certain financial instruments including financial assets and liabilities acquired in the normal course of business. Such financial instruments are exposed to market risk arising from the changes in foreign currency exchange rates and interest rates. In applying a consistent risk management strategy for the purpose of reducing such risk, Sony uses derivative financial instruments, which include foreign exchange forward contracts, foreign currency option contracts, and interest rate swap agreements (including interest rate and currency swap agreements). Certain other derivative financial instruments are entered into in the Financial Services segment for asset-liability management (“ALM”) purposes. These instruments are executed with creditworthy financial institutions, and virtually all foreign currency contracts are denominated in U.S. dollars, euros and other currencies of major countries. These derivatives generally mature or expire within six months after the balance sheet date. Other than derivatives utilized in the Financial Services segment for ALM, Sony does not use derivative financial instruments for trading or speculative purposes. These derivative transactions utilized for ALM in the Financial Services segment are executed within certain limits in accordance with an internal risk management policy. Derivative financial instruments held by Sony are classified and accounted for as described below. Fair value hedges Both the derivatives designated as fair value hedges and the hedged items are reflected at fair value in the consolidated balance sheets. Changes in the fair value of the derivatives designated as fair value hedges, as well as offsetting changes in the carrying value of the underlying hedged items, are recognized in income. For the fiscal years ended March 31, 2017, 2018 and 2019, these fair value hedges were fully effective. In addition, there were no amounts excluded from the assessment of hedge effectiveness of fair value hedges. Cash flow hedges Changes in the fair value of derivatives designated as cash flow hedges are initially recorded in other comprehensive income (“OCI”) and reclassified into earnings when the hedged transaction affects earnings. For the fiscal years ended March 31, 2017, 2018 and 2019, these cash flow hedges were fully effective. In addition, there were no amounts excluded from the assessment of hedge effectiveness for cash flow hedges. Derivatives not designated as hedges Changes in the fair value of derivatives not designated as hedges are recognized in income. A description of the purpose and classification of the derivative financial instruments held by Sony is as follows: Foreign exchange forward contracts and foreign currency option contracts Foreign exchange forward contracts and purchased and written foreign currency option contracts are utilized primarily to limit the exposure affected by changes in foreign currency exchange rates on cash flows generated or anticipated by Sony’s transactions and accounts receivable and payable denominated in foreign currencies. The majority of written foreign currency option contracts are a part of range forward contract arrangements and expire in the same month with the corresponding purchased foreign currency option contracts. Sony also entered into foreign exchange forward contracts and range forward contracts which effectively fixed the cash flows from certain forecasted purchase and sale transactions denominated in foreign currencies. Accordingly, these derivatives have been designated as cash flow hedges. Foreign exchange forward contracts and foreign currency option contracts that do not qualify as hedges are marked-to-market Foreign exchange forward contracts, foreign currency option contracts and currency swap agreements held by certain subsidiaries in the Financial Services segment are marked-to-market Interest rate swap agreements (including interest rate and currency swap agreements) Interest rate swap agreements are utilized primarily to lower funding costs, to diversify sources of funding and to limit Sony’s exposure associated with underlying debt instruments and available-for-sale Interest rate swap agreements entered into in the Financial Services segment are used for reducing the risk arising from the changes in the fair value of fixed rate available-for-sale available-for-sale Certain subsidiaries in the Financial Services segment have interest rate swap agreements as part of their ALM, which are marked-to-market Any other interest rate swap agreements that do not qualify as hedges, which are used for reducing the risk arising from changes of variable rate debt, are marked-to-market Other agreements Certain subsidiaries in the Financial Services segment have equity future contracts, equity swap agreements, interest rate swaption agreements, other currency contracts and hybrid financial instruments as part of their ALM, which are marked-to-market The estimated fair values of Sony’s outstanding derivative instruments are summarized as follows: Derivatives designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2018 2019 Liability derivatives 2018 2019 Interest rate contracts Prepaid expenses and other current assets 12 10 Current liabilities: Other 160 141 Interest rate contracts Other assets: Other 286 101 Liabilities: Other 10,281 8,274 Foreign exchange contracts Prepaid expenses and other current assets 48 131 Current liabilities: Other 1,535 42 346 242 11,976 8,457 Derivatives not designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2018 2019 Liability derivatives 2018 2019 Interest rate contracts Prepaid expenses and other current assets 12 39 Current liabilities: Other 299 344 Interest rate contracts Other assets: Other 1,871 882 Liabilities: Other 3,612 3,637 Foreign exchange contracts Prepaid expenses and other current assets 34,737 8,807 Current liabilities: Other 17,149 11,549 Foreign exchange contracts Other assets: Other 366 72 Liabilities: Other 1,281 1,059 Equity contracts Prepaid expenses and other current assets 2,194 444 Current liabilities: Other 1,407 7,776 39,180 10,244 23,748 24,365 Total derivatives 39,526 10,486 35,724 32,822 Presented below are the effects of derivative instruments on the consolidated statements of income and the consolidated statements of comprehensive income for the fiscal years ended March 31, 2017, 2018 and 2019. Derivatives under fair value Yen in millions Location of gains or (losses) recognized Amounts of gains or (losses) recognized Fiscal year ended March 31 2017 2018 2019 Interest rate contracts Financial services revenue 1,967 (52 ) (1,835 ) Foreign exchange contracts Foreign exchange loss, net (31 ) — — Total 1,936 (52 ) (1,835 ) Yen in millions Derivatives under cash flow hedging relationships Affected line item in consolidated Fiscal year ended March 31 2017 2018 2019 Amounts recognized in unrealized Foreign exchange contracts — 6,715 (2,295 ) 2,315 Total 6,715 (2,295 ) 2,315 Amounts reclassified from Foreign exchange contracts Cost of sales (5,583 ) 1,111 (1,093 ) Total (5,583 ) 1,111 (1,093 ) Derivatives not designated as Yen in millions Location of gains or (losses) recognized in Amounts of gains or (losses) Fiscal year ended March 31 2017 2018 2019 Interest rate contracts Financial services revenue (935 ) (1,544 ) (3,192 ) Foreign exchange contracts Financial services revenue (5,365 ) 2,013 (8,198 ) Foreign exchange contracts Foreign exchange loss, net 12,339 21,370 (7,437 ) Equity contracts Financial services revenue (18,597 ) (11,665 ) (7,649 ) Total (12,558 ) 10,174 (26,476 ) The following table summarizes additional information, including notional amounts, for each type of derivative: Yen in millions March 31, 2018 March 31, 2019 Notional Fair Notional Fair Foreign exchange contracts: Foreign exchange forward contracts 1,105,393 7,071 701,880 (304 ) Currency option contracts purchased 206 1 53,846 179 Currency option contracts written 156 (1 ) 58,825 (35 ) Currency swap agreements 1,230,254 4,613 959,777 (5,564 ) Other currency contracts 84,623 3,502 68,513 2,084 Interest rate contracts: Interest rate swap agreements 398,291 (12,171 ) 339,934 (11,346 ) Interest rate swaption agreements — — 5,300 (18 ) Equity contracts: Equity future contracts 106,876 787 58,725 308 Equity swap agreements — — 63,107 (7,640 ) All derivatives are recognized as either assets or liabilities in the consolidated balance sheets on a gross basis, but certain subsidiaries have entered into master netting agreements or other similar agreements, which are mainly International Swaps and Derivatives Association (ISDA) Master Agreements. An ISDA Master Agreement is an agreement between two counterparties that may have multiple derivative contracts with each other, and such ISDA Master Agreement may provide for the net settlement of all or a specified group of these derivative contracts, through a single payment, in a single currency, in the event of a default on or affecting any one derivative contract, or a termination event affecting all or a specified group of derivative contracts. Presented below are the effects of offsetting derivative assets, derivative liabilities, financial assets and financial liabilities as of March 31, 2018 and 2019. Yen in millions As of March 31, 2018 Gross amounts Gross amounts not offset in the subject to master netting agreements Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 15,404 7,724 449 7,231 Derivative assets not subject to master netting agreements 24,122 24,122 Total assets 39,526 7,724 449 31,353 Derivative liabilities subject to master netting agreements 34,455 8,326 14,334 11,795 Derivative liabilities not subject to master netting agreements 1,269 1,269 Repurchase, securities lending and similar arrangements 335,586 334,246 — 1,340 Total liabilities 371,310 342,572 14,334 14,404 Yen in millions As of March 31, 2019 Gross amounts Gross amounts not offset in the consolidated balance sheet that are subject to master netting agreements Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 6,855 3,442 136 3,277 Derivative assets not subject to master netting agreements 3,631 3,631 Total assets 10,486 3,442 136 6,908 Derivative liabilities subject to master netting agreements 25,872 3,970 20,191 1,711 Derivative liabilities not subject to master netting agreements 6,950 6,950 Repurchase, securities lending and similar arrangements 432,820 432,820 — — Total liabilities 465,642 436,790 20,191 8,661 |
Pension and severance plans
Pension and severance plans | 12 Months Ended |
Mar. 31, 2019 | |
Retirement Benefits [Abstract] | |
Pension and severance plans | 15. Pension and severance plans (1) Defined benefit and severance plans Upon terminating employment, employees of Sony Corporation and its subsidiaries in Japan are entitled, under most circumstances, to lump-sum Under the plans, in general, the defined benefits cover 65% of the indemnities under existing regulations to employees. The remaining indemnities are covered by severance payments by the companies. The pension benefits are payable at the option of the retiring employee either in a lump-sum From April 1, 2012, Sony Corporation and substantially all of its subsidiaries in Japan have modified existing defined benefit pension plans such that life annuities will no longer accrue additional service benefits, with those participants instead accruing fixed-term annuities. The defined benefit pension plans were closed to new participants and a defined contribution plan was also introduced. In addition, several of Sony’s foreign subsidiaries have defined benefit pension plans or severance indemnity plans, which cover substantially all of their employees. Under such plans, the related cost of benefits is currently funded or accrued. Benefits awarded under these plans are based primarily on the current rate of pay and length of service. The components of net periodic benefit costs for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Japanese plans: Yen in millions Fiscal year ended March 31 2017 2018 2019 Service cost 26,811 25,185 23,128 Interest cost 5,912 8,024 7,020 Expected return on plan assets (17,829 ) (16,440 ) (16,695 ) Recognized actuarial loss 20,436 16,099 15,365 Amortization of prior service costs (9,490 ) (8,693 ) (7,864 ) Net periodic benefit costs 25,840 24,175 20,954 Foreign plans: Yen in millions Fiscal year ended March 31 2017 2018 2019 Service cost 2,958 3,181 2,780 Interest cost 10,426 10,393 10,083 Expected return on plan assets (11,000 ) (11,687 ) (11,797 ) Amortization of net transition asset 9 5 — Recognized actuarial loss 2,552 3,014 2,656 Amortization of prior service costs (463 ) (574 ) (269 ) Losses on curtailments and settlements 43 1,058 1,804 Net periodic benefit costs 4,525 5,390 5,257 The components of net periodic benefit costs other than service cost for the fiscal year ended March 31, 2019 are included within other income in the consolidated statements of income. The estimated net actuarial loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit costs over the next fiscal year are 17,759 million yen and 7,153 million yen, respectively. The changes in the benefit obligation and plan assets as well as the funded status and composition of amounts recognized in the consolidated balance sheets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Change in benefit obligation: Benefit obligation at beginning of the fiscal year 1,004,676 1,010,574 352,442 356,397 Service cost 25,185 23,128 3,181 2,780 Interest cost 8,024 7,020 10,393 10,083 Plan participants’ contributions — — 573 462 Actuarial loss 21,920 29,295 663 1,700 Foreign currency exchange rate changes — — 8,858 (1,554 ) Curtailments and settlements — — (5,422 ) (6,120 ) Effect of changes in consolidated subsidiaries — — — 1,947 Other (8 ) 6 — — Benefits paid (49,223 ) (35,069 ) (14,291 ) (13,777 ) Benefit obligation at end of the fiscal year 1,010,574 1,034,954 356,397 351,918 Change in plan assets: Fair value of plan assets at beginning of the fiscal year 699,008 711,077 259,177 269,745 Actual return on plan assets 38,896 18,701 13,426 15,243 Foreign currency exchange rate changes — — 6,181 (838 ) Employer contribution 6,090 36,875 9,040 8,542 Plan participants’ contributions — — 573 462 Curtailments and settlements — — (5,285 ) (5,960 ) Benefits paid (32,917 ) (24,449 ) (13,367 ) (12,445 ) Fair value of plan assets at end of the fiscal year 711,077 742,204 269,745 274,749 Funded status at end of the fiscal year (299,497 ) (292,750 ) (86,652 ) (77,169 ) Amounts recognized in the consolidated balance sheets consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Noncurrent assets 3,426 3,476 8,396 14,745 Current liabilities — — (4,121 ) (4,412 ) Noncurrent liabilities (302,923 ) (296,226 ) (90,927 ) (87,502 ) Ending balance (299,497 ) (292,750 ) (86,652 ) (77,169 ) Amounts recognized in accumulated other comprehensive income, excluding tax effects, consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Prior service cost (credit) (16,723 ) (8,859 ) (488 ) (45 ) Net actuarial loss 299,852 311,128 73,404 71,906 Ending balance 283,129 302,269 72,916 71,861 The accumulated benefit obligations for all defined benefit pension plans were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Accumulated benefit obligations 1,005,557 1,029,910 340,353 336,185 The projected benefit obligations, the accumulated benefit obligations and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Projected benefit obligations 998,629 1,022,235 301,046 200,596 Accumulated benefit obligations 993,612 1,017,191 293,834 196,928 Fair value of plan assets 695,706 726,009 215,510 123,937 Weighted-average assumptions used to determine benefit obligations as of March 31, 2018 and 2019 were as follows: Japanese plans Foreign plans March 31 March 31 2018 2019 2018 2019 Discount rate 0.8 % 0.6 % 2.9 % 2.8 % Rate of compensation increase * * 2.6 2.3 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. Weighted-average assumptions used to determine the net periodic benefit costs for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Japanese plans Foreign plans Fiscal year ended March 31 Fiscal year ended March 31 2017 2018 2019 2017 2018 2019 Discount rate 0.6 % 0.9 % 0.8 % 3.2 % 3.1 % 2.9 % Expected return on plan assets 2.7 2.4 2.6 4.8 4.6 4.4 Rate of compensation increase * * * 2.8 2.4 2.6 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. Sony reviews these assumptions for changes in circumstances. The weighted-average rate of compensation increase is calculated based only on the pay-related The mortality rate assumptions are based on life expectancy and death rates for different types of participants. To determine the expected long-term rate of return on pension plan assets, Sony considers the current and expected asset allocations, as well as the historical and expected long-term rates of returns on various categories of plan assets. Sony’s pension investment policy recognizes the expected growth and the variability risk associated with the long-term nature of pension liabilities, the returns and risks of diversification across asset classes, and the correlation among assets. The asset allocations are designed to maximize returns consistent with levels of liquidity and investment risk that are considered prudent and reasonable. While the pension investment policy gives appropriate consideration to recent market performance and historical returns, the investment assumptions utilized by Sony are designed to achieve a long-term return consistent with the long-term nature of the corresponding pension liabilities. The investment objectives of Sony’s plan assets are designed to generate returns that will enable the plans to meet their future obligations. The precise amount for which these obligations will be settled depends on future events, including the retirement dates and life expectancy of the plans’ participants. The obligations are estimated using actuarial assumptions, based on the current economic environment and other pertinent factors. Sony’s investment strategy balances the requirement to generate returns, using potentially higher yielding assets such as equity securities, with the need to control risk in the portfolio with less volatile assets, such as fixed-income securities. Risks include, among others, inflation, volatility in equity values and changes in interest rates that could negatively impact the funding level of the plans, thereby increasing its dependence on contributions from Sony. To mitigate any potential concentration risk, thorough consideration is given to balancing the portfolio among industry sectors and geographies, taking into account interest rate sensitivity, dependence on economic growth, currency and other factors that affect investment returns. The target allocations as of March 31, 2019, are, as a result of Sony’s asset liability management, 30% of equity securities, 51% of fixed income securities and 19% of other investments for the pension plans of Sony Corporation and most of its subsidiaries in Japan, and, on a weighted average basis, 22% of equity securities, 53% of fixed income securities and 25% of other investments for the pension plans of foreign subsidiaries. The fair values of the assets held by Japanese and foreign plans, which are classified in accordance with the fair value hierarchy described in Note 2, are as follows: Japanese plans Yen in millions Fair value at March 31, 2018 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 9,446 9,446 — — Equity: Equity securities *1 138,443 134,091 4,352 — Fixed income: Government bonds *2 225,879 — 225,879 — Corporate bonds *3 79,323 — 79,323 — Asset-backed securities *4 121 — 121 — Commingled funds *5 122,950 — 122,950 — Commodity funds *6 21,136 — 21,136 — Private equity *7 24,144 — — 24,144 Hedge funds *8 70,204 — — 70,204 Real estate and other *9 19,431 — — 19,431 Total 711,077 143,537 453,761 113,779 Japanese plans Yen in millions Fair value at March 31, 2019 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 10,689 10,689 — — Equity: — Equity securities *1 140,559 135,713 4,846 — Fixed income: — Government bonds *2 210,817 — 210,817 — Corporate bonds *3 97,519 — 97,519 — Asset-backed securities *4 1,537 — 1,537 — Commingled funds *5 138,455 — 138,455 — Commodity funds *6 21,674 — 21,674 — Private equity *7 27,956 — — 27,956 Hedge funds *8 71,606 — — 71,606 Real estate and other *9 21,392 — — 21,392 Total 742,204 146,402 474,848 120,954 *1 Includes approximately 52 percent and 51 percent of Japanese equity securities, and 48 percent and 49 percent of foreign equity securities for the fiscal years ended March 31, 2018 and 2019, respectively. *2 Includes approximately 49 percent and 48 percent of debt securities issued by Japanese national and local governments, and 51 percent and 52 percent of debt securities issued by foreign national and local governments for the fiscal years ended March 31, 2018 and 2019, respectively. *3 Includes debt securities issued by Japanese and foreign corporation and government related agencies. *4 Includes primarily mortgage-backed securities. *5 Commingled funds represent pooled institutional investments, including primarily investment trusts. They include approximately 51 percent and 50 percent of investments in equity, 48 percent and 49 percent of investments in fixed income, and 1 percent and 1 percent of investments in other for the fiscal years ended March 31, 2018 and 2019, respectively. *6 Represents commodity futures funds. *7 Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the United States and Europe. *8 Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. *9 Includes primarily private real estate investment trusts. Foreign plans Yen in millions Fair value at March 31, 2018 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 2,377 2,377 — — Equity: Equity securities *1 30,916 29,814 1,102 — Fixed income: Government bonds *2 78,129 — 78,129 — Corporate bonds *3 26,424 — 21,121 5,303 Asset-backed securities 960 — 960 — Insurance contracts *4 18,670 — 5,941 12,729 Commingled funds *5 75,785 — 75,785 — Real estate and other *6 36,484 — 10,508 25,976 Total 269,745 32,191 193,546 44,008 Foreign plans Yen in millions Fair value at March 31, 2019 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 4,340 4,340 — — Equity: Equity securities *1 23,766 23,113 653 — Fixed income: Government bonds *2 84,761 — 84,761 — Corporate bonds *3 32,749 — 32,749 — Asset-backed securities 1,115 — 1,115 — Insurance contracts *4 18,308 — 5,814 12,494 Commingled funds *5 76,503 — 76,503 — Real estate and other *6 33,207 — 11,118 22,089 Total 274,749 27,453 212,713 34,583 *1 Includes primarily foreign equity securities. *2 Includes primarily foreign government debt securities. *3 Includes primarily foreign corporate debt securities. *4 Represents annuity contracts with or without profit sharing. *5 Commingled funds represent pooled institutional investments including mutual funds, common trust funds, and collective investment funds. They are primarily comprised of foreign equities and fixed income investments. *6 Includes primarily private real estate investment trusts. Each level in the fair value hierarchy in which each plan asset is classified is determined based on inputs used to measure the fair values of the asset, and does not necessarily indicate the risks or rating of the asset. The following is a description of the valuation techniques used to measure Japanese and foreign plan assets at fair value. The valuation techniques are applied consistently from period to period. Equity securities are valued at the closing price reported in the active market in which the individual securities are traded. These assets are generally classified as level 1. The fair value of fixed income securities is typically estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows and are generally classified as level 2. Commingled funds are typically valued using the net asset value provided by the administrator of the fund and reviewed by Sony. The net asset value is based on the value of the underlying assets owned by the fund, minus liabilities and divided by the number of shares or units outstanding. These assets are classified as level 1, level 2 or level 3 depending on availability of quoted market prices. Commodity funds are valued using inputs that are derived principally from or corroborated by observable market data. These assets are generally classified as level 2. Private equity and private real estate investment trust valuations require significant judgment due to the absence of quoted market prices, the inherent lack of liquidity and the long-term nature of such assets. These assets are initially valued at cost and are reviewed periodically utilizing available and relevant market data to determine if the carrying value of these assets should be adjusted. These investments are classified as level 3. Hedge funds are valued using the net asset value as determined by the administrator or custodian of the fund. These investments are classified as level 3. The following table sets forth a summary of changes in the fair values of Japanese and foreign plans’ level 3 assets for the fiscal years ended March 31, 2018 and 2019: Japanese plans Yen in millions Fair value measurement using significant unobservable inputs Private equity Hedge funds Real estate and other Total Beginning balance at April 1, 2017 21,790 67,235 17,925 106,950 Return on assets held at end of year 1,483 636 425 2,544 Purchases, sales, and settlements, net 871 2,333 1,081 4,285 Ending balance at March 31, 2018 24,144 70,204 19,431 113,779 Return on assets held at end of year 4,428 659 1,622 6,709 Purchases, sales, and settlements, net (616 ) 743 339 466 Ending balance at March 31, 2019 27,956 71,606 21,392 120,954 Foreign plans Yen in millions Fair value measurement using significant unobservable inputs Insurance Corporate bonds Real estate and other Total Beginning balance at April 1, 2017 — 6,926 22,929 29,855 Return on assets held at end of year — — 1,101 1,101 Purchases, sales, and settlements, net 12,651 (1,256 ) 12 11,407 Transfers, net — — 1,181 1,181 Other * 78 (367 ) 753 464 Ending balance at March 31, 2018 12,729 5,303 25,976 44,008 Return on assets held at end of year 736 — 559 1,295 Purchases, sales, and settlements, net (389 ) — (3,809 ) (4,198 ) Transfers, net — (5,540 ) 123 (5,417 ) Other * (582 ) 237 (760 ) (1,105 ) Ending balance at March 31, 2019 12,494 — 22,089 34,583 * Primarily consists of translation adjustments. Sony makes contributions to its defined benefit pension plans as deemed appropriate by management after considering the fair value of plan assets, expected return on plan assets and the present value of benefit obligations. Sony expects to contribute approximately 10 billion yen to the Japanese plans and approximately 8 billion yen to the foreign plans during the fiscal year ending March 31, 2020. The expected future benefit payments are as follows: Japanese plans Foreign plans Fiscal year ending March 31 Yen in millions Yen in millions 2020 41,345 17,972 2021 40,700 17,892 2022 42,487 18,138 2023 43,740 18,896 2024 46,345 19,441 2025 — 2029 238,416 107,668 (2) Defined contribution plans Total defined contribution expenses for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Japanese plans 3,412 3,237 3,353 Foreign plans 10,458 11,379 11,602 |
Stockholders' equity
Stockholders' equity | 12 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Stockholders' equity | 16. Stockholders’ equity (1) Common stock Changes in the number of shares of common stock issued and outstanding during the fiscal years ended March 31, 2017, 2018 and 2019 have resulted from the following: Number of shares Balance at March 31, 2016 1,262,493,760 Exercise of stock acquisition rights 1,269,900 Balance at March 31, 2017 1,263,763,660 Issuance of new shares 218,000 Exercise of stock acquisition rights 2,565,700 Conversion of convertible bonds 4,789 Balance at March 31, 2018 1,266,552,149 Issuance of new shares 149,900 Exercise of stock acquisition rights 4,525,300 Conversion of convertible bonds 2,992 Balance at March 31, 2019 1,271,230,341 At March 31, 2019, 36,179,258 shares of common stock would be issued upon the conversion or exercise of all convertible bonds and stock acquisition rights outstanding. Conversions of convertible bonds into common stock are accounted for in accordance with the provisions of the Companies Act of Japan ( Kaishaho one-half paid-in Sony Corporation may purchase its own shares at any time by a resolution of the Board of Directors up to the retained earnings available for dividends to shareholders, in accordance with the Companies Act. No common stock had been acquired by a resolution of the Board of Directors during the fiscal years ended March 31, 2017 and 2018. Sony’s Board of Directors resolved and authorized the repurchase of shares of its own common stock pursuant to the Companies Act at the meeting of the Board of Directors held on February 8, 2019. During the year ended March 31, 2019, Sony repurchased 19,309,100 shares of its common stock for an amount of 100,000 million yen under the above resolution. (2) Retained earnings The amount of statutory retained earnings of Sony Corporation available for dividends to shareholders as of March 31, 2019 was 541,928 million yen. The appropriation of retained earnings for the fiscal year ended March 31, 2019, including cash dividends for the six-month Retained earnings include Sony’s equity in undistributed earnings of affiliated companies accounted for by the equity method in the amount of 37,859 million yen and 46,477 million yen at March 31, 2018 and 2019, respectively. (3) Other comprehensive income Changes in accumulated other comprehensive income, net of tax, by component for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2016 140,736 (1,198 ) (371,739 ) (421,117 ) (653,318 ) Other comprehensive income before reclassifications (27,007 ) 5,028 54,513 (17,988 ) 14,546 Amounts reclassified out of accumulated other comprehensive income (3,286 ) (3,888 ) 8,719 — 1,545 Net other comprehensive income (30,293 ) 1,140 63,232 (17,988 ) 16,091 Less: Other comprehensive income attributable to noncontrolling interests (16,192 ) — 229 (2,495 ) (18,458 ) Balance at March 31, 2017 126,635 (58 ) (308,736 ) (436,610 ) (618,769 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2017 126,635 (58 ) (308,736 ) (436,610 ) (618,769 ) Other comprehensive income before reclassifications 2,013 (2,295 ) 1,779 (4,480 ) (2,983 ) Amounts reclassified out of accumulated other comprehensive income * (943 ) 1,111 10,611 (1,855 ) 8,924 Net other comprehensive income 1,070 (1,184 ) 12,390 (6,335 ) 5,941 Less: Other comprehensive income attributable to noncontrolling interests 1,514 — 98 2,306 3,918 Balance at March 31, 2018 126,191 (1,242 ) (296,444 ) (445,251 ) (616,746 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2018 126,191 (1,242 ) (296,444 ) (445,251 ) (616,746 ) Cumulative effect of ASU2016-01 (15,526 ) — — — (15,526 ) Other comprehensive income before reclassifications 33,124 2,316 (23,448 ) 10,071 22,063 Amounts reclassified out of accumulated other comprehensive income * 161 (1,093 ) 9,488 (1,627 ) 6,929 Net other comprehensive income 33,285 1,223 (13,960 ) 8,444 28,992 Less: Other comprehensive income attributable to noncontrolling interests 8,915 — 53 (1,578 ) 7,390 Balance at March 31, 2019 135,035 (19 ) (310,457 ) (435,229 ) (610,670 ) * Foreign currency translation adjustments were transferred from accumulated other comprehensive income to net income as a result of a complete or substantially complete liquidation or sale of certain foreign subsidiaries and affiliates. Reclassifications out of accumulated other comprehensive income for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Comprehensive income components Amounts reclassified from Affected line items in consolidated statements of income 2017 2018 2019 Unrealized gains (losses) on securities (4,560 ) (646 ) 235 Financial services revenue (30 ) (561 ) — Gain on sale of securities investments, net Total before tax (4,590 ) (1,207 ) 235 Tax expense or (benefit) 1,304 264 (74 ) Net of tax (3,286 ) (943 ) 161 Unrealized gains (losses) on derivative instruments (5,583 ) 1,111 (1,093 ) Cost of sales Total before tax (5,583 ) 1,111 (1,093 ) Tax expense or (benefit) 1,695 — — Net of tax (3,888 ) 1,111 (1,093 ) Pension liability adjustment 13,044 11,034 9,891 * Tax expense or (benefit) (4,325 ) (423 ) (403 ) Net of tax 8,719 10,611 9,488 Foreign currency translation adjustments — (1,855 ) (1,627 ) Foreign exchange loss, net and other operating (income) expense, net Tax expense or (benefit) — — — Net of tax — (1,855 ) (1,627 ) Total amounts reclassified out of accumulated other comprehensive income, net of tax 1,545 8,924 6,929 * The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. (4) Equity transactions with noncontrolling interests Net income attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Net income attributable to Sony Corporation’s stockholders 73,289 490,794 916,271 Transfers (to) from the noncontrolling interests: Decrease in additional paid-in (53,927 ) (74 ) (22,775 ) Change from net income attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests 19,362 490,720 893,496 During the fiscal year ended March 31, 2017, Sony obtained full ownership of its U.S.-based music publishing subsidiary by acquiring the 50% interest in the subsidiary held by the Estate of Michael Jackson (the “Estate”). The aggregate cash consideration paid to the Estate was 750 million U.S. dollars. The difference between the cash consideration paid and the decrease in the carrying amount of the noncontrolling interests was recognized as a decrease to additional paid-in During the fiscal year ended March 31, 2019, Sony acquired from the Estate the 25.1% interest in Nile Acquisition LLC (“Nile”) held by the Estate. A total of 287.5 million U.S. dollars was paid to the Estate for the acquisition. The difference between the cash consideration paid and the carrying amount of the noncontrolling interests was recognized as a decrease to additional paid-in |
Stock-based compensation plans
Stock-based compensation plans | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-based compensation plans | 17. Stock-based compensation plans The stock-based compensation expense for the fiscal years ended March 31, 2017, 2018 and 2019 was 2,737 million yen, 5,249 million yen and 5,499 million yen, respectively. The total cash received from exercises under all of the stock-based compensation plans during the fiscal years ended March 31, 2017, 2018 and 2019 was 2,730 million yen, 7,129 million yen and 12,757 million yen, respectively. Sony issued new shares upon exercise of these rights. Sony has a stock-based compensation incentive plan for selected directors, corporate executive officers and employees in the form of a stock acquisition rights plan. The stock acquisition rights generally have three year graded vesting schedules and are exercisable up to ten years from the date of grant. The weighted-average fair value per share at the date of grant of stock acquisition rights granted during the fiscal years ended March 31, 2017, 2018 and 2019 was 1,291 yen, 2,045 yen and 1,593 yen, respectively. The fair value of stock acquisition rights granted on the date of grant and used to recognize compensation expense for the fiscal years ended March 31, 2017, 2018 and 2019 was estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions: Fiscal year ended March 31 2017 2018 2019 Weighted-average assumptions Risk-free interest rate 1.10 % 1.14 % 1.37 % Expected lives 6.83 years 6.55 years 5.98 years Expected volatility * 40.00 % 38.49 % 32.52 % Expected dividends 0.66 % 0.40 % 0.35 % * Expected volatility was based on the historical volatilities of Sony Corporation’s common stock over the expected life of the stock acquisition rights. A summary of the activities regarding the stock acquisition rights plan during the fiscal year ended March 31, 2019 is as follows: Fiscal year ended March 31, 2019 Number of Weighted- Weighted- Total intrinsic value Yen Years Yen in millions Outstanding at beginning of the fiscal year 14,005,900 3,017 Granted 2,907,300 5,108 Exercised 4,525,300 2,819 Forfeited or expired 174,000 3,862 Outstanding at end of the fiscal year 12,213,900 3,665 7.46 11,133 Exercisable at end of the fiscal year 5,820,800 2,855 5.84 9,867 The total intrinsic value of shares exercised under the stock acquisition rights plan during the fiscal years ended March 31, 2017, 2018 and 2019 was 1,541 million yen, 6,970 million yen and 13,325 million yen, respectively. As of March 31, 2019, there was 5,159 million yen of total unrecognized compensation expense related to nonvested stock acquisition rights. This expense is expected to be recognized over a weighted-average period of 1.94 years. |
Kumamoto Earthquake
Kumamoto Earthquake | 12 Months Ended |
Mar. 31, 2019 | |
Unusual or Infrequent Items, or Both [Abstract] | |
Kumamoto Earthquake | 18. Kumamoto Earthquake In April 2016, a series of earthquakes occurred in the Kumamoto region of Japan. These earthquakes caused damage to certain fixed assets, including buildings, machinery and equipment, as well as inventories in manufacturing sites located in the Kumamoto region. For the fiscal year ended March 31, 2017, Sony incurred incremental losses and associated expenses including repair costs of fixed assets and a loss on disposal of inventories directly related to the damage caused by the earthquakes of 16,682 million yen. These losses and expenses were primarily recorded in cost of sales in the consolidated statements of income and were offset by insurance recoveries of 10,682 million yen, as described below. In addition, Sony incurred other expenses of 9,365 million yen, which included idle facility costs at manufacturing sites. These expenses were primarily recorded in cost of sales in the consolidated statements of income. Sony has insurance policies that cover certain damage directly caused by the earthquakes for Sony Corporation and certain of its subsidiaries, including damage at manufacturing sites. The insurance policies cover the damage and costs associated with fixed assets and inventories, as well as incremental expenses including removal and cleaning costs. These policies also provide business interruption coverage, including coverage for lost profits. For the fiscal year ended March 31, 2017, Sony recorded insurance receivables of 10,682 million yen, representing a portion of the insurance recoveries that were deemed probable of collection up to the extent of the amount of corresponding losses recognized in the same period. Of the insurance receivables recorded during the period, substantially all relate to damaged assets and inventories, and do not include amounts for business interruption or lost profits. Sony concluded that the recoveries from insurance claims are probable based on the coverage under valid policies, communications with the insurance carriers, Sony’s past claims history with the insurance carriers, and Sony’s assessment that the insurance carriers have the financial ability to pay the claims. In March 2017, 10,000 million yen was agreed to by the insurance carriers. These receivables are recorded within other receivables, whereas the remaining receivables of 682 million yen is recorded in other current assets in the consolidated balance sheets as of the fiscal year ended March 31, 2017. Sony has underwritten 2,000 million yen in reinsurance policies for the above insurance carriers related to the policy described above. The amount was recorded in other current liabilities in the consolidated balance sheets as of the fiscal year ended March 31, 2017 and was paid to the insurance carriers in the fiscal year ended March 31, 2018. In April 2017, the remaining insurance claims of 10,000 million yen that were mainly for business interruption coverage were agreed to by the carriers. As a result, the total amount of insurance recoveries paid to Sony in April 2017 was 20,000 million yen. 9,318 million yen, which was the difference between 20,000 million yen and 10,682 million yen as described above, was recorded in other operating revenue for the fiscal year ended March 31, 2018. The proceeds from insurance recoveries were presented as cash flows from operating activities in the consolidated statements of cash flows for the fiscal year ended March 31, 2018. |
Revenue
Revenue | 12 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Revenue | 19. Revenue (1) Contract balances Contract assets and contract liabilities are comprised of the following: Yen in millions April 1, 2018 March 31, 2019 Contract assets 15,241 19,147 Contract liabilities * 258,327 254,646 * Contract liabilities are included in the consolidated balance sheets as “Other”, both current and non-current. Contract liabilities principally relate to customer advances received prior to performance. Revenues of 201,628 million yen were recognized during the fiscal year ended March 31, 2019, which were included in the balance of contract liabilities at April 1, 2018. Revenues of 49,223 million yen were recognized during the fiscal year ended March 31, 2019 from performance obligations satisfied prior to March 31, 2018. (2) Performance obligations Remaining (unsatisfied or partially unsatisfied) performance obligations represent future revenues not yet recorded for firm orders that have not yet been performed. Sony applies practical expedients to exclude certain information about the remaining performance obligations, primarily related to contracts with an expected original duration of less than one year, and sales-based or usage-based royalty revenue on licenses of intellectual property. The following table shows the summary of the transaction prices allocated to remaining performance obligations that are unsatisfied at March 31, 2019, of which more than half are expected to be recognized within one year and substantially all within three years. Yen in millions March 31, 2019 Pictures — Motion Pictures and Television Productions * 1 476,197 Pictures — Media Networks 25,996 Music * 2 93,783 Others 45,597 *1 For Motion Pictures and Television Productions in the Pictures segment, Sony has included all contracts regardless of duration. *2 Amount included in the Music segment primarily consists of minimum royalty guarantees or fixed fees in contracts related to license revenue for ongoing access to an evolving library of content. These contracts also include sales-based or usage-based royalties that are excluded from the amount above, of which substantially all are recognized as revenue within three years. (3) Contract costs Contract costs are comprised as follows: Yen in millions April 1, 2018 March 31, 2019 Incremental costs of obtaining a contract 7,703 6,581 Sony applies practical expedients to recognize the incremental costs of obtaining a contract as an expense if the amortization period of the asset that otherwise would have been recognized is one year or less. The amortization of 7,666 million yen was recognized during the fiscal year ended March 31, 2019. The incremental costs of obtaining a contract are primarily recognized in the MC segment for the internet-related service business and amortized to expense over the contract period. (4) Disaggregation of revenue For the breakdown of sales and operating revenue by segments, product categories and geographies, refer to Note 29. |
Restructuring charges
Restructuring charges | 12 Months Ended |
Mar. 31, 2019 | |
Restructuring and Related Activities [Abstract] | |
Restructuring charges | 20. Restructuring charges As part of its effort to improve the performance of the various businesses, Sony has undertaken a number of restructuring initiatives. Sony defines restructuring initiatives as activities initiated by Sony, which are designed to generate a positive impact on future profitability. These activities include exiting a business or product category, implementing a headcount reduction program, realignment of its manufacturing sites to low-cost The changes in the accrued restructuring charges for the fiscal years ended March 31, 2017, 2018 and 2019 are as follows: Yen in millions Employee Non-cash * Other Total Balance at March 31, 2016 22,531 — 11,735 34,266 Restructuring costs 9,854 42,717 7,142 59,713 Non-cash — (42,717 ) — (42,717 ) Cash payments (19,759 ) — (8,871 ) (28,630 ) Adjustments (992 ) — (839 ) (1,831 ) Balance at March 31, 2017 11,634 — 9,167 20,801 Restructuring costs 18,999 2,233 1,147 22,379 Non-cash — (2,233 ) — (2,233 ) Cash payments (9,950 ) — (6,352 ) (16,302 ) Adjustments (1,197 ) — 226 (971 ) Balance at March 31, 2018 19,486 — 4,188 23,674 Restructuring costs 24,449 2,731 5,825 33,005 Non-cash — (2,731 ) — (2,731 ) Cash payments (19,150 ) — (2,555 ) (21,705 ) Adjustments 955 — (357 ) 598 Balance at March 31, 2019 25,740 — 7,101 32,841 * Significant asset impairments excluded from restructuring charges are described in Note 13. Total costs incurred in connection with these restructuring programs by segment for the fiscal years ended March 31, 2017, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31, 2017 Employee Other associated * Total net Depreciation Total Game & Network Services 225 6 231 — 231 Music 2,116 1,474 3,590 — 3,590 Pictures 2,467 — 2,467 — 2,467 Home Entertainment & Sound 68 684 752 — 752 Imaging Products & Solutions 563 77 640 — 640 Mobile Communications 516 172 688 138 826 Semiconductors 4 (13 ) (9 ) — (9 ) Financial Services — — — — — All Other and Corporate 3,895 47,459 51,354 364 51,718 Total 9,854 49,859 59,713 502 60,215 Yen in millions Fiscal year ended March 31, 2018 Employee Other associated * Total net Depreciation Total Game & Network Services — — — — — Music 6,358 272 6,630 — 6,630 Pictures 2,922 — 2,922 — 2,922 Home Entertainment & Sound 846 6 852 — 852 Imaging Products & Solutions 530 94 624 — 624 Mobile Communications 2,008 18 2,026 0 2,026 Semiconductors 28 — 28 — 28 Financial Services — — — — — All Other and Corporate 6,307 2,990 9,297 26 9,323 Total 18,999 3,380 22,379 26 22,405 Yen in millions Fiscal year ended March 31, 2019 Employee Other associated * Total net Depreciation Total Game & Network Services — — — — — Music 2,991 201 3,192 — 3,192 Pictures 4,795 — 4,795 — 4,795 Home Entertainment & Sound — — — — — Imaging Products & Solutions — — — — — Mobile Communications 11,437 4,574 16,011 86 16,097 Semiconductors — — — — — Financial Services — — — — — All Other and Corporate 5,226 3,781 9,007 — 9,007 Total 24,449 8,556 33,005 86 33,091 * Other associated costs includes non-cash Depreciation associated with restructured assets as used in the context of the disclosures regarding restructuring activities refers to the increase in depreciation expense caused by revising the useful life and the salvage value of depreciable fixed assets under an approved restructuring plan. Any impairment of the assets is recognized immediately in the period it is identified. Retirement programs Sony has undergone several headcount reduction programs to further reduce operating costs primarily in an effort to improve the performance of certain segments related to the Electronics business and reduce cost at the headquarters function. Through measures including the realignment of its manufacturing sites, a review of its development and design structure, and the streamlining of its sales and administrative functions, Sony has continued to implement a company-wide (including headquarters) rationalization. Sony intends to reallocate and optimize its workforce through programs including work reassignments and outplacements. The employee termination benefits costs in the above table are included in selling, general and administrative in the consolidated statements of income. Music In an effort to optimize the organization and improve the performance of the Music segment, Sony has implemented a number of restructuring initiatives targeting operating effectiveness and cost reduction. These activities resulted in restructuring charges primarily consisting of headcount reductions totaling 6,630 million yen and 3,192 million yen for the fiscal years ended March 31, 2018 and 2019, respectively. Pictures In an effort to optimize the organization and improve the performance of the Pictures segment, Sony has implemented a number of restructuring initiatives targeting operating effectiveness and cost reduction. These activities resulted in restructuring charges primarily consisting of headcount reductions totaling 4,795 million yen for the fiscal year ended March 31, 2019. MC In an effort to improve the performance of the smartphone business in the MC segment, Sony has implemented a number of restructuring initiatives targeting profitability improvement. These activities resulted in restructuring charges primarily consisting of the closure and consolidation of manufacturing sites as well as sales offices overseas totaling 16,011 million yen for the fiscal year ended March 31, 2019. All Other and Corporate As described in Note 26, Sony and Murata Manufacturing Co., Ltd. signed a binding definitive agreement on October 31, 2016 to transfer the Sony Group’s battery business to the Murata Group, which was completed on September 1, 2017. Sony classified certain assets and liabilities related to the battery business as held for sale and, as a result of the fair value valuation of these assets and liabilities, recorded impairment losses of 42,298 million yen in other operating (income) expense, net in the consolidated statements of income for the fiscal year ended March 31, 2017. |
Supplemental consolidated state
Supplemental consolidated statements of income information | 12 Months Ended |
Mar. 31, 2019 | |
Other Income and Expenses [Abstract] | |
Supplemental consolidated statements of income information | 21. Supplemental consolidated statements of income information (1) Other operating (income) expense, net Sony records transactions in other operating (income) expense, net due to either the nature of the transaction or in consideration of factors including the relationship to Sony’s core operations. Other operating (income) expense, net is comprised of the following: Yen in millions March 31 2017 2018 2019 Gain on sale of Sony City Osaki *1 (4,914 ) (4,914 ) — Gain on remeasurement of EMI shares *2 — — (116,939 ) Gain on sale and issuance of M3 shares *3 (37,167 ) (18 ) (61 ) (Gain) loss on purchase/sale of interests in subsidiaries and affiliates, net *4 (4,259 ) (29,595 ) (1,496 ) (Gain) loss on sale, disposal or impairment of assets, net *5 195,341 38,599 46,928 149,001 4,072 (71,568 ) *1 A portion of gain on sale and leaseback transactions is deferred and is amortized on a straight-line basis over the lease term. *2 Refer to Notes 5 and 25. *3 Refer to Note 5. *4 Refer to Notes 25 and 26. *5 Refer to Notes 9, 13, 20 and 26. (2) Research and development costs Research and development costs charged to cost of sales for the fiscal years ended March 31, 2017, 2018 and 2019 were 447,456 million yen, 458,518 million yen and 481,202 million yen, respectively. (3) Advertising costs Advertising costs included in selling, general and administrative expenses for the fiscal years ended March 31, 2017, 2018 and 2019 were 363,815 million yen, 407,106 million yen and 385,500 million yen, respectively. (4) Shipping and handling costs Shipping and handling costs for finished goods included in selling, general and administrative expenses for the fiscal years ended March 31, 2017, 2018 and 2019 were 42,195 million yen, 46,252 million yen and 51,757 million yen, respectively, which included the internal transportation costs of finished goods. |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Income taxes | 22. Income taxes Domestic and foreign components of income before income taxes and the provision for current and deferred income taxes attributable to such income are summarized as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Income before income taxes: Sony Corporation and all subsidiaries in Japan 166,158 436,494 310,020 Foreign subsidiaries 85,461 262,555 701,628 251,619 699,049 1,011,648 Income taxes — Current: Sony Corporation and all subsidiaries in Japan 49,739 69,697 82,081 Foreign subsidiaries 50,521 57,988 84,667 100,260 127,685 166,748 Income taxes — Deferred: Sony Corporation and all subsidiaries in Japan 11,478 29,640 17,907 Foreign subsidiaries 12,320 (5,555 ) (139,557 ) 23,798 24,085 (121,650 ) Total income tax expense 124,058 151,770 45,098 A reconciliation of the differences between the Japanese statutory tax rate and the effective tax rate is as follows: Fiscal year ended March 31 2017 2018 2019 Statutory tax rate 31.7 % 31.5 % 31.5 % Non-deductible 2.3 0.8 0.7 Income tax credits (2.9 ) (0.6 ) (1.6 ) Change in statutory tax rate and law 0.3 (1.2 ) (0.3 ) Change in valuation allowances (other than the reversal of Sony Americas Holding Inc. (“SAHI”) and its U.S. consolidated tax filing group below) 7.3 (5.2 ) 2.3 The reversal of valuation allowances of SAHI and its U.S. consolidated tax filing group — — (15.3 ) Change in deferred tax liabilities on undistributed earnings of foreign subsidiaries and corporate joint ventures (1.4 ) (0.8 ) (0.1 ) Lower tax rate applied to life and non-life (2.2 ) (0.8 ) (0.5 ) Foreign income tax differential (3.0 ) (2.6 ) (6.4 ) Adjustments to tax reserves (1.1 ) (0.8 ) (0.3 ) Effect of equity in net income of affiliated companies 0.0 0.0 0.0 The remeasurement gain for the equity interest in EMI — — (2.4 ) Impairment of goodwill in the Pictures segment 15.0 — — Other 3.3 1.4 (3.1 ) Effective income tax rate 49.3 % 21.7 % 4.5 % In March 2016, the Japanese legislature enacted tax law changes which included further lowering of the national corporate tax rate, limiting the annual use of net operating loss carryforwards to 55% of taxable income for the period ended March 31, 2018, and to 50% of taxable income for periods beginning on or after April 1, 2018. As a result, the statutory tax rate from the fiscal year ended March 31, 2017 onward will be approximately 31.5%. On December 22, 2017, the U.S. Tax Reform Act was signed into law, making significant changes to the U.S. tax rules. Changes include, but are not limited to, a corporate tax rate decrease from 35% to 21% effective for tax years beginning January 1, 2018 and the transition of U.S. international taxation from a worldwide tax system to a modified territorial system, with a one-time Sony is required to record the effects of a tax law change in the period of enactment; however, shortly after the enactment of the U.S. Tax Reform Act, the U.S. Securities and Exchange Commission staff issued SAB 118, which allows a company to record a provisional amount when it does not have the necessary information available, prepared, or analyzed in reasonable detail to complete its accounting for the change in the tax law. The measurement period ends when the company has obtained, prepared and analyzed the information necessary to finalize its accounting, but cannot extend beyond one year. Sony calculated its best estimate of the impact of the U.S. Tax Reform Act in the March 31, 2018 income tax provision in accordance with its understanding of the U.S. Tax Reform Act and guidance available at that time. Sony has completed its accounting for all enactment date effects and no material adjustment was recorded to the provisional amount in the fiscal year ended March 31, 2019. In addition to lowering the statutory corporate tax rate from 35% to 21%, the U.S. Tax Reform Act also eliminated certain deductions, included new restrictions on the deduction for interest, introduced a new tax regime called the Base Erosion Anti-Abuse Tax or “BEAT”, and changed how foreign earnings of the U.S. group are subject to tax. The U.S. Tax Reform Act also enhanced and extended the option to claim accelerated depreciation and amortization deductions by allowing full expensing of qualified property, including film costs, through 2022. The U.S. Tax Reform Act also provided for beneficial treatment of certain income derived by a U.S. entity from outside the United States (referred to as Foreign Derived Intangible Income or “FDII”). The BEAT creates a minimum tax on multinational corporations by requiring companies subject to the BEAT to pay the greater of their regular tax liability (less certain credits, including foreign tax credits) or 10% for taxable years beginning in 2019 (6.25% for Sony’s fiscal year ended March 31. 2019) of a modified tax base which adds back certain related party payments. The BEAT comparison to regular tax must be done each year if the taxpayer’s “base erosion” related party payments exceed 3% of total deductions on its U.S. tax return. Sony expects to exceed the 3% threshold for the fiscal year ended March 31, 2019 based on current estimates available as of March 31, 2019. This threshold calculation will be finalized at the time of the filing of the tax return. If Sony exceeds the 3% threshold and is subject to the BEAT rules, Sony expects that its BEAT tax liability will exceed its regular tax liability as a result of the use of foreign tax credits to reduce its regular tax liability. Sony is required to account for BEAT as a period cost and to record deferred taxes at the regular statutory rate. Accordingly, Sony has recorded its U.S. deferred tax assets and liabilities at 21%. Sony provides a valuation allowance for its deferred tax assets, which includes net operating losses, temporary differences and tax credits, when it is more likely than not that some portion, or all, of its deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the relevant tax jurisdiction. As of December 31, 2018, SAHI and its U.S. consolidated tax filing group has continued its profitable trend, primarily as a result of the G&NS segment and the Music segment. Based on an assessment of the available positive and negative evidence, in particular recent profit history and forecasted profitability, in the quarter ended December 31, 2018, Sony reversed the valuation allowances recorded against a significant portion of the deferred tax assets in the United States, primarily for net operating losses, temporary differences and certain tax credits, and recorded a tax benefit of 154,201 million yen. The significant components of deferred tax assets and liabilities are as follows: Yen in millions March 31 2018 2019 Deferred tax assets: Operating loss carryforwards for tax purposes 439,206 413,494 Accrued pension and severance costs 106,161 103,652 Amortization including film costs 95,069 86,196 Warranty reserves and accrued expenses 104,410 108,515 Future insurance policy benefits 33,812 36,683 Inventory 15,792 19,716 Depreciation 43,353 34,638 Tax credit carryforwards 125,327 117,471 Reserve for doubtful accounts 8,534 9,136 Impairment of investments 14,146 12,278 Deferred revenue 14,478 19,081 Other 132,800 169,897 Gross deferred tax assets 1,133,088 1,130,757 Less: Valuation allowance (899,835 ) (723,114 ) Total deferred tax assets 233,253 407,643 Deferred tax liabilities: Insurance acquisition costs (166,717 ) (169,244 ) Future insurance policy benefits (167,058 ) (181,052 ) Unbilled accounts receivable in the Pictures segment (63,196 ) (44,842 ) Unrealized gains on securities (83,298 ) (75,573 ) Gain on equity securities — (33,082 ) Intangible assets acquired through stock exchange offerings (23,949 ) (23,949 ) Intangible assets derived from EMI Music Publishing acquisition — (93,979 ) Undistributed earnings of foreign subsidiaries and corporate joint ventures (14,160 ) (15,758 ) Investment in M3 (35,802 ) (37,007 ) Other (32,164 ) (62,092 ) Gross deferred tax liabilities (586,344 ) (736,578 ) Net deferred tax liabilities (353,091 ) (328,935 ) Based on the weight of the available positive and negative evidence, for the fiscal year ended March 31, 2019, Sony continued to maintain valuation allowances against the deferred tax assets at Sony Corporation and its national tax filing group in Japan, as well as at Sony Mobile Communications in Sweden, Sony Europe B.V. in the United Kingdom, certain subsidiaries in Brazil, and certain subsidiaries in other tax jurisdictions. Valuation allowances also continue to be recorded on the remaining U.S. deferred tax assets, primarily foreign tax credits, due to restrictions on the use of such assets and their relatively short remaining carryforward periods. The net changes in the total valuation allowance were decreases of 3,894 million yen, 152,129 million yen and 176,721 million yen for the fiscal years ended March 31, 2017, 2018 and 2019, respectively. The decrease in the valuation allowances during the fiscal year ended March 31, 2017 was primarily due to the use of net operating loss carryforwards for the national tax filing group in Japan. The decrease in the valuation allowances during the fiscal year ended March 31, 2018 was primarily due to the use of net operating loss carryforwards and other deferred tax assets for both the national tax filing group in Japan and the consolidated tax filing group in the United States. The U.S. deferred tax assets were also reduced as a result of the reduction in the tax rate under the U.S. Tax Reform Act which had a corresponding reduction of the valuation allowance on those assets. In addition, valuation allowances were reversed in several jurisdictions, including France and Canada, as a result of sustained profitability. The decrease in the valuation allowances during the fiscal year ended March 31, 2019 was due to the reversal of the valuation allowances on significant deferred tax assets in SAHI and its U.S. consolidated tax filing group and the use of net operating loss carryforwards and other deferred tax assets in the national tax filing group in Japan and other jurisdictions. At March 31, 2019, 21,082 million yen of deferred income taxes have not been provided on undistributed earnings of certain foreign subsidiaries and corporate joint ventures not expected to be remitted in the foreseeable future totaling 1,317,603 million yen. In addition, deferred income taxes have not been provided on the gain on the book/tax basis difference in subsidiaries, including a gain of 61,544 million yen on a subsidiary’s sale of stock arising from the issuance of common stock of Sony Music Entertainment (Japan) Inc. in a public offering to third parties in November 1991 and the remeasurement gain for the equity interest in EMI (Refer to Note 25). Sony does not anticipate any significant tax consequences on the possible future disposition of these investments based on its tax planning strategies. At March 31, 2019, Sony had net operating loss carryforwards, the tax effect of which totaled 413,494 million yen, which may be available as an offset against future taxable income on tax returns to be filed in various tax jurisdictions. With the exception of 162,194 million yen with no expiration period, substantially all of the total net operating loss carryforwards expire at various dates between the fiscal years ending March 31, 2020 and 2024. Tax credit carryforwards at March 31, 2019 amounted to 117,471 million yen. With the exception of 20,127 million yen with no expiration period, substantially all of the total available tax credit carryforwards expire at various dates between the fiscal years ending March 31, 2020 and 2029. A reconciliation of the beginning and ending gross amounts of unrecognized tax benefits is as follows: Yen in millions March 31 2017 2018 2019 Balance at beginning of the fiscal year 114,126 119,529 95,425 Reductions for tax positions of prior years (558 ) (8,809 ) (31,396 ) Additions for tax positions of prior years 13,353 4,681 3,094 Additions based on tax positions related to the current year 8,231 5,740 2,594 Settlements (8,300 ) (21,893 ) (4,235 ) Lapse in statute of limitations (3,454 ) (3,469 ) (14,824 ) Foreign currency translation adjustments (3,869 ) (354 ) (81 ) Balance at end of the fiscal year 119,529 95,425 50,577 Total net amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate 45,987 39,308 35,004 The major changes in the total gross amount of unrecognized tax benefit balances relate to transfer pricing adjustments, including as a result of the Bilateral Advance Pricing Agreements (“APAs”) and competent authority requests filed for certain subsidiaries in the G&NS, HE&S, IP&S, MC and Semiconductors segments and All Other, with respect to the intercompany cross-border transactions. The APAs include agreements between Sony and two taxing authorities under the authority of the mutual agreement procedure specified in income tax treaties. Sony reviews its estimated tax expense based on the progress made in these procedures, and the progress of transfer pricing audits generally, and makes adjustments to its estimates as necessary. In addition, the APAs are government to government negotiations, and therefore it is possible that the final outcomes of the agreements may differ from Sony’s current assessment of the more-likely-than-not During the fiscal year ended March 31, 2017, Sony recorded 474 million yen of interest expense and reversed 597 million yen of penalties. At March 31, 2017, Sony had recorded liabilities of 9,735 million yen and 3,761 million yen for the payments of interest and penalties, respectively. During the fiscal year ended March 31, 2018, Sony recorded 1,053 million yen of interest expense and 876 million yen of penalties. At March 31, 2018, Sony had recorded liabilities of 10,788 million yen and 4,637 million yen for the payments of interest and penalties, respectively. During the fiscal year ended March 31, 2019, Sony reversed 1,479 million yen of interest expense and recorded 218 million yen of penalties. At March 31, 2019, Sony had recorded liabilities of 9,309 million yen and 4,855 million yen for the payments of interest and penalties, respectively. Sony operates in multiple jurisdictions throughout the world, and its tax returns are periodically audited by Japanese and foreign taxing authorities. As a result of audit settlements, the conclusion of current examinations, the expiration of the statute of limitations in several jurisdictions and other reevaluations of Sony’s tax positions, it is expected that the amount of unrecognized tax benefits will change in the next twelve months. Accordingly, Sony believes it is reasonably possible that its existing unrecognized tax benefits may be reduced by an amount up to 1,639 million yen within the next twelve months. Sony remains subject to examinations by Japanese taxing authorities for tax years from 2009 through 2018, and by the U.S. tax authorities for tax years from 2015 through 2018 and other material foreign taxing authorities for tax years from 2006 through 2018. |
Reconciliation of the differenc
Reconciliation of the differences between basic and diluted EPS | 12 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Reconciliation of the differences between basic and diluted EPS | 23. Reconciliation of the differences between basic and diluted EPS Reconciliation of the differences between basic and diluted EPS for the fiscal years ended March 31, 2017, 2018 and 2019 is as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Net income attributable to Sony Corporation’s stockholders for basic and diluted EPS computation 73,289 490,794 916,271 Thousands of shares Weighted-average shares outstanding 1,262,023 1,263,895 1,266,592 Effect of dilutive securities: Stock acquisition rights 2,358 4,565 4,088 Zero coupon convertible bonds 23,962 23,960 23,966 Weighted-average shares for diluted EPS computation 1,288,343 1,292,420 1,294,646 Yen Basic EPS 58.07 388.32 723.41 Diluted EPS 56.89 379.75 707.74 Potential shares of common stock which were excluded from the computation of diluted EPS for the fiscal years ended March 31, 2017, 2018 and 2019 were 6,856 thousand shares, 2,921 thousand shares and 5,731 thousand shares, respectively. Potential shares related to stock acquisition rights were excluded as anti-dilutive for the fiscal years ended March 31, 2017, 2018 and 2019 when the exercise price for those shares was in excess of the average market value of Sony’s common stock for those fiscal years. The zero coupon convertible bonds issued in July 2015 were included in the diluted EPS calculation under the if-converted |
Variable interest entities
Variable interest entities | 12 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Variable interest entities | 24. Variable interest entities Sony has, from time to time, entered into various arrangements with VIEs. These arrangements include several joint ventures in the recorded music business, an equity investment in the music publishing business, the financing of film production and the outsourcing of manufacturing operations. In addition, Sony has entered into several accounts receivable sales programs that involve VIEs, which are described in Note 6. For the VIEs that are described below, it has been determined that Sony is the primary beneficiary and, accordingly, these VIEs are consolidated by Sony. Sony’s U.S. subsidiary that is engaged in the recorded music business has entered into several joint ventures with companies involved in the production and creation of recorded music. Sony has reviewed these joint ventures and determined that they are VIEs. Based on a qualitative assessment, it was determined that Sony has the power to direct the activities that most significantly impact the VIEs’ economic performance, as well as the obligation to absorb the losses of these VIEs as Sony is responsible for providing funding to these VIEs, and in most cases absorbs all losses until the VIEs become profitable. As a result, it has been determined that Sony is the primary beneficiary. The assets of Sony are not available to settle the obligations of these VIEs. As of March 31, 2019, the total assets and liabilities for these VIEs, on an aggregate basis, were 47,700 million yen and 27,861 million yen, respectively. As described in Note 6, certain accounts receivable sales programs also involve VIEs. These VIEs are all special purpose entities associated with the sponsor banks. Based on a qualitative assessment, Sony is not the primary beneficiary and therefore does not consolidate these entities as Sony does not have the power to direct the activities, an obligation to absorb losses, or the right to receive the residual returns of these VIEs. Sony’s maximum exposure to losses from these VIEs is considered insignificant. |
Acquisitions
Acquisitions | 12 Months Ended |
Mar. 31, 2019 | |
Business Combinations [Abstract] | |
Acquisitions | 25. Acquisitions (1) TEN Sports Network acquisition On February 28, 2017, Sony Pictures Networks India, a wholly-owned subsidiary of Sony, completed the first phase of a two-phase As a result of the acquisition, Sony recorded 26,489 million yen (235 million U.S. dollars) of goodwill and 14,910 million yen (132 million U.S. dollars) of intangible assets. The cash consideration paid in this transaction, net of cash received, is included within Other in the investing activities section of the consolidated statements of cash flows. Pro forma results of operations have not been presented because the effect of the acquisition was not material. (2) EMI Music Publishing acquisition On November 14, 2018, Sony Corporation of America, Sony’s wholly-owned subsidiary, completed the acquisition of the entirety of the approximately 60% equity interest held by the investor consortium led by the Mubadala Investment Company in DH Publishing, L.P. (“EMI”), which owned and managed EMI Music Publishing, for the equity purchase price of 257,168 million yen (2,269 million U.S. dollars), which includes payments related to warrants and management equity plans. Sony paid all the consideration in cash upon the acquisition. As a result of this acquisition, EMI has become a wholly-owned subsidiary of Sony. This acquisition allows Sony to build upon its music publishing library by providing the Company with full ownership of the EMI Music Publishing catalog which was being administered by Sony’s wholly-owned music publishing subsidiary, Sony/ATV Music Publishing. Sony’s consolidated income statements for the fiscal year ended March 31, 2019 include revenue and operating income of 28,871 million yen (260 million U.S. dollars) and 6,432 million yen (58 million U.S. dollars), respectively, attributable to EMI since the date of acquisition. Sony’s consolidated income statements for the three months ended March 31, 2019 include revenue and operating income of 18,420 million yen (167 million U.S. dollars) and 4,522 million yen (41 million U.S. dollars), respectively, attributable to EMI. Prior to the acquisition, Sony’s interest in EMI was accounted for under the equity method of accounting. As a result of Sony obtaining a controlling interest in EMI, Sony consolidated EMI using the acquisition method of accounting and recorded the fair value of the identifiable assets, liabilities assumed and residual goodwill of EMI. Sony remeasured the approximately 40% equity interest in EMI that Sony already owned prior to the acquisition at a fair value of 141,141 million yen (1,245 million U.S. dollars) which resulted in the recognition of a non-cash The following table summarizes the fair values assigned to the assets and liabilities of EMI that were recorded in the Music segment. The purchase price allocation as of the date of the acquisition is preliminary and is subject to revision as more detailed analyses are completed. The primary areas of the purchase price allocation that are not yet finalized are related to income taxes and the residual goodwill. Yen in millions Cash and cash equivalents 12,971 Notes and accounts receivable, trade and contract assets 32,287 Prepaid expenses and other current assets 10,220 Securities investments and other 1,476 Intangibles, net 420,534 Goodwill 237,271 Other 10,023 Total assets 724,782 Notes and accounts payable, trade 1,731 Accounts payable, other and accrued expenses 70,675 Accrued income and other taxes 3,082 Long-term debt 148,621 Accrued pension and severance costs 1,947 Deferred income taxes 94,849 Other 5,564 Total liabilities 326,469 Intangibles mainly consists of music publishing catalogs with weighted average amortization periods of 43 years. Goodwill represents unidentifiable intangible assets, such as future growth from new revenue streams and synergies with existing Sony assets and businesses, and is calculated as the excess of the purchase price over the estimated fair value of the tangible and intangible assets acquired and is not deductible for tax purposes. The goodwill recorded in connection with this acquisition is included in the Music segment. The following unaudited supplemental pro forma financial information presents the combined results of operations of Sony and EMI as though the acquisition had occurred as of the beginning of the fiscal year ended March 31, 2018: Yen in millions, Yen per share amounts Fiscal year ended March 31 2018 2019 Net sales 8,612,280 8,738,209 Operating income 854,786 801,973 Net income attributable to Sony Corporation’s stockholders 584,019 817,629 Per share data: — Basic EPS 462.08 645.53 — Diluted EPS 451.88 631.55 The unaudited supplemental pro forma financial information is based on estimates and assumptions, which Sony believes are reasonable, and is not intended to represent or be indicative of what Sony’s consolidated net income attributable to Sony Corporation’s stockholders would have been had the acquisition been completed at the beginning of the fiscal year ended March 31, 2018 and should not be taken as indicative of Sony’s future consolidated net income attributable to Sony Corporation’s stockholders. The unaudited supplemental pro forma financial information includes the elimination of equity in net income and consolidation of EMI, the adjustment of the gain from the remeasurement of the previously owned equity interest, incremental intangible asset amortization, net of the related tax effects and the adjustments of expenses incurred in relation to warrants and management equity plans. (3) Other acquisitions During the fiscal year ended March 31, 2017, Sony completed other acquisitions for total consideration of 12,409 million yen which were paid for primarily in cash and there was no material contingent consideration subject to future change. As a result of these acquisitions, Sony recorded 12,384 million yen of goodwill and 7,073 million yen of intangible assets. During the fiscal year ended March 31, 2018, Sony completed other acquisitions for total consideration of 27,459 million yen which were paid for primarily in cash and there was no material contingent consideration subject to future change. As a result of these acquisitions, Sony recorded 20,013 million yen of goodwill and 4,980 million yen of intangible assets. During the fiscal year ended March 31, 2019, Sony completed other acquisitions for total consideration of 7,743 million yen which were paid for primarily in cash and there was no material contingent consideration subject to future change. As a result of these acquisitions, Sony recorded 5,773 million yen of goodwill and 4,422 million yen of intangible assets. No significant amounts have been allocated to in-process |
Divestitures
Divestitures | 12 Months Ended |
Mar. 31, 2019 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Divestitures | 26. Divestitures (1) Battery business On October 31, 2016, Sony and Murata Manufacturing Co., Ltd. signed a binding definitive agreement to transfer the Sony Group’s battery business to the Murata Group which was completed on September 1, 2017. Sony classified certain assets and liabilities related to the battery business as held for sale and, as a result of the fair value valuation of these assets and liabilities, recorded impairment losses of 42,298 million yen in other operating (income) expense, net in the consolidated statements of income for the fiscal year ended March 31, 2017. (2) Sale of equity interest in Sony Electronics Huanan Co., Ltd. On April 1, 2017, Sony transferred all of the equity interest in Sony Electronics Huanan Co., Ltd. (“SEH”), a wholly-owned subsidiary in the Semiconductors segment that manufactures camera modules, to Shen Zhen O-Film |
Collaborative arrangements
Collaborative arrangements | 12 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Collaborative arrangements | 27. Collaborative arrangements Sony’s collaborative arrangements primarily relate to arrangements entered into, through subsidiaries in the Pictures segment, with one or more active participants to jointly finance, produce and/or distribute motion pictures or television programming under which both the subsidiaries and the other active participants share in the risks and rewards of ownership. These arrangements are referred to as co-production Sony typically records an asset for only the portion of the motion pictures or television programming it owns and finances. Sony and the other participants typically distribute the product in different media or markets. Revenues earned and expenses incurred for the media or markets in which Sony distributes the product are typically recorded on a gross basis. Sony typically does not record revenues earned and expenses incurred when the other participants distribute the product. Sony and the other participants typically share in the profits from the distribution of the product in all media or markets. For motion pictures, if Sony is a net receiver of (1) Sony’s share of the profits from the media or markets distributed by the other participants less (2) the other participants’ share of the profits from the media or markets distributed by Sony then the net amount is recorded as net sales. If Sony is a net payer then the net amount is recorded in cost of sales. For television programming, Sony records its share of the profits from the media or markets distributed by the other participants as sales, and the other participants’ share of the profits from the media or markets distributed by Sony as cost of sales. For the fiscal years ended March 31, 2017, 2018 and 2019, 44,124 million yen, 49,547 million yen and 42,343 million yen, respectively, were recorded as net sales for amounts due from the other participants and 29,594 million yen, 24,280 million yen and 22,702 million yen, respectively, were recorded as cost of sales for amounts owed to the other participants in these collaborative arrangements. |
Commitments, contingent liabili
Commitments, contingent liabilities and other | 12 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments, contingent liabilities and other | 28. Commitments, contingent liabilities and other (1) Loan commitments Subsidiaries in the Financial Services segment have entered into loan agreements with their customers in accordance with the condition of the contracts. As of March 31, 2019, the total unused portion of the lines of credit extended under these contracts was 27,553 million yen. Based upon the information currently available, it is not possible to estimate the aggregate amounts of future year-by-year (2) Purchase commitments and other Purchase commitments and other outstanding as of March 31, 2019 amounted to 593,338 million yen. The major components of these commitments are as follows: Certain subsidiaries in the Pictures segment have entered into agreements with creative talent for the development and production of motion pictures and television programming as well as agreements with third parties to acquire completed motion pictures, or certain rights therein, and to acquire the rights to broadcast certain live action sporting events. These agreements cover various periods mainly within three years. As of March 31, 2019, these subsidiaries were committed to make payments under such contracts of 94,871 million yen. Certain subsidiaries in the Music segment have entered into contracts with recording artists, songwriters and companies for the future production, distribution and/or licensing of music product. These contracts cover various periods mainly within six years. As of March 31, 2019, these subsidiaries were committed to make payments of 112,578 million yen under such contracts. A subsidiary in the G&NS segment has entered into contracts for programming content. These contracts cover various periods mainly within a year. As of March 31, 2019, this subsidiary was committed to make payments of 11,027 million yen under such contracts. Sony has entered into purchase contracts for fixed assets. As of March 31, 2019, Sony has committed to make payments of 164,174 million yen under such contracts. Sony has entered into purchase contracts for materials. As of March 31, 2019, Sony has committed to make payments of 125,164 million yen under such contracts. Sony has entered into sponsorship contracts related to advertising and promotional rights. These contracts cover various periods mainly within two years. As of March 31, 2019, Sony has committed to make payments of 10,132 million yen under such contracts. The schedule of the aggregate amounts of year-by-year Fiscal year ending March 31 Yen in millions 2020 344,417 2021 82,600 2022 55,492 2023 40,349 2024 26,387 Later fiscal years 44,093 Total 593,338 (3) Litigation Beginning in 2009, the U.S. Department of Justice (“DOJ”), the European Commission and certain other governmental agencies outside the United States have conducted investigations relating to competition in the optical disk drives market. Sony Corporation and/or certain of its subsidiaries have been subject to these investigations. Sony understands that these investigations have ended. However, proceedings initiated by the European Commission as a result of its investigation continue. In October 2015, the European Commission adopted a decision in which it fined Sony Corporation and certain of its subsidiaries 31 million euros; however, Sony filed an appeal against the decision with the European Union’s General Court. In addition, a number of direct and indirect purchaser lawsuits, including class actions, have been filed in certain jurisdictions in which the plaintiffs allege that Sony Corporation and certain of its subsidiaries violated antitrust laws and seek recovery of damages and other remedies. Most of these lawsuits have been settled, including the class actions brought by the direct and indirect purchasers in the United States; however, certain lawsuits continue. Based on the stage of the pending proceedings, it is not possible to estimate the amount of losses or range of possible losses, if any, that might ultimately result from adverse judgments, settlements or other resolution of all of these matters. Since 2011, in relation to the secondary batteries business that was operated by Sony and certain of its subsidiaries, a number of direct and indirect purchaser lawsuits, including class actions, have been filed in certain jurisdictions in which the plaintiffs allege that Sony Corporation and certain of its subsidiaries violated antitrust laws and seek recovery of damages and other remedies. Most of these lawsuits have been settled, including the class actions brought by the direct and indirect purchasers in the United States; however, certain lawsuits are still pending. Based on the stage of the pending proceedings, it is not possible to estimate the amount of losses or range of possible losses, if any, that might ultimately result from adverse judgments, settlements or other resolution of all of these matters. In addition, Sony Corporation and certain of its subsidiaries are defendants or otherwise involved in other pending legal and regulatory proceedings. However, based upon the information currently available, Sony believes that the outcome from such legal and regulatory proceedings would not have a material impact on Sony’s results of operations and financial position. (4) Guarantees Sony has issued guarantees that contingently require payments to guaranteed parties if certain specified events or conditions occur. The maximum potential amount of future payments under these guarantees as of March 31, 2019 amounted to 2,531 million yen. In addition to the above, Sony also issues contractual product warranties under which it generally guarantees the performance of products delivered and services rendered for a certain period or term. The changes in the product warranty liability for the fiscal years ended March 31, 2017, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Balance at beginning of the fiscal year 64,450 57,694 44,717 Additional liabilities for warranties 51,465 32,179 23,041 Settlements (in cash or in kind) (47,922 ) (30,570 ) (26,326 ) Changes in estimate for pre-existing (8,120 ) (16,802 ) (7,370 ) Translation adjustments (2,179 ) 2,216 (1,057 ) Balance at end of the fiscal year 57,694 44,717 33,005 The consideration received for extended warranty service, which is not a significant portion of the warranty activities provided by Sony, is excluded from the amounts in the table above. |
Business segment information
Business segment information | 12 Months Ended |
Mar. 31, 2019 | |
Segment Reporting [Abstract] | |
Business segment information | 29. Business segment information The reportable segments presented below are the segments of Sony for which separate financial information is available and for which operating profit or loss amounts are evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The CODM does not evaluate segments using discrete asset information. Sony’s CODM is its Chief Executive Officer and President. The G&NS segment includes network services businesses, the manufacture and sales of home gaming products and production and sales of software. The Music segment includes Recorded Music, Music Publishing and Visual Media and Platform businesses. The Pictures segment includes Motion Pictures, Television Productions and Media Networks businesses. The HE&S segment includes Televisions as well as Audio and Video businesses. The IP&S segment includes the Still and Video Cameras business. The MC segment includes the manufacture and sales of mobile phones and an internet-related service business. The Semiconductors segment includes the image sensors business. The Financial Services segment primarily represents individual life insurance and non-life Segment sales and operating revenue: Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Game & Network Services — Customers 1,581,568 1,848,298 2,224,622 Intersegment 68,231 95,514 86,250 Total 1,649,799 1,943,812 2,310,872 Music — Customers 630,767 784,792 795,025 Intersegment 16,891 15,203 12,464 Total 647,658 799,995 807,489 Pictures — Customers 901,230 1,010,173 985,270 Intersegment 1,899 894 1,603 Total 903,129 1,011,067 986,873 Home Entertainment & Sound — Customers 1,034,215 1,221,734 1,154,533 Intersegment 4,789 999 878 Total 1,039,004 1,222,733 1,155,411 Imaging Products & Solutions — Customers 571,499 647,163 661,304 Intersegment 8,134 8,729 9,146 Total 579,633 655,892 670,450 Mobile Communications — Customers 752,688 713,916 487,330 Intersegment 6,457 9,826 10,670 Total 759,145 723,742 498,000 Semiconductors— Customers 659,779 726,892 770,622 Intersegment 113,344 123,118 108,708 Total 773,123 850,010 879,330 Financial Services — Customers 1,080,284 1,221,235 1,274,708 Intersegment 7,220 7,142 7,831 Total 1,087,504 1,228,377 1,282,539 All Other — Customers 375,116 351,527 299,806 Intersegment 75,334 55,647 45,931 Total 450,450 407,174 345,737 Corporate and elimination (286,195 ) (298,820 ) (271,014 ) Consolidated total 7,603,250 8,543,982 8,665,687 G&NS intersegment amounts primarily consist of transactions with All Other. Semiconductors intersegment amounts primarily consist of transactions with the G&NS segment, the IP&S segment and the MC segment. All Other intersegment amounts primarily consist of transactions with the G&NS segment, the Music segment and the Pictures segment. Corporate and elimination includes certain brand and patent royalty income. Segment profit or loss: Yen in millions Fiscal year ended March 31 2017 2018 2019 Operating income (loss): Game & Network Services 135,553 177,478 311,092 Music 75,798 127,786 232,487 Pictures (80,521 ) 41,110 54,599 Home Entertainment & Sound 58,504 85,841 89,669 Imaging Products & Solutions 47,257 74,924 83,975 Mobile Communications 10,164 (27,636 ) (97,136 ) Semiconductors (7,811 ) 164,023 143,874 Financial Services 166,424 178,947 161,477 All Other (29,585 ) (23,530 ) (11,127 ) Total 375,783 798,943 968,910 Corporate and elimination (87,081 ) (64,083 ) (74,675 ) Consolidated operating income 288,702 734,860 894,235 Other income 14,418 23,728 144,735 Other expenses (51,501 ) (59,539 ) (27,322 ) Consolidated income before income taxes 251,619 699,049 1,011,648 Operating income (loss) is sales and operating revenue less costs and expenses, and includes equity in net income (loss) of affiliated companies. Corporate and elimination includes headquarters restructuring costs and certain other corporate expenses, including the amortization of certain intellectual property assets such as the cross-licensing of intangible assets acquired from Ericsson at the time of the Sony Mobile Communications acquisition, which are not allocated to segments. Pursuant to a separation of Sony’s businesses into distinct subsidiaries and a realignment of corporate functions, changes have been made to the method of calculating the amount of pension and severance-related expenses allocated to Sony’s headquarters and each business segment from the fiscal year ended March 31, 2018. As a result of these changes, an increase in corporate costs totaling 7.5 billion yen is included in Corporate and elimination for the fiscal year ended March 31, 2018. Conversely, a decrease in expenses totaling the same amount is included in each business segment, mainly in the Semiconductors (3.2 billion yen) and IP&S (2.0 billion yen) segments. These changes have no impact on consolidated operating income. Other significant items: Yen in millions Fiscal year ended March 31 2017 2018 2019 Equity in net income (loss) of affiliated companies: Game & Network Services — — — Music 5,435 4,483 (6,915 ) Pictures (35 ) (129 ) 106 Home Entertainment & Sound — — — Imaging Products & Solutions — — — Mobile Communications (79 ) (102 ) (38 ) Semiconductors — — — Financial Services (3,601 ) (61 ) (682 ) All Other 1,843 4,378 4,530 Consolidated total 3,563 8,569 (2,999 ) Depreciation and amortization: Game & Network Services 25,486 29,091 29,023 Music 16,124 18,230 21,259 Pictures 20,487 24,458 24,081 Home Entertainment & Sound 19,830 21,136 21,887 Imaging Products & Solutions 25,442 23,928 24,867 Mobile Communications 19,794 19,215 14,995 Semiconductors 102,328 99,258 110,746 Financial Services, including deferred insurance acquisition costs 47,056 79,843 91,179 All Other 7,407 5,910 4,940 Total 283,954 321,069 342,977 Corporate 43,094 40,375 31,049 Consolidated total 327,048 361,444 374,026 The following table includes a breakdown of sales and operating revenue to external customers by product category for certain segments. Sony management views each segment as a single operating segment. Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Game & Network Services Digital Software and Add-on 525,683 762,220 1,102,231 Network Services 189,241 270,972 326,524 Hardware and Others 866,644 815,106 795,867 Total 1,581,568 1,848,298 2,224,622 Music Recorded Music 388,948 446,960 426,926 Music Publishing 66,541 74,360 106,666 Visual Media and Platform 175,278 263,472 261,433 Total 630,767 784,792 795,025 Pictures Motion Pictures 409,363 448,945 436,017 Television Productions 271,886 289,024 288,816 Media Networks 219,981 272,204 260,437 Total 901,230 1,010,173 985,270 Home Entertainment & Sound Televisions 720,557 861,763 788,423 Audio and Video 311,771 357,194 362,580 Other 1,887 2,777 3,530 Total 1,034,215 1,221,734 1,154,533 Imaging Products & Solutions Still and Video Cameras 351,834 415,318 421,506 Other 219,665 231,845 239,798 Total 571,499 647,163 661,304 Mobile Communications 752,688 713,916 487,330 Semiconductors 659,779 726,892 770,622 Financial Services 1,080,284 1,221,235 1,274,708 All Other 375,116 351,527 299,806 Corporate 16,104 18,252 12,467 Consolidated total 7,603,250 8,543,982 8,665,687 Sony has realigned its product category configuration in the G&NS segment for the fiscal year ended March 31, 2019. In connection with the realignment, all prior period sales amounts by product category in the table above have been reclassified to conform to the current presentation. In the G&NS segment, Digital Software and Add-on add-on direct-to-video Blu-ray Geographic Information: Sales and operating revenue attributed to countries and areas based on location of external customers for the fiscal years ended March 31, 2017, 2018 and 2019 and property, plant and equipment, net as of March 31, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Japan 2,392,790 2,625,619 2,591,784 United States 1,673,768 1,835,705 1,982,135 Europe 1,634,683 1,841,457 1,862,166 China 557,995 674,718 770,416 Asia-Pacific 866,712 1,024,179 912,193 Other Areas 477,302 542,304 546,993 Total 7,603,250 8,543,982 8,665,687 Yen in millions March 31 2018 2019 Property, plant and equipment, net: Japan 563,593 590,694 United States 97,979 113,581 Europe 23,302 22,622 China 11,232 11,694 Asia-Pacific 36,738 34,273 Other Areas 6,626 4,189 Total 739,470 777,053 Major countries and areas in each geographic segment excluding Japan, United States and China are as follows: (1) Europe: United Kingdom, France, Germany, Russia, Spain and Sweden (2) Asia-Pacific: India, South Korea, Oceania, Thailand and Malaysia (3) Other Areas: The Middle East/Africa, Brazil, Mexico and Canada There are no individually material countries with respect to sales and operating revenue or property, plant and equipment, net included in Europe, Asia-Pacific and Other Areas. Transfers between reportable business segments or geographic areas are made at individually negotiated prices that are intended to reflect a market-based transfer price. There were no sales and operating revenue with any single major external customer for the fiscal years ended March 31, 2017, 2018 and 2019. |
Subsequent events
Subsequent events | 12 Months Ended |
Mar. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent events | 30. Subsequent events (1) Setting of parameters for repurchase of shares of its own common stock Sony Corporation approved the setting of the following parameters for repurchase of its own common stock pursuant to the Companies Act at the meeting of its Board of Directors held on May 16, 2019: (i) Total number of shares for repurchase: 60 million shares (maximum) (ii) Total purchase price for repurchase of shares: 200 billion yen (maximum) (iii) Period of repurchase: May 17, 2019 to March 31, 2020 (2) Acquisition of equity interests in joint ventures in the life insurance business On May 17, 2019, Sony Life Insurance Co., Ltd. (“Sony Life”), Sony’s consolidated subsidiary, entered into a legally binding memorandum of understanding with AEGON International B.V. (“AEGON”) regarding the sale of the 50% equity interests held by AEGON in AEGON Sony Life Insurance Co. Ltd. and SA Reinsurance Ltd. (collectively, the “JVs”) to Sony Life. The purchase price for the sale is 16 billion yen, subject to certain closing adjustments being made, if applicable. The closing of the transaction is subject to certain closing conditions, including regulatory approvals. As of the closing of the transaction, Sony Life will own 100% of the equity interests in the JVs and the JVs will become consolidated subsidiaries of Sony. |
SCHEDULE II VALUATION AND QUALI
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended |
Mar. 31, 2019 | |
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] | |
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS SONY CORPORATION AND CONSOLIDATED SUBSIDIARIES Yen in millions Balance Beginning (Note 3) Additions Deductions Other Balance at end of period Fiscal year ended March 31, 2017: Allowance for doubtful accounts and sales returns 72,783 — 33,667 (50,858 ) (2,442 ) 53,150 Fiscal year ended March 31, 2018: Allowance for doubtful accounts and sales returns 53,150 — 45,515 (51,302 ) 1,300 48,663 Fiscal year ended March 31, 2019: Allowance for doubtful accounts 48,663 (25,114 ) 7,112 (5,532 ) 311 25,440 Notes: 1. Reversal including amounts written off. 2. Translation adjustments. 3. Sony adopted ASU 2014-09 from April 1, 2018, and as a result, sales returns are presented as a liability instead of as a contra-asset allowance. Accordingly, Sony changed the presentation from “Allowance for doubtful accounts and sales returns” to “Allowance for doubtful accounts” for the fiscal year ended March 31, 2019. Yen in millions Balance Additions Deductions Other Balance at end of period Fiscal year ended March 31, 2017: Valuation allowance — Deferred tax assets 1,055,858 149,697 (154,210 ) 619 1,051,964 Fiscal year ended March 31, 2018: Valuation allowance — Deferred tax assets 1,051,964 70,797 (123,597 ) (99,329 ) 899,835 Fiscal year ended March 31, 2019: Valuation allowance — Deferred tax assets 899,835 116,938 (309,226 ) 15,567 723,114 Note: 1. Translation adjustments and the effect of change in statutory tax rate. |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 12 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of consolidation and accounting for investments in affiliated companies | Basis of consolidation and accounting for investments in affiliated companies - The consolidated financial statements include the accounts of Sony Corporation and its majority-owned subsidiary companies, general partnerships and other entities in which Sony has a controlling interest, and variable interest entities for which Sony is the primary beneficiary. All intercompany transactions and accounts are eliminated. Investments in business entities in which Sony does not have control, but has the ability to exercise significant influence over operating and financial policies, generally through 20-50% 3-5% On occasion, a consolidated subsidiary or an affiliated company accounted for by the equity method may issue its shares to third parties in either a public or private offering or upon conversion of convertible debt to common stock at amounts per share in excess of or less than Sony’s average per share carrying value. With respect to such transactions, the resulting gains or losses arising from the change in ownership interest are recorded in earnings within the fiscal year in which the change in interest transactions occurs. Gains or losses that result from a loss of a controlling financial interest in a subsidiary are recorded in earnings along with fair value remeasurement gains or losses on any retained investment in the entity, while a change in interest of a consolidated subsidiary that does not result in a change in control is accounted for as a capital transaction and no gains or losses are recorded in earnings. The excess of the cost over the underlying net equity of investments in consolidated subsidiaries and affiliated companies accounted for on an equity basis is allocated to identifiable tangible and intangible assets and liabilities based on fair values at the date of acquisition. The unassigned residual value of the excess of the cost over Sony’s underlying net equity is recognized as goodwill as a component of the investment balance. |
Use of estimates | Use of estimates - The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates include those used in determining the valuation of investment securities, valuation of inventories, fair values of long-lived assets, fair values of goodwill and other intangible assets, fair values of assets and liabilities assumed in business combinations, product warranty liability, pension and severance plans, valuation of deferred tax assets, uncertain tax positions, film costs, and insurance related liabilities. Actual results could significantly differ from those estimates. |
Translation of foreign currencies | Translation of foreign currencies - All asset and liability accounts of foreign subsidiaries and affiliates are translated into Japanese yen at appropriate fiscal year end exchange rates and all income and expense accounts are translated at exchange rates that approximate those rates prevailing at the time of the transactions. The resulting translation adjustments are accumulated as a component of accumulated other comprehensive income. Upon remeasurement of a previously held equity interest in accordance with the accounting guidance for business combinations achieved in stages, accumulated translation adjustments, if any, are included in earnings. Monetary assets and liabilities denominated in foreign currencies are translated at appropriate fiscal year end exchange rates and the resulting translation gains or losses are recognized into income. |
Cash, cash equivalents and restricted cash | Cash, cash equivalents and restricted cash - Cash and cash equivalents include all highly liquid investments, with original maturities of three months or less, that are readily convertible to known amounts of cash and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates. Sony includes restricted cash within cash and cash equivalents in the statement of cash flows. |
Marketable debt and equity securities | Marketable debt and equity securities - Debt securities designated as available-for-sale held-to-maturity available-for-sale held-to-maturity Sony regularly evaluates its investment portfolio to identify other-than-temporary impairments of individual debt securities. Factors that are considered by Sony in determining whether an other-than-temporary decline in value has occurred include: the length of time and extent to which the market value of the security has been less than its original cost, the financial condition, operating results, business plans and estimated future cash flows of the issuer of the security, other specific factors affecting the market value, deterioration of the credit condition of the issuer, sovereign risk, and whether or not Sony is able to retain the investment for a period of time sufficient to allow for the anticipated recovery in market value. In evaluating the factors for debt securities designated as available-for-sale When an other-than-temporary impairment of a held-to-maturity |
Equity securities that do not have readily determinable fair values | Equity securities that do not have readily determinable fair values - Equity securities that do not have readily determinable fair values are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment in the same issuer. If the value of equity securities that do not have readily determinable fair values is estimated to have declined and such decline is judged to be other-than-temporary, Sony recognizes the impairment of the investment and the carrying value is reduced to its fair value. Determination of impairment is based on the consideration of several factors, including operating results, business plans and estimated future cash flows. Fair value is determined through the use of various methodologies such as discounted cash flows, valuation of recent financings and comparable valuations of similar companies. |
Allowance for doubtful accounts | Allowance for doubtful accounts - Sony maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Sony reviews accounts receivable by amounts due from customers which are past due to identify specific customers with known disputes or collectability issues. In determining the amount of the reserve, Sony makes judgments about the creditworthiness of customers based on past collection experience and ongoing credit risk evaluations. |
Inventories | Inventories - Inventories in the Game & Network Services (“G&NS”), Music, Home Entertainment & Sound (“HE&S”), Imaging Products & Solutions (“IP&S”), Mobile Communications (“MC”) and Semiconductors segments as well as non-film “first-in, first-out” |
Other receivables | Other receivables - Other receivables include receivables which relate to arrangements with certain component manufacturers whereby Sony procures goods, including product components, for these component manufacturers and is reimbursed for the related purchases. No revenue or profit is recognized on these transfers. Sony will repurchase the inventory at a later date from the component manufacturers as either finished goods inventory or as partially assembled product. |
Film costs | Film costs - Film costs include direct production costs, production overhead and acquisition costs for both motion picture and television productions and are stated at the lower of unamortized cost or estimated fair value and classified as noncurrent assets. Film costs are amortized, and the estimated liabilities for residuals and participations are accrued using an individual-film-forecast method based on the ratio of current period actual revenues to the estimated remaining total revenues. Film costs also include broadcasting rights, which are recognized when the license period begins and the program is available for use, and consist of acquired programming to be aired on Sony’s worldwide channel network. Broadcasting rights are stated at the lower of unamortized cost or net realizable value, classified as either current or noncurrent assets based on timing of expected use. Broadcasting rights are amortized based on estimated usage or on a straight-line basis over the useful life, as appropriate, although broadcasting rights licensed under multi-year live-event sports programming agreements are generally amortized based on the ratio of the current period’s actual advertising revenue and an allocation of subscription fee revenue to the estimated total remaining attributable revenues. Estimates used in calculating the fair value of film costs and the net realizable value of broadcasting rights are based upon assumptions about future demand and market conditions and are reviewed on a periodic basis. |
Property, plant and equipment and depreciation | Property, plant and equipment and depreciation - Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method. Useful lives for depreciation range from two to 50 years for buildings and from two to 10 years for machinery and equipment. Significant renewals and additions are capitalized at cost. Maintenance and repairs, and minor renewals and betterments are charged to income as incurred. |
Goodwill and other intangible assets | Goodwill and other intangible assets - Goodwill and indefinite lived intangible assets are tested annually for impairment during the fourth quarter of the fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. Such an event or change in circumstances would include unfavorable variances from established business plans, significant changes in forecasted results or volatility inherent to external markets and industries, which are periodically reviewed by Sony’s management. In the fiscal year ended March 31, 2019, Sony elected not to perform an optional qualitative assessment of goodwill and instead proceeded directly to a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. Reporting units are Sony’s operating segments or one level below the operating segments. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, not to exceed the total amount of goodwill allocated to the reporting unit. Indefinite lived intangible assets are tested for impairment by comparing the fair value of the intangible asset with its carrying value, and if the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The fair value of a reporting unit or indefinite lived intangible asset is generally determined using a discounted cash flow analysis. This approach uses significant estimates and assumptions, including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates, earnings multiples, the determination of appropriate comparable entities and the determination of whether a premium or discount should be applied to comparables. Consideration is also given to Sony’s market capitalization in relation to the sum of the calculated fair values of the reporting units, including reporting units with no goodwill, and taking into account corporate level assets and liabilities not assigned to individual reporting units as well as a reasonable control premium. The assumptions used for projected future cash flows and the timing of such cash flows are based on the forecast and mid-range When a business within a reporting unit is disposed of, goodwill is allocated to the disposed business using the relative fair value method. Intangible assets with finite useful lives mainly consist of patent rights, know-how, internal-use know-how, internal-use |
Capitalized software | Capitalized software - The costs related to establishing the technological feasibility of software to be sold, leased or otherwise marketed are expensed as incurred as a part of research and development in cost of sales. Costs that are incurred to produce the finished product after technological feasibility is established are capitalized and amortized to cost of sales over the estimated economic life, which is generally three years. The technological feasibility of game software is established when the product master is completed. Consideration to capitalize game software development costs before this point is limited to the development costs of games for which technological feasibility can be proven at an earlier stage. At each balance sheet date, Sony performs reviews to ensure that unamortized capitalized software costs remain recoverable from future profits of the related software products. The costs incurred for internal-use |
Deferred insurance acquisition costs | Deferred insurance acquisition costs - Costs that vary with and are directly related to acquiring new insurance policies are deferred as long as they are recoverable. The deferred insurance acquisition costs include such items as commissions, medical examination costs and inspection report fees, and are subject to recoverability testing at least annually to ensure that the capitalized amounts do not exceed the present value of anticipated gross profits or premiums less benefits and maintenance expenses, as applicable. The deferred insurance acquisition costs for traditional life insurance contracts are amortized over the premium-paying period of the related insurance policies using assumptions consistent with those used in computing policy reserves. The deferred insurance acquisition costs for non-traditional |
Product warranty | Product warranty - Sony provides for the estimated cost of product warranties at the time revenue is recognized. The product warranty is calculated based upon product sales, estimated probability of failure and estimated cost per claim. The variables used in the calculation of the provision are reviewed on a periodic basis. |
Future insurance policy benefits | Future insurance policy benefits - Liabilities for future insurance policy benefits are primarily comprised of the present value of estimated future payments to policyholders. These liabilities are computed by the net level premium method based upon the assumptions as to future investment yield, morbidity, mortality, withdrawals and other factors. These assumptions are reviewed on a periodic basis. Liabilities for future insurance policy benefits also include liabilities for guaranteed benefits related to certain non-traditional |
Policyholders' account in the life insurance business | Policyholders’ account in the life insurance business - Liabilities for policyholders’ account in the life insurance business represent the contract value that has accrued to the benefit of the policyholders as of the balance sheet date. This liability is generally equal to the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balances. |
Impairment of long-lived assets | Impairment of long-lived assets - Sony reviews the recoverability of the carrying value of its long-lived assets held and used, other than goodwill and intangible assets with indefinite lives, and assets to be disposed of, whenever events or changes in circumstances indicate that the individual carrying amount of an asset or asset group may not be recoverable. Long-lived assets to be held and used are reviewed for impairment by comparing the carrying value of the asset or asset group with their estimated undiscounted future cash flows. If the cash flows are determined to be less than the carrying value of the asset or asset group, an impairment loss would be recognized during the period for the amount by which the carrying value of the asset or asset group exceeds estimated fair value. Long-lived assets that are to be disposed of other than by sale are considered held and used until they are disposed of. Long-lived assets that are to be disposed of by sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated. Fair value is determined using the present value of estimated net cash flows or comparable market values. This approach uses significant estimates and assumptions including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates applied to determine terminal values, determination of appropriate market comparables and the determination of whether a premium or discount should be applied to comparables. |
Fair value measurement | Fair value measurement - Sony measures fair value as an exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Sony has elected the fair value option in the banking business for certain foreign securities. The election was made to mitigate accounting mismatches related to fluctuations of foreign exchange rates by allowing the gains and losses on the translation of these securities to be included in current earnings. The accounting guidance for fair value measurements specifies a hierarchy of inputs to valuation techniques based on the extent to which inputs used in measuring fair value are observable in the market. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect Sony’s assumptions about the assumptions that market participants would use in pricing the asset or liability. Observable market data is used if such data is available without undue cost and effort. Each fair value measurement is reported in one of three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 — Inputs are unadjusted quoted prices for identical assets and liabilities in active markets. Level 2 — Inputs are based on observable inputs other than level 1 prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. Level 3 — One or more significant inputs are unobservable. When available, Sony uses unadjusted quoted market prices in active markets to measure fair value and classifies such items within level 1. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest rates, currency rates and option volatilities. Items valued using internally generated models are classified according to the lowest level input that is significant to the valuation. For certain financial assets and liabilities, Sony determines fair value using third-party information such as indicative quotes from dealers and quantitative input from investment advisors following Sony’s established valuation procedures including validation against internally developed prices. Additionally, Sony considers both counterparty credit risk and Sony’s own creditworthiness in determining fair value. Sony attempts to mitigate credit risk to third parties by entering into netting agreements and actively monitoring the creditworthiness of counterparties and its exposure to credit risk through the use of credit limits and by selecting major international banks and financial institutions as counterparties. Transfers between levels are deemed to have occurred at the beginning of the interim period in which the transfers occur. |
Derivative financial instruments | Derivative financial instruments - All derivatives are recognized as either assets or liabilities in the consolidated balance sheets at fair value on a gross basis. Changes in the fair value of derivative financial instruments are either recognized periodically in income or stockholders’ equity (as a component of accumulated other comprehensive income), depending on whether the derivative financial instrument qualifies as a hedge and the derivative is being used to hedge changes in fair value or cash flows. The accounting guidance for hybrid financial instruments permits an entity to elect fair value remeasurement for any hybrid financial instrument if the hybrid instrument contains an embedded derivative that would otherwise be required to be bifurcated and accounted for separately under accounting guidance for derivative instruments and hedging activities. The election to measure the hybrid instrument at fair value is made on an instrument-by-instrument In accordance with accounting guidance for derivative instruments and hedging activities, various derivative financial instruments held by Sony are classified and accounted for as described below. Fair value hedges Changes in the fair value of derivatives designated and effective as fair value hedges for recognized assets or liabilities or unrecognized firm commitments are recognized in earnings as offsets to changes in the fair value of the related hedged assets or liabilities. Cash flow hedges Changes in the fair value of derivatives designated and effective as cash flow hedges for forecasted transactions or exposures associated with recognized assets or liabilities are initially recorded in other comprehensive income and reclassified into earnings when the hedged transaction affects earnings. Changes in the fair value of the ineffective portion are recognized immediately in earnings. Derivatives not designated as hedges Changes in the fair value of derivatives that are not designated as hedges are recognized immediately in earnings. Assessment of hedges When applying hedge accounting, Sony formally documents all hedging relationships between the derivatives designated as hedges and the hedged items, as well as its risk management objectives and strategies for undertaking various hedging activities. Sony links all hedges that are designated as fair value or cash flow hedges to specific assets or liabilities on the consolidated balance sheets or to the specific forecasted transactions. Sony also assesses, both at the inception of the hedge and on an on-going |
Stock-based compensation | Stock-based compensation - Sony accounts for stock-based compensation using the fair value based method, measured on the date of grant using the Black-Scholes option-pricing model. The expense is mainly included in selling, general and administrative expenses. Stock-based compensation is recognized, net of an estimated forfeiture rate, over the requisite service period using the accelerated method of amortization for grants with graded vesting. The estimated forfeiture rate is based on Sony’s historical experience in the stock acquisition rights plans where the majority of the vesting terms have been satisfied. |
Revenue recognition | Revenue recognition - Sony recognizes revenue in an amount that reflects the consideration Sony expects in exchange for satisfying performance obligations to transfer the goods or services promised in contracts with customers. This is in accordance with the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) Sony satisfies a performance obligation. Sony owns a variety of intellectual property throughout segments and recognizes revenue through the licensing of such intellectual property. Sony has both functional and symbolic intellectual property. The licensing of functional intellectual property grants a customer a right to use Sony’s intellectual property as it exists at a point in time, and Sony satisfies its performance obligation at the point in time when the customer obtains control and is entitled to benefit from the license. The licensing of symbolic intellectual property grants a customer a right to access Sony’s intellectual property over time, and Sony satisfies its performance obligation over the license period as Sony maintains the intellectual property. Incremental costs of obtaining a contract and costs to fulfill a contract are recognized as assets when Sony expects to recover these costs. The incremental costs of obtaining a contract are those costs that would not have been incurred if the contract had not been obtained. Costs to fulfill a contract are those costs that are directly related to a contract or to an anticipated contract and that generate or enhance resources for Sony to satisfy its performance obligations. Sony applies a practical expedient and recognizes the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that would have been recognized is one year or less. Revenues from sales in the HE&S, IP&S, MC and Semiconductors segments are recognized when (or as) performance obligations in contracts with customers are satisfied by transferring control over a promised good or service to a customer. If the sales contract contains a customer acceptance provision, then revenues are recognized after customer acceptance occurs or the acceptance provisions lapse. Revenues are recognized net of anticipated returns and sales incentives. Within the G&NS segment, revenues from hardware, peripherals and software discs are recognized when performance obligations are satisfied by transferring control to the retailer/distributor, net of anticipated returns, sales incentives and cooperative advertising obligations. Revenues from platform licensing to publishers are recognized when physical software discs are delivered. Revenues from digital game content, which is licensed functional intellectual property, are recognized when the digital content is made available for use by the licensee via an online platform, net of anticipated sales incentives and credit card chargebacks. Revenues from digital game content involving multiple performance obligations, such as obligations to make content available on future dates, are allocated to each performance obligation based on the relative standalone selling prices that are observable in the market or Sony’s best estimate. Revenues from subscription fees for digital subscription services are recognized over the subscription period. Within the Music segment, Sony licenses intellectual property that transfer to a customer either a right to use Sony’s intellectual property as it exists at the point in time in which the license is granted, or a right to access Sony’s intellectual property as it exists throughout the license period. Revenues are recognized when the customer has the right to use or access the intellectual property and obtains control of the use or access of that license. Digital revenues include revenues from contracts with digital streaming services typically recognized as a single performance obligation, which is ongoing access to intellectual property in an evolving library of content over the contract term, predicated on: (1) the business practice and contractual ability to remove specific content without a requirement to replace the content and without impact to minimum royalty guarantees and (2) the contracts not containing a specific listing of content subject to the license. For these contracts, revenues are recognized on the basis of sales and usage royalties, except where there is an amount of a minimum royalty guarantee that is not expected to be recouped, or a fixed fee, which is recognized on a straight-line basis over the term of the contract. Revenues from the sale of physical product such as CDs, net of anticipated returns and sales incentives, are recognized when delivery has occurred and the product is available for sale to the public. Within the Pictures segment, revenues from the theatrical exhibition of motion pictures are recognized as the customer exhibits the film. Revenues from the licensing of motion picture and television programming for pay and free television exhibition and other markets are recognized when the product is available for use by the licensee. Revenues for motion picture and television program licensing arrangements involving multiple performance obligations, for example a fee for multiple titles, territories or availability dates, are allocated based on the relative standalone selling price of each performance obligation using Sony’s best estimate based on available information such as market conditions and internal pricing guidelines. Each individual motion picture or television programming product delivered generally represents a separate performance obligation. Licensing revenue associated with certain renewals or extensions of existing agreements for motion pictures and television programming is recognized when the licensee can use and benefit from the content under the renewal or extension. Licensing revenue associated with minimum guarantees for symbolic intellectual property is recognized ratably over the license term. For home entertainment distribution, revenues from the sale of physical product such as DVDs and Blu-ray TM video-on-demand Traditional life insurance policies that the life insurance subsidiary underwrites, most of which are categorized as long-duration contracts, mainly consist of whole life, term life and accident and health insurance contracts. Premiums from these policies are reported as revenue when due from policyholders. Amounts received as payment for non-traditional Property and casualty insurance policies that the non-life Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. As of April 1, 2018, Sony adopted the new accounting standard related to the recognition of revenue in contracts with customers on a modified retrospective basis, and therefore comparative information has not been restated. The adoption of the new standard did not have a material impact on Sony’s results of operations and financial position. Refer to Note 2 (2) Recently adopted accounting pronouncements. |
Cost of sales | Cost of sales - Costs classified as cost of sales relate to the producing and manufacturing of products and include items such as material cost, subcontractor cost, depreciation of fixed assets, amortization of intangible assets, personnel expenses, research and development costs, and amortization of film costs related to motion picture and television productions. |
Research and development costs | Research and development costs - Research and development costs, included in cost of sales, include items such as salaries, personnel expenses and other direct and indirect expenses associated with research and product development. Research and development costs are expensed as incurred. |
Selling, general and administrative | Selling, general and administrative - Costs classified as selling expenses relate to promoting and selling products and include items such as advertising, promotion, shipping and warranty expenses. General and administrative expenses include operating items such as officers’ salaries, personnel expenses, depreciation of fixed assets, office rental for sales, marketing and administrative divisions, a provision for doubtful accounts and amortization of intangible assets. |
Financial services expenses | Financial services expenses - Financial services expenses include a provision for policy reserves and amortization of deferred insurance acquisition costs, and all other operating costs, such as personnel expenses, depreciation of fixed assets, and office rental of subsidiaries, in the Financial Services segment. |
Advertising costs | Advertising costs - Advertising costs are expensed when the advertisement or commercial appears in the selected media. |
Shipping and handling costs | Shipping and handling costs - The majority of shipping and handling, warehousing and internal transfer costs for finished goods are included in selling, general and administrative expenses. An exception to this is in the Pictures segment where such costs are charged to cost of sales as they are an integral part of producing and distributing motion pictures and television programming. All other costs related to Sony’s distribution network are included in cost of sales, including inbound freight charges, purchasing and receiving costs, inspection costs and warehousing costs for raw materials and in-process |
Income taxes | Income taxes - The provision for income taxes is computed based on the pretax income included in the consolidated statements of income, and the tax liability attributed to undistributed earnings of subsidiaries and affiliated companies accounted for by the equity method expected to be remitted in the foreseeable future. The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Carrying amounts of deferred tax assets require a reduction by a valuation allowance if, based on the available evidence, it is more likely than not that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed periodically with appropriate consideration given to all positive and negative evidence related to the realization of the deferred tax assets. Management’s judgments related to this assessment consider, among other matters, the nature, frequency and severity of current and cumulative losses on an individual tax jurisdiction basis, forecasts of future profitability after consideration of uncertain tax positions, excess of appreciated asset value over the tax basis of net assets, the duration of statutory carryforward periods, the past utilization of net operating loss carryforwards prior to expiration, as well as prudent and feasible tax planning strategies which would be employed by Sony to prevent net operating loss and tax credit carryforwards from expiring unutilized. Sony records assets and liabilities for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Sony continues to recognize interest and penalties, if any, with respect to income taxes, including unrecognized tax benefits, as interest expense and as income tax expense, respectively, in the consolidated statements of income. The amount of income taxes Sony pays is subject to ongoing audits by various taxing authorities, which may result in proposed assessments. In addition, several significant items related to intercompany transfer pricing are currently the subject of negotiations between taxing authorities in different jurisdictions as a result of pending advance pricing agreement applications and competent authority requests. Sony’s estimate for the potential outcome for any uncertain tax issues is judgmental and requires significant estimates. Sony assesses its income tax positions and records tax benefits for all years subject to examinations based upon the evaluation of the facts, circumstances and information available at that reporting date. For those tax positions for which it is more likely than not that a tax benefit will be sustained, Sony records the amount that has a greater than 50% likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. If Sony does not believe that it is more likely than not that a tax benefit will be sustained, no tax benefit is recognized. However, Sony’s future results may include favorable or unfavorable adjustments to Sony’s estimated tax liabilities due to closure of income tax examinations, the outcome of negotiations between taxing authorities in different jurisdictions, new regulatory or judicial pronouncements or other relevant events. As a result, the amount of unrecognized tax benefits, and the effective tax rate, may fluctuate significantly. The impact of the U.S. Tax Cuts and Jobs Act of 2017 (the “U.S. Tax Reform Act”) was recorded on a provisional basis as defined in Staff Accounting Bulletin No. 118 (“SAB 118”) in the fiscal year ended March 31, 2018. Additional guidance was issued by the U.S. Department of the Treasury on several provisions including the computation of the transition tax on historic foreign earnings. Further analysis was performed and conclusions reached as part of the tax return filing process. Sony completed its accounting analysis and no material difference to the provisional amount was recorded in the fiscal year ended March 31, 2019. The U.S. Tax Reform Act subjects a U.S. entity to tax on Global Intangible Low Tax Income (“GILTI”) earned by its foreign subsidiaries. Sony has elected to account for GILTI as a current period expense when incurred. |
Net income (loss) attributable to Sony Corporation's stockholders per share ("EPS") | Net income (loss) attributable to Sony Corporation’s stockholders per share (“EPS”) - Basic EPS is computed based on the weighted-average number of shares of common stock outstanding during each period. The computation of diluted EPS reflects the maximum possible dilution from conversion, exercise, or contingent issuance of securities. All potentially dilutive securities are excluded from the calculation in a situation where there is a net loss attributable to Sony Corporation’s stockholders. |
Recently adopted accounting pronouncements | (2) Recently adopted accounting pronouncements Revenue from contracts with customers - In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 This ASU was effective for Sony as of April 1, 2018, and has been applied on a modified retrospective basis. Sony applied this ASU to all open contracts existing as of April 1, 2018, recognizing in beginning retained earnings an adjustment for the cumulative effect of the change. Although the adoption of this ASU did not have a material impact on Sony’s results of operations and financial position, there are several areas where Sony’s revenue recognition changed as compared with historical U.S. GAAP. The more significant of these areas are as follows: In the Pictures segment, (1) licensing revenue associated with certain renewals or extensions of existing agreements for motion pictures and television programming is recognized at a later point in time, which is when the licensee can use and benefit from the content, instead of when the agreement is renewed or extended, and (2) licensing revenue associated with minimum guarantees for symbolic intellectual property (e.g., brands, trademarks and logos) is recognized over the license term instead of at the inception of the license term. In the MC segment, the incremental costs of obtaining contracts for the internet-related service business are recognized as assets and amortized to expense over the contract period. In addition, the ASU changed the presentation of certain items in the consolidated financial statements, such as sales returns, with no impact to the timing of the recognition of revenue or expense. The following chart illustrates the amounts by which each summarized income statement line item was affected by the adoption of this ASU: Yen in millions As Reported Adjustments of Without Adoption of Sales and operating revenue 8,665,687 (11,570 ) 8,677,257 Costs of sales 5,150,750 (19,018 ) 5,169,768 Selling, general and administrative 1,576,825 1,366 1,575,459 Others 1,043,877 — 1,043,877 Operating income 894,235 6,082 888,153 Recognition and measurement of financial assets and financial liabilities - In January 2016, the FASB issued ASU 2016-01 available-for-sale, Intra-entity transfers of assets other than inventory - In October 2016, the FASB issued ASU 2016-16, Changes to the opening balances resulting from the adoption of the above ASUs were as follows: Yen in millions March 31, 2018 Impact of Adoption April 1, 2018 ASU 2014-09 ASU 2016-01 ASU 2016-16 ASSETS Current assets: Notes and accounts receivable, trade 1,061,442 (2,993 ) — — 1,058,449 Allowance for doubtful accounts and sales returns* (48,663 ) 25,114 — — (23,549 ) Inventories 692,937 (12,404 ) — — 680,533 Other receivables 190,706 9,628 — — 200,334 Prepaid expenses and other current assets 516,744 (5,520 ) — — 511,224 Film costs 327,645 7,647 — — 335,292 Other assets: Deferred income taxes 96,772 (326 ) — — 96,446 Other 325,167 1,068 — — 326,235 Total assets 19,065,538 22,214 — — 19,087,752 LIABILITIES Current liabilities: Accounts payable, other and accrued expenses 1,514,433 (3,290 ) — — 1,511,143 Other* 610,792 31,777 — — 642,569 Deferred income taxes 449,863 — — (14,680 ) 435,183 Other 278,338 10,525 — — 288,863 Total liabilities 15,409,171 39,012 — (14,680 ) 15,433,503 EQUITY Retained earnings 1,440,387 (16,798 ) 15,526 9,248 1,448,363 Unrealized gains on securities, net 126,191 — (15,526 ) — 110,665 Noncontrolling interests 679,791 — — 5,432 685,223 Total equity 3,647,157 (16,798 ) — 14,680 3,645,039 Total liabilities and equity 19,065,538 22,214 — — 19,087,752 * Under ASU 2014-09, Sony presents sales returns as a liability instead of as a contra-asset allowance. Accordingly, Sony changed the presentation from “Allowance for doubtful accounts and sales returns” to “Allowance for doubtful accounts” on the consolidated balance sheet. Classification of certain cash receipts and cash payments - In August 2016, the FASB issued ASU 2016-15, Restricted cash - In November 2016, the FASB issued ASU 2016-18, Clarifying the definition of a business - In January 2017, the FASB issued ASU 2017-01 which clarifies the definition of a business. The ASU requires an entity to first determine whether substantially all of the fair value of a set of assets acquired is concentrated in either a single identifiable asset or a group of similar identifiable assets. If this criterion is met, the acquired set of assets is not deemed to be a business. If the criterion is not met, the entity must then evaluate whether the set of assets meets the requirement to be deemed a business. To be considered a business, the acquired set of assets would have to include an input and a substantive process that together significantly contribute to the ability to create outputs. This ASU was effective for Sony as of April 1, 2018. The adoption of this ASU did not have a material impact on Sony’s results of operations and financial position. Presentation of net periodic pension and postretirement benefit costs - In March 2017, the FASB issued ASU 2017-07, |
Recent accounting pronouncements not yet adopted | (3) Recent accounting pronouncements not yet adopted Leases - In February 2016, the FASB issued ASU 2016-02, Measurement of credit losses on financial instruments - In June 2016, the FASB issued ASU 2016-13, Premium amortization on purchased callable debt securities - In March 2017, the FASB issued ASU 2017-08, which requires certain premiums on callable debt securities to be amortized to the earliest call date. The amortization period for callable debt securities purchased at a discount will not be affected. This ASU is effective for Sony as of April 1, 2019. The adoption of this ASU is not expected to have a material impact on Sony’s results of operations and financial position. Targeted improvements to accounting for hedging activities - In August 2017, the FASB issued ASU 2017-12, non-financial Improvements to Accounting for Costs of Films and License Agreements for Program Materials - In March 2019, the FASB issued ASU 2019-02. title-by-title Targeted Improvements to the Accounting for Long-Duration Contracts - In August 2018, the FASB issued ASU 2018-12, Disclosures for Fair Value Measurement - In August 2018, the FASB issued ASU 2018-13, Disclosures for Defined Benefit Plans - In August 2018, the FASB issued ASU 2018-14, |
Reclassifications | (4) Reclassifications Certain reclassifications of the financial statements and accompanying footnotes for the fiscal years ended March 31, 2017 and 2018 have been made to conform to the presentation for the fiscal year ended March 31, 2019. |
Summary of significant accoun_3
Summary of significant accounting policies (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Schedule of Impact on Company's Income Statement Due to Adoption of Accounting Pronouncements | The following chart illustrates the amounts by which each summarized income statement line item was affected by the adoption of this ASU: Yen in millions As Reported Adjustments of Without Adoption of Sales and operating revenue 8,665,687 (11,570 ) 8,677,257 Costs of sales 5,150,750 (19,018 ) 5,169,768 Selling, general and administrative 1,576,825 1,366 1,575,459 Others 1,043,877 — 1,043,877 Operating income 894,235 6,082 888,153 |
Schedule of New Accounting Pronouncement Balance Sheet | Changes to the opening balances resulting from the adoption of the above ASUs were as follows: Yen in millions March 31, 2018 Impact of Adoption April 1, 2018 ASU 2014-09 ASU 2016-01 ASU 2016-16 ASSETS Current assets: Notes and accounts receivable, trade 1,061,442 (2,993 ) — — 1,058,449 Allowance for doubtful accounts and sales returns* (48,663 ) 25,114 — — (23,549 ) Inventories 692,937 (12,404 ) — — 680,533 Other receivables 190,706 9,628 — — 200,334 Prepaid expenses and other current assets 516,744 (5,520 ) — — 511,224 Film costs 327,645 7,647 — — 335,292 Other assets: Deferred income taxes 96,772 (326 ) — — 96,446 Other 325,167 1,068 — — 326,235 Total assets 19,065,538 22,214 — — 19,087,752 LIABILITIES Current liabilities: Accounts payable, other and accrued expenses 1,514,433 (3,290 ) — — 1,511,143 Other* 610,792 31,777 — — 642,569 Deferred income taxes 449,863 — — (14,680 ) 435,183 Other 278,338 10,525 — — 288,863 Total liabilities 15,409,171 39,012 — (14,680 ) 15,433,503 EQUITY Retained earnings 1,440,387 (16,798 ) 15,526 9,248 1,448,363 Unrealized gains on securities, net 126,191 — (15,526 ) — 110,665 Noncontrolling interests 679,791 — — 5,432 685,223 Total equity 3,647,157 (16,798 ) — 14,680 3,645,039 Total liabilities and equity 19,065,538 22,214 — — 19,087,752 * Under ASU 2014-09, Sony presents sales returns as a liability instead of as a contra-asset allowance. Accordingly, Sony changed the presentation from “Allowance for doubtful accounts and sales returns” to “Allowance for doubtful accounts” on the consolidated balance sheet. |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Inventory Disclosure [Abstract] | |
Summary of Inventories | Inventories are comprised of the following: Yen in millions March 31 2018 2019 Finished products 422,461 407,295 Work in process 153,257 154,178 Raw materials, purchased components and supplies 117,219 91,805 Inventories 692,937 653,278 |
Film costs (Tables)
Film costs (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Other Industries [Abstract] | |
Summary of Film Costs | Film costs are comprised of the following: Yen in millions March 31 2018 2019 Motion picture productions: Released 81,755 87,158 Completed and not released 1,728 3,189 In production and development 78,868 130,736 Television productions: Released 127,790 144,316 In production and development 1,174 9,147 Broadcasting rights 72,125 70,401 Less: current portion of broadcasting rights included in inventories (35,795 ) (35,942 ) Film costs 327,645 409,005 |
Investments in affiliated com_2
Investments in affiliated companies (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summarized Combined Financial Information Provided by Equity Investees | The summarized combined financial information that is based on information provided by the equity investees including information for significant equity affiliates and the reconciliation of such information to the consolidated financial statements is shown below: Balance Sheets Yen in millions March 31 2018 2019 Current assets 404,658 355,320 Noncurrent assets 868,455 608,626 Current liabilities 273,067 188,905 Noncurrent liabilities and noncontrolling interests 768,007 584,714 Percentage of ownership in equity investees 20%-50 % 20%-50 % Statements of Income Yen in millions Fiscal year ended March 31 2017 2018 2019 Net revenues 387,229 468,933 390,457 Operating income 37,800 56,729 53,920 Net income attributable to controlling interests 11,529 27,301 5,539 Percentage of ownership in equity investees 20%-50 % 20%-50 % 20%-50 % |
Account Balances and Transactions with Affiliated Companies Accounted for under Equity Method | Account balances and transactions with affiliated companies accounted for under the equity method are presented below. There are no other material transactions or account balances with any other related parties. Yen in millions March 31 2018 2019 Accounts receivable, trade 15,516 12,404 Accounts payable, trade 2,568 1,087 Short-term borrowings 22,849 29,744 Capital lease obligations 13,294 20,265 Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales 31,238 45,415 41,437 Purchases 1,966 3,180 5,584 Lease payments 16,492 7,749 7,455 |
Marketable securities and sec_2
Marketable securities and securities investments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Aggregate Cost, Gross Unrealized Gains and Losses and Fair Value Pertaining to Available-for-Sale Securities and Held-to-Maturity Securities | Marketable securities and securities investments, primarily included in the Financial Services segment, are comprised of debt and equity securities for which the aggregate cost, gross unrealized gains and losses and fair value pertaining to available-for-sale held-to-maturity 2016-01 available-for-sale Yen in millions March 31, 2018 March 31, 2019 Cost Gross Gross Fair value Cost Gross Gross Fair value Available-for-sale: Debt securities: Japanese national government bonds 1,227,139 182,830 (359 ) 1,409,610 1,422,620 220,989 (20 ) 1,643,589 Japanese local government bonds 67,574 107 (112 ) 67,569 67,461 70 (34 ) 67,497 Japanese corporate bonds 199,880 9,844 (1,016 ) 208,708 202,433 17,178 (223 ) 219,388 Foreign government bonds 72,204 622 (3,287 ) 69,539 153,429 8,669 (603 ) 161,495 Foreign corporate bonds 365,457 1,649 (641 ) 366,465 360,299 944 (376 ) 360,867 Securitized products 99,349 1 (0 ) 99,350 190,111 1 — 190,112 Other — — — — 2,286 2,402 — 4,688 2,031,603 195,053 (5,415 ) 2,221,241 2,398,639 250,253 (1,256 ) 2,647,636 Equity securities 55,676 71,723 (776 ) 126,623 — — — — Held-to-maturity Japanese national government bonds 5,892,868 1,635,036 (20,890 ) 7,507,014 6,042,635 2,016,786 — 8,059,421 Japanese local government bonds 3,850 413 — 4,263 3,518 388 — 3,906 Japanese corporate bonds 345,818 16,912 (17,390 ) 345,340 409,329 44,348 (5,845 ) 447,832 Foreign government bonds 300,220 8,310 (18,570 ) 289,960 386,392 18,609 (13,742 ) 391,259 Foreign corporate bonds 198 13 — 211 198 11 — 209 6,542,954 1,660,684 (56,850 ) 8,146,788 6,842,072 2,080,142 (19,587 ) 8,902,627 Total 8,630,233 1,927,460 (63,041 ) 10,494,652 9,240,711 2,330,395 (20,843 ) 11,550,263 |
Cost and Fair Value of Debt Securities Classified as Available-for-Sale Securities and Held-to-Maturity Securities by Contractual Maturity | The following table presents the cost and fair value of debt securities classified as available-for-sale held-to-maturity Yen in millions March 31, 2019 Available-for-sale Held-to-maturity Cost Fair value Cost Fair value Due in one year or less 132,770 132,745 6,286 6,334 Due after one year through five years 455,624 462,682 37,281 40,085 Due after five years through ten years 476,261 552,287 393,787 453,310 Due after ten years 1,333,984 1,499,922 6,404,718 8,402,898 Total 2,398,639 2,647,636 6,842,072 8,902,627 |
Gross Unrealized Losses and Fair Value of Securities with Unrealized Losses, Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position | The following tables present the gross unrealized losses on, and fair value of, Sony’s investment securities with unrealized losses, aggregated by investment category and the length of time that individual investment securities have been in a continuous unrealized loss position, at March 31, 2018 and 2019. Sony adopted ASU 2016-01 available-for-sale Yen in millions March 31, 2018 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: Debt securities: Japanese national government bonds 10,118 (11 ) 32,836 (348 ) 42,954 (359 ) Japanese local government bonds 9,324 (11 ) 14,729 (101 ) 24,053 (112 ) Japanese corporate bonds 11,046 (10 ) 64,119 (1,006 ) 75,165 (1,016 ) Foreign government bonds 40,156 (2,281 ) 7,752 (1,006 ) 47,908 (3,287 ) Foreign corporate bonds 34,840 (69 ) 21,191 (572 ) 56,031 (641 ) Securitized products 1,840 (0 ) 315 (0 ) 2,155 (0 ) 107,324 (2,382 ) 140,942 (3,033 ) 248,266 (5,415 ) Equity securities 13,859 (776 ) 15 (0 ) 13,874 (776 ) Held-to-maturity Japanese national government bonds — — 304,564 (20,890 ) 304,564 (20,890 ) Japanese local government bonds — — — — — — Japanese corporate bonds — — 174,815 (17,390 ) 174,815 (17,390 ) Foreign government bonds 20,448 (704 ) 134,230 (17,866 ) 154,678 (18,570 ) Foreign corporate bonds — — — — — — 20,448 (704 ) 613,609 (56,146 ) 634,057 (56,850 ) Total 141,631 (3,862 ) 754,566 (59,179 ) 896,197 (63,041 ) Yen in millions March 31, 2019 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: Debt securities: Japanese national government bonds — — 4,063 (20 ) 4,063 (20 ) Japanese local government bonds 27,404 (29 ) 4,872 (5 ) 32,276 (34 ) Japanese corporate bonds 25,725 (21 ) 19,925 (202 ) 45,650 (223 ) Foreign government bonds — — 15,878 (603 ) 15,878 (603 ) Foreign corporate bonds 50,281 (117 ) 15,455 (259 ) 65,736 (376 ) Securitized products — — — — — — Other — — — — — — 103,410 (167 ) 60,193 (1,089 ) 163,603 (1,256 ) Held-to-maturity Japanese national government bonds — — — — — — Japanese local government bonds — — — — — — Japanese corporate bonds — — 97,984 (5,845 ) 97,984 (5,845 ) Foreign government bonds — — 151,229 (13,742 ) 151,229 (13,742 ) Foreign corporate bonds — — — — — — — — 249,213 (19,587 ) 249,213 (19,587 ) Total 103,410 (167 ) 309,406 (20,676 ) 412,816 (20,843 ) |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leased Assets under Capital Leases | Leased assets under capital leases are comprised of the following: Yen in millions March 31 Class of property 2018 2019 Machinery, equipment and others 93,491 92,915 Buildings 6,639 29,089 Accumulated amortization (58,861 ) (61,349 ) 41,269 60,655 |
Future Minimum Lease Payments under Capital Leases with Present Value of Net Minimum Lease Payments | The following is a schedule by fiscal year of the future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of March 31, 2019: Fiscal year ending March 31 Yen in millions 2020 36,195 2021 10,429 2022 6,454 2023 5,246 2024 3,448 Later fiscal years 15,441 Total minimum lease payments 77,213 Less — Amount representing interest 8,385 Present value of net minimum lease payments 68,828 Less — Current obligations 35,144 Long-term capital lease obligations 33,684 |
Minimum Rental Payments Required under Operating Leases that have Initial or Remaining Noncancelable Lease Terms in Excess of One Year | The minimum rental payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year at March 31, 2019 are as follows: Fiscal year ending March 31 Yen in millions 2020 58,901 2021 48,823 2022 34,726 2023 25,355 2024 22,152 Later fiscal years 78,507 Total minimum future rentals 268,464 |
Goodwill and other intangible_2
Goodwill and other intangible assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Acquired Intangible Assets other than Goodwill and Weighted-Average Amortization Period | Intangible assets other than goodwill acquired during the fiscal year ended March 31, 2019 totaled 523,504 million yen, of which 523,494 million yen is subject to amortization, and are comprised of the following: Intangible assets acquired during the fiscal year Weighted-average Yen in millions Years Patent rights, know-how 1,728 6 Software to be sold, leased or otherwise marketed 17,114 3 Internal-use 72,730 4 Music catalogs * 412,575 43 Artist contracts 13,847 27 Other 5,500 9 * Includes music catalogs relating to EMI Music Publishing acquisition. Refer to Note 25. |
Intangible Assets Subject to Amortization | Intangible assets subject to amortization are comprised of the following: Yen in millions March 31, 2018 March 31, 2019 Gross carrying Accumulated Gross carrying Accumulated Patent rights, know-how 175,980 (142,724 ) 169,761 (145,525 ) Customer relationships 18,881 (7,615 ) 15,759 (11,825 ) Trademarks 16,310 (8,451 ) 15,768 (9,863 ) Software to be sold, leased or otherwise marketed 123,269 (92,457 ) 125,350 (96,322 ) Internal-use 494,649 (315,516 ) 529,022 (345,935 ) Music catalogs 207,789 (94,210 ) 615,206 (106,725 ) Artist contracts 28,534 (27,650 ) 42,575 (29,108 ) Television carriage contracts (broadcasting agreements) 74,258 (25,884 ) 74,605 (28,685 ) Other 58,543 (47,586 ) 61,675 (49,288 ) Total 1,198,213 (762,093 ) 1,649,721 (823,276 ) |
Estimated Aggregate Amortization Expense for Intangible Assets | and 109,452 million yen, respectively. The estimated aggregate amortization expense for intangible assets for the next five fiscal years is as follows: Fiscal year ending March 31 Yen in millions 2020 100,631 2021 84,220 2022 64,747 2023 49,941 2024 34,907 |
Total Carrying Amount of Intangible Assets having Indefinite Life | Total carrying amount of intangible assets having an indefinite life are comprised of the following: Yen in millions March 31 2018 2019 Trademarks 68,922 69,447 Distribution agreements 18,834 18,834 Other 3,292 3,240 Total 91,048 91,521 |
Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill by segment for the fiscal years ended March 31, 2018 and 2019 are as follows: Yen in millions G&NS Music Pictures HE&S IP&S MC Semiconductors Financial All Other Total Balance, March 31, 2017: Goodwill — gross 151,938 166,416 246,085 5,320 8,451 179,331 48,069 3,081 28,842 837,533 Accumulated impairments — (306 ) (107,932 ) (5,320 ) (300 ) (176,045 ) — (706 ) (24,386 ) (314,995 ) Goodwill 151,938 166,110 138,153 — 8,151 3,286 48,069 2,375 4,456 522,538 Increase (decrease) due to: Acquisitions — 2,877 12,842 — 1,204 — — 4,850 — 21,773 Sales and dispositions — (121 ) — — — — — — — (121 ) Impairments — — — — — — — — — — Translation adjustments (1,332 ) (3,472 ) (6,583 ) — 162 — (1,072 ) — (85 ) (12,382 ) Other — — — — — — (1,204 ) — (112 ) (1,316 ) Balance, March 31, 2018: Goodwill — gross 150,606 165,700 246,620 5,320 9,817 179,331 45,793 7,931 27,912 839,030 Accumulated impairments — (306 ) (102,208 ) (5,320 ) (300 ) (176,045 ) — (706 ) (23,653 ) (308,538 ) Goodwill 150,606 165,394 144,412 — 9,517 3,286 45,793 7,225 4,259 530,492 Increase (decrease) due to: Acquisitions* 2,261 240,396 387 — — — — — — 243,044 Sales and dispositions — — — — — — — — — — Impairments — — — — (776 ) — — — (4,331 ) (5,107 ) Translation adjustments 1,088 (2,420 ) 3,673 — (73 ) — 771 — 72 3,111 Other — — (2,988 ) — — — — — — (2,988 ) Balance, March 31, 2019: Goodwill — gross 153,955 403,676 252,262 5,320 9,765 179,331 46,564 7,931 28,570 1,087,374 Accumulated impairments — (306 ) (106,778 ) (5,320 ) (1,097 ) (176,045 ) — (706 ) (28,570 ) (318,822 ) Goodwill 153,955 403,370 145,484 — 8,668 3,286 46,564 7,225 — 768,552 * Acquisitions for the fiscal year ended March 31, 2019 relate mainly to EMI Music Publishing acquisition in the Music segment. Refer to Note 25. |
Insurance-related accounts (Tab
Insurance-related accounts (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Insurance [Abstract] | |
Policyholders' Account in Life Insurance Business | Policyholders’ account in the life insurance business is comprised of the following: Yen in millions March 31 2018 2019 Universal life insurance 1,951,906 2,104,646 Investment contracts 738,404 816,903 Other 130,392 126,653 Total 2,820,702 3,048,202 |
Short-term borrowings and lon_2
Short-term borrowings and long-term debt (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | Short-term borrowings are comprised of the following: Yen in millions March 31 2018 2019 Unsecured loans: with a weighted-average interest rate of 3.95% 64,480 with a weighted-average interest rate of 2.52% 55,186 Secured loans: with a weighted-average interest rate of 0.12% 27 Repurchase agreement: with a weighted-average interest rate of 0.18% 335,586 with a weighted-average interest rate of 0.56% 432,820 Secured call money: with a weighted-average interest rate of (0.07)% 96,000 with a weighted-average interest rate of 0.18% 130,612 496,093 618,618 |
Long-Term Debt | Long-term debt is comprised of the following: Yen in millions March 31 2018 2019 Unsecured loans, representing obligations principally to banks: Due 2018 to 2024, with interest rates ranging from 0.01% to 5.10% per annum 49,454 Due 2019 to 2024, with interest rates ranging from 0.01 % to 7.89 % per annum 57,321 Unsecured 0.86% bonds, due 2018 150,000 Unsecured 2.00% bonds, due 2018 16,300 Unsecured 0.05% bonds, due 2019 69,879 69,964 Unsecured 2.07% bonds, due 2019 50,000 50,000 Unsecured 0.23% bonds, due 2021 89,744 89,819 Unsecured 0.11% bonds, due 2022 10,000 10,000 Unsecured 1.41% bonds, due 2022 10,000 10,000 Unsecured 0.28% bonds, due 2023 15,000 15,000 Unsecured 0.22% bonds, due 2025 10,000 10,000 Unsecured 0.42% bonds, due 2026 24,899 24,911 Unsecured zero coupon convertible bonds, due 2022, conversion price 5,008.0 yen per common share 119,976 119,961 Secured 0.00% loans, due 2019 to 2022 170,002 Secured 0.00% loans, due 2020 to 2023 200,003 Capital lease obligations and other: Due 2018 to 2047, with interest rates ranging from 0.36% to 11.88% per annum 52,929 Due 2019 to 2048, with interest rates ranging from 0.36% to 9.14% per annum 72,991 Guarantee deposits received 10,790 10,863 848,973 740,833 Less — Portion due within one year 225,522 172,461 623,451 568,372 |
Aggregate Amounts of Annual Maturities of Long-Term Debt | Aggregate amounts of annual maturities of long-term debt are as follows: Fiscal year ending March 31 Yen in millions 2020 172,461 2021 41,466 2022 186,004 2023 227,987 2024 18,102 Later fiscal years 94,813 Total 740,833 |
Housing loans and deposits fr_2
Housing loans and deposits from customers in the banking business (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Banking and Thrift [Abstract] | |
Aggregate Amounts of Annual Maturities of Time Deposits with Remaining Term of More Than One Year | At March 31, 2019, aggregate amounts of annual maturities of time deposits with a remaining term of more than one year are as follows: Fiscal year ending March 31 Yen in millions 2021 66,796 2022 15,513 2023 11,083 2024 10,813 2025 2,530 Later fiscal years 25,047 Total 131,782 |
Fair value measurements (Tables
Fair value measurements (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Assets and Liabilities Measured on Recurring Basis | The fair value of Sony’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2018 and 2019 are as follows. Sony adopted ASU 2016-01 Yen in millions March 31, 2018 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities Other liabilities Other liabilities Assets: Trading securities 712,113 335,949 — 1,048,062 1,048,062 — — — Available-for-sale Debt securities Japanese national government bonds — 1,409,610 — 1,409,610 20,473 1,389,137 — — Japanese local government bonds — 67,569 — 67,569 8,548 59,021 — — Japanese corporate bonds — 208,708 — 208,708 8,041 200,667 — — Foreign government bonds *1 — 69,539 — 69,539 — 69,539 — — Foreign corporate bonds *2 — 338,587 27,878 366,465 88,228 278,237 — — Securitized products *3 — 15,736 83,614 99,350 — 99,350 — — Equity securities 126,330 293 — 126,623 — 126,623 — — Other investments *4 6,192 5,099 9,104 20,395 — 20,395 — — Derivative assets *5 2,194 37,332 — 39,526 — — 37,003 2,523 Total assets 846,829 2,488,422 120,596 3,455,847 1,173,352 2,242,969 37,003 2,523 Liabilities: Derivative liabilities *5 1,407 34,317 — 35,724 — — 20,550 15,174 Total liabilities 1,407 34,317 — 35,724 — — 20,550 15,174 Yen in millions March 31, 2019 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities Other liabilities Other liabilities Assets: Debt securities Trading securities 22,105 212,012 — 234,117 234,117 — — — Available-for-sale Japanese national government bonds — 1,643,589 — 1,643,589 18,719 1,624,870 — — Japanese local government bonds — 67,497 — 67,497 7,768 59,729 — — Japanese corporate bonds — 219,388 — 219,388 11,472 207,916 — — Foreign government bonds *1 — 161,495 — 161,495 3,984 157,511 — — Foreign corporate bonds *2 — 338,163 22,704 360,867 90,801 270,066 — — Securitized products *3 — 25,029 165,083 190,112 — 190,112 — — Other — 4,688 — 4,688 — 4,688 — — Equity securities 1,037,100 135,794 — 1,172,894 951,390 221,504 — — Other investments *4 5,489 1,507 6,918 13,914 — 13,914 — — Derivative assets *5 444 10,042 — 10,486 — — 9,431 1,055 Total assets 1,065,138 2,819,204 194,705 4,079,047 1,318,251 2,750,310 9,431 1,055 Liabilities: Derivative liabilities *5 136 32,686 — 32,822 — — 19,852 12,970 Total liabilities 136 32,686 — 32,822 — — 19,852 12,970 *1 2,875 million yen and 4,910 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 for the fiscal years ended March 31, 2018 and 2019, respectively, and are included in the consolidated balance sheets as securities investments and other. *2 160,470 million yen and 173,964 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 for the fiscal years ended March 31, 2018 and 2019, respectively. In the consolidated balance sheets, 25,955 million yen and 33,391 million yen are included as marketable securities and 134,515 million yen and 140,573 million yen are included as securities investment and other for the fiscal years ended March 31, 2018 and 2019, respectively. *3 93,971 million yen and 185,195 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 and level 3 for the fiscal years ended March 31, 2018 and 2019, respectively, and are included in the consolidated balance sheets as securities investments and other. *4 Other investments include certain hybrid financial instruments and certain private equity investments. *5 Derivative assets and liabilities are recognized and disclosed on a gross basis. *6 Net gains of 544 million yen and 85 million yen arising from financial instruments for which the fair value option has been elected are included in financial services revenue in the consolidated statements of income for the fiscal years ended March 31, 2018 and 2019, respectively. |
Changes in Fair Value of Level Three Assets and Liabilities | The changes in fair value of level 3 assets and liabilities for the fiscal years ended March 31, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31, 2018 Assets Available-for-sale Debt securities Japanese Foreign Securitized Other investments Beginning balance 1,310 41,177 15,192 10,483 Total realized and unrealized gains (losses): Included in earnings *1 — (307 ) (3,032 ) (65 ) Included in other comprehensive income (loss) *2 — (84 ) 1 (489 ) Purchases — 12,604 74,736 139 Sales — — — (10 ) Settlements — (18,540 ) (3,283 ) (954 ) Transfers into level 3 *3 — — — — Transfers out of level 3 *4 (1,310 ) (6,972 ) — — Ending balance — 27,878 83,614 9,104 Changes in unrealized gains (losses) relating to instruments still held at reporting date: Included in earnings *1 — (468 ) (2,278 ) (65 ) Yen in millions Fiscal year ended March 31, 2019 Assets Available-for-sale Debt securities Japanese Foreign Securitized Other investments Beginning balance — 27,878 83,614 9,104 Total realized and unrealized gains (losses): Included in earnings *1 — 465 562 276 Included in other comprehensive income (loss) *2 — 131 1 — Purchases — 5,787 94,696 4 Sales — — — (6 ) Settlements — (10,435 ) (13,601 ) (2,460 ) Transfers into level 3 *3 — 20,863 5,284 — Transfers out of level 3 *4 — (21,985 ) (5,473 ) — Ending balance — 22,704 165,083 6,918 Changes in unrealized gains (losses) relating to instruments still held at reporting date: Included in earnings *1 — 219 510 441 *1 Earning effects are included in financial services revenue in the consolidated statements of income. *2 Unrealized gains (losses) are included in unrealized gains (losses) on securities in the consolidated statements of comprehensive income. *3 Certain corporate bonds and certain securitized products were transferred into level 3 because differences between the fair value determined by indicative quotes from dealers and the fair value determined by internally developed prices became significant and the observability of the inputs used decreased. *4 Certain corporate bonds and certain securitized products were transferred out of level 3 because observable market data became available. |
Assets and Liabilities Remeasured at Fair Value on a Nonrecurring Basis | During the fiscal years ended March 31, 2018 and 2019, such remeasurements to fair value related primarily to the following: During the fiscal year ended March 31, 2018 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 19,375 (53,741 ) (53,741 ) During the fiscal year ended March 31, 2019 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 4,389 (44,135 ) Goodwill impairment — — 0 (5,107 ) (49,242 ) |
Estimated Fair Values by Fair Value Hierarchy Level of Certain Financial Instruments not Reported at Fair Value | The estimated fair values by fair value hierarchy level of certain financial instruments that are not reported at fair value are summarized as follows: Yen in millions March 31, 2018 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,686,842 — 1,686,842 1,522,415 Total assets — 1,686,842 — 1,686,842 1,522,415 Liabilities: Long-term debt including the current portion — 877,576 — 877,576 848,973 Investment contracts included in policyholders’ account in the life insurance business — 766,558 — 766,558 738,404 Total liabilities — 1,644,134 — 1,644,134 1,587,377 Yen in millions March 31, 2019 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,861,384 — 1,861,384 1,685,504 Total assets — 1,861,384 — 1,861,384 1,685,504 Liabilities: Long-term debt including the current portion — 737,529 — 737,529 740,833 Investment contracts included in policyholders’ account in the life insurance business — 877,157 — 877,157 816,903 Total liabilities — 1,614,686 — 1,614,686 1,557,736 |
Derivative instruments and he_2
Derivative instruments and hedging activities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Summary of Estimated Fair Values of Outstanding Derivative Instruments | The estimated fair values of Sony’s outstanding derivative instruments are summarized as follows: Derivatives designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2018 2019 Liability derivatives 2018 2019 Interest rate contracts Prepaid expenses and other current assets 12 10 Current liabilities: Other 160 141 Interest rate contracts Other assets: Other 286 101 Liabilities: Other 10,281 8,274 Foreign exchange contracts Prepaid expenses and other current assets 48 131 Current liabilities: Other 1,535 42 346 242 11,976 8,457 Derivatives not designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2018 2019 Liability derivatives 2018 2019 Interest rate contracts Prepaid expenses and other current assets 12 39 Current liabilities: Other 299 344 Interest rate contracts Other assets: Other 1,871 882 Liabilities: Other 3,612 3,637 Foreign exchange contracts Prepaid expenses and other current assets 34,737 8,807 Current liabilities: Other 17,149 11,549 Foreign exchange contracts Other assets: Other 366 72 Liabilities: Other 1,281 1,059 Equity contracts Prepaid expenses and other current assets 2,194 444 Current liabilities: Other 1,407 7,776 39,180 10,244 23,748 24,365 Total derivatives 39,526 10,486 35,724 32,822 |
Effects of Derivative Instruments on Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | Presented below are the effects of derivative instruments on the consolidated statements of income and the consolidated statements of comprehensive income for the fiscal years ended March 31, 2017, 2018 and 2019. Derivatives under fair value Yen in millions Location of gains or (losses) recognized Amounts of gains or (losses) recognized Fiscal year ended March 31 2017 2018 2019 Interest rate contracts Financial services revenue 1,967 (52 ) (1,835 ) Foreign exchange contracts Foreign exchange loss, net (31 ) — — Total 1,936 (52 ) (1,835 ) Yen in millions Derivatives under cash flow hedging relationships Affected line item in consolidated Fiscal year ended March 31 2017 2018 2019 Amounts recognized in unrealized Foreign exchange contracts — 6,715 (2,295 ) 2,315 Total 6,715 (2,295 ) 2,315 Amounts reclassified from Foreign exchange contracts Cost of sales (5,583 ) 1,111 (1,093 ) Total (5,583 ) 1,111 (1,093 ) Derivatives not designated as Yen in millions Location of gains or (losses) recognized in Amounts of gains or (losses) Fiscal year ended March 31 2017 2018 2019 Interest rate contracts Financial services revenue (935 ) (1,544 ) (3,192 ) Foreign exchange contracts Financial services revenue (5,365 ) 2,013 (8,198 ) Foreign exchange contracts Foreign exchange loss, net 12,339 21,370 (7,437 ) Equity contracts Financial services revenue (18,597 ) (11,665 ) (7,649 ) Total (12,558 ) 10,174 (26,476 ) |
Summary of Derivatives Additional Information Including Notional Amounts | The following table summarizes additional information, including notional amounts, for each type of derivative: Yen in millions March 31, 2018 March 31, 2019 Notional Fair Notional Fair Foreign exchange contracts: Foreign exchange forward contracts 1,105,393 7,071 701,880 (304 ) Currency option contracts purchased 206 1 53,846 179 Currency option contracts written 156 (1 ) 58,825 (35 ) Currency swap agreements 1,230,254 4,613 959,777 (5,564 ) Other currency contracts 84,623 3,502 68,513 2,084 Interest rate contracts: Interest rate swap agreements 398,291 (12,171 ) 339,934 (11,346 ) Interest rate swaption agreements — — 5,300 (18 ) Equity contracts: Equity future contracts 106,876 787 58,725 308 Equity swap agreements — — 63,107 (7,640 ) |
Summary of Effects of Offsetting Derivative Assets, Derivative Liabilities, Financial Assets and Financial Liabilities | Presented below are the effects of offsetting derivative assets, derivative liabilities, financial assets and financial liabilities as of March 31, 2018 and 2019. Yen in millions As of March 31, 2018 Gross amounts Gross amounts not offset in the subject to master netting agreements Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 15,404 7,724 449 7,231 Derivative assets not subject to master netting agreements 24,122 24,122 Total assets 39,526 7,724 449 31,353 Derivative liabilities subject to master netting agreements 34,455 8,326 14,334 11,795 Derivative liabilities not subject to master netting agreements 1,269 1,269 Repurchase, securities lending and similar arrangements 335,586 334,246 — 1,340 Total liabilities 371,310 342,572 14,334 14,404 Yen in millions As of March 31, 2019 Gross amounts Gross amounts not offset in the consolidated balance sheet that are subject to master netting agreements Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 6,855 3,442 136 3,277 Derivative assets not subject to master netting agreements 3,631 3,631 Total assets 10,486 3,442 136 6,908 Derivative liabilities subject to master netting agreements 25,872 3,970 20,191 1,711 Derivative liabilities not subject to master netting agreements 6,950 6,950 Repurchase, securities lending and similar arrangements 432,820 432,820 — — Total liabilities 465,642 436,790 20,191 8,661 |
Pension and severance plans (Ta
Pension and severance plans (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Retirement Benefits [Abstract] | |
Components of Net Periodic Benefit Costs | The components of net periodic benefit costs for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Japanese plans: Yen in millions Fiscal year ended March 31 2017 2018 2019 Service cost 26,811 25,185 23,128 Interest cost 5,912 8,024 7,020 Expected return on plan assets (17,829 ) (16,440 ) (16,695 ) Recognized actuarial loss 20,436 16,099 15,365 Amortization of prior service costs (9,490 ) (8,693 ) (7,864 ) Net periodic benefit costs 25,840 24,175 20,954 Foreign plans: Yen in millions Fiscal year ended March 31 2017 2018 2019 Service cost 2,958 3,181 2,780 Interest cost 10,426 10,393 10,083 Expected return on plan assets (11,000 ) (11,687 ) (11,797 ) Amortization of net transition asset 9 5 — Recognized actuarial loss 2,552 3,014 2,656 Amortization of prior service costs (463 ) (574 ) (269 ) Losses on curtailments and settlements 43 1,058 1,804 Net periodic benefit costs 4,525 5,390 5,257 |
Changes in Benefit Obligation and Plan Assets as well as Funded Status and Composition of Amounts Recognized in Consolidated Balance Sheets | The changes in the benefit obligation and plan assets as well as the funded status and composition of amounts recognized in the consolidated balance sheets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Change in benefit obligation: Benefit obligation at beginning of the fiscal year 1,004,676 1,010,574 352,442 356,397 Service cost 25,185 23,128 3,181 2,780 Interest cost 8,024 7,020 10,393 10,083 Plan participants’ contributions — — 573 462 Actuarial loss 21,920 29,295 663 1,700 Foreign currency exchange rate changes — — 8,858 (1,554 ) Curtailments and settlements — — (5,422 ) (6,120 ) Effect of changes in consolidated subsidiaries — — — 1,947 Other (8 ) 6 — — Benefits paid (49,223 ) (35,069 ) (14,291 ) (13,777 ) Benefit obligation at end of the fiscal year 1,010,574 1,034,954 356,397 351,918 Change in plan assets: Fair value of plan assets at beginning of the fiscal year 699,008 711,077 259,177 269,745 Actual return on plan assets 38,896 18,701 13,426 15,243 Foreign currency exchange rate changes — — 6,181 (838 ) Employer contribution 6,090 36,875 9,040 8,542 Plan participants’ contributions — — 573 462 Curtailments and settlements — — (5,285 ) (5,960 ) Benefits paid (32,917 ) (24,449 ) (13,367 ) (12,445 ) Fair value of plan assets at end of the fiscal year 711,077 742,204 269,745 274,749 Funded status at end of the fiscal year (299,497 ) (292,750 ) (86,652 ) (77,169 ) |
Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Noncurrent assets 3,426 3,476 8,396 14,745 Current liabilities — — (4,121 ) (4,412 ) Noncurrent liabilities (302,923 ) (296,226 ) (90,927 ) (87,502 ) Ending balance (299,497 ) (292,750 ) (86,652 ) (77,169 ) |
Amounts Recognized in Accumulated Other Comprehensive Income, Excluding Tax Effect | Amounts recognized in accumulated other comprehensive income, excluding tax effects, consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Prior service cost (credit) (16,723 ) (8,859 ) (488 ) (45 ) Net actuarial loss 299,852 311,128 73,404 71,906 Ending balance 283,129 302,269 72,916 71,861 |
Accumulated Benefit Obligations for All Defined Benefit Pension Plans | The accumulated benefit obligations for all defined benefit pension plans were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Accumulated benefit obligations 1,005,557 1,029,910 340,353 336,185 |
Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | The projected benefit obligations, the accumulated benefit obligations and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2018 2019 2018 2019 Projected benefit obligations 998,629 1,022,235 301,046 200,596 Accumulated benefit obligations 993,612 1,017,191 293,834 196,928 Fair value of plan assets 695,706 726,009 215,510 123,937 |
Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Costs | Weighted-average assumptions used to determine benefit obligations as of March 31, 2018 and 2019 were as follows: Japanese plans Foreign plans March 31 March 31 2018 2019 2018 2019 Discount rate 0.8 % 0.6 % 2.9 % 2.8 % Rate of compensation increase * * 2.6 2.3 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. Weighted-average assumptions used to determine the net periodic benefit costs for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Japanese plans Foreign plans Fiscal year ended March 31 Fiscal year ended March 31 2017 2018 2019 2017 2018 2019 Discount rate 0.6 % 0.9 % 0.8 % 3.2 % 3.1 % 2.9 % Expected return on plan assets 2.7 2.4 2.6 4.8 4.6 4.4 Rate of compensation increase * * * 2.8 2.4 2.6 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. |
Fair Values of Assets Held by Japanese and Foreign Plans | The fair values of the assets held by Japanese and foreign plans, which are classified in accordance with the fair value hierarchy described in Note 2, are as follows: Japanese plans Yen in millions Fair value at March 31, 2018 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 9,446 9,446 — — Equity: Equity securities *1 138,443 134,091 4,352 — Fixed income: Government bonds *2 225,879 — 225,879 — Corporate bonds *3 79,323 — 79,323 — Asset-backed securities *4 121 — 121 — Commingled funds *5 122,950 — 122,950 — Commodity funds *6 21,136 — 21,136 — Private equity *7 24,144 — — 24,144 Hedge funds *8 70,204 — — 70,204 Real estate and other *9 19,431 — — 19,431 Total 711,077 143,537 453,761 113,779 Japanese plans Yen in millions Fair value at March 31, 2019 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 10,689 10,689 — — Equity: — Equity securities *1 140,559 135,713 4,846 — Fixed income: — Government bonds *2 210,817 — 210,817 — Corporate bonds *3 97,519 — 97,519 — Asset-backed securities *4 1,537 — 1,537 — Commingled funds *5 138,455 — 138,455 — Commodity funds *6 21,674 — 21,674 — Private equity *7 27,956 — — 27,956 Hedge funds *8 71,606 — — 71,606 Real estate and other *9 21,392 — — 21,392 Total 742,204 146,402 474,848 120,954 *1 Includes approximately 52 percent and 51 percent of Japanese equity securities, and 48 percent and 49 percent of foreign equity securities for the fiscal years ended March 31, 2018 and 2019, respectively. *2 Includes approximately 49 percent and 48 percent of debt securities issued by Japanese national and local governments, and 51 percent and 52 percent of debt securities issued by foreign national and local governments for the fiscal years ended March 31, 2018 and 2019, respectively. *3 Includes debt securities issued by Japanese and foreign corporation and government related agencies. *4 Includes primarily mortgage-backed securities. *5 Commingled funds represent pooled institutional investments, including primarily investment trusts. They include approximately 51 percent and 50 percent of investments in equity, 48 percent and 49 percent of investments in fixed income, and 1 percent and 1 percent of investments in other for the fiscal years ended March 31, 2018 and 2019, respectively. *6 Represents commodity futures funds. *7 Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the United States and Europe. *8 Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. *9 Includes primarily private real estate investment trusts. Foreign plans Yen in millions Fair value at March 31, 2018 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 2,377 2,377 — — Equity: Equity securities *1 30,916 29,814 1,102 — Fixed income: Government bonds *2 78,129 — 78,129 — Corporate bonds *3 26,424 — 21,121 5,303 Asset-backed securities 960 — 960 — Insurance contracts *4 18,670 — 5,941 12,729 Commingled funds *5 75,785 — 75,785 — Real estate and other *6 36,484 — 10,508 25,976 Total 269,745 32,191 193,546 44,008 Foreign plans Yen in millions Fair value at March 31, 2019 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 4,340 4,340 — — Equity: Equity securities *1 23,766 23,113 653 — Fixed income: Government bonds *2 84,761 — 84,761 — Corporate bonds *3 32,749 — 32,749 — Asset-backed securities 1,115 — 1,115 — Insurance contracts *4 18,308 — 5,814 12,494 Commingled funds *5 76,503 — 76,503 — Real estate and other *6 33,207 — 11,118 22,089 Total 274,749 27,453 212,713 34,583 *1 Includes primarily foreign equity securities. *2 Includes primarily foreign government debt securities. *3 Includes primarily foreign corporate debt securities. *4 Represents annuity contracts with or without profit sharing. *5 Commingled funds represent pooled institutional investments including mutual funds, common trust funds, and collective investment funds. They are primarily comprised of foreign equities and fixed income investments. *6 Includes primarily private real estate investment trusts. |
Summary of Changes in Fair Values of Japanese and Foreign Plans' Level Three Assets | The following table sets forth a summary of changes in the fair values of Japanese and foreign plans’ level 3 assets for the fiscal years ended March 31, 2018 and 2019: Japanese plans Yen in millions Fair value measurement using significant unobservable inputs Private equity Hedge funds Real estate and other Total Beginning balance at April 1, 2017 21,790 67,235 17,925 106,950 Return on assets held at end of year 1,483 636 425 2,544 Purchases, sales, and settlements, net 871 2,333 1,081 4,285 Ending balance at March 31, 2018 24,144 70,204 19,431 113,779 Return on assets held at end of year 4,428 659 1,622 6,709 Purchases, sales, and settlements, net (616 ) 743 339 466 Ending balance at March 31, 2019 27,956 71,606 21,392 120,954 Foreign plans Yen in millions Fair value measurement using significant unobservable inputs Insurance Corporate bonds Real estate and other Total Beginning balance at April 1, 2017 — 6,926 22,929 29,855 Return on assets held at end of year — — 1,101 1,101 Purchases, sales, and settlements, net 12,651 (1,256 ) 12 11,407 Transfers, net — — 1,181 1,181 Other * 78 (367 ) 753 464 Ending balance at March 31, 2018 12,729 5,303 25,976 44,008 Return on assets held at end of year 736 — 559 1,295 Purchases, sales, and settlements, net (389 ) — (3,809 ) (4,198 ) Transfers, net — (5,540 ) 123 (5,417 ) Other * (582 ) 237 (760 ) (1,105 ) Ending balance at March 31, 2019 12,494 — 22,089 34,583 * Primarily consists of translation adjustments. |
Expected Future Benefit Payments | The expected future benefit payments are as follows: Japanese plans Foreign plans Fiscal year ending March 31 Yen in millions Yen in millions 2020 41,345 17,972 2021 40,700 17,892 2022 42,487 18,138 2023 43,740 18,896 2024 46,345 19,441 2025 — 2029 238,416 107,668 |
Total Defined Contribution Expenses | Total defined contribution expenses for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Japanese plans 3,412 3,237 3,353 Foreign plans 10,458 11,379 11,602 |
Stockholders' equity (Tables)
Stockholders' equity (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Changes in Number of Shares of Common Stock Issued and Outstanding | Changes in the number of shares of common stock issued and outstanding during the fiscal years ended March 31, 2017, 2018 and 2019 have resulted from the following: Number of shares Balance at March 31, 2016 1,262,493,760 Exercise of stock acquisition rights 1,269,900 Balance at March 31, 2017 1,263,763,660 Issuance of new shares 218,000 Exercise of stock acquisition rights 2,565,700 Conversion of convertible bonds 4,789 Balance at March 31, 2018 1,266,552,149 Issuance of new shares 149,900 Exercise of stock acquisition rights 4,525,300 Conversion of convertible bonds 2,992 Balance at March 31, 2019 1,271,230,341 |
Changes in Accumulated Other Comprehensive Income, Net of Tax | Changes in accumulated other comprehensive income, net of tax, by component for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2016 140,736 (1,198 ) (371,739 ) (421,117 ) (653,318 ) Other comprehensive income before reclassifications (27,007 ) 5,028 54,513 (17,988 ) 14,546 Amounts reclassified out of accumulated other comprehensive income (3,286 ) (3,888 ) 8,719 — 1,545 Net other comprehensive income (30,293 ) 1,140 63,232 (17,988 ) 16,091 Less: Other comprehensive income attributable to noncontrolling interests (16,192 ) — 229 (2,495 ) (18,458 ) Balance at March 31, 2017 126,635 (58 ) (308,736 ) (436,610 ) (618,769 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2017 126,635 (58 ) (308,736 ) (436,610 ) (618,769 ) Other comprehensive income before reclassifications 2,013 (2,295 ) 1,779 (4,480 ) (2,983 ) Amounts reclassified out of accumulated other comprehensive income * (943 ) 1,111 10,611 (1,855 ) 8,924 Net other comprehensive income 1,070 (1,184 ) 12,390 (6,335 ) 5,941 Less: Other comprehensive income attributable to noncontrolling interests 1,514 — 98 2,306 3,918 Balance at March 31, 2018 126,191 (1,242 ) (296,444 ) (445,251 ) (616,746 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2018 126,191 (1,242 ) (296,444 ) (445,251 ) (616,746 ) Cumulative effect of ASU2016-01 (15,526 ) — — — (15,526 ) Other comprehensive income before reclassifications 33,124 2,316 (23,448 ) 10,071 22,063 Amounts reclassified out of accumulated other comprehensive income * 161 (1,093 ) 9,488 (1,627 ) 6,929 Net other comprehensive income 33,285 1,223 (13,960 ) 8,444 28,992 Less: Other comprehensive income attributable to noncontrolling interests 8,915 — 53 (1,578 ) 7,390 Balance at March 31, 2019 135,035 (19 ) (310,457 ) (435,229 ) (610,670 ) * Foreign currency translation adjustments were transferred from accumulated other comprehensive income to net income as a result of a complete or substantially complete liquidation or sale of certain foreign subsidiaries and affiliates. |
Reclassifications Out of Accumulated Other Comprehensive Income | Reclassifications out of accumulated other comprehensive income for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Comprehensive income components Amounts reclassified from Affected line items in consolidated statements of income 2017 2018 2019 Unrealized gains (losses) on securities (4,560 ) (646 ) 235 Financial services revenue (30 ) (561 ) — Gain on sale of securities investments, net Total before tax (4,590 ) (1,207 ) 235 Tax expense or (benefit) 1,304 264 (74 ) Net of tax (3,286 ) (943 ) 161 Unrealized gains (losses) on derivative instruments (5,583 ) 1,111 (1,093 ) Cost of sales Total before tax (5,583 ) 1,111 (1,093 ) Tax expense or (benefit) 1,695 — — Net of tax (3,888 ) 1,111 (1,093 ) Pension liability adjustment 13,044 11,034 9,891 * Tax expense or (benefit) (4,325 ) (423 ) (403 ) Net of tax 8,719 10,611 9,488 Foreign currency translation adjustments — (1,855 ) (1,627 ) Foreign exchange loss, net and other operating (income) expense, net Tax expense or (benefit) — — — Net of tax — (1,855 ) (1,627 ) Total amounts reclassified out of accumulated other comprehensive income, net of tax 1,545 8,924 6,929 * The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. |
Net Income Attributable to Sony Corporation's Stockholders and Transfers (to) from Noncontrolling Interests | Net income attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests for the fiscal years ended March 31, 2017, 2018 and 2019 were as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Net income attributable to Sony Corporation’s stockholders 73,289 490,794 916,271 Transfers (to) from the noncontrolling interests: Decrease in additional paid-in (53,927 ) (74 ) (22,775 ) Change from net income attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests 19,362 490,720 893,496 |
Stock-based compensation plans
Stock-based compensation plans (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Weighted-Average Assumptions used to Determine Fair Value of Stock Acquisition Rights Granted | 2019 was 1,291 yen, 2,045 yen and 1,593 yen, respectively. The fair value of stock acquisition rights granted on the date of grant and used to recognize compensation expense for the fiscal years ended March 31, 2017, 2018 and 2019 was estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions: Fiscal year ended March 31 2017 2018 2019 Weighted-average assumptions Risk-free interest rate 1.10 % 1.14 % 1.37 % Expected lives 6.83 years 6.55 years 5.98 years Expected volatility * 40.00 % 38.49 % 32.52 % Expected dividends 0.66 % 0.40 % 0.35 % * Expected volatility was based on the historical volatilities of Sony Corporation’s common stock over the expected life of the stock acquisition rights. |
Summary of Activities Regarding Stock Acquisition Rights Plan | A summary of the activities regarding the stock acquisition rights plan during the fiscal year ended March 31, 2019 is as follows: Fiscal year ended March 31, 2019 Number of Weighted- Weighted- Total intrinsic value Yen Years Yen in millions Outstanding at beginning of the fiscal year 14,005,900 3,017 Granted 2,907,300 5,108 Exercised 4,525,300 2,819 Forfeited or expired 174,000 3,862 Outstanding at end of the fiscal year 12,213,900 3,665 7.46 11,133 Exercisable at end of the fiscal year 5,820,800 2,855 5.84 9,867 |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of Contract Assets and Contract Liabilities | Contract assets and contract liabilities are comprised of the following: Yen in millions April 1, 2018 March 31, 2019 Contract assets 15,241 19,147 Contract liabilities * 258,327 254,646 * Contract liabilities are included in the consolidated balance sheets as “Other”, both current and non-current. |
Summary of Remaining Performance Obligations that are Unsatisfied | usage-based royalty revenue on licenses of intellectual property. The following table shows the summary of the transaction prices allocated to remaining performance obligations that are unsatisfied at March 31, 2019, of which more than half are expected to be recognized within one year and substantially all within three years. Yen in millions March 31, 2019 Pictures — Motion Pictures and Television Productions * 1 476,197 Pictures — Media Networks 25,996 Music * 2 93,783 Others 45,597 *1 For Motion Pictures and Television Productions in the Pictures segment, Sony has included all contracts regardless of duration. *2 Amount included in the Music segment primarily consists of minimum royalty guarantees or fixed fees in contracts related to license revenue for ongoing access to an evolving library of content. These contracts also include sales-based or usage-based royalties that are excluded from the amount above, of which substantially all are recognized as revenue within three years. |
Schedule of Contract Costs | Contract costs are comprised as follows: Yen in millions April 1, 2018 March 31, 2019 Incremental costs of obtaining a contract 7,703 6,581 |
Restructuring charges (Tables)
Restructuring charges (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Restructuring and Related Activities [Abstract] | |
Changes in Accrued Restructuring Charges | The changes in the accrued restructuring charges for the fiscal years ended March 31, 2017, 2018 and 2019 are as follows: Yen in millions Employee Non-cash * Other Total Balance at March 31, 2016 22,531 — 11,735 34,266 Restructuring costs 9,854 42,717 7,142 59,713 Non-cash — (42,717 ) — (42,717 ) Cash payments (19,759 ) — (8,871 ) (28,630 ) Adjustments (992 ) — (839 ) (1,831 ) Balance at March 31, 2017 11,634 — 9,167 20,801 Restructuring costs 18,999 2,233 1,147 22,379 Non-cash — (2,233 ) — (2,233 ) Cash payments (9,950 ) — (6,352 ) (16,302 ) Adjustments (1,197 ) — 226 (971 ) Balance at March 31, 2018 19,486 — 4,188 23,674 Restructuring costs 24,449 2,731 5,825 33,005 Non-cash — (2,731 ) — (2,731 ) Cash payments (19,150 ) — (2,555 ) (21,705 ) Adjustments 955 — (357 ) 598 Balance at March 31, 2019 25,740 — 7,101 32,841 * Significant asset impairments excluded from restructuring charges are described in Note 13. |
Total Costs Incurred in Connection with Restructuring Programs by Segment | Total costs incurred in connection with these restructuring programs by segment for the fiscal years ended March 31, 2017, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31, 2017 Employee Other associated * Total net Depreciation Total Game & Network Services 225 6 231 — 231 Music 2,116 1,474 3,590 — 3,590 Pictures 2,467 — 2,467 — 2,467 Home Entertainment & Sound 68 684 752 — 752 Imaging Products & Solutions 563 77 640 — 640 Mobile Communications 516 172 688 138 826 Semiconductors 4 (13 ) (9 ) — (9 ) Financial Services — — — — — All Other and Corporate 3,895 47,459 51,354 364 51,718 Total 9,854 49,859 59,713 502 60,215 Yen in millions Fiscal year ended March 31, 2018 Employee Other associated * Total net Depreciation Total Game & Network Services — — — — — Music 6,358 272 6,630 — 6,630 Pictures 2,922 — 2,922 — 2,922 Home Entertainment & Sound 846 6 852 — 852 Imaging Products & Solutions 530 94 624 — 624 Mobile Communications 2,008 18 2,026 0 2,026 Semiconductors 28 — 28 — 28 Financial Services — — — — — All Other and Corporate 6,307 2,990 9,297 26 9,323 Total 18,999 3,380 22,379 26 22,405 Yen in millions Fiscal year ended March 31, 2019 Employee Other associated * Total net Depreciation Total Game & Network Services — — — — — Music 2,991 201 3,192 — 3,192 Pictures 4,795 — 4,795 — 4,795 Home Entertainment & Sound — — — — — Imaging Products & Solutions — — — — — Mobile Communications 11,437 4,574 16,011 86 16,097 Semiconductors — — — — — Financial Services — — — — — All Other and Corporate 5,226 3,781 9,007 — 9,007 Total 24,449 8,556 33,005 86 33,091 * Other associated costs includes non-cash |
Supplemental consolidated sta_2
Supplemental consolidated statements of income information (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Other Income and Expenses [Abstract] | |
Components of Other Operating (Income) Expense, Net | Other operating (income) expense, net is comprised of the following: Yen in millions March 31 2017 2018 2019 Gain on sale of Sony City Osaki *1 (4,914 ) (4,914 ) — Gain on remeasurement of EMI shares *2 — — (116,939 ) Gain on sale and issuance of M3 shares *3 (37,167 ) (18 ) (61 ) (Gain) loss on purchase/sale of interests in subsidiaries and affiliates, net *4 (4,259 ) (29,595 ) (1,496 ) (Gain) loss on sale, disposal or impairment of assets, net *5 195,341 38,599 46,928 149,001 4,072 (71,568 ) *1 A portion of gain on sale and leaseback transactions is deferred and is amortized on a straight-line basis over the lease term. *2 Refer to Notes 5 and 25. *3 Refer to Note 5. *4 Refer to Notes 25 and 26. *5 Refer to Notes 9, 13, 20 and 26. |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Components of Domestic and Foreign Income and Provision for Current and Deferred Income Taxes | Domestic and foreign components of income before income taxes and the provision for current and deferred income taxes attributable to such income are summarized as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Income before income taxes: Sony Corporation and all subsidiaries in Japan 166,158 436,494 310,020 Foreign subsidiaries 85,461 262,555 701,628 251,619 699,049 1,011,648 Income taxes — Current: Sony Corporation and all subsidiaries in Japan 49,739 69,697 82,081 Foreign subsidiaries 50,521 57,988 84,667 100,260 127,685 166,748 Income taxes — Deferred: Sony Corporation and all subsidiaries in Japan 11,478 29,640 17,907 Foreign subsidiaries 12,320 (5,555 ) (139,557 ) 23,798 24,085 (121,650 ) Total income tax expense 124,058 151,770 45,098 |
Reconciliation of Statutory Tax Rate and Effective Tax Rate | A reconciliation of the differences between the Japanese statutory tax rate and the effective tax rate is as follows: Fiscal year ended March 31 2017 2018 2019 Statutory tax rate 31.7 % 31.5 % 31.5 % Non-deductible 2.3 0.8 0.7 Income tax credits (2.9 ) (0.6 ) (1.6 ) Change in statutory tax rate and law 0.3 (1.2 ) (0.3 ) Change in valuation allowances (other than the reversal of Sony Americas Holding Inc. (“SAHI”) and its U.S. consolidated tax filing group below) 7.3 (5.2 ) 2.3 The reversal of valuation allowances of SAHI and its U.S. consolidated tax filing group — — (15.3 ) Change in deferred tax liabilities on undistributed earnings of foreign subsidiaries and corporate joint ventures (1.4 ) (0.8 ) (0.1 ) Lower tax rate applied to life and non-life (2.2 ) (0.8 ) (0.5 ) Foreign income tax differential (3.0 ) (2.6 ) (6.4 ) Adjustments to tax reserves (1.1 ) (0.8 ) (0.3 ) Effect of equity in net income of affiliated companies 0.0 0.0 0.0 The remeasurement gain for the equity interest in EMI — — (2.4 ) Impairment of goodwill in the Pictures segment 15.0 — — Other 3.3 1.4 (3.1 ) Effective income tax rate 49.3 % 21.7 % 4.5 % |
Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and liabilities are as follows: Yen in millions March 31 2018 2019 Deferred tax assets: Operating loss carryforwards for tax purposes 439,206 413,494 Accrued pension and severance costs 106,161 103,652 Amortization including film costs 95,069 86,196 Warranty reserves and accrued expenses 104,410 108,515 Future insurance policy benefits 33,812 36,683 Inventory 15,792 19,716 Depreciation 43,353 34,638 Tax credit carryforwards 125,327 117,471 Reserve for doubtful accounts 8,534 9,136 Impairment of investments 14,146 12,278 Deferred revenue 14,478 19,081 Other 132,800 169,897 Gross deferred tax assets 1,133,088 1,130,757 Less: Valuation allowance (899,835 ) (723,114 ) Total deferred tax assets 233,253 407,643 Deferred tax liabilities: Insurance acquisition costs (166,717 ) (169,244 ) Future insurance policy benefits (167,058 ) (181,052 ) Unbilled accounts receivable in the Pictures segment (63,196 ) (44,842 ) Unrealized gains on securities (83,298 ) (75,573 ) Gain on equity securities — (33,082 ) Intangible assets acquired through stock exchange offerings (23,949 ) (23,949 ) Intangible assets derived from EMI Music Publishing acquisition — (93,979 ) Undistributed earnings of foreign subsidiaries and corporate joint ventures (14,160 ) (15,758 ) Investment in M3 (35,802 ) (37,007 ) Other (32,164 ) (62,092 ) Gross deferred tax liabilities (586,344 ) (736,578 ) Net deferred tax liabilities (353,091 ) (328,935 ) |
Reconciliation of Beginning and Ending Gross Amounts of Unrecognized Tax Benefits | A reconciliation of the beginning and ending gross amounts of unrecognized tax benefits is as follows: Yen in millions March 31 2017 2018 2019 Balance at beginning of the fiscal year 114,126 119,529 95,425 Reductions for tax positions of prior years (558 ) (8,809 ) (31,396 ) Additions for tax positions of prior years 13,353 4,681 3,094 Additions based on tax positions related to the current year 8,231 5,740 2,594 Settlements (8,300 ) (21,893 ) (4,235 ) Lapse in statute of limitations (3,454 ) (3,469 ) (14,824 ) Foreign currency translation adjustments (3,869 ) (354 ) (81 ) Balance at end of the fiscal year 119,529 95,425 50,577 Total net amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate 45,987 39,308 35,004 |
Reconciliation of the differe_2
Reconciliation of the differences between basic and diluted EPS (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Reconciliation of Differences between Basic and Diluted EPS | Reconciliation of the differences between basic and diluted EPS for the fiscal years ended March 31, 2017, 2018 and 2019 is as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Net income attributable to Sony Corporation’s stockholders for basic and diluted EPS computation 73,289 490,794 916,271 Thousands of shares Weighted-average shares outstanding 1,262,023 1,263,895 1,266,592 Effect of dilutive securities: Stock acquisition rights 2,358 4,565 4,088 Zero coupon convertible bonds 23,962 23,960 23,966 Weighted-average shares for diluted EPS computation 1,288,343 1,292,420 1,294,646 Yen Basic EPS 58.07 388.32 723.41 Diluted EPS 56.89 379.75 707.74 |
Acquisitions (Tables)
Acquisitions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Business Combinations [Abstract] | |
Summary of Purchase Price Allocation | The primary areas of the purchase price allocation that are not yet finalized are related to income taxes and the residual goodwill. Yen in millions Cash and cash equivalents 12,971 Notes and accounts receivable, trade and contract assets 32,287 Prepaid expenses and other current assets 10,220 Securities investments and other 1,476 Intangibles, net 420,534 Goodwill 237,271 Other 10,023 Total assets 724,782 Notes and accounts payable, trade 1,731 Accounts payable, other and accrued expenses 70,675 Accrued income and other taxes 3,082 Long-term debt 148,621 Accrued pension and severance costs 1,947 Deferred income taxes 94,849 Other 5,564 Total liabilities 326,469 |
Unaudited Supplemental Pro Forma Financial Information | The following unaudited supplemental pro forma financial information presents the combined results of operations of Sony and EMI as though the acquisition had occurred as of the beginning of the fiscal year ended March 31, 2018: Yen in millions, Yen per share amounts Fiscal year ended March 31 2018 2019 Net sales 8,612,280 8,738,209 Operating income 854,786 801,973 Net income attributable to Sony Corporation’s stockholders 584,019 817,629 Per share data: — Basic EPS 462.08 645.53 — Diluted EPS 451.88 631.55 |
Commitments, contingent liabi_2
Commitments, contingent liabilities and other (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Aggregate Amounts of Year-by-Year Payment of Purchase Commitments | The schedule of the aggregate amounts of year-by-year Fiscal year ending March 31 Yen in millions 2020 344,417 2021 82,600 2022 55,492 2023 40,349 2024 26,387 Later fiscal years 44,093 Total 593,338 |
Changes in Product Warranty Liability | The changes in the product warranty liability for the fiscal years ended March 31, 2017, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Balance at beginning of the fiscal year 64,450 57,694 44,717 Additional liabilities for warranties 51,465 32,179 23,041 Settlements (in cash or in kind) (47,922 ) (30,570 ) (26,326 ) Changes in estimate for pre-existing (8,120 ) (16,802 ) (7,370 ) Translation adjustments (2,179 ) 2,216 (1,057 ) Balance at end of the fiscal year 57,694 44,717 33,005 |
Business segment information (T
Business segment information (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Segment Reporting [Abstract] | |
Components of Segment Sales and Operating Revenue | Segment sales and operating revenue: Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Game & Network Services — Customers 1,581,568 1,848,298 2,224,622 Intersegment 68,231 95,514 86,250 Total 1,649,799 1,943,812 2,310,872 Music — Customers 630,767 784,792 795,025 Intersegment 16,891 15,203 12,464 Total 647,658 799,995 807,489 Pictures — Customers 901,230 1,010,173 985,270 Intersegment 1,899 894 1,603 Total 903,129 1,011,067 986,873 Home Entertainment & Sound — Customers 1,034,215 1,221,734 1,154,533 Intersegment 4,789 999 878 Total 1,039,004 1,222,733 1,155,411 Imaging Products & Solutions — Customers 571,499 647,163 661,304 Intersegment 8,134 8,729 9,146 Total 579,633 655,892 670,450 Mobile Communications — Customers 752,688 713,916 487,330 Intersegment 6,457 9,826 10,670 Total 759,145 723,742 498,000 Semiconductors— Customers 659,779 726,892 770,622 Intersegment 113,344 123,118 108,708 Total 773,123 850,010 879,330 Financial Services — Customers 1,080,284 1,221,235 1,274,708 Intersegment 7,220 7,142 7,831 Total 1,087,504 1,228,377 1,282,539 All Other — Customers 375,116 351,527 299,806 Intersegment 75,334 55,647 45,931 Total 450,450 407,174 345,737 Corporate and elimination (286,195 ) (298,820 ) (271,014 ) Consolidated total 7,603,250 8,543,982 8,665,687 G&NS intersegment amounts primarily consist of transactions with All Other. Semiconductors intersegment amounts primarily consist of transactions with the G&NS segment, the IP&S segment and the MC segment. All Other intersegment amounts primarily consist of transactions with the G&NS segment, the Music segment and the Pictures segment. Corporate and elimination includes certain brand and patent royalty income. Segment profit or loss: Yen in millions Fiscal year ended March 31 2017 2018 2019 Operating income (loss): Game & Network Services 135,553 177,478 311,092 Music 75,798 127,786 232,487 Pictures (80,521 ) 41,110 54,599 Home Entertainment & Sound 58,504 85,841 89,669 Imaging Products & Solutions 47,257 74,924 83,975 Mobile Communications 10,164 (27,636 ) (97,136 ) Semiconductors (7,811 ) 164,023 143,874 Financial Services 166,424 178,947 161,477 All Other (29,585 ) (23,530 ) (11,127 ) Total 375,783 798,943 968,910 Corporate and elimination (87,081 ) (64,083 ) (74,675 ) Consolidated operating income 288,702 734,860 894,235 Other income 14,418 23,728 144,735 Other expenses (51,501 ) (59,539 ) (27,322 ) Consolidated income before income taxes 251,619 699,049 1,011,648 Operating income (loss) is sales and operating revenue less costs and expenses, and includes equity in net income (loss) of affiliated companies. Corporate and elimination includes headquarters restructuring costs and certain other corporate expenses, including the amortization of certain intellectual property assets such as the cross-licensing of intangible assets acquired from Ericsson at the time of the Sony Mobile Communications acquisition, which are not allocated to segments. Pursuant to a separation of Sony’s businesses into distinct subsidiaries and a realignment of corporate functions, changes have been made to the method of calculating the amount of pension and severance-related expenses allocated to Sony’s headquarters and each business segment from the fiscal year ended March 31, 2018. As a result of these changes, an increase in corporate costs totaling 7.5 billion yen is included in Corporate and elimination for the fiscal year ended March 31, 2018. Conversely, a decrease in expenses totaling the same amount is included in each business segment, mainly in the Semiconductors (3.2 billion yen) and IP&S (2.0 billion yen) segments. These changes have no impact on consolidated operating income. Other significant items: Yen in millions Fiscal year ended March 31 2017 2018 2019 Equity in net income (loss) of affiliated companies: Game & Network Services — — — Music 5,435 4,483 (6,915 ) Pictures (35 ) (129 ) 106 Home Entertainment & Sound — — — Imaging Products & Solutions — — — Mobile Communications (79 ) (102 ) (38 ) Semiconductors — — — Financial Services (3,601 ) (61 ) (682 ) All Other 1,843 4,378 4,530 Consolidated total 3,563 8,569 (2,999 ) Depreciation and amortization: Game & Network Services 25,486 29,091 29,023 Music 16,124 18,230 21,259 Pictures 20,487 24,458 24,081 Home Entertainment & Sound 19,830 21,136 21,887 Imaging Products & Solutions 25,442 23,928 24,867 Mobile Communications 19,794 19,215 14,995 Semiconductors 102,328 99,258 110,746 Financial Services, including deferred insurance acquisition costs 47,056 79,843 91,179 All Other 7,407 5,910 4,940 Total 283,954 321,069 342,977 Corporate 43,094 40,375 31,049 Consolidated total 327,048 361,444 374,026 The following table includes a breakdown of sales and operating revenue to external customers by product category for certain segments. Sony management views each segment as a single operating segment. Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Game & Network Services Digital Software and Add-on 525,683 762,220 1,102,231 Network Services 189,241 270,972 326,524 Hardware and Others 866,644 815,106 795,867 Total 1,581,568 1,848,298 2,224,622 Music Recorded Music 388,948 446,960 426,926 Music Publishing 66,541 74,360 106,666 Visual Media and Platform 175,278 263,472 261,433 Total 630,767 784,792 795,025 Pictures Motion Pictures 409,363 448,945 436,017 Television Productions 271,886 289,024 288,816 Media Networks 219,981 272,204 260,437 Total 901,230 1,010,173 985,270 Home Entertainment & Sound Televisions 720,557 861,763 788,423 Audio and Video 311,771 357,194 362,580 Other 1,887 2,777 3,530 Total 1,034,215 1,221,734 1,154,533 Imaging Products & Solutions Still and Video Cameras 351,834 415,318 421,506 Other 219,665 231,845 239,798 Total 571,499 647,163 661,304 Mobile Communications 752,688 713,916 487,330 Semiconductors 659,779 726,892 770,622 Financial Services 1,080,284 1,221,235 1,274,708 All Other 375,116 351,527 299,806 Corporate 16,104 18,252 12,467 Consolidated total 7,603,250 8,543,982 8,665,687 |
Components of Segment Profit or Loss | Segment profit or loss: Yen in millions Fiscal year ended March 31 2017 2018 2019 Operating income (loss): Game & Network Services 135,553 177,478 311,092 Music 75,798 127,786 232,487 Pictures (80,521 ) 41,110 54,599 Home Entertainment & Sound 58,504 85,841 89,669 Imaging Products & Solutions 47,257 74,924 83,975 Mobile Communications 10,164 (27,636 ) (97,136 ) Semiconductors (7,811 ) 164,023 143,874 Financial Services 166,424 178,947 161,477 All Other (29,585 ) (23,530 ) (11,127 ) Total 375,783 798,943 968,910 Corporate and elimination (87,081 ) (64,083 ) (74,675 ) Consolidated operating income 288,702 734,860 894,235 Other income 14,418 23,728 144,735 Other expenses (51,501 ) (59,539 ) (27,322 ) Consolidated income before income taxes 251,619 699,049 1,011,648 |
Components of Other Significant Items | Other significant items: Yen in millions Fiscal year ended March 31 2017 2018 2019 Equity in net income (loss) of affiliated companies: Game & Network Services — — — Music 5,435 4,483 (6,915 ) Pictures (35 ) (129 ) 106 Home Entertainment & Sound — — — Imaging Products & Solutions — — — Mobile Communications (79 ) (102 ) (38 ) Semiconductors — — — Financial Services (3,601 ) (61 ) (682 ) All Other 1,843 4,378 4,530 Consolidated total 3,563 8,569 (2,999 ) Depreciation and amortization: Game & Network Services 25,486 29,091 29,023 Music 16,124 18,230 21,259 Pictures 20,487 24,458 24,081 Home Entertainment & Sound 19,830 21,136 21,887 Imaging Products & Solutions 25,442 23,928 24,867 Mobile Communications 19,794 19,215 14,995 Semiconductors 102,328 99,258 110,746 Financial Services, including deferred insurance acquisition costs 47,056 79,843 91,179 All Other 7,407 5,910 4,940 Total 283,954 321,069 342,977 Corporate 43,094 40,375 31,049 Consolidated total 327,048 361,444 374,026 The following table includes a breakdown of sales and operating revenue to external customers by product category for certain segments. Sony management views each segment as a single operating segment. Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Game & Network Services Digital Software and Add-on 525,683 762,220 1,102,231 Network Services 189,241 270,972 326,524 Hardware and Others 866,644 815,106 795,867 Total 1,581,568 1,848,298 2,224,622 Music Recorded Music 388,948 446,960 426,926 Music Publishing 66,541 74,360 106,666 Visual Media and Platform 175,278 263,472 261,433 Total 630,767 784,792 795,025 Pictures Motion Pictures 409,363 448,945 436,017 Television Productions 271,886 289,024 288,816 Media Networks 219,981 272,204 260,437 Total 901,230 1,010,173 985,270 Home Entertainment & Sound Televisions 720,557 861,763 788,423 Audio and Video 311,771 357,194 362,580 Other 1,887 2,777 3,530 Total 1,034,215 1,221,734 1,154,533 Imaging Products & Solutions Still and Video Cameras 351,834 415,318 421,506 Other 219,665 231,845 239,798 Total 571,499 647,163 661,304 Mobile Communications 752,688 713,916 487,330 Semiconductors 659,779 726,892 770,622 Financial Services 1,080,284 1,221,235 1,274,708 All Other 375,116 351,527 299,806 Corporate 16,104 18,252 12,467 Consolidated total 7,603,250 8,543,982 8,665,687 |
Sales and Operating Revenue to External Customers by Product Category | The following table includes a breakdown of sales and operating revenue to external customers by product category for certain segments. Sony management views each segment as a single operating segment. Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Game & Network Services Digital Software and Add-on 525,683 762,220 1,102,231 Network Services 189,241 270,972 326,524 Hardware and Others 866,644 815,106 795,867 Total 1,581,568 1,848,298 2,224,622 Music Recorded Music 388,948 446,960 426,926 Music Publishing 66,541 74,360 106,666 Visual Media and Platform 175,278 263,472 261,433 Total 630,767 784,792 795,025 Pictures Motion Pictures 409,363 448,945 436,017 Television Productions 271,886 289,024 288,816 Media Networks 219,981 272,204 260,437 Total 901,230 1,010,173 985,270 Home Entertainment & Sound Televisions 720,557 861,763 788,423 Audio and Video 311,771 357,194 362,580 Other 1,887 2,777 3,530 Total 1,034,215 1,221,734 1,154,533 Imaging Products & Solutions Still and Video Cameras 351,834 415,318 421,506 Other 219,665 231,845 239,798 Total 571,499 647,163 661,304 Mobile Communications 752,688 713,916 487,330 Semiconductors 659,779 726,892 770,622 Financial Services 1,080,284 1,221,235 1,274,708 All Other 375,116 351,527 299,806 Corporate 16,104 18,252 12,467 Consolidated total 7,603,250 8,543,982 8,665,687 |
Sales and Operating Revenue Attributed to Countries and Areas Based on Location of External Customers and Long-Lived Assets | Sales and operating revenue attributed to countries and areas based on location of external customers for the fiscal years ended March 31, 2017, 2018 and 2019 and property, plant and equipment, net as of March 31, 2018 and 2019 are as follows: Yen in millions Fiscal year ended March 31 2017 2018 2019 Sales and operating revenue: Japan 2,392,790 2,625,619 2,591,784 United States 1,673,768 1,835,705 1,982,135 Europe 1,634,683 1,841,457 1,862,166 China 557,995 674,718 770,416 Asia-Pacific 866,712 1,024,179 912,193 Other Areas 477,302 542,304 546,993 Total 7,603,250 8,543,982 8,665,687 Yen in millions March 31 2018 2019 Property, plant and equipment, net: Japan 563,593 590,694 United States 97,979 113,581 Europe 23,302 22,622 China 11,232 11,694 Asia-Pacific 36,738 34,273 Other Areas 6,626 4,189 Total 739,470 777,053 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Detail) - JPY (¥) ¥ in Millions | Apr. 01, 2019 | Mar. 31, 2019 |
Summary Of Significant Accounting Policies [Line Items] | ||
Description of evaluating factors in relation to available for sale securities | If the fair value of the security is 20 percent or more below its original cost for an extended period of time (generally for a period of up to six months) | |
Percentage of other-than-temporary fair value of security | 20.00% | |
Accounting Standards Update 2016-01 | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Reclassification of accumulated other comprehensive income classified as available-for-sale to retained earnings | ¥ 15,526 | |
Software to be sold, leased or otherwise marketed | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Amortization period of intangible assets | 3 years | |
Minimum | Subsequent event | Accounting Standards Update 2016-02 [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Estimated increase in right to use assets upon adoption of accounting pronouncement | ¥ 300,000 | |
Minimum | Buildings | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Useful lives for depreciation | 2 years | |
Minimum | Machinery, equipment and others | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Useful lives for depreciation | 2 years | |
Minimum | Patent rights; know-how; license agreements; trademarks; software to be sold, leased or otherwise marketed, and internal-use software | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Amortization period of intangible assets | 3 years | |
Minimum | Customer relationships, music catalogs, artist contracts and television carriage contracts (broadcasting agreements) | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Amortization period of intangible assets | 10 years | |
Maximum | Subsequent event | Accounting Standards Update 2016-02 [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Estimated increase in right to use assets upon adoption of accounting pronouncement | ¥ 350,000 | |
Maximum | Buildings | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Useful lives for depreciation | 50 years | |
Maximum | Machinery, equipment and others | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Useful lives for depreciation | 10 years | |
Maximum | Patent rights; know-how; license agreements; trademarks; software to be sold, leased or otherwise marketed, and internal-use software | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Amortization period of intangible assets | 10 years | |
Maximum | Customer relationships, music catalogs, artist contracts and television carriage contracts (broadcasting agreements) | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Amortization period of intangible assets | 44 years |
Summary of significant accoun_5
Summary of significant accounting policies - Schedule of Impact on Company's Income Statement Due to Adoption of Accounting Pronouncements (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Sales and operating revenue | ¥ 8,665,687 | ¥ 8,543,982 | ¥ 7,603,250 |
Costs of sales | 5,150,750 | 5,188,259 | 4,753,010 |
Selling, general and administrative | 1,576,825 | 1,583,197 | 1,505,956 |
Others | 1,043,877 | ||
Operating income | 894,235 | ¥ 734,860 | ¥ 288,702 |
As previously reported | |||
Sales and operating revenue | 8,677,257 | ||
Costs of sales | 5,169,768 | ||
Selling, general and administrative | 1,575,459 | ||
Others | 1,043,877 | ||
Operating income | 888,153 | ||
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | |||
Sales and operating revenue | (11,570) | ||
Costs of sales | (19,018) | ||
Selling, general and administrative | 1,366 | ||
Operating income | ¥ 6,082 |
Summary of significant accoun_6
Summary of significant accounting policies - Schedule of New Accounting Pronouncement Balance Sheet (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 | |||
Current assets: | ||||||||
Notes and accounts receivable, trade | ¥ 1,091,242 | ¥ 1,058,449 | ¥ 1,061,442 | |||||
Allowance for doubtful accounts and sales returns | (25,440) | (23,549) | [1] | (48,663) | [1] | |||
Inventories | 653,278 | 680,533 | 692,937 | |||||
Other receivables | 223,620 | 200,334 | 190,706 | |||||
Prepaid expenses and other current assets | 509,301 | 511,224 | 516,744 | |||||
Film costs | 409,005 | 335,292 | 327,645 | |||||
Other assets: | ||||||||
Deferred income taxes | 202,486 | 96,446 | 96,772 | |||||
Other | 339,996 | 326,235 | 325,167 | |||||
Total assets | 20,981,586 | 19,087,752 | 19,065,538 | |||||
Current liabilities: | ||||||||
Accounts payable, other and accrued expenses | 1,693,048 | 1,511,143 | 1,514,433 | |||||
Other | 666,024 | 642,569 | [1] | 610,792 | [1] | |||
Deferred income taxes | 531,421 | 435,183 | 449,863 | |||||
Other | 281,382 | 288,863 | 278,338 | |||||
Total liabilities | 16,536,095 | 15,433,503 | 15,409,171 | |||||
EQUITY | ||||||||
Retained earnings | 2,320,586 | 1,448,363 | 1,440,387 | |||||
Unrealized gains on securities, net | 135,035 | 110,665 | 126,191 | |||||
Noncontrolling interests | 690,313 | 685,223 | 679,791 | |||||
Total equity | 4,436,690 | 3,645,039 | 3,647,157 | ¥ 3,135,422 | ¥ 3,124,410 | |||
Total liabilities and equity | ¥ 20,981,586 | ¥ 19,087,752 | 19,065,538 | |||||
Accounting Standards Update 2014-09 | ||||||||
Current assets: | ||||||||
Notes and accounts receivable, trade | (2,993) | |||||||
Allowance for doubtful accounts and sales returns | [1] | 25,114 | ||||||
Inventories | (12,404) | |||||||
Other receivables | 9,628 | |||||||
Prepaid expenses and other current assets | (5,520) | |||||||
Film costs | 7,647 | |||||||
Other assets: | ||||||||
Deferred income taxes | (326) | |||||||
Other | 1,068 | |||||||
Total assets | 22,214 | |||||||
Current liabilities: | ||||||||
Accounts payable, other and accrued expenses | (3,290) | |||||||
Other | [1] | 31,777 | ||||||
Other | 10,525 | |||||||
Total liabilities | 39,012 | |||||||
EQUITY | ||||||||
Retained earnings | (16,798) | |||||||
Total equity | (16,798) | |||||||
Total liabilities and equity | 22,214 | |||||||
Accounting Standards Update 2016-01 | ||||||||
EQUITY | ||||||||
Retained earnings | 15,526 | |||||||
Unrealized gains on securities, net | (15,526) | |||||||
Accounting Standards Update 2016-16 | ||||||||
Current liabilities: | ||||||||
Deferred income taxes | (14,680) | |||||||
Total liabilities | (14,680) | |||||||
EQUITY | ||||||||
Retained earnings | 9,248 | |||||||
Noncontrolling interests | 5,432 | |||||||
Total equity | ¥ 14,680 | |||||||
[1] | Under ASU 2014-09, Sony presents sales returns as a liability instead of as a contra-asset allowance. Accordingly, Sony changed the presentation from "Allowance for doubtful accounts and sales returns" to "Allowance for doubtful accounts" on the consolidated balance sheet. |
Inventories (Summary of Invento
Inventories (Summary of Inventories) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Inventory Disclosure [Abstract] | |||
Finished products | ¥ 407,295 | ¥ 422,461 | |
Work in process | 154,178 | 153,257 | |
Raw materials, purchased components and supplies | 91,805 | 117,219 | |
Inventories | ¥ 653,278 | ¥ 680,533 | ¥ 692,937 |
Film Costs (Summary of Film Cos
Film Costs (Summary of Film Costs) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Motion picture productions: | |||
Released | ¥ 87,158 | ¥ 81,755 | |
Completed and not released | 3,189 | 1,728 | |
In production and development | 130,736 | 78,868 | |
Television productions: | |||
Released | 144,316 | 127,790 | |
In production and development | 9,147 | 1,174 | |
Broadcasting rights | 70,401 | 72,125 | |
Less: current portion of broadcasting rights included in inventories | (35,942) | (35,795) | |
Film costs | ¥ 409,005 | ¥ 335,292 | ¥ 327,645 |
Film Costs - Additional Informa
Film Costs - Additional Information (Detail) ¥ in Billions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Film Costs [Abstract] | |
Unamortized film costs of released motion picture and television productions | 93.00% |
Completed film costs expected to be amortized during the next twelve months | ¥ 168 |
Accrued participation liabilities expected to be paid in next twelve months | ¥ 166 |
Investments in Affiliated Com_3
Investments in Affiliated Companies (Summarized Combined Financial Information Provided by Equity Investees) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Schedule of Equity Method Investments [Line Items] | |||
Current assets | ¥ 355,320 | ¥ 404,658 | |
Noncurrent assets | 608,626 | 868,455 | |
Current liabilities | 188,905 | 273,067 | |
Noncurrent liabilities and noncontrolling interests | 584,714 | 768,007 | |
Net revenues | 390,457 | 468,933 | ¥ 387,229 |
Operating income | 53,920 | 56,729 | 37,800 |
Net income attributable to controlling interests | ¥ 5,539 | ¥ 27,301 | ¥ 11,529 |
Minimum | |||
Schedule of Equity Method Investments [Line Items] | |||
Percentage of ownership in equity investees | 20.00% | 20.00% | 20.00% |
Maximum | |||
Schedule of Equity Method Investments [Line Items] | |||
Percentage of ownership in equity investees | 50.00% | 50.00% | 50.00% |
Investments in Affiliated Com_4
Investments in Affiliated Companies - Additional Information (Detail) ¥ in Millions | Jan. 30, 2017JPY (¥)shares | Mar. 31, 2019JPY (¥)Entity | Mar. 31, 2018JPY (¥)Entity | Mar. 31, 2017JPY (¥) | Nov. 14, 2018 | Jan. 29, 2017 | Apr. 01, 2015 |
Schedule of Equity Method Investments [Line Items] | |||||||
Aggregate carrying value of investments in several affiliated companies | ¥ 104,079 | ||||||
Fair value of investments in several affiliated companies | ¥ 423,108 | ||||||
Number of affiliated companies accounted for under the equity method | Entity | 133 | 107 | |||||
Dividends received from affiliated companies | ¥ 4,948 | ¥ 5,613 | ¥ 7,970 | ||||
DH Publishing, L.P. | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 60.00% | ||||||
M3, Inc. | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 34.00% | 39.35% | |||||
Number of shares sold | shares | 17,302,700 | ||||||
Number of shares held | shares | 127,381,600 | ||||||
Cash consideration from sale of shares | ¥ 51,968 | ||||||
Gain on sale of shares | ¥ 37,167 | ||||||
Difference between carrying value and underlying net assets | ¥ 102,696 | ||||||
Difference between carrying value and underlying net assets, accounting treatment for amounts allocated to intangible assets | The amounts allocated to intangible assets are amortized net of the related tax effects to equity in net income (loss) of affiliated companies over their respective estimated useful lives, principally 10 years, using the straight-line method. | ||||||
SFI Leasing Company, Limited | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 34.00% | ||||||
MITSUI-SOKO Supply Chain Solutions, Inc | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 34.00% | ||||||
MITSUI-SOKO Supply Chain Solutions, Inc | General and Administrative Expenses | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Related party transaction, amounts of transaction | ¥ 10,606 | 9,123 | |||||
MITSUI-SOKO Supply Chain Solutions, Inc | Accrued Expenses | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Related party transaction, account balances | ¥ 3,435 | ¥ 3,662 |
Investments in Affiliated Com_5
Investments in Affiliated Companies (Account Balances and Transactions with Affiliated Companies Accounted for under Equity Method) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Schedule of Equity Method Investments [Line Items] | |||
Short-term borrowings | ¥ 618,618 | ¥ 496,093 | |
Equity Method Investee | |||
Schedule of Equity Method Investments [Line Items] | |||
Accounts receivable, trade | 12,404 | 15,516 | |
Accounts payable, trade | 1,087 | 2,568 | |
Short-term borrowings | 29,744 | 22,849 | |
Capital lease obligations | 20,265 | 13,294 | |
Sales | 41,437 | 45,415 | ¥ 31,238 |
Purchases | 5,584 | 3,180 | 1,966 |
Lease payments | ¥ 7,455 | ¥ 7,749 | ¥ 16,492 |
Transfer of Financial Assets -
Transfer of Financial Assets - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Transfers and Servicing [Abstract] | |||
Trade accounts receivable sold | ¥ 81,947 | ¥ 84,718 | ¥ 73,185 |
Marketable Securities and Sec_3
Marketable Securities and Securities Investments (Aggregate Cost, Gross Unrealized Gains and Losses and Fair Value Pertaining to Available-for-Sale Securities and Held-to-Maturity Securities) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | ¥ 6,842,072 | ¥ 6,542,954 |
Held-to-maturity securities, Gross unrealized gains | 2,080,142 | 1,660,684 |
Held-to-maturity securities, Gross unrealized losses | (19,587) | (56,850) |
Held-to-maturity securities, Fair value | 8,902,627 | 8,146,788 |
Marketable securities and securities investments, Cost | 9,240,711 | 8,630,233 |
Marketable securities and securities investments, Gross unrealized gains | 2,330,395 | 1,927,460 |
Marketable securities and securities investments, Gross unrealized losses | (20,843) | (63,041) |
Marketable securities and securities investments, Fair value | 11,550,263 | 10,494,652 |
Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 2,398,639 | 2,031,603 |
Available-for-Sale, Gross unrealized gains | 250,253 | 195,053 |
Available-for-Sale, Gross unrealized losses | (1,256) | (5,415) |
Available-for-Sale, Fair value | 2,647,636 | 2,221,241 |
Equity securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 55,676 | |
Available-for-Sale, Gross unrealized gains | 71,723 | |
Available-for-Sale, Gross unrealized losses | (776) | |
Available-for-Sale, Fair value | 126,623 | |
Japanese national government bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 6,042,635 | 5,892,868 |
Held-to-maturity securities, Gross unrealized gains | 2,016,786 | 1,635,036 |
Held-to-maturity securities, Gross unrealized losses | (20,890) | |
Held-to-maturity securities, Fair value | 8,059,421 | 7,507,014 |
Japanese national government bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 1,422,620 | 1,227,139 |
Available-for-Sale, Gross unrealized gains | 220,989 | 182,830 |
Available-for-Sale, Gross unrealized losses | (20) | (359) |
Available-for-Sale, Fair value | 1,643,589 | 1,409,610 |
Japanese local government bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 3,518 | 3,850 |
Held-to-maturity securities, Gross unrealized gains | 388 | 413 |
Held-to-maturity securities, Fair value | 3,906 | 4,263 |
Japanese local government bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 67,461 | 67,574 |
Available-for-Sale, Gross unrealized gains | 70 | 107 |
Available-for-Sale, Gross unrealized losses | (34) | (112) |
Available-for-Sale, Fair value | 67,497 | 67,569 |
Japanese corporate bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 409,329 | 345,818 |
Held-to-maturity securities, Gross unrealized gains | 44,348 | 16,912 |
Held-to-maturity securities, Gross unrealized losses | (5,845) | (17,390) |
Held-to-maturity securities, Fair value | 447,832 | 345,340 |
Japanese corporate bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 202,433 | 199,880 |
Available-for-Sale, Gross unrealized gains | 17,178 | 9,844 |
Available-for-Sale, Gross unrealized losses | (223) | (1,016) |
Available-for-Sale, Fair value | 219,388 | 208,708 |
Foreign government bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 386,392 | 300,220 |
Held-to-maturity securities, Gross unrealized gains | 18,609 | 8,310 |
Held-to-maturity securities, Gross unrealized losses | (13,742) | (18,570) |
Held-to-maturity securities, Fair value | 391,259 | 289,960 |
Foreign government bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 153,429 | 72,204 |
Available-for-Sale, Gross unrealized gains | 8,669 | 622 |
Available-for-Sale, Gross unrealized losses | (603) | (3,287) |
Available-for-Sale, Fair value | 161,495 | 69,539 |
Foreign corporate bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 198 | 198 |
Held-to-maturity securities, Gross unrealized gains | 11 | 13 |
Held-to-maturity securities, Fair value | 209 | 211 |
Foreign corporate bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 360,299 | 365,457 |
Available-for-Sale, Gross unrealized gains | 944 | 1,649 |
Available-for-Sale, Gross unrealized losses | (376) | (641) |
Available-for-Sale, Fair value | 360,867 | 366,465 |
Securitized products | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 190,111 | 99,349 |
Available-for-Sale, Gross unrealized gains | 1 | 1 |
Available-for-Sale, Gross unrealized losses | 0 | |
Available-for-Sale, Fair value | 190,112 | ¥ 99,350 |
Other | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 2,286 | |
Available-for-Sale, Gross unrealized gains | 2,402 | |
Available-for-Sale, Fair value | ¥ 4,688 |
Marketable Securities and Sec_4
Marketable Securities and Securities Investments (Cost and Fair Value of Debt Securities Classified as Available-for-Sale Securities and Held-to-Maturity Securities by Contractual Maturity) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Available for Sale Securities, Cost | ||
Due in one year or less | ¥ 132,770 | |
Due after one year through five years | 455,624 | |
Due after five years through ten years | 476,261 | |
Due after ten years | 1,333,984 | |
Total | 2,398,639 | |
Available-for-sale securities, Fair value | ||
Due in one year or less | 132,745 | |
Due after one year through five years | 462,682 | |
Due after five years through ten years | 552,287 | |
Due after ten years | 1,499,922 | |
Total | 2,647,636 | |
Held-to-maturity securities, Cost | ||
Due in one year or less | 6,286 | |
Due after one year through five years | 37,281 | |
Due after five years through ten years | 393,787 | |
Due after ten years | 6,404,718 | |
Held-to-maturity securities, Cost | 6,842,072 | ¥ 6,542,954 |
Held-to-maturity securities, Fair value | ||
Due in one year or less | 6,334 | |
Due after one year through five years | 40,085 | |
Due after five years through ten years | 453,310 | |
Due after ten years | 8,402,898 | |
Total | ¥ 8,902,627 | ¥ 8,146,788 |
Marketable Securities and Sec_5
Marketable Securities and Securities Investments - Additional Information (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||||
Mar. 31, 2019JPY (¥) | Mar. 31, 2019USD ($) | Mar. 31, 2018JPY (¥) | Mar. 31, 2017JPY (¥) | Mar. 31, 2019USD ($) | Apr. 03, 2018 | |
Investment Holdings [Line Items] | ||||||
Proceeds from sales of available-for-sale securities | ¥ 66,906 | ¥ 39,982 | ¥ 75,319 | |||
Gross realized gains from available-for-sale securities | 240 | 1,257 | 2,297 | |||
Gross realized losses from available-for-sale securities | 475 | 2 | 37 | |||
Marketable securities classified as trading securities | 234,117 | 1,048,062 | ||||
Net unrealized gains on trading securities | 3,610 | 48,047 | ¥ 56,593 | |||
Net realized gains on sale of equity securities | 77,495 | |||||
Net unrealized gains on revaluation of equity securities | 104,168 | |||||
Investment in non public companies | 25,720 | ¥ 52,361 | ||||
Equity securities without readily determinable fair value, downward price adjustment | 0 | |||||
Equity securities without readily determinable fair value, upward price adjustment | 4,285 | |||||
Spotify Technology SA | ||||||
Investment Holdings [Line Items] | ||||||
Ownership percentage | 5.707% | |||||
Proceed from sale of shares | 82,616 | $ 768 | ||||
Gain on equity securities, net | 54,179 | 504 | ||||
Gross fair value of retained shares | 78,947 | $ 711 | ||||
Gain on equity securities, net | ¥ 47,543 | $ 449 |
Marketable Securities and Sec_6
Marketable Securities and Securities Investments (Gross Unrealized Losses and Fair Value of Securities with Unrealized Losses, Aggregated by Investment Category and Length of Time of Continuous Unrealized Loss Position) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | ¥ 103,410 | ¥ 107,324 |
Available-for-sale securities, less than 12 months, unrealized losses | (167) | (2,382) |
Available-for-sale securities, 12 months or more, fair value | 60,193 | 140,942 |
Available-for-sale securities, 12 months or more, unrealized losses | (1,089) | (3,033) |
Available-for-sale securities, fair value, total | 163,603 | 248,266 |
Available-for-sale securities, unrealized losses, total | (1,256) | (5,415) |
Held-to-maturity securities, less than 12 months, fair value | 20,448 | |
Held-to-maturity securities, less than 12 months, unrealized losses | (704) | |
Held-to-maturity securities, 12 months or more, fair value | 249,213 | 613,609 |
Held-to-maturity securities, 12 months or more , unrealized losses | (19,587) | (56,146) |
Held-to-maturity securities, fair value, total | 249,213 | 634,057 |
Held-to-maturity securities, unrealized losses, total | (19,587) | (56,850) |
Held-to-maturity And Available-for-sale securities, less than 12 months, fair value | 103,410 | 141,631 |
Held-to-maturity And Available-for-sale securities, less than 12 months, unrealized losses | (167) | (3,862) |
Held-to-maturity And Available-for-sale securities, 12 months or more, fair value | 309,406 | 754,566 |
Held-to-maturity And Available-for-sale securities, 12 months or more, unrealized losses | (20,676) | (59,179) |
Held-to-maturity And Available-for-sale securities, fair value, total | 412,816 | 896,197 |
Held-to-maturity And Available-for-sale securities, unrealized losses, total | (20,843) | (63,041) |
Equity securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 13,859 | |
Available-for-sale securities, less than 12 months, unrealized losses | (776) | |
Available-for-sale securities, 12 months or more, fair value | 15 | |
Available-for-sale securities, 12 months or more, unrealized losses | 0 | |
Available-for-sale securities, fair value, total | 13,874 | |
Available-for-sale securities, unrealized losses, total | (776) | |
Japanese national government bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 10,118 | |
Available-for-sale securities, less than 12 months, unrealized losses | (11) | |
Available-for-sale securities, 12 months or more, fair value | 4,063 | 32,836 |
Available-for-sale securities, 12 months or more, unrealized losses | (20) | (348) |
Available-for-sale securities, fair value, total | 4,063 | 42,954 |
Available-for-sale securities, unrealized losses, total | (20) | (359) |
Held-to-maturity securities, 12 months or more, fair value | 304,564 | |
Held-to-maturity securities, 12 months or more , unrealized losses | (20,890) | |
Held-to-maturity securities, fair value, total | 304,564 | |
Held-to-maturity securities, unrealized losses, total | (20,890) | |
Japanese local government bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 27,404 | 9,324 |
Available-for-sale securities, less than 12 months, unrealized losses | (29) | (11) |
Available-for-sale securities, 12 months or more, fair value | 4,872 | 14,729 |
Available-for-sale securities, 12 months or more, unrealized losses | (5) | (101) |
Available-for-sale securities, fair value, total | 32,276 | 24,053 |
Available-for-sale securities, unrealized losses, total | (34) | (112) |
Japanese corporate bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 25,725 | 11,046 |
Available-for-sale securities, less than 12 months, unrealized losses | (21) | (10) |
Available-for-sale securities, 12 months or more, fair value | 19,925 | 64,119 |
Available-for-sale securities, 12 months or more, unrealized losses | (202) | (1,006) |
Available-for-sale securities, fair value, total | 45,650 | 75,165 |
Available-for-sale securities, unrealized losses, total | (223) | (1,016) |
Held-to-maturity securities, 12 months or more, fair value | 97,984 | 174,815 |
Held-to-maturity securities, 12 months or more , unrealized losses | (5,845) | (17,390) |
Held-to-maturity securities, fair value, total | 97,984 | 174,815 |
Held-to-maturity securities, unrealized losses, total | (5,845) | (17,390) |
Foreign government bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 40,156 | |
Available-for-sale securities, less than 12 months, unrealized losses | (2,281) | |
Available-for-sale securities, 12 months or more, fair value | 15,878 | 7,752 |
Available-for-sale securities, 12 months or more, unrealized losses | (603) | (1,006) |
Available-for-sale securities, fair value, total | 15,878 | 47,908 |
Available-for-sale securities, unrealized losses, total | (603) | (3,287) |
Held-to-maturity securities, less than 12 months, fair value | 20,448 | |
Held-to-maturity securities, less than 12 months, unrealized losses | (704) | |
Held-to-maturity securities, 12 months or more, fair value | 151,229 | 134,230 |
Held-to-maturity securities, 12 months or more , unrealized losses | (13,742) | (17,866) |
Held-to-maturity securities, fair value, total | 151,229 | 154,678 |
Held-to-maturity securities, unrealized losses, total | (13,742) | (18,570) |
Foreign corporate bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 50,281 | 34,840 |
Available-for-sale securities, less than 12 months, unrealized losses | (117) | (69) |
Available-for-sale securities, 12 months or more, fair value | 15,455 | 21,191 |
Available-for-sale securities, 12 months or more, unrealized losses | (259) | (572) |
Available-for-sale securities, fair value, total | 65,736 | 56,031 |
Available-for-sale securities, unrealized losses, total | ¥ (376) | (641) |
Securitized products | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 1,840 | |
Available-for-sale securities, less than 12 months, unrealized losses | 0 | |
Available-for-sale securities, 12 months or more, fair value | 315 | |
Available-for-sale securities, 12 months or more, unrealized losses | 0 | |
Available-for-sale securities, fair value, total | 2,155 | |
Available-for-sale securities, unrealized losses, total | ¥ 0 |
Leases (Leased Assets under Cap
Leases (Leased Assets under Capital Leases) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Capital Leased Assets [Line Items] | ||
Accumulated amortization | ¥ (61,349) | ¥ (58,861) |
Leased assets under capital leases, Net | 60,655 | 41,269 |
Machinery, equipment and others | ||
Capital Leased Assets [Line Items] | ||
Leased assets under capital leases | 92,915 | 93,491 |
Buildings | ||
Capital Leased Assets [Line Items] | ||
Leased assets under capital leases | ¥ 29,089 | ¥ 6,639 |
Leases (Future Minimum Lease Pa
Leases (Future Minimum Lease Payments under Capital Leases with Present Value of Net Minimum Lease Payments) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Fiscal Year Maturity [Abstract] | |
2020 | ¥ 36,195 |
2021 | 10,429 |
2022 | 6,454 |
2023 | 5,246 |
2024 | 3,448 |
Later fiscal years | 15,441 |
Total minimum lease payments | 77,213 |
Less - Amount representing interest | 8,385 |
Present value of net minimum lease payments | 68,828 |
Less - Current obligations | 35,144 |
Long-term capital lease obligations | 33,684 |
Present value of net minimum lease payments | ¥ 68,828 |
Leases (Minimum Rental Payments
Leases (Minimum Rental Payments Required under Operating Leases that have Initial or Remaining Noncancelable Lease Terms in Excess of One Year) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
2020 | ¥ 58,901 |
2021 | 48,823 |
2022 | 34,726 |
2023 | 25,355 |
2024 | 22,152 |
Later fiscal years | 78,507 |
Total minimum future rentals | ¥ 268,464 |
Leases - Additional Information
Leases - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Leases [Abstract] | |||
Rental expenses under operating leases | ¥ 71,516 | ¥ 77,950 | ¥ 77,976 |
Sublease rental received under operating leases | 1,013 | ¥ 1,325 | ¥ 1,157 |
Total minimum rentals to be received in future under noncancelable subleases for operating leases | ¥ 1,598 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Finite and indefinite lived intangible assets acquired | ¥ 523,504 | ||
Acquired finite lived intangible assets subject to amortization | 523,494 | ||
Aggregate amortization expense for intangible assets | 109,452 | ¥ 123,450 | ¥ 121,634 |
Goodwill | 768,552 | 530,492 | 522,538 |
Impairments | 5,107 | ||
Pictures | |||
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Goodwill | ¥ 145,484 | ¥ 144,412 | 138,153 |
Pictures | Production and Distribution | |||
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Goodwill | 0 | ||
Impairments | ¥ 112,069 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets (Acquired Intangible Assets and Weighted-Average Amortization Period) (Detail) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019JPY (¥) | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 523,494 | |
Patent rights, know-how and license agreements | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 1,728 | |
Weighted-average amortization period | 6 years | |
Software to be sold, leased or otherwise marketed | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 17,114 | |
Weighted-average amortization period | 3 years | |
Internal-use software | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 72,730 | |
Weighted-average amortization period | 4 years | |
Music catalogs | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 412,575 | [1] |
Weighted-average amortization period | 43 years | [1] |
Artist contracts | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 13,847 | |
Weighted-average amortization period | 27 years | |
Other | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | ¥ 5,500 | |
Weighted-average amortization period | 9 years | |
[1] | Includes music catalogs relating to EMI Music Publishing acquisition. Refer to Note 25. |
Goodwill and Other Intangible_5
Goodwill and Other Intangible Assets (Intangible Assets Subject to Amortization) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | ¥ 1,649,721 | ¥ 1,198,213 |
Accumulated amortization | (823,276) | (762,093) |
Patent rights, know-how and license agreements | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 169,761 | 175,980 |
Accumulated amortization | (145,525) | (142,724) |
Customer relationships | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 15,759 | 18,881 |
Accumulated amortization | (11,825) | (7,615) |
Trademarks | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 15,768 | 16,310 |
Accumulated amortization | (9,863) | (8,451) |
Software to be sold, leased or otherwise marketed | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 125,350 | 123,269 |
Accumulated amortization | (96,322) | (92,457) |
Internal-use software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 529,022 | 494,649 |
Accumulated amortization | (345,935) | (315,516) |
Music catalogs | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 615,206 | 207,789 |
Accumulated amortization | (106,725) | (94,210) |
Artist contracts | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 42,575 | 28,534 |
Accumulated amortization | (29,108) | (27,650) |
Television carriage contracts (broadcasting agreements) | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 74,605 | 74,258 |
Accumulated amortization | (28,685) | (25,884) |
Other | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 61,675 | 58,543 |
Accumulated amortization | ¥ (49,288) | ¥ (47,586) |
Goodwill and Other Intangible_6
Goodwill and Other Intangible Assets (Estimated Aggregate Amortization Expense for Intangible Assets) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |
2020 | ¥ 100,631 |
2021 | 84,220 |
2022 | 64,747 |
2023 | 49,941 |
2024 | ¥ 34,907 |
Goodwill and Other Intangible_7
Goodwill and Other Intangible Assets (Total Carrying Amount of Intangible Assets Having Indefinite Life) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | ¥ 91,521 | ¥ 91,048 |
Trademarks | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | 69,447 | 68,922 |
Distribution agreements | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | 18,834 | 18,834 |
Other | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | ¥ 3,240 | ¥ 3,292 |
Goodwill and Other Intangible_8
Goodwill and Other Intangible Assets (Changes in Carrying Amount of Goodwill by Segment) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | |||
Goodwill [Line Items] | ||||
Goodwill - gross | ¥ 839,030 | ¥ 837,533 | ||
Accumulated impairments | (308,538) | (314,995) | ||
Goodwill | 530,492 | 522,538 | ||
Increase (decrease) due to: | ||||
Acquisitions | 243,044 | [1] | 21,773 | |
Sales and dispositions | (121) | |||
Impairments | (5,107) | |||
Translation adjustments | 3,111 | (12,382) | ||
Other | (2,988) | (1,316) | ||
Goodwill - gross | 1,087,374 | 839,030 | ||
Accumulated impairments | (318,822) | (308,538) | ||
Goodwill | 768,552 | 530,492 | ||
Game & Network Services | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 150,606 | 151,938 | ||
Goodwill | 150,606 | 151,938 | ||
Increase (decrease) due to: | ||||
Acquisitions | [1] | 2,261 | ||
Translation adjustments | 1,088 | (1,332) | ||
Goodwill - gross | 153,955 | 150,606 | ||
Goodwill | 153,955 | 150,606 | ||
Music | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 165,700 | 166,416 | ||
Accumulated impairments | (306) | (306) | ||
Goodwill | 165,394 | 166,110 | ||
Increase (decrease) due to: | ||||
Acquisitions | 240,396 | [1] | 2,877 | |
Sales and dispositions | (121) | |||
Translation adjustments | (2,420) | (3,472) | ||
Goodwill - gross | 403,676 | 165,700 | ||
Accumulated impairments | (306) | (306) | ||
Goodwill | 403,370 | 165,394 | ||
Pictures | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 246,620 | 246,085 | ||
Accumulated impairments | (102,208) | (107,932) | ||
Goodwill | 144,412 | 138,153 | ||
Increase (decrease) due to: | ||||
Acquisitions | 387 | [1] | 12,842 | |
Translation adjustments | 3,673 | (6,583) | ||
Other | (2,988) | |||
Goodwill - gross | 252,262 | 246,620 | ||
Accumulated impairments | (106,778) | (102,208) | ||
Goodwill | 145,484 | 144,412 | ||
Home Entertainment & Sound | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 5,320 | 5,320 | ||
Accumulated impairments | (5,320) | (5,320) | ||
Increase (decrease) due to: | ||||
Goodwill - gross | 5,320 | 5,320 | ||
Accumulated impairments | (5,320) | (5,320) | ||
Imaging Products & Solutions | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 9,817 | 8,451 | ||
Accumulated impairments | (300) | (300) | ||
Goodwill | 9,517 | 8,151 | ||
Increase (decrease) due to: | ||||
Acquisitions | 1,204 | |||
Impairments | (776) | |||
Translation adjustments | (73) | 162 | ||
Goodwill - gross | 9,765 | 9,817 | ||
Accumulated impairments | (1,097) | (300) | ||
Goodwill | 8,668 | 9,517 | ||
Mobile Communications | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 179,331 | 179,331 | ||
Accumulated impairments | (176,045) | (176,045) | ||
Goodwill | 3,286 | 3,286 | ||
Increase (decrease) due to: | ||||
Goodwill - gross | 179,331 | 179,331 | ||
Accumulated impairments | (176,045) | (176,045) | ||
Goodwill | 3,286 | 3,286 | ||
Semiconductors | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 45,793 | 48,069 | ||
Goodwill | 45,793 | 48,069 | ||
Increase (decrease) due to: | ||||
Translation adjustments | 771 | (1,072) | ||
Other | (1,204) | |||
Goodwill - gross | 46,564 | 45,793 | ||
Goodwill | 46,564 | 45,793 | ||
Financial Services | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 7,931 | 3,081 | ||
Accumulated impairments | (706) | (706) | ||
Goodwill | 7,225 | 2,375 | ||
Increase (decrease) due to: | ||||
Acquisitions | 4,850 | |||
Goodwill - gross | 7,931 | 7,931 | ||
Accumulated impairments | (706) | (706) | ||
Goodwill | 7,225 | 7,225 | ||
All Other | ||||
Goodwill [Line Items] | ||||
Goodwill - gross | 27,912 | 28,842 | ||
Accumulated impairments | (23,653) | (24,386) | ||
Goodwill | 4,259 | 4,456 | ||
Increase (decrease) due to: | ||||
Impairments | (4,331) | |||
Translation adjustments | 72 | (85) | ||
Other | (112) | |||
Goodwill - gross | 28,570 | 27,912 | ||
Accumulated impairments | ¥ (28,570) | (23,653) | ||
Goodwill | ¥ 4,259 | |||
[1] | Acquisitions for the fiscal year ended March 31, 2019 relate mainly to EMI Music Publishing acquisition in the Music segment. Refer to Note 25. |
Insurance-Related Accounts - Ad
Insurance-Related Accounts - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Combined amounts of statutory net equity of insurance subsidiaries which is not measured in accordance with U.S. GAAP | ¥ 548,730 | ¥ 525,976 | |
Life insurance revenues | 910,011 | 857,766 | ¥ 754,242 |
Non-life insurance revenues | 111,392 | 105,497 | 97,581 |
Amortization of deferred insurance acquisition costs charged to income | 79,906 | 68,137 | ¥ 36,130 |
Future insurance policy benefits | ¥ 5,633,865 | ¥ 5,211,421 | |
Minimum | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Interest rates for future policy benefit based on market conditions and expected investment returns | 0.80% | ||
Minimum | Interest Sensitive Whole Life Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 1.80% | ||
Minimum | Investments Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 0.01% | ||
Maximum | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Interest rates for future policy benefit based on market conditions and expected investment returns | 4.50% | ||
Maximum | Interest Sensitive Whole Life Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 2.00% | ||
Maximum | Investments Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 6.30% |
Insurance-Related Accounts (Pol
Insurance-Related Accounts (Policyholders' Account in Life Insurance Business) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | ¥ 3,048,202 | ¥ 2,820,702 |
Universal Life Insurance | ||
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | 2,104,646 | 1,951,906 |
Investments Contracts | ||
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | 816,903 | 738,404 |
Other | ||
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | ¥ 126,653 | ¥ 130,392 |
Short-Term Borrowings and Lon_3
Short-Term Borrowings and Long-Term Debt (Short-Term Borrowings) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 618,618 | ¥ 496,093 |
Unsecured Loans Weighted Average Interest Rate 3.95% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 64,480 | |
Unsecured Loans Weighted Average Interest Rate 2.52% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 55,186 | |
Secured Loans Weighted Average Interest Rate 0.12% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 27 | |
Repurchase agreement, weighted average interest rate 0.18% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 335,586 | |
Repurchase agreement, weighted average interest rate 0.56% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 432,820 | |
Secured Call Money Weighted Average Interest Rate 0.07% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 96,000 | |
Secured Call Money Weighted Average Interest Rate 0.18% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 130,612 |
Short-Term Borrowings and Lon_4
Short-Term Borrowings and Long-Term Debt (Short-Term Borrowings) (Parenthetical) (Detail) | Mar. 31, 2019 | Mar. 31, 2018 |
Unsecured Loans Weighted Average Interest Rate 3.95% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 3.95% | |
Unsecured Loans Weighted Average Interest Rate 2.52% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 2.52% | |
Secured Loans Weighted Average Interest Rate 0.12% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 0.12% | |
Repurchase agreement, weighted average interest rate 0.18% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 0.18% | |
Repurchase agreement, weighted average interest rate 0.56% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 0.56% | |
Secured Call Money Weighted Average Interest Rate 0.07% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | (0.07%) | |
Secured Call Money Weighted Average Interest Rate 0.18% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 0.18% |
Short-Term Borrowings and Lon_5
Short-Term Borrowings and Long-Term Debt - Additional Information (Detail) ¥ / shares in Units, ¥ in Millions | Jul. 21, 2015JPY (¥)TradingDay¥ / shares | Apr. 30, 2019 | Jun. 30, 2018JPY (¥) | Mar. 31, 2019JPY (¥)¥ / shares | May 10, 2019¥ / shares | Mar. 31, 2018JPY (¥)¥ / shares | Sep. 30, 2016JPY (¥) |
Debt Instrument [Line Items] | |||||||
Short-term borrowings | ¥ 618,618 | ¥ 496,093 | |||||
Long-term debt including current portion | 740,833 | 848,973 | |||||
EMI Music Publishing | |||||||
Debt Instrument [Line Items] | |||||||
Aggregate principal amount newly issued for repayment of borrowings and debt | ¥ 350 | ||||||
Due date of unsecured notes | Jun. 15, 2024 | ||||||
Unsecured note annual interest rate | 7.625% | ||||||
Securities Pledged As Collaterals | |||||||
Debt Instrument [Line Items] | |||||||
Marketable securities and securities investments pledged as collateral, book value | ¥ 200,000 | ||||||
Pledged housing loans, book value | 13,043 | ||||||
Long-term secured loan | 412,560 | ||||||
Committed Lines of Credit | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, remaining borrowing capacity | ¥ 522,453 | ||||||
Line of credit facility, period up to which company can borrow | 180 days | ||||||
Commercial Paper Programs | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, remaining borrowing capacity | ¥ 1,054,950 | ||||||
Line of credit facility, period up to which company can borrow | 270 days | ||||||
Subsequent event | EMI Music Publishing | |||||||
Debt Instrument [Line Items] | |||||||
Due date of unsecured notes | Jul. 17, 2019 | ||||||
Percentage of Principal Amount Redeemed | 105.719% | ||||||
Cash settlements, variation margins of futures markets and certain other purposes | |||||||
Debt Instrument [Line Items] | |||||||
Marketable securities and securities investments pledged as collateral, book value | ¥ 8,822 | ||||||
Repurchase agreement, weighted average interest rate of 0.01% | |||||||
Debt Instrument [Line Items] | |||||||
Securities investments pledged as collateral, book value | 363,322 | ||||||
Repurchase agreement, weighted average interest rate of 0.01% | Securities Pledged As Collaterals | |||||||
Debt Instrument [Line Items] | |||||||
Short-term borrowings | 432,820 | ||||||
Secured Call Money Weighted Average Interest Rate 0.08% | Securities Pledged As Collaterals | |||||||
Debt Instrument [Line Items] | |||||||
Short-term borrowings | 130,612 | ||||||
Marketable securities and securities investments pledged as collateral, book value | 59,496 | ||||||
Unsecured zero coupon convertible bonds, due 2022 | |||||||
Debt Instrument [Line Items] | |||||||
Long-term debt including current portion | ¥ 120,000 | ¥ 119,961 | ¥ 119,976 | ||||
Debt instrument interest rate | 130.00% | ||||||
Stock acquisition rights, start date | Sep. 1, 2015 | ||||||
Stock acquisition rights, end date | Sep. 28, 2022 | ||||||
Conversion price per common share | ¥ / shares | ¥ 5,008 | ¥ 5,008 | |||||
Amount in excess of dividends for which conversion price is adjusted | ¥ / shares | ¥ 25 | ||||||
Debt instrument outstanding percentage | 100.00% | ||||||
Debt instrument redeemable date | Jul. 21, 2020 | ||||||
Debt instrument conversion price percentage on consecutive trading days | 130.00% | ||||||
Debt instrument, convertible, consecutive trading days | TradingDay | 20 | ||||||
Basis for conversion bonds outstanding | If the closing sales price per share of Sony's common stock on the Tokyo Stock Exchange is 130% or more of the conversion price of the Zero Coupon Convertible Bonds for 20 consecutive trading days | ||||||
Unsecured zero coupon convertible bonds, due 2022 | Minimum | |||||||
Debt Instrument [Line Items] | |||||||
Conversion price per common share | ¥ / shares | ¥ 3,526.5 | ||||||
Amount in excess of dividends for which conversion price is adjusted | ¥ / shares | ¥ 25 | ||||||
Unsecured zero coupon convertible bonds, due 2022 | Maximum | |||||||
Debt Instrument [Line Items] | |||||||
Conversion price per common share | ¥ / shares | ¥ 5,008 | ||||||
Amount in excess of dividends for which conversion price is adjusted | ¥ / shares | ¥ 35 | ||||||
Unsecured zero coupon convertible bonds, due 2022 | Subsequent event | |||||||
Debt Instrument [Line Items] | |||||||
Conversion price per common share | ¥ / shares | ¥ 4,996 | ||||||
Unsecured Debt | |||||||
Debt Instrument [Line Items] | |||||||
Aggregate principal amount newly issued for repayment of borrowings and debt | ¥ 200,000 | ||||||
Aggregate principal amount repaid | ¥ 150,000 |
Short-Term Borrowings and Lon_6
Short-Term Borrowings and Long-Term Debt (Long-Term Debt) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Jul. 21, 2015 |
Debt Instrument [Line Items] | |||
Long-term debt including current portion | ¥ 740,833 | ¥ 848,973 | |
Less - Portion due within one year | 172,461 | 225,522 | |
Total | 568,372 | 623,451 | |
Unsecured loans, due 2018 to 2024, with interest rates ranging from 0.01% to 5.10% per annum | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 49,454 | ||
Unsecured loans, due 2019 to 2024, with interest rates ranging from 0.01 % to 7.89 % per annum | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 57,321 | ||
Unsecured 0.86% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 150,000 | ||
Unsecured 2.00% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 16,300 | ||
Unsecured 0.05% bonds, due 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 69,964 | 69,879 | |
Unsecured 2.07% bonds, due 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 50,000 | 50,000 | |
Unsecured 0.23% bonds, due 2021 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 89,819 | 89,744 | |
Unsecured 0.11% bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 10,000 | 10,000 | |
Unsecured 1.41% bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 10,000 | 10,000 | |
Unsecured 0.28% bonds, due 2023 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 15,000 | 15,000 | |
Unsecured 0.22% bonds, due 2025 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 10,000 | 10,000 | |
Unsecured 0.42% bonds, due 2026 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 24,911 | 24,899 | |
Unsecured zero coupon convertible bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 119,961 | 119,976 | ¥ 120,000 |
Secured 0.00% loans, due 2019 to 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 170,002 | ||
Secured 0.00% loans, due 2020 to 2023 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 200,003 | ||
Capital lease obligation and other, due 2018 to 2047 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 52,929 | ||
Capital lease obligation and other, due 2019 to 2048 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 72,991 | ||
Guarantee deposits received | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | ¥ 10,863 | ¥ 10,790 |
Short-Term Borrowings and Lon_7
Short-Term Borrowings and Long-Term Debt (Long-Term Debt) (Parenthetical) (Detail) - ¥ / shares | Mar. 31, 2019 | Mar. 31, 2018 | Jul. 21, 2015 |
Unsecured loans, due 2018 to 2024, with interest rates ranging from 0.01% to 5.10% per annum | Minimum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.01% | ||
Unsecured loans, due 2018 to 2024, with interest rates ranging from 0.01% to 5.10% per annum | Maximum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 5.10% | ||
Unsecured loans, due 2019 to 2024, with interest rates ranging from 0.01 % to 7.89 % per annum | Minimum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.01% | ||
Unsecured loans, due 2019 to 2024, with interest rates ranging from 0.01 % to 7.89 % per annum | Maximum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 7.89% | ||
Unsecured 0.86% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.86% | 0.86% | |
Unsecured 2.00% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2.00% | 2.00% | |
Unsecured 0.05% bonds, due 2019 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.05% | 0.05% | |
Unsecured 2.07% bonds, due 2019 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2.07% | 2.07% | |
Unsecured 0.23% bonds, due 2021 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.23% | 0.23% | |
Unsecured 0.11% bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.11% | 0.11% | |
Unsecured 1.41% bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.41% | 1.41% | |
Unsecured 0.28% bonds, due 2023 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.28% | 0.28% | |
Unsecured 0.22% bonds, due 2025 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.22% | 0.22% | |
Unsecured 0.42% bonds, due 2026 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.42% | 0.42% | |
Unsecured zero coupon convertible bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Conversion price per common share | ¥ 5,008 | ¥ 5,008 | |
Unsecured zero coupon convertible bonds, due 2022 | Minimum | |||
Debt Instrument [Line Items] | |||
Conversion price per common share | ¥ 3,526.5 | ||
Unsecured zero coupon convertible bonds, due 2022 | Maximum | |||
Debt Instrument [Line Items] | |||
Conversion price per common share | ¥ 5,008 | ||
Secured 0.00% loans, due 2019 to 2022 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.00% | 0.00% | |
Secured 0.00% loans, due 2020 to 2023 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.00% | 0.00% | |
Capital lease obligation and other, due 2018 to 2047 | Minimum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.36% | ||
Capital lease obligation and other, due 2018 to 2047 | Maximum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 11.88% | ||
Capital lease obligation and other, due 2019 to 2048 | Minimum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.36% | ||
Capital lease obligation and other, due 2019 to 2048 | Maximum | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 9.14% |
Short-Term Borrowings and Lon_8
Short-Term Borrowings and Long-Term Debt (Aggregate Amounts of Annual Maturities of Long-Term Debt) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Debt Disclosure [Abstract] | ||
2020 | ¥ 172,461 | |
2021 | 41,466 | |
2022 | 186,004 | |
2023 | 227,987 | |
2024 | 18,102 | |
Later fiscal years | 94,813 | |
Total | ¥ 740,833 | ¥ 848,973 |
Housing Loans and Deposits fr_3
Housing Loans and Deposits from Customers in the Banking Business - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Housing Loans And Deposits From Customers [Abstract] | ||
Housing loans in the banking business, Carrying amount | ¥ 1,685,504 | ¥ 1,522,415 |
Allowance for credit losses of housing loans in the banking business | 829 | 717 |
Balance of time deposits issued in amounts of 10 million yen or more | ¥ 292,968 | ¥ 279,943 |
Housing Loans and Deposits fr_4
Housing Loans and Deposits from Customers in the Banking Business (Aggregate Amounts of Annual Maturities of Time Deposits with Remaining Term of More Than One Year) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Interest-bearing Deposit Liabilities [Abstract] | |
2021 | ¥ 66,796 |
2022 | 15,513 |
2023 | 11,083 |
2024 | 10,813 |
2025 | 2,530 |
Later fiscal years | 25,047 |
Total | ¥ 131,782 |
Fair Value Measurements (Fair V
Fair Value Measurements (Fair Value of Assets and Liabilities Measured on Recurring Basis) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading securities | ¥ 234,117 | ¥ 1,048,062 | |
Derivative assets | 10,486 | 39,526 | |
Derivative liabilities | 32,822 | 35,724 | |
Other | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,688 | ||
Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading securities | 234,117 | 1,048,062 | |
Other investments | [1] | 13,914 | 20,395 |
Derivative assets | [2] | 10,486 | 39,526 |
Total assets | 4,079,047 | 3,455,847 | |
Derivative liabilities | 32,822 | 35,724 | |
Total liabilities | 32,822 | 35,724 | |
Fair Value, Measurements, Recurring | Japanese national government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 1,643,589 | 1,409,610 | |
Fair Value, Measurements, Recurring | Japanese local government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 67,497 | 67,569 | |
Fair Value, Measurements, Recurring | Japanese corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 219,388 | 208,708 | |
Fair Value, Measurements, Recurring | Foreign government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [3] | 161,495 | 69,539 |
Fair Value, Measurements, Recurring | Foreign corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [4] | 360,867 | 366,465 |
Fair Value, Measurements, Recurring | Securitized products | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [5] | 190,112 | 99,350 |
Fair Value, Measurements, Recurring | Equity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 1,172,894 | 126,623 | |
Fair Value, Measurements, Recurring | Other | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,688 | ||
Marketable securities | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading securities | 234,117 | 1,048,062 | |
Total assets | 1,318,251 | 1,173,352 | |
Marketable securities | Fair Value, Measurements, Recurring | Japanese national government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 18,719 | 20,473 | |
Marketable securities | Fair Value, Measurements, Recurring | Japanese local government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 7,768 | 8,548 | |
Marketable securities | Fair Value, Measurements, Recurring | Japanese corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 11,472 | 8,041 | |
Marketable securities | Fair Value, Measurements, Recurring | Foreign government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [3] | 3,984 | |
Marketable securities | Fair Value, Measurements, Recurring | Foreign corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [4] | 90,801 | 88,228 |
Marketable securities | Fair Value, Measurements, Recurring | Equity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 951,390 | ||
Securities investments and other | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other investments | [1] | 13,914 | 20,395 |
Total assets | 2,750,310 | 2,242,969 | |
Securities investments and other | Fair Value, Measurements, Recurring | Japanese national government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 1,624,870 | 1,389,137 | |
Securities investments and other | Fair Value, Measurements, Recurring | Japanese local government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 59,729 | 59,021 | |
Securities investments and other | Fair Value, Measurements, Recurring | Japanese corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 207,916 | 200,667 | |
Securities investments and other | Fair Value, Measurements, Recurring | Foreign government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [3] | 157,511 | 69,539 |
Securities investments and other | Fair Value, Measurements, Recurring | Foreign corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [4] | 270,066 | 278,237 |
Securities investments and other | Fair Value, Measurements, Recurring | Securitized products | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [5] | 190,112 | 99,350 |
Securities investments and other | Fair Value, Measurements, Recurring | Equity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 221,504 | 126,623 | |
Securities investments and other | Fair Value, Measurements, Recurring | Other | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,688 | ||
Other current assets/liabilities | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative assets | [2] | 9,431 | 37,003 |
Total assets | 9,431 | 37,003 | |
Derivative liabilities | 19,852 | 20,550 | |
Total liabilities | 19,852 | 20,550 | |
Other noncurrent assets/liabilities | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative assets | [2] | 1,055 | 2,523 |
Total assets | 1,055 | 2,523 | |
Derivative liabilities | 12,970 | 15,174 | |
Total liabilities | 12,970 | 15,174 | |
Level 1 | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading securities | 22,105 | 712,113 | |
Other investments | [1] | 5,489 | 6,192 |
Derivative assets | [2] | 444 | 2,194 |
Total assets | 1,065,138 | 846,829 | |
Derivative liabilities | 136 | 1,407 | |
Total liabilities | 136 | 1,407 | |
Level 1 | Fair Value, Measurements, Recurring | Equity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 1,037,100 | 126,330 | |
Level 2 | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading securities | 212,012 | 335,949 | |
Other investments | [1] | 1,507 | 5,099 |
Derivative assets | [2] | 10,042 | 37,332 |
Total assets | 2,819,204 | 2,488,422 | |
Derivative liabilities | 32,686 | 34,317 | |
Total liabilities | 32,686 | 34,317 | |
Level 2 | Fair Value, Measurements, Recurring | Japanese national government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 1,643,589 | 1,409,610 | |
Level 2 | Fair Value, Measurements, Recurring | Japanese local government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 67,497 | 67,569 | |
Level 2 | Fair Value, Measurements, Recurring | Japanese corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 219,388 | 208,708 | |
Level 2 | Fair Value, Measurements, Recurring | Foreign government bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [3] | 161,495 | 69,539 |
Level 2 | Fair Value, Measurements, Recurring | Foreign corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [4] | 338,163 | 338,587 |
Level 2 | Fair Value, Measurements, Recurring | Securitized products | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [5] | 25,029 | 15,736 |
Level 2 | Fair Value, Measurements, Recurring | Equity securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 135,794 | 293 | |
Level 2 | Fair Value, Measurements, Recurring | Other | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,688 | ||
Level 3 | Fair Value, Measurements, Recurring | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other investments | [1] | 6,918 | 9,104 |
Total assets | 194,705 | 120,596 | |
Level 3 | Fair Value, Measurements, Recurring | Foreign corporate bonds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [4] | 22,704 | 27,878 |
Level 3 | Fair Value, Measurements, Recurring | Securitized products | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | [5] | ¥ 165,083 | ¥ 83,614 |
[1] | Other investments include certain hybrid financial instruments and certain private equity investments. | ||
[2] | Derivative assets and liabilities are recognized and disclosed on a gross basis. | ||
[3] | 2,875 million yen and 4,910 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 for the fiscal years ended March 31, 2018 and 2019, respectively, and are included in the consolidated balance sheets as securities investments and other. | ||
[4] | 160,470 million yen and 173,964 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 for the fiscal years ended March 31, 2018 and 2019, respectively. In the consolidated balance sheets, 25,955 million yen and 33,391 million yen are included as marketable securities and 134,515 million yen and 140,573 million yen are included as securities investment and other for the fiscal years ended March 31, 2018 and 2019, respectively. | ||
[5] | 93,971 million yen and 185,195 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 and level 3 for the fiscal years ended March 31, 2018 and 2019, respectively, and are included in the consolidated balance sheets as securities investments and other. |
Fair Value Measurements (Fair_2
Fair Value Measurements (Fair Value of Assets and Liabilities Measured on Recurring Basis) (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Net gains from financial instruments for which fair value option has been elected | ¥ 85 | ¥ 544 |
Level 2 | Fair Value, Measurements, Recurring | Foreign corporate bonds: foreign securities for which fair value option has been elected | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 173,964 | 160,470 |
Marketable securities | Level 2 | Fair Value, Measurements, Recurring | Foreign corporate bonds: foreign securities for which fair value option has been elected | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 33,391 | 25,955 |
Securities investments and other | Level 2 | Fair Value, Measurements, Recurring | Foreign government bonds: foreign securities for which fair value option has been elected | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 4,910 | 2,875 |
Securities investments and other | Level 2 | Fair Value, Measurements, Recurring | Foreign corporate bonds: foreign securities for which fair value option has been elected | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 140,573 | 134,515 |
Securities investments and other | Level 3 | Fair Value, Measurements, Recurring | Other: foreign securities for which fair value option has been elected | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | ¥ 185,195 | ¥ 93,971 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019JPY (¥) | Mar. 31, 2018JPY (¥) | Mar. 31, 2017JPY (¥) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Transfers into level 1 | ¥ 1,769 | ¥ 3,522 | |
Transfers out of level 1 | 2,508 | 3,086 | |
Impairments | 5,107 | ||
Semiconductors | Camera Module Business Asset Group | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 23,860 | ||
Semiconductors | Camera Module Business Asset Group | Level 3 | Measurement Input, Discount Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.10 | ||
Semiconductors | Camera Module Business Asset Group | Minimum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | (0.01) | ||
Semiconductors | Camera Module Business Asset Group | Maximum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.08 | ||
Mobile Communications | Smartphone Business Asset Group | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 19,172 | ¥ 31,341 | |
Mobile Communications | Smartphone Business Asset Group | Level 3 | Measurement Input, Discount Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.085 | 0.085 | |
Mobile Communications | Smartphone Business Asset Group | Minimum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | (0.26) | (0.08) | |
Mobile Communications | Smartphone Business Asset Group | Maximum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.24 | 0.06 | |
All Other | Storage Media Business Asset Group | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 12,858 | ||
All Other | Storage Media Business Asset Group | Level 3 | Measurement Input, Discount Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.089 | ||
All Other | Storage Media Business Asset Group | Minimum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | (0.34) | ||
All Other | Storage Media Business Asset Group | Maximum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.21 | ||
Pictures | Production and Distribution | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairments | ¥ 112,069 | ||
Pictures | Production and Distribution | Level 3 | Measurement Input, Discount Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.095 | ||
Pictures | Production and Distribution | Level 3 | Measurement Input, Revenue Multiple [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 9 | ||
Pictures | Production and Distribution | Minimum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.030 | ||
Pictures | Production and Distribution | Maximum | Level 3 | Measurement Input, Long-term Revenue Growth Rate [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements | 0.045 |
Fair Value Measurements (Change
Fair Value Measurements (Changes in Fair Value of Level Three Assets and Liabilities) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | ||
Other Investments | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | ¥ 9,104 | ¥ 10,483 | |
Total realized and unrealized gains (losses), included in earnings | [1] | 276 | (65) |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | (489) | |
Purchases | 4 | 139 | |
Sales | (6) | (10) | |
Settlements | (2,460) | (954) | |
Ending balance | 6,918 | 9,104 | |
Changes in unrealized gains (losses) relating to instruments still held at reporting date included in earnings | [1] | 441 | (65) |
Available-for-sale securities | Japanese corporate bonds | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | 1,310 | ||
Transfers out of level 3 | [3] | (1,310) | |
Available-for-sale securities | Foreign corporate bonds | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | 27,878 | 41,177 | |
Total realized and unrealized gains (losses), included in earnings | [1] | 465 | (307) |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | 131 | (84) |
Purchases | 5,787 | 12,604 | |
Settlements | (10,435) | (18,540) | |
Transfers into level 3 | [4] | 20,863 | |
Transfers out of level 3 | [3] | (21,985) | (6,972) |
Ending balance | 22,704 | 27,878 | |
Changes in unrealized gains (losses) relating to instruments still held at reporting date included in earnings | [1] | 219 | (468) |
Available-for-sale securities | Securitized products | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | 83,614 | 15,192 | |
Total realized and unrealized gains (losses), included in earnings | [1] | 562 | (3,032) |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | 1 | 1 |
Purchases | 94,696 | 74,736 | |
Settlements | (13,601) | (3,283) | |
Transfers into level 3 | [4] | 5,284 | |
Transfers out of level 3 | [3] | (5,473) | |
Ending balance | 165,083 | 83,614 | |
Changes in unrealized gains (losses) relating to instruments still held at reporting date included in earnings | [1] | ¥ 510 | ¥ (2,278) |
[1] | Earning effects are included in financial services revenue in the consolidated statements of income. | ||
[2] | Unrealized gains (losses) are included in unrealized gains (losses) on securities in the consolidated statements of comprehensive income. | ||
[3] | Certain corporate bonds and certain securitized products were transferred out of level 3 because observable market data became available. | ||
[4] | Certain corporate bonds and certain securitized products were transferred into level 3 because differences between the fair value determined by indicative quotes from dealers and the fair value determined by internally developed prices became significant and the observability of the inputs used decreased. |
Fair Value Measurements (Assets
Fair Value Measurements (Assets and Liabilities Remeasured At Fair Value on a Nonrecurring Basis) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nonrecurring changes in fair value, Amounts included in earnings | ¥ (49,242) | ¥ (53,741) |
Fair Value, Measurements, Nonrecurring | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-lived assets, Estimated fair value | 4,389 | 19,375 |
Goodwill, Estimated fair value | 0 | |
Long-lived assets impairments | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nonrecurring changes in fair value, Amounts included in earnings | (44,135) | ¥ (53,741) |
Goodwill impairments | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nonrecurring changes in fair value, Amounts included in earnings | ¥ (5,107) |
Fair Value Measurements (Estima
Fair Value Measurements (Estimated Fair Values by Fair Value Hierarchy Level of Certain Financial Instruments not Reported at Fair Value) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Housing loans in the banking business, Carrying amount | ¥ 1,685,504 | ¥ 1,522,415 | |
Total assets, Carrying amount | 20,981,586 | ¥ 19,087,752 | 19,065,538 |
Long-term debt including the current portion, Carrying amount | 740,833 | 848,973 | |
Total liabilities | 16,536,095 | ¥ 15,433,503 | 15,409,171 |
Estimated fair value | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Housing loans in the banking business, Estimated fair value | 1,861,384 | 1,686,842 | |
Total assets, Estimated fair value | 1,861,384 | 1,686,842 | |
Long-term debt including the current portion, Estimated fair value | 737,529 | 877,576 | |
Investment contracts included in policyholders' account in the life insurance business, Estimated fair value | 877,157 | 766,558 | |
Total liabilities, Estimated fair value | 1,614,686 | 1,644,134 | |
Carrying amount | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Housing loans in the banking business, Carrying amount | 1,685,504 | 1,522,415 | |
Total assets, Carrying amount | 1,685,504 | 1,522,415 | |
Long-term debt including the current portion, Carrying amount | 740,833 | 848,973 | |
Investment contracts included in policyholders' account in the life insurance business, Carrying amount | 816,903 | 738,404 | |
Total liabilities | 1,557,736 | 1,587,377 | |
Level 2 | Estimated fair value | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Housing loans in the banking business, Estimated fair value | 1,861,384 | 1,686,842 | |
Total assets, Estimated fair value | 1,861,384 | 1,686,842 | |
Long-term debt including the current portion, Estimated fair value | 737,529 | 877,576 | |
Investment contracts included in policyholders' account in the life insurance business, Estimated fair value | 877,157 | 766,558 | |
Total liabilities, Estimated fair value | ¥ 1,614,686 | ¥ 1,644,134 |
Derivative Instruments and He_3
Derivative Instruments and Hedging Activities (Estimated Fair Values of Outstanding Derivative Instruments) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Derivatives, Fair Value [Line Items] | ||
Derivative assets | ¥ 10,486 | ¥ 39,526 |
Derivative liabilities | 32,822 | 35,724 |
Designated as hedging instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 242 | 346 |
Derivative liabilities | 8,457 | 11,976 |
Designated as hedging instrument | Interest rate contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 141 | 160 |
Designated as hedging instrument | Interest rate contracts | Liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 8,274 | 10,281 |
Designated as hedging instrument | Interest rate contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 10 | 12 |
Designated as hedging instrument | Interest rate contracts | Other assets: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 101 | 286 |
Designated as hedging instrument | Foreign exchange contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 42 | 1,535 |
Designated as hedging instrument | Foreign exchange contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 131 | 48 |
Not designated as hedging instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 10,244 | 39,180 |
Derivative liabilities | 24,365 | 23,748 |
Not designated as hedging instrument | Interest rate contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 344 | 299 |
Not designated as hedging instrument | Interest rate contracts | Liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 3,637 | 3,612 |
Not designated as hedging instrument | Interest rate contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 39 | 12 |
Not designated as hedging instrument | Interest rate contracts | Other assets: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 882 | 1,871 |
Not designated as hedging instrument | Foreign exchange contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 11,549 | 17,149 |
Not designated as hedging instrument | Foreign exchange contracts | Liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 1,059 | 1,281 |
Not designated as hedging instrument | Foreign exchange contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 8,807 | 34,737 |
Not designated as hedging instrument | Foreign exchange contracts | Other assets: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 72 | 366 |
Not designated as hedging instrument | Equity Contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 7,776 | 1,407 |
Not designated as hedging instrument | Equity Contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | ¥ 444 | ¥ 2,194 |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities (Effects of Derivative Instruments on Consolidated Statements of Income) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Not designated as hedging instrument | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | ¥ (26,476) | ¥ 10,174 | ¥ (12,558) |
Not designated as hedging instrument | Interest rate contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (3,192) | (1,544) | (935) |
Not designated as hedging instrument | Foreign exchange contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (8,198) | 2,013 | (5,365) |
Not designated as hedging instrument | Foreign exchange contracts | Foreign exchange loss, net | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (7,437) | 21,370 | 12,339 |
Not designated as hedging instrument | Equity Contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (7,649) | (11,665) | (18,597) |
Fair Value Hedging | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (1,835) | (52) | 1,936 |
Fair Value Hedging | Interest rate contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (1,835) | (52) | 1,967 |
Fair Value Hedging | Foreign exchange contracts | Foreign exchange loss, net | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (31) | ||
Cash Flow Hedging | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in OCI on derivative | 2,315 | (2,295) | 6,715 |
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) | (1,093) | 1,111 | (5,583) |
Cash Flow Hedging | Foreign exchange contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in OCI on derivative | 2,315 | (2,295) | 6,715 |
Cash Flow Hedging | Foreign exchange contracts | Cost of Sales | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) | ¥ (1,093) | ¥ 1,111 | ¥ (5,583) |
Derivative Instruments and He_5
Derivative Instruments and Hedging Activities (Summary of Derivatives Additional Information Including Notional Amounts) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Foreign exchange forward contracts | ||
Derivative [Line Items] | ||
Notional amount | ¥ 701,880 | ¥ 1,105,393 |
Fair value | (304) | 7,071 |
Currency option contracts purchased | ||
Derivative [Line Items] | ||
Notional amount | 53,846 | 206 |
Fair value | 179 | 1 |
Currency option contracts written | ||
Derivative [Line Items] | ||
Notional amount | 58,825 | 156 |
Fair value | (35) | (1) |
Currency swap agreements | ||
Derivative [Line Items] | ||
Notional amount | 959,777 | 1,230,254 |
Fair value | (5,564) | 4,613 |
Other currency contracts | ||
Derivative [Line Items] | ||
Notional amount | 68,513 | 84,623 |
Fair value | 2,084 | 3,502 |
Interest rate swap agreements | ||
Derivative [Line Items] | ||
Notional amount | 339,934 | 398,291 |
Fair value | (11,346) | (12,171) |
Interest rate swaption agreements | ||
Derivative [Line Items] | ||
Notional amount | 5,300 | |
Fair value | (18) | |
Equity future contracts | ||
Derivative [Line Items] | ||
Notional amount | 58,725 | 106,876 |
Fair value | 308 | ¥ 787 |
Equity swap agreements | ||
Derivative [Line Items] | ||
Notional amount | 63,107 | |
Fair value | ¥ (7,640) |
Derivative Instruments and He_6
Derivative Instruments and Hedging Activities (Summary of Effects of Offsetting Derivative Assets, Derivative Liabilities, Financial Assets and Financial Liabilities) (Detail) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Offsetting Asset and Liabilities [Line Items] | ||
Gross amounts presented in consolidated balance sheet, Derivative asset | ¥ 10,486 | ¥ 39,526 |
Financial instruments, Derivative asset | 3,442 | 7,724 |
Cash collateral, Derivative asset | 136 | 449 |
Net amounts, Derivative asset | 6,908 | 31,353 |
Gross amounts presented in the consolidated balance sheet, Derivative liability | 32,822 | 35,724 |
Gross amounts presented in the consolidated balance sheet, Repurchase, securities lending and similar arrangements | 432,820 | 335,586 |
Financial instruments, Repurchase, securities lending and similar arrangements | 432,820 | 334,246 |
Net amounts, Repurchase, securities lending and similar arrangements | 1,340 | |
Gross amounts presented in the consolidated balance sheet, Total liabilities | 465,642 | 371,310 |
Financial instruments, Total liabilities | 436,790 | 342,572 |
Cash collateral, Total liabilities | 20,191 | 14,334 |
Net amounts, Total liabilities | 8,661 | 14,404 |
Subject to master netting arrangement | ||
Offsetting Asset and Liabilities [Line Items] | ||
Gross amounts presented in consolidated balance sheet, Derivative asset | 6,855 | 15,404 |
Financial instruments, Derivative asset | 3,442 | 7,724 |
Cash collateral, Derivative asset | 136 | 449 |
Net amounts, Derivative asset | 3,277 | 7,231 |
Gross amounts presented in the consolidated balance sheet, Derivative liability | 25,872 | 34,455 |
Financial instruments, Derivative liability | 3,970 | 8,326 |
Cash collateral, Derivative liability | 20,191 | 14,334 |
Net amounts, Derivative liability | 1,711 | 11,795 |
Not subject to master netting arrangement | ||
Offsetting Asset and Liabilities [Line Items] | ||
Gross amounts presented in consolidated balance sheet, Derivative asset | 3,631 | 24,122 |
Net amounts, Derivative asset | 3,631 | 24,122 |
Gross amounts presented in the consolidated balance sheet, Derivative liability | 6,950 | 1,269 |
Net amounts, Derivative liability | ¥ 6,950 | ¥ 1,269 |
Pension and Severance Plans - A
Pension and Severance Plans - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of the indemnities under existing regulations to employees covered by defined benefits | 65.00% | |
Expected amortization of net actuarial loss from accumulated other comprehensive income in next fiscal year | ¥ 17,759 | |
Expected amortization of prior service cost from accumulated other comprehensive income in next fiscal year | 7,153 | |
Japan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Expected contribution in defined benefit pension plans | ¥ 10,000 | |
Japan | Private equity | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments in equity securities for the pension plans | 30.00% | |
Japan | Fixed income funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments in equity securities for the pension plans | 51.00% | |
Japan | Other investment funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments in equity securities for the pension plans | 19.00% | |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Expected contribution in defined benefit pension plans | ¥ 8,000 | |
Foreign plans | Private equity | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments in equity securities for the pension plans | 22.00% | |
Foreign plans | Fixed income funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments in equity securities for the pension plans | 53.00% | |
Foreign plans | Other investment funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments in equity securities for the pension plans | 25.00% |
Pension and Severance Plans (Co
Pension and Severance Plans (Components of Net Periodic Benefit Costs) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Japan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | ¥ 23,128 | ¥ 25,185 | ¥ 26,811 |
Interest cost | 7,020 | 8,024 | 5,912 |
Expected return on plan assets | (16,695) | (16,440) | (17,829) |
Recognized actuarial loss | 15,365 | 16,099 | 20,436 |
Amortization of prior service costs | (7,864) | (8,693) | (9,490) |
Net periodic benefit costs | 20,954 | 24,175 | 25,840 |
Foreign plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | 2,780 | 3,181 | 2,958 |
Interest cost | 10,083 | 10,393 | 10,426 |
Expected return on plan assets | (11,797) | (11,687) | (11,000) |
Amortization of net transition asset | 5 | 9 | |
Recognized actuarial loss | 2,656 | 3,014 | 2,552 |
Amortization of prior service costs | (269) | (574) | (463) |
Losses on curtailments and settlements | 1,804 | 1,058 | 43 |
Net periodic benefit costs | ¥ 5,257 | ¥ 5,390 | ¥ 4,525 |
Pension and Severance Plans (Ch
Pension and Severance Plans (Changes in Benefit Obligation and Plan Assets as well as Funded Status and Composition of Amounts Recognized in Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Japan | |||
Change in benefit obligation: | |||
Benefit obligation at beginning of the fiscal year | ¥ 1,010,574 | ¥ 1,004,676 | |
Service cost | 23,128 | 25,185 | ¥ 26,811 |
Interest cost | 7,020 | 8,024 | 5,912 |
Actuarial loss | 29,295 | 21,920 | |
Other | 6 | (8) | |
Benefits paid | (35,069) | (49,223) | |
Benefit obligation at end of the fiscal year | 1,034,954 | 1,010,574 | 1,004,676 |
Change in plan assets: | |||
Fair value of plan assets at beginning of the fiscal year | 711,077 | 699,008 | |
Actual return on plan assets | 18,701 | 38,896 | |
Employer contribution | 36,875 | 6,090 | |
Benefits paid | (24,449) | (32,917) | |
Fair value of plan assets at end of the fiscal year | 742,204 | 711,077 | 699,008 |
Funded status at end of the fiscal year | (292,750) | (299,497) | |
Foreign plans | |||
Change in benefit obligation: | |||
Benefit obligation at beginning of the fiscal year | 356,397 | 352,442 | |
Service cost | 2,780 | 3,181 | 2,958 |
Interest cost | 10,083 | 10,393 | 10,426 |
Plan participants' contributions | 462 | 573 | |
Actuarial loss | 1,700 | 663 | |
Foreign currency exchange rate changes | (1,554) | 8,858 | |
Curtailments and settlements | (6,120) | (5,422) | |
Effect of changes in consolidated subsidiaries | 1,947 | ||
Benefits paid | (13,777) | (14,291) | |
Benefit obligation at end of the fiscal year | 351,918 | 356,397 | 352,442 |
Change in plan assets: | |||
Fair value of plan assets at beginning of the fiscal year | 269,745 | 259,177 | |
Actual return on plan assets | 15,243 | 13,426 | |
Foreign currency exchange rate changes | (838) | 6,181 | |
Employer contribution | 8,542 | 9,040 | |
Plan participants' contributions | 462 | 573 | |
Curtailments and settlements | (5,960) | (5,285) | |
Benefits paid | (12,445) | (13,367) | |
Fair value of plan assets at end of the fiscal year | 274,749 | 269,745 | ¥ 259,177 |
Funded status at end of the fiscal year | ¥ (77,169) | ¥ (86,652) |
Pension and Severance Plans (Am
Pension and Severance Plans (Amounts Recognized in Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Japan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Noncurrent assets | ¥ 3,476 | ¥ 3,426 |
Noncurrent liabilities | (296,226) | (302,923) |
Ending balance | (292,750) | (299,497) |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Noncurrent assets | 14,745 | 8,396 |
Current liabilities | (4,412) | (4,121) |
Noncurrent liabilities | (87,502) | (90,927) |
Ending balance | ¥ (77,169) | ¥ (86,652) |
Pension and Severance Plans (_2
Pension and Severance Plans (Amounts Recognized in Accumulated Other Comprehensive Income, Excluding Tax Effects) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Japan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Prior service cost (credit) | ¥ (8,859) | ¥ (16,723) |
Net actuarial loss | 311,128 | 299,852 |
Ending balance | 302,269 | 283,129 |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Prior service cost (credit) | (45) | (488) |
Net actuarial loss | 71,906 | 73,404 |
Ending balance | ¥ 71,861 | ¥ 72,916 |
Pension and Severance Plans (Ac
Pension and Severance Plans (Accumulated Benefit Obligations for All Defined Benefit Pension Plans) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Japan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Accumulated benefit obligations | ¥ 1,029,910 | ¥ 1,005,557 |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Accumulated benefit obligations | ¥ 336,185 | ¥ 340,353 |
Pension and Severance Plans (Pr
Pension and Severance Plans (Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Japan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligations | ¥ 1,022,235 | ¥ 998,629 |
Accumulated benefit obligations | 1,017,191 | 993,612 |
Fair value of plan assets | 726,009 | 695,706 |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligations | 200,596 | 301,046 |
Accumulated benefit obligations | 196,928 | 293,834 |
Fair value of plan assets | ¥ 123,937 | ¥ 215,510 |
Pension and Severance Plans (We
Pension and Severance Plans (Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Costs) (Detail) | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Japan | ||||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ||||
Discount rate | 0.60% | 0.80% | ||
Rate of compensation increase | [1] | |||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ||||
Discount rate | 0.80% | 0.90% | 0.60% | |
Expected return on plan assets | 2.60% | 2.40% | 2.70% | |
Rate of compensation increase | [1] | |||
Foreign plans | ||||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ||||
Discount rate | 2.80% | 2.90% | ||
Rate of compensation increase | 2.30% | 2.60% | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ||||
Discount rate | 2.90% | 3.10% | 3.20% | |
Expected return on plan assets | 4.40% | 4.60% | 4.80% | |
Rate of compensation increase | 2.60% | 2.40% | 2.80% | |
[1] | Substantially all of Sony's Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. |
Pension and Severance Plans (Fa
Pension and Severance Plans (Fair Values of Assets Held by Japanese and Foreign Plans) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |||
Japan | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | ¥ 742,204 | ¥ 711,077 | ¥ 699,008 | |||
Japan | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 10,689 | 9,446 | ||||
Japan | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [1] | 140,559 | 138,443 | |||
Japan | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [2] | 210,817 | 225,879 | |||
Japan | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [3] | 97,519 | 79,323 | |||
Japan | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [4] | 1,537 | 121 | |||
Japan | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [5] | 138,455 | 122,950 | |||
Japan | Commodity Funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [6] | 21,674 | 21,136 | |||
Japan | Private equity | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [7] | 27,956 | 24,144 | |||
Japan | Hedge funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [8] | 71,606 | 70,204 | |||
Japan | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [9] | 21,392 | 19,431 | |||
Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 274,749 | 269,745 | 259,177 | |||
Foreign plans | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 4,340 | 2,377 | ||||
Foreign plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [10] | 23,766 | 30,916 | |||
Foreign plans | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [11] | 84,761 | 78,129 | |||
Foreign plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [12] | 32,749 | 26,424 | |||
Foreign plans | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 1,115 | 960 | ||||
Foreign plans | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [13] | 76,503 | 75,785 | |||
Foreign plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [9] | 33,207 | 36,484 | |||
Foreign plans | Insurance contracts | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [14] | 18,308 | 18,670 | |||
Level 1 | Japan | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 146,402 | 143,537 | ||||
Level 1 | Japan | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 10,689 | 9,446 | ||||
Level 1 | Japan | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [1] | 135,713 | 134,091 | |||
Level 1 | Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 27,453 | 32,191 | ||||
Level 1 | Foreign plans | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 4,340 | 2,377 | ||||
Level 1 | Foreign plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [10] | 23,113 | 29,814 | |||
Level 2 | Japan | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 474,848 | 453,761 | ||||
Level 2 | Japan | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [1] | 4,846 | 4,352 | |||
Level 2 | Japan | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [2] | 210,817 | 225,879 | |||
Level 2 | Japan | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [3] | 97,519 | 79,323 | |||
Level 2 | Japan | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [4] | 1,537 | 121 | |||
Level 2 | Japan | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [5] | 138,455 | 122,950 | |||
Level 2 | Japan | Commodity Funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [6] | 21,674 | 21,136 | |||
Level 2 | Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 212,713 | 193,546 | ||||
Level 2 | Foreign plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [10] | 653 | 1,102 | |||
Level 2 | Foreign plans | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [11] | 84,761 | 78,129 | |||
Level 2 | Foreign plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [12] | 32,749 | 21,121 | |||
Level 2 | Foreign plans | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 1,115 | 960 | ||||
Level 2 | Foreign plans | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [13] | 76,503 | 75,785 | |||
Level 2 | Foreign plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [9] | 11,118 | 10,508 | |||
Level 2 | Foreign plans | Insurance contracts | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [14] | 5,814 | 5,941 | |||
Level 3 | Japan | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 120,954 | 113,779 | 106,950 | |||
Level 3 | Japan | Private equity | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 27,956 | [7] | 24,144 | [7] | 21,790 | |
Level 3 | Japan | Hedge funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 71,606 | [8] | 70,204 | [8] | 67,235 | |
Level 3 | Japan | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 21,392 | [9] | 19,431 | [9] | 17,925 | |
Level 3 | Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 34,583 | 44,008 | 29,855 | |||
Level 3 | Foreign plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 5,303 | [12] | 6,926 | |||
Level 3 | Foreign plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 22,089 | [9] | 25,976 | [9] | ¥ 22,929 | |
Level 3 | Foreign plans | Insurance contracts | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [14] | ¥ 12,494 | ¥ 12,729 | |||
[1] | Includes approximately 52 percent and 51 percent of Japanese equity securities, and 48 percent and 49 percent of foreign equity securities for the fiscal years ended March 31, 2018 and 2019, respectively. | |||||
[2] | Includes approximately 49 percent and 48 percent of debt securities issued by Japanese national and local governments, and 51 percent and 52 percent of debt securities issued by foreign national and local governments for the fiscal years ended March 31, 2018 and 2019, respectively. | |||||
[3] | Includes debt securities issued by Japanese and foreign corporation and government related agencies. | |||||
[4] | Includes primarily mortgage-backed securities. | |||||
[5] | Commingled funds represent pooled institutional investments, including primarily investment trusts. They include approximately 51 percent and 50 percent of investments in equity, 48 percent and 49 percent of investments in fixed income, and 1 percent and 1 percent of investments in other for the fiscal years ended March 31, 2018 and 2019, respectively. | |||||
[6] | Represents commodity futures funds. | |||||
[7] | Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the United States and Europe. | |||||
[8] | Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. | |||||
[9] | Includes primarily private real estate investment trusts. | |||||
[10] | Includes primarily foreign equity securities. | |||||
[11] | Includes primarily foreign government debt securities. | |||||
[12] | Includes primarily foreign corporate debt securities. | |||||
[13] | Commingled funds represent pooled institutional investments including mutual funds, common trust funds, and collective investment funds. They are primarily comprised of foreign equities and fixed income investments. | |||||
[14] | Represents annuity contracts with or without profit sharing. |
Pension and Severance Plans (_3
Pension and Severance Plans (Fair Values of Assets Held by Japanese and Foreign Plans) (Parenthetical) (Detail) - Japan | Mar. 31, 2019 | Mar. 31, 2018 |
Commingled funds | Equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 50.00% | 51.00% |
Commingled funds | Fixed Income Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 49.00% | 48.00% |
Commingled funds | Other investment funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 1.00% | 1.00% |
Japanese equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 51.00% | 52.00% |
Foreign equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 49.00% | 48.00% |
Japanese National and Local Government Debt Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 48.00% | 49.00% |
Foreign National and Local Government Debt Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 52.00% | 51.00% |
Pension and Severance Plans (Su
Pension and Severance Plans (Summary of Changes in Fair Values of Japanese and Foreign Plans' Level Three Assets) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | |||
Japan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | ¥ 711,077 | ¥ 699,008 | ||
Fair value of plan assets at end of the fiscal year | 742,204 | 711,077 | ||
Japan | Private equity | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [1] | 24,144 | ||
Fair value of plan assets at end of the fiscal year | [1] | 27,956 | 24,144 | |
Japan | Hedge funds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [2] | 70,204 | ||
Fair value of plan assets at end of the fiscal year | [2] | 71,606 | 70,204 | |
Japan | Corporate bonds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [3] | 79,323 | ||
Fair value of plan assets at end of the fiscal year | [3] | 97,519 | 79,323 | |
Japan | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [4] | 19,431 | ||
Fair value of plan assets at end of the fiscal year | [4] | 21,392 | 19,431 | |
Foreign plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 269,745 | 259,177 | ||
Fair value of plan assets at end of the fiscal year | 274,749 | 269,745 | ||
Foreign plans | Corporate bonds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [5] | 26,424 | ||
Fair value of plan assets at end of the fiscal year | [5] | 32,749 | 26,424 | |
Foreign plans | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [4] | 36,484 | ||
Fair value of plan assets at end of the fiscal year | [4] | 33,207 | 36,484 | |
Foreign plans | Insurance contracts | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [6] | 18,670 | ||
Fair value of plan assets at end of the fiscal year | [6] | 18,308 | 18,670 | |
Level 3 | Japan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 113,779 | 106,950 | ||
Return on assets held at end of year | 6,709 | 2,544 | ||
Purchases, sales, and settlements, net | 466 | 4,285 | ||
Fair value of plan assets at end of the fiscal year | 120,954 | 113,779 | ||
Level 3 | Japan | Private equity | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 24,144 | [1] | 21,790 | |
Return on assets held at end of year | 4,428 | 1,483 | ||
Purchases, sales, and settlements, net | (616) | 871 | ||
Fair value of plan assets at end of the fiscal year | [1] | 27,956 | 24,144 | |
Level 3 | Japan | Hedge funds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 70,204 | [2] | 67,235 | |
Return on assets held at end of year | 659 | 636 | ||
Purchases, sales, and settlements, net | 743 | 2,333 | ||
Fair value of plan assets at end of the fiscal year | [2] | 71,606 | 70,204 | |
Level 3 | Japan | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 19,431 | [4] | 17,925 | |
Return on assets held at end of year | 1,622 | 425 | ||
Purchases, sales, and settlements, net | 339 | 1,081 | ||
Fair value of plan assets at end of the fiscal year | [4] | 21,392 | 19,431 | |
Level 3 | Foreign plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 44,008 | 29,855 | ||
Return on assets held at end of year | 1,295 | 1,101 | ||
Purchases, sales, and settlements, net | (4,198) | 11,407 | ||
Transfers, net | (5,417) | 1,181 | ||
Other | [7] | (1,105) | 464 | |
Fair value of plan assets at end of the fiscal year | 34,583 | 44,008 | ||
Level 3 | Foreign plans | Corporate bonds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 5,303 | [5] | 6,926 | |
Purchases, sales, and settlements, net | (1,256) | |||
Transfers, net | (5,540) | |||
Other | [7] | 237 | (367) | |
Fair value of plan assets at end of the fiscal year | [5] | 5,303 | ||
Level 3 | Foreign plans | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 25,976 | [4] | 22,929 | |
Return on assets held at end of year | 559 | 1,101 | ||
Purchases, sales, and settlements, net | (3,809) | 12 | ||
Transfers, net | 123 | 1,181 | ||
Other | [7] | (760) | 753 | |
Fair value of plan assets at end of the fiscal year | [4] | 22,089 | 25,976 | |
Level 3 | Foreign plans | Insurance contracts | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [6] | 12,729 | ||
Return on assets held at end of year | 736 | |||
Purchases, sales, and settlements, net | (389) | 12,651 | ||
Other | [7] | (582) | 78 | |
Fair value of plan assets at end of the fiscal year | [6] | ¥ 12,494 | ¥ 12,729 | |
[1] | Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the United States and Europe. | |||
[2] | Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. | |||
[3] | Includes debt securities issued by Japanese and foreign corporation and government related agencies. | |||
[4] | Includes primarily private real estate investment trusts. | |||
[5] | Includes primarily foreign corporate debt securities. | |||
[6] | Represents annuity contracts with or without profit sharing. | |||
[7] | Primarily consists of translation adjustments. |
Pension and Severance Plans (Ex
Pension and Severance Plans (Expected Future Benefit Payments) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Japan | |
Defined Benefit Plan Disclosure [Line Items] | |
2020 | ¥ 41,345 |
2021 | 40,700 |
2022 | 42,487 |
2023 | 43,740 |
2024 | 46,345 |
2025 - 2029 | 238,416 |
Foreign plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2020 | 17,972 |
2021 | 17,892 |
2022 | 18,138 |
2023 | 18,896 |
2024 | 19,441 |
2025 - 2029 | ¥ 107,668 |
Pension and Severance Plans (To
Pension and Severance Plans (Total Defined Contribution Expenses) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Japan | |||
Defined Contribution Plan Disclosure [Line Items] | |||
Defined contribution expenses | ¥ 3,353 | ¥ 3,237 | ¥ 3,412 |
Foreign plans | |||
Defined Contribution Plan Disclosure [Line Items] | |||
Defined contribution expenses | ¥ 11,602 | ¥ 11,379 | ¥ 10,458 |
Stockholders' Equity (Changes i
Stockholders' Equity (Changes in Number of Shares of Common Stock Issued and Outstanding) (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Equity [Abstract] | |||
Common stock, shares issued, beginning balance | 1,266,552,149 | 1,263,763,660 | 1,262,493,760 |
Issuance of new shares | 149,900 | 218,000 | |
Exercise of stock acquisition rights | 4,525,300 | 2,565,700 | 1,269,900 |
Conversion of convertible bonds | 2,992 | 4,789 | |
Common stock, shares issued, ending balance | 1,271,230,341 | 1,266,552,149 | 1,263,763,660 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2019JPY (¥)shares | Mar. 31, 2019USD ($)shares | Mar. 31, 2018JPY (¥)shares | Mar. 31, 2017JPY (¥)shares | Mar. 31, 2017USD ($)shares | |
Stockholders Equity Note [Line Items] | |||||
Common stock shares would be issued upon conversion or exercise of all convertible bonds and stock acquisition rights outstanding | shares | 36,179,258 | ||||
Common stock had been acquired by the resolution of the Board of Directors | shares | 0 | 0 | 0 | ||
Number of shares repurchased | shares | 19,309,100 | 19,309,100 | |||
Stock repurchase amount | ¥ 100,000 | ||||
Retained earnings available for dividends to shareholders | 541,928 | ||||
Undistributed earnings of affiliated companies accounted for by equity method | ¥ 46,477 | ¥ 37,859 | |||
U.S.-based Music Publishing Subsidiary | |||||
Stockholders Equity Note [Line Items] | |||||
Percentage of equity ownership | 50.00% | 50.00% | |||
Businesses acquisition payment of cash consideration | $ | $ 750 | ||||
Decrease to additional paid-in capital resulting from difference between cash consideration paid and decrease in noncontrolling interests | ¥ 70,730 | ||||
Nile Acquisition LLC | |||||
Stockholders Equity Note [Line Items] | |||||
Percentage of equity ownership | 25.10% | ||||
Businesses acquisition payment of cash consideration | $ | $ 287.5 | ||||
Decrease to additional paid-in capital resulting from difference between cash consideration paid and decrease in noncontrolling interests | $ | $ 295.9 |
Stockholders' Equity (Changes_2
Stockholders' Equity (Changes in Accumulated Other Comprehensive Income, Net of Tax) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | ¥ 3,647,157 | ¥ 3,135,422 | ¥ 3,124,410 | ||
Cumulative effect of newly adopted ASUs | (2,118) | ||||
Other comprehensive income before reclassifications | 22,063 | (2,983) | 14,546 | ||
Amounts reclassified out of accumulated other comprehensive income | 6,929 | [1] | 8,924 | [2] | 1,545 |
Net other comprehensive income | 28,992 | 5,941 | 16,091 | ||
Less: Other comprehensive income attributable to noncontrolling interests | 7,390 | 3,918 | (18,458) | ||
Ending Balance | 4,436,690 | 3,647,157 | 3,135,422 | ||
Accumulated other comprehensive income (loss) | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (616,746) | (618,769) | (653,318) | ||
Cumulative effect of newly adopted ASUs | (15,526) | ||||
Ending Balance | (610,670) | (616,746) | (618,769) | ||
Unrealized gains (losses) on securities | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | 126,191 | 126,635 | 140,736 | ||
Cumulative effect of newly adopted ASUs | (15,526) | ||||
Other comprehensive income before reclassifications | 33,124 | 2,013 | (27,007) | ||
Amounts reclassified out of accumulated other comprehensive income | 161 | (943) | [2] | (3,286) | |
Net other comprehensive income | 33,285 | 1,070 | (30,293) | ||
Less: Other comprehensive income attributable to noncontrolling interests | 8,915 | 1,514 | (16,192) | ||
Ending Balance | 135,035 | 126,191 | 126,635 | ||
Pension liability adjustment | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (296,444) | (308,736) | (371,739) | ||
Other comprehensive income before reclassifications | (23,448) | 1,779 | 54,513 | ||
Amounts reclassified out of accumulated other comprehensive income | 9,488 | 10,611 | [2] | 8,719 | |
Net other comprehensive income | (13,960) | 12,390 | 63,232 | ||
Less: Other comprehensive income attributable to noncontrolling interests | 53 | 98 | 229 | ||
Ending Balance | (310,457) | (296,444) | (308,736) | ||
Foreign currency translation adjustments | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (445,251) | (436,610) | (421,117) | ||
Other comprehensive income before reclassifications | 10,071 | (4,480) | (17,988) | ||
Amounts reclassified out of accumulated other comprehensive income | (1,627) | (1,855) | [2] | ||
Net other comprehensive income | 8,444 | (6,335) | (17,988) | ||
Less: Other comprehensive income attributable to noncontrolling interests | (1,578) | 2,306 | (2,495) | ||
Ending Balance | (435,229) | (445,251) | (436,610) | ||
Unrealized gains (losses) on derivative instruments | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (1,242) | (58) | (1,198) | ||
Other comprehensive income before reclassifications | 2,316 | (2,295) | 5,028 | ||
Amounts reclassified out of accumulated other comprehensive income | (1,093) | 1,111 | [2] | (3,888) | |
Net other comprehensive income | 1,223 | (1,184) | 1,140 | ||
Ending Balance | ¥ (19) | ¥ (1,242) | ¥ (58) | ||
[1] | The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. | ||||
[2] | Foreign currency translation adjustments were transferred from accumulated other comprehensive income to net income as a result of a complete or substantially complete liquidation or sale of certain foreign subsidiaries and affiliates. |
Stockholders' Equity (Reclassif
Stockholders' Equity (Reclassifications Out of Accumulated Other Comprehensive Income) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Cost of sales | ¥ (5,150,750) | ¥ (5,188,259) | ¥ (4,753,010) | |
Income before income taxes | 1,011,648 | 699,049 | 251,619 | |
Tax expense or (benefit) | (45,098) | (151,770) | (124,058) | |
Net income attributable to Sony Corporation's stockholders | 916,271 | 490,794 | 73,289 | |
Amount reclassified from accumulated other comprehensive income (loss) | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net income attributable to Sony Corporation's stockholders | 6,929 | 8,924 | 1,545 | |
Amount reclassified from accumulated other comprehensive income (loss) | Unrealized gains (losses) on securities | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Financial services revenue | 235 | (646) | (4,560) | |
Gain on sale of securities investments, net | (561) | (30) | ||
Income before income taxes | 235 | (1,207) | (4,590) | |
Tax expense or (benefit) | (74) | 264 | 1,304 | |
Net income attributable to Sony Corporation's stockholders | 161 | (943) | (3,286) | |
Amount reclassified from accumulated other comprehensive income (loss) | Unrealized gains (losses) on derivative instruments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Cost of sales | (1,093) | 1,111 | (5,583) | |
Income before income taxes | (1,093) | 1,111 | (5,583) | |
Tax expense or (benefit) | 1,695 | |||
Net income attributable to Sony Corporation's stockholders | (1,093) | 1,111 | (3,888) | |
Amount reclassified from accumulated other comprehensive income (loss) | Pension liability adjustment | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Pension liability adjustment | [1] | 9,891 | 11,034 | 13,044 |
Tax expense or (benefit) | (403) | (423) | (4,325) | |
Net income attributable to Sony Corporation's stockholders | 9,488 | 10,611 | ¥ 8,719 | |
Amount reclassified from accumulated other comprehensive income (loss) | Foreign currency translation adjustments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Foreign currency translation adjustments | (1,627) | (1,855) | ||
Net income attributable to Sony Corporation's stockholders | ¥ (1,627) | ¥ (1,855) | ||
[1] | The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. |
Stockholders' Equity (Net Incom
Stockholders' Equity (Net Income Attributable to Sony Corporation's Stockholders and Transfers (to) from Noncontrolling Interests) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Equity [Abstract] | |||
Net income attributable to Sony Corporation's stockholders | ¥ 916,271 | ¥ 490,794 | ¥ 73,289 |
Transfers (to) from the noncontrolling interests: | |||
Decrease in additional paid-in capital for purchase of additional shares in consolidated subsidiaries | (22,775) | (74) | (53,927) |
Change from net income attributable to Sony Corporation's stockholders and transfers (to) from the noncontrolling interests | ¥ 893,496 | ¥ 490,720 | ¥ 19,362 |
Stock-Based Compensation Plan_2
Stock-Based Compensation Plans - Additional Information (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock-based compensation expense | ¥ 5,499 | ¥ 5,249 | ¥ 2,737 |
Total cash received from exercise of stock-based compensation plans | ¥ 12,757 | ¥ 7,129 | ¥ 2,730 |
Stock Acquisition Rights Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Equity-based compensation plan, vesting period | 3 years | ||
Weighted-average fair value per share of stock acquisition rights granted | ¥ 1,593 | ¥ 2,045 | ¥ 1,291 |
Total intrinsic value of shares exercised under stock acquisition rights plan | ¥ 13,325 | ¥ 6,970 | ¥ 1,541 |
Total unrecognized compensation expense | ¥ 5,159 | ||
Total unrecognized compensation expense, weighted-average period to be recognized | 1 year 11 months 8 days | ||
Stock Acquisition Rights Plan | Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Equity-based compensation plan, expiration period | 10 years |
Stock-Based Compensation Plan_3
Stock-Based Compensation Plans (Weighted-Average Assumptions used to Determine Fair Value of Stock Acquisition Rights Granted) (Detail) | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Risk-free interest rate | 1.37% | 1.14% | 1.10% | |
Expected lives | 5 years 11 months 23 days | 6 years 6 months 18 days | 6 years 9 months 29 days | |
Expected volatility | [1] | 32.52% | 38.49% | 40.00% |
Expected dividends | 0.35% | 0.40% | 0.66% | |
[1] | Expected volatility was based on the historical volatilities of Sony Corporation's common stock over the expected life of the stock acquisition rights. |
Stock-Based Compensation Plan_4
Stock-Based Compensation Plans (Summary of Activities Regarding Stock Acquisition Rights Plan) (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Number of shares | |||
Exercised | 4,525,300 | 2,565,700 | 1,269,900 |
Stock Acquisition Rights Plan | |||
Number of shares | |||
Outstanding at beginning of the fiscal year | 14,005,900 | ||
Granted | 2,907,300 | ||
Exercised | 4,525,300 | ||
Forfeited or expired | 174,000 | ||
Outstanding at end of the fiscal year | 12,213,900 | 14,005,900 | |
Exercisable at end of the fiscal year | 5,820,800 | ||
Weighted average exercise price | |||
Outstanding at beginning of the fiscal year | ¥ 3,017 | ||
Granted | 5,108 | ||
Exercised | 2,819 | ||
Forfeited or expired | 3,862 | ||
Outstanding at end of the fiscal year | 3,665 | ¥ 3,017 | |
Exercisable at end of the fiscal year | ¥ 2,855 | ||
Weighted-average remaining life | |||
Outstanding at end of the fiscal year | 7 years 5 months 15 days | ||
Exercisable at end of the fiscal year | 5 years 10 months 2 days | ||
Total intrinsic Value | |||
Outstanding at end of the fiscal year | ¥ 11,133 | ||
Exercisable at end of the fiscal year | ¥ 9,867 |
Kumamoto Earthquake - Additiona
Kumamoto Earthquake - Additional Information (Detail) - JPY (¥) ¥ in Millions | 1 Months Ended | 12 Months Ended | ||
Apr. 30, 2017 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Business Interruption Loss [Line Items] | ||||
Incremental losses and associated expenses directly related to the damage caused by earthquakes, together with other expenses | ¥ 5,150,750 | ¥ 5,188,259 | ¥ 4,753,010 | |
Insurance claim paid by insurance carriers | ¥ 20,000 | |||
Other Operating Revenue | ||||
Business Interruption Loss [Line Items] | ||||
Difference amount recorded in other operating revenue from insurance recoveries | 9,318 | |||
Repair Costs of Fixed Assets and a Loss on Disposal of Inventories | ||||
Business Interruption Loss [Line Items] | ||||
Incremental losses and associated expenses directly related to the damage caused by earthquakes, together with other expenses | 16,682 | |||
Insurance recoveries | 10,682 | |||
Insurance receivables agreed by insurance carriers | 10,000 | |||
Remaining insurance receivables | 682 | |||
Amount due to certain carrier as reinsurance | 2,000 | |||
Amount paid to insurance carriers | ¥ 2,000 | |||
Idle Facility Costs at Manufacturing Sites | ||||
Business Interruption Loss [Line Items] | ||||
Incremental losses and associated expenses directly related to the damage caused by earthquakes, together with other expenses | ¥ 9,365 | |||
Business Interruption Coverage | ||||
Business Interruption Loss [Line Items] | ||||
Insurance receivables agreed by insurance carriers | ¥ 10,000 |
Revenue - Schedule of Contract
Revenue - Schedule of Contract Assets and Contract Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | |
Contract with customer, asset and liability | |||
Contract assets | ¥ 19,147 | ¥ 15,241 | |
Contract liabilities | [1] | ¥ 254,646 | ¥ 258,327 |
[1] | Contract liabilities are included in the consolidated balance sheets as "Other", both current and non-current. |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Revenue From Contract With Customers [Line Items] | |
Revenue recognized related to contract liability | ¥ 201,628 |
Revenue recognized related to performance obligation satisfied in previous period | ¥ 49,223 |
Remaining performance obligation expected timing of satisfaction, description | Remaining (unsatisfied or partially unsatisfied) performance obligations represent future revenues not yet recorded for firm orders that have not yet been performed. Sony applies practical expedients to exclude certain information about the remaining performance obligations, primarily related to contracts with an expected original duration of less than one year, and sales-based or usage-based royalty revenue on licenses of intellectual property. |
Remaining performance obligation expected timing of satisfaction, explanation | More than half are expected to be recognized within one year and substantially all within three years. |
Amortization of contract costs | ¥ 7,666 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-03-31 | Minimum | |
Revenue From Contract With Customers [Line Items] | |
Remaining performance obligation expected timing of satisfaction | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-03-31 | Maximum | |
Revenue From Contract With Customers [Line Items] | |
Remaining performance obligation expected timing of satisfaction | 3 years |
Revenue - Summary of Remaining
Revenue - Summary of Remaining Performance Obligations that are Unsatisfied (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) | |
Music | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | ||
Revenue, remaining performance obligation | ¥ 93,783 | [1] |
Others | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | ||
Revenue, remaining performance obligation | 45,597 | |
Motion Pictures and Television Productions | Pictures | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | ||
Revenue, remaining performance obligation | 476,197 | [2] |
Media Networks | Pictures | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | ||
Revenue, remaining performance obligation | ¥ 25,996 | |
[1] | Amount included in the Music segment primarily consists of minimum royalty guarantees or fixed fees in contracts related to license revenue for ongoing access to an evolving library of content. These contracts also include sales-based or usage-based royalties that are excluded from the amount above, of which substantially all are recognized as revenue within three years. | |
[2] | For Motion Pictures and Television Productions in the Pictures segment, Sony has included all contracts regardless of duration. |
Revenue - Schedule of Contrac_2
Revenue - Schedule of Contract Costs (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 |
Obtaining Contract | ||
Capitalized Contract Cost [Line Items] | ||
Capitalized contract cost | ¥ 6,581 | ¥ 7,703 |
Revenue - Summary of Remainin_2
Revenue - Summary of Remaining Performance Obligations that are Unsatisfied (Parenthetical) (Detail) - Maximum - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-03-31 | Mar. 31, 2019 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Remaining performance obligation expected timing of satisfaction | 3 years |
Music | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Remaining performance obligation expected timing of satisfaction | 3 years |
Restructuring Charges - Additio
Restructuring Charges - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Restructuring Charges [Line Items] | |||
Restructuring and related activities, term description | The restructuring activities are generally short term in nature and are generally completed within one year of initiation. | ||
Restructuring costs | ¥ 33,005 | ¥ 22,379 | ¥ 59,713 |
Battery Business Asset Group | Discontinued Operations, Held-for-sale | Other Operating Expense, Net | |||
Restructuring Charges [Line Items] | |||
Impairment losses recorded as a result of fair value valuation of assets and liabilities | 42,298 | ||
Music | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 3,192 | 6,630 | 3,590 |
Pictures | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 4,795 | 2,922 | 2,467 |
Mobile Communications | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 16,011 | 2,026 | ¥ 688 |
Headcount Reduction | Music | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 3,192 | ¥ 6,630 | |
Headcount Reduction | Pictures | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 4,795 | ||
Manufacturing Sites and Sales Officers in Overseas [Member] | Mobile Communications | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | ¥ 16,011 |
Restructuring Charges (Changes
Restructuring Charges (Changes in Accrued Restructuring Charges) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Restructuring Cost and Reserve [Line Items] | ||||
Accrued restructuring charges, beginning balance | ¥ 23,674 | ¥ 20,801 | ¥ 34,266 | |
Restructuring costs | 33,005 | 22,379 | 59,713 | |
Non-cash charges | (2,731) | (2,233) | (42,717) | |
Cash payments | (21,705) | (16,302) | (28,630) | |
Adjustments | 598 | (971) | (1,831) | |
Accrued restructuring charges, ending balance | 32,841 | 23,674 | 20,801 | |
Employee termination benefits | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Accrued restructuring charges, beginning balance | 19,486 | 11,634 | 22,531 | |
Restructuring costs | 24,449 | 18,999 | 9,854 | |
Cash payments | (19,150) | (9,950) | (19,759) | |
Adjustments | 955 | (1,197) | (992) | |
Accrued restructuring charges, ending balance | 25,740 | 19,486 | 11,634 | |
Non-cash write-downs and disposals, net | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 2,731 | 2,233 | 42,717 |
Non-cash charges | [1] | (2,731) | (2,233) | (42,717) |
Other associated costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Accrued restructuring charges, beginning balance | 4,188 | 9,167 | 11,735 | |
Restructuring costs | 5,825 | 1,147 | 7,142 | |
Cash payments | (2,555) | (6,352) | (8,871) | |
Adjustments | (357) | 226 | (839) | |
Accrued restructuring charges, ending balance | ¥ 7,101 | ¥ 4,188 | ¥ 9,167 | |
[1] | Significant asset impairments excluded from restructuring charges are described in Note 13. |
Restructuring Charges (Total Co
Restructuring Charges (Total Costs Incurred in Connection with Restructuring Programs by Segment) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | ¥ 33,005 | ¥ 22,379 | ¥ 59,713 | |
Depreciation associated with restructured assets | 86 | 26 | 502 | |
Total | 33,091 | 22,405 | 60,215 | |
Game & Network Services | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 231 | |||
Total | 231 | |||
Music | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 3,192 | 6,630 | 3,590 | |
Total | 3,192 | 6,630 | 3,590 | |
Pictures | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 4,795 | 2,922 | 2,467 | |
Total | 4,795 | 2,922 | 2,467 | |
Home Entertainment & Sound | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 852 | 752 | ||
Total | 852 | 752 | ||
Imaging Products & Solutions | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 624 | 640 | ||
Total | 624 | 640 | ||
Mobile Communications | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 16,011 | 2,026 | 688 | |
Depreciation associated with restructured assets | 86 | 0 | 138 | |
Total | 16,097 | 2,026 | 826 | |
Semiconductors | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 28 | (9) | ||
Total | 28 | (9) | ||
All Other and Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 9,007 | 9,297 | 51,354 | |
Depreciation associated with restructured assets | 26 | 364 | ||
Total | 9,007 | 9,323 | 51,718 | |
Employee termination benefits | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 24,449 | 18,999 | 9,854 | |
Employee termination benefits | Game & Network Services | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 225 | |||
Employee termination benefits | Music | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 2,991 | 6,358 | 2,116 | |
Employee termination benefits | Pictures | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 4,795 | 2,922 | 2,467 | |
Employee termination benefits | Home Entertainment & Sound | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 846 | 68 | ||
Employee termination benefits | Imaging Products & Solutions | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 530 | 563 | ||
Employee termination benefits | Mobile Communications | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 11,437 | 2,008 | 516 | |
Employee termination benefits | Semiconductors | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 28 | 4 | ||
Employee termination benefits | All Other and Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 5,226 | 6,307 | 3,895 | |
Other associated costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 8,556 | 3,380 | 49,859 |
Other associated costs | Game & Network Services | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 6 | ||
Other associated costs | Music | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 201 | 272 | 1,474 |
Other associated costs | Home Entertainment & Sound | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 6 | 684 | |
Other associated costs | Imaging Products & Solutions | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 94 | 77 | |
Other associated costs | Mobile Communications | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 4,574 | 18 | 172 |
Other associated costs | Semiconductors | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | (13) | ||
Other associated costs | All Other and Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | ¥ 3,781 | ¥ 2,990 | ¥ 47,459 |
[1] | Other associated costs includes non-cash write-downs and disposals, net |
Supplemental Consolidated Sta_3
Supplemental Consolidated Statements of Income Information (Components of Other Operating (Income) Expense, Net) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Component Of Other Operating Income And Expense [Line Items] | ||||
(Gain) loss on purchase/sale of interests in subsidiaries and affiliates, net | [1] | ¥ (1,496) | ¥ (29,595) | ¥ (4,259) |
(Gain) loss on sale, disposal or impairment of assets, net | [2] | 46,928 | 38,599 | 195,341 |
Other operating (income) expense, net | (71,568) | 4,072 | 149,001 | |
EMI Music Publishing | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
Gain on remeasurement of EMI shares | [3] | (116,939) | ||
M3, Inc. | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
Gain on sale and issuance of M3 shares | [4] | ¥ (61) | (18) | (37,167) |
Sony City Osaki | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
Gain on sale of building | [5] | ¥ (4,914) | ¥ (4,914) | |
[1] | Refer to Notes 25 and 26. | |||
[2] | Refer to Notes 9, 13, 20 and 26. | |||
[3] | Refer to Notes 5 and 25. | |||
[4] | Refer to Note 5. | |||
[5] | A portion of gain on sale and leaseback transactions is deferred and is amortized on a straight-line basis over the lease term. |
Supplemental Consolidated Sta_4
Supplemental Consolidated Statements of Income Information - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Components of Other Income (Expense) [Line Items] | |||
Research and development costs | ¥ 481,202 | ¥ 458,518 | ¥ 447,456 |
Advertising costs included in selling general and administrative expenses | 385,500 | 407,106 | 363,815 |
Selling, general and administrative expenses | 1,576,825 | 1,583,197 | 1,505,956 |
Shipping and Handling [Member] | |||
Components of Other Income (Expense) [Line Items] | |||
Selling, general and administrative expenses | ¥ 51,757 | ¥ 46,252 | ¥ 42,195 |
Income Taxes (Components of Dom
Income Taxes (Components of Domestic and Foreign Income and Provision for Current and Deferred Income Taxes) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Income before income taxes: | |||
Sony Corporation and all subsidiaries in Japan | ¥ 310,020 | ¥ 436,494 | ¥ 166,158 |
Foreign subsidiaries | 701,628 | 262,555 | 85,461 |
Income before income taxes | 1,011,648 | 699,049 | 251,619 |
Income taxes - Current: | |||
Sony Corporation and all subsidiaries in Japan | 82,081 | 69,697 | 49,739 |
Foreign subsidiaries | 84,667 | 57,988 | 50,521 |
Current | 166,748 | 127,685 | 100,260 |
Income taxes - Deferred: | |||
Sony Corporation and all subsidiaries in Japan | 17,907 | 29,640 | 11,478 |
Foreign subsidiaries | (139,557) | (5,555) | 12,320 |
Deferred | (121,650) | 24,085 | 23,798 |
Total income tax expense | ¥ 45,098 | ¥ 151,770 | ¥ 124,058 |
Income Taxes (Reconciliation of
Income Taxes (Reconciliation of Statutory Tax Rate and Effective Tax Rate) (Detail) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Reconciliation of Effective Income Tax Rate [Line Items] | |||
Statutory tax rate | 31.50% | 31.50% | 31.70% |
Non-deductible expenses | 0.70% | 0.80% | 2.30% |
Income tax credits | (1.60%) | (0.60%) | (2.90%) |
Change in statutory tax rate and law | (0.30%) | (1.20%) | 0.30% |
Change in valuation allowances (other than the reversal of Sony Americas Holding Inc. ("SAHI") and its U.S. consolidated tax filing group below) | 2.30% | (5.20%) | 7.30% |
The reversal of valuation allowances of SAHI and its U.S. consolidated tax filing group | (15.30%) | ||
Change in deferred tax liabilities on undistributed earnings of foreign subsidiaries and corporate joint ventures | (0.10%) | (0.80%) | (1.40%) |
Lower tax rate applied to life and non-life insurance business in Japan | (0.50%) | (0.80%) | (2.20%) |
Foreign income tax differential | (6.40%) | (2.60%) | (3.00%) |
Adjustments to tax reserves | (0.30%) | (0.80%) | (1.10%) |
Effect of equity in net income of affiliated companies | 0.00% | 0.00% | 0.00% |
The remeasurement gain for the equity interest in EMI | (2.40%) | ||
Other | (3.10%) | 1.40% | 3.30% |
Effective income tax rate | 4.50% | 21.70% | 49.30% |
Pictures | |||
Reconciliation of Effective Income Tax Rate [Line Items] | |||
Impairment of goodwill in the Pictures segment | 15.00% |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - JPY (¥) ¥ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | 15 Months Ended | 20 Months Ended | |||
Mar. 31, 2017 | Dec. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2019 | Dec. 31, 2017 | Mar. 31, 2016 | |
Income Taxes [Line Items] | ||||||||
Statutory tax rate | 31.50% | 31.50% | 31.70% | |||||
Minimum base erosion anti abuse tax | 10.00% | 6.25% | ||||||
Beat threshold percentage | 3.00% | |||||||
Net increase (decrease) in total valuation allowance | ¥ 154,201 | ¥ 176,721 | ¥ 152,129 | ¥ 3,894 | ||||
Undistributed earnings of foreign subsidiaries and corporate joint ventures not expected to be remitted, for which deferred income taxes have not been provided | 1,317,603 | ¥ 1,317,603 | ||||||
Deferred tax liabilities not accounted for undistributed earnings | 21,082 | 21,082 | ||||||
Operating loss carryforwards for tax purposes | 413,494 | 439,206 | 413,494 | |||||
Operating loss carryforwards for tax purposes with no expiration period | 162,194 | 162,194 | ||||||
Tax credit carryforwards | 117,471 | 125,327 | 117,471 | |||||
Tax credit carryforwards with no expiration period | 20,127 | 20,127 | ||||||
Interest expense recorded | (1,479) | 1,053 | 474 | |||||
Penalties recorded | 218 | 876 | (597) | |||||
Liabilities recorded for the payments of interest | ¥ 9,735 | 9,309 | 10,788 | 9,735 | 9,309 | |||
Liabilities recorded for the payments of penalties | ¥ 3,761 | 4,855 | ¥ 4,637 | ¥ 3,761 | 4,855 | |||
Maximum unrecognized tax benefits expected reduction within the next 12 months | 1,639 | ¥ 1,639 | ||||||
Sony Music Entertainment (Japan) Inc | ||||||||
Income Taxes [Line Items] | ||||||||
Gain on sale of subsidiary stock | ¥ 61,544 | |||||||
U.S. [Member] | ||||||||
Income Taxes [Line Items] | ||||||||
Statutory tax rate | 21.00% | 35.00% | ||||||
Fiscal year ended March 31, 2018 | ||||||||
Income Taxes [Line Items] | ||||||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 55.00% | |||||||
Fiscal year beginning on or after April 1, 2018 | ||||||||
Income Taxes [Line Items] | ||||||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 50.00% | 50.00% | ||||||
Fiscal year ended March 31, 2017 and onward | ||||||||
Income Taxes [Line Items] | ||||||||
Statutory tax rate | 31.50% | |||||||
Earliest Tax Year | ||||||||
Income Taxes [Line Items] | ||||||||
Total net operating loss carryforwards expiration date | Mar. 31, 2020 | |||||||
Tax credit carryforwards expiration date | Mar. 31, 2020 | |||||||
Earliest Tax Year | Domestic country | ||||||||
Income Taxes [Line Items] | ||||||||
Tax years subject to examinations | 2009 | |||||||
Earliest Tax Year | Foreign country | ||||||||
Income Taxes [Line Items] | ||||||||
Tax years subject to examinations | 2006 | |||||||
Earliest Tax Year | Us Tax Authority [Member] | ||||||||
Income Taxes [Line Items] | ||||||||
Tax years subject to examinations | 2015 | |||||||
Latest Tax Year | ||||||||
Income Taxes [Line Items] | ||||||||
Total net operating loss carryforwards expiration date | Mar. 31, 2024 | |||||||
Tax credit carryforwards expiration date | Mar. 31, 2029 | |||||||
Latest Tax Year | Domestic country | ||||||||
Income Taxes [Line Items] | ||||||||
Tax years subject to examinations | 2018 | |||||||
Latest Tax Year | Foreign country | ||||||||
Income Taxes [Line Items] | ||||||||
Tax years subject to examinations | 2018 | |||||||
Latest Tax Year | Us Tax Authority [Member] | ||||||||
Income Taxes [Line Items] | ||||||||
Tax years subject to examinations | 2018 |
Income Taxes (Components of Def
Income Taxes (Components of Deferred Tax Assets and Liabilities) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Deferred tax assets: | ||
Operating loss carryforwards for tax purposes | ¥ 413,494 | ¥ 439,206 |
Accrued pension and severance costs | 103,652 | 106,161 |
Amortization including film costs | 86,196 | 95,069 |
Warranty reserves and accrued expenses | 108,515 | 104,410 |
Future insurance policy benefits | 36,683 | 33,812 |
Inventory | 19,716 | 15,792 |
Depreciation | 34,638 | 43,353 |
Tax credit carryforwards | 117,471 | 125,327 |
Reserve for doubtful accounts | 9,136 | 8,534 |
Impairment of investments | 12,278 | 14,146 |
Deferred revenue | 19,081 | 14,478 |
Other | 169,897 | 132,800 |
Gross deferred tax assets | 1,130,757 | 1,133,088 |
Less: Valuation allowance | (723,114) | (899,835) |
Total deferred tax assets | 407,643 | 233,253 |
Deferred tax liabilities: | ||
Insurance acquisition costs | (169,244) | (166,717) |
Future insurance policy benefits | (181,052) | (167,058) |
Unrealized gains on securities | (75,573) | (83,298) |
Gain on equity securities | (33,082) | |
Intangible assets acquired through stock exchange offerings | (23,949) | (23,949) |
Undistributed earnings of foreign subsidiaries and corporate joint ventures | (15,758) | (14,160) |
Investment in M3 | (37,007) | (35,802) |
Other | (62,092) | (32,164) |
Gross deferred tax liabilities | (736,578) | (586,344) |
Net deferred tax liabilities | (328,935) | (353,091) |
Pictures | ||
Deferred tax liabilities: | ||
Unbilled accounts receivable in the Pictures segment | (44,842) | ¥ (63,196) |
EMI Music Publishing | ||
Deferred tax liabilities: | ||
Intangible assets acquired through stock exchange offerings | ¥ (93,979) |
Income Taxes (Reconciliation _2
Income Taxes (Reconciliation of Beginning and Ending Gross Amounts of Unrecognized Tax Benefits) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of the fiscal year | ¥ 95,425 | ¥ 119,529 | ¥ 114,126 |
Reductions for tax positions of prior years | (31,396) | (8,809) | (558) |
Additions for tax positions of prior years | 3,094 | 4,681 | 13,353 |
Additions based on tax positions related to the current year | 2,594 | 5,740 | 8,231 |
Settlements | (4,235) | (21,893) | (8,300) |
Lapse in statute of limitations | (14,824) | (3,469) | (3,454) |
Foreign currency translation adjustments | (81) | (354) | (3,869) |
Balance at end of the fiscal year | 50,577 | 95,425 | 119,529 |
Total net amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate | ¥ 35,004 | ¥ 39,308 | ¥ 45,987 |
Reconciliation of the Differe_3
Reconciliation of the Differences between Basic and Diluted EPS (Reconciliation of the Differences between Basic and Diluted EPS) (Detail) - JPY (¥) ¥ / shares in Units, shares in Thousands, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |||
Net income attributable to Sony Corporation's stockholders for basic and diluted EPS computation | ¥ 916,271 | ¥ 490,794 | ¥ 73,289 |
Weighted-average shares outstanding | 1,266,592 | 1,263,895 | 1,262,023 |
Effect of dilutive securities: | |||
Stock acquisition rights | 4,088 | 4,565 | 2,358 |
Zero coupon convertible bonds | 23,966 | 23,960 | 23,962 |
Weighted-average shares for diluted EPS computation | 1,294,646 | 1,292,420 | 1,288,343 |
Basic EPS | ¥ 723.41 | ¥ 388.32 | ¥ 58.07 |
Diluted EPS | ¥ 707.74 | ¥ 379.75 | ¥ 56.89 |
Reconciliation of the Differe_4
Reconciliation of the Differences between Basic and Diluted EPS - Additional Information (Detail) - shares shares in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |||
Potential shares of common stock upon the exercise of stock acquisition rights and convertible bonds excluded from the computation of diluted EPS | 5,731 | 2,921 | 6,856 |
Variable Interest Entities - Ad
Variable Interest Entities - Additional Information (Detail) - Joint ventures with companies involved in production and creation of recorded music ¥ in Millions | Mar. 31, 2019JPY (¥) |
Variable Interest Entity [Line Items] | |
Variable interest entity primary beneficiary, aggregate total assets | ¥ 47,700 |
Variable interest entity primary beneficiary, aggregate total liabilities | ¥ 27,861 |
Acquisitions - Additional Infor
Acquisitions - Additional Information (Detail) ¥ in Millions, $ in Millions | Nov. 14, 2018JPY (¥) | Nov. 14, 2018USD ($) | Feb. 28, 2017JPY (¥) | Feb. 28, 2017USD ($) | Mar. 31, 2019JPY (¥) | Mar. 31, 2019USD ($) | Mar. 31, 2019JPY (¥) | Mar. 31, 2019USD ($) | Mar. 31, 2018JPY (¥) | Mar. 31, 2018USD ($) | Mar. 31, 2017JPY (¥) | Mar. 31, 2017USD ($) | Nov. 14, 2018USD ($) | Sep. 15, 2017JPY (¥) | Sep. 15, 2017USD ($) | Mar. 31, 2017USD ($) |
Business Acquisition [Line Items] | ||||||||||||||||
Goodwill | ¥ 768,552 | ¥ 768,552 | ¥ 530,492 | ¥ 522,538 | ||||||||||||
Revenue | 8,665,687 | 8,543,982 | 7,603,250 | |||||||||||||
Operating income | 894,235 | 734,860 | 288,702 | |||||||||||||
TEN Sports Network [Member] | ||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||
Business acquisition total consideration | ¥ 39,106 | $ 346 | ||||||||||||||
Cash consideration for acquisition | 1,772 | $ 16 | 37,298 | $ 330 | ||||||||||||
Cash consideration payable | ¥ 2,316 | $ 21 | ||||||||||||||
Goodwill | 26,489 | $ 235 | ||||||||||||||
Intangible assets acquired | 14,910 | $ 132 | ||||||||||||||
Other acquisitions | ||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||
Business acquisition total consideration | 7,743 | 27,459 | 12,409 | |||||||||||||
Goodwill | 5,773 | 5,773 | 20,013 | 12,384 | ||||||||||||
Intangible assets acquired | 4,422 | 4,422 | ¥ 4,980 | ¥ 7,073 | ||||||||||||
Significant amounts allocated to in-process research and development | 0 | |||||||||||||||
EMI Music Publishing | ||||||||||||||||
Business Acquisition [Line Items] | ||||||||||||||||
Cash consideration for acquisition | ¥ 257,168 | $ 2,269 | ||||||||||||||
Goodwill | ¥ 237,271 | |||||||||||||||
Step acquisition, percentage of equity interest acquired | 60.00% | 60.00% | ||||||||||||||
Revenue | 18,420 | $ 167 | 28,871 | $ 260 | ||||||||||||
Operating income | ¥ 4,522 | $ 41 | ¥ 6,432 | $ 58 | ||||||||||||
Step acquisition, percentage of equity ownership immediately before additional acquisition | 40.00% | 40.00% | ||||||||||||||
Equity interest owned prior to acquisition at fair value | ¥ 141,141 | 1,245 | ||||||||||||||
Recognized gain on remeasured equity interest | 116,939 | 1,032 | ||||||||||||||
Interest bearing debt amount | 148,621 | $ 1,311 | ||||||||||||||
Debt repayment | ¥ 108,942 | $ 961 | ||||||||||||||
Weighted average amortization period | 43 years | 43 years |
Acquisitions - Summary of Purch
Acquisitions - Summary of Purchase Price Allocation (Detail) ¥ in Millions, $ in Millions | Mar. 31, 2019JPY (¥) | Nov. 14, 2018JPY (¥) | Nov. 14, 2018USD ($) | Mar. 31, 2018JPY (¥) | Mar. 31, 2017JPY (¥) |
Business Combination, Transactions [Line Items] | |||||
Goodwill | ¥ 768,552 | ¥ 530,492 | ¥ 522,538 | ||
EMI Music Publishing | |||||
Business Combination, Transactions [Line Items] | |||||
Cash and cash equivalents | ¥ 12,971 | ||||
Notes and accounts receivable, trade and contract assets | 32,287 | ||||
Prepaid expenses and other current assets | 10,220 | ||||
Securities investments and other | 1,476 | ||||
Intangibles, net | 420,534 | ||||
Goodwill | 237,271 | ||||
Other | 10,023 | ||||
Total assets | 724,782 | ||||
Notes and accounts payable, trade | 1,731 | ||||
Accounts payable, other and accrued expenses | 70,675 | ||||
Accrued income and other taxes | 3,082 | ||||
Long-term debt | 148,621 | $ 1,311 | |||
Accrued pension and severance costs | 1,947 | ||||
Deferred income taxes | 94,849 | ||||
Other | 5,564 | ||||
Total liabilities | ¥ 326,469 |
Acquisitions - Unaudited Supple
Acquisitions - Unaudited Supplemental Pro Forma Financial Information (Detail) - EMI Music Publishing - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net sales | ¥ 8,738,209 | ¥ 8,612,280 |
Operating income | 801,973 | 854,786 |
Net income attributable to Sony Corporation's stockholders | ¥ 817,629 | ¥ 584,019 |
- Basic EPS | ¥ 645.53 | ¥ 462.08 |
- Diluted EPS | ¥ 631.55 | ¥ 451.88 |
Divestitures - Additional Infor
Divestitures - Additional Information (Detail) ¥ in Millions, $ in Millions | Apr. 01, 2017USD ($) | Mar. 31, 2018JPY (¥) | Mar. 31, 2017JPY (¥) |
Battery Business Asset Group | Discontinued Operations, Held-for-sale | Other Operating Expense, Net | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Impairment losses recorded as a result of fair value valuation of assets and liabilities | ¥ | ¥ 42,298 | ||
Sony Electronics Huanan Co., Ltd [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Consideration for sale of subsidiaries | $ | $ 234 | ||
Sales price of business | $ | $ 95 | ||
Gain (loss) on sale of investments | ¥ | ¥ 28,262 |
Collaborative Arrangements - Ad
Collaborative Arrangements - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] | |||
Cost of sales | ¥ 5,150,750 | ¥ 5,188,259 | ¥ 4,753,010 |
Net sales | 8,665,687 | 8,543,982 | 7,603,250 |
Pictures | |||
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] | |||
Net sales | ¥ 985,270 | 1,010,173 | 901,230 |
Pictures | Collaborative Arrangements, Co-production and Distribution Arrangements | |||
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] | |||
Collaborative arrangement, income statement classification description | Sony and the other participants typically share in the profits from the distribution of the product in all media or markets. For motion pictures, if Sony is a net receiver of (1) Sony’s share of the profits from the media or markets distributed by the other participants less (2) the other participants’ share of the profits from the media or markets distributed by Sony then the net amount is recorded as net sales. If Sony is a net payer then the net amount is recorded in cost of sales. For television programming, Sony records its share of the profits from the media or markets distributed by the other participants as sales, and the other participants’ share of the profits from the media or markets distributed by Sony as cost of sales. | ||
Cost of sales | ¥ 22,702 | 24,280 | 29,594 |
Net sales | ¥ 42,343 | ¥ 49,547 | ¥ 44,124 |
Commitments, Contingent Liabi_3
Commitments, Contingent Liabilities and Other - Additional Information (Detail) € in Millions, ¥ in Millions | 1 Months Ended | 12 Months Ended |
Oct. 31, 2015EUR (€) | Mar. 31, 2019JPY (¥) | |
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 593,338 | |
Litigation case about optical disk drive business, fine from European Commission | € | € 31 | |
Maximum potential amount of future payments under guarantees | 2,531 | |
Financial Services | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Unused portion of lines of credit extended to customers | 27,553 | |
Pictures | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 94,871 | |
Purchase commitments and other outstanding, term | 3 years | |
Music | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 112,578 | |
Purchase commitments and other outstanding, term | 6 years | |
Game & Network Services | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 11,027 | |
Purchase commitments and other outstanding, term | 1 year | |
Advertising and Promotional Rights | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 10,132 | |
Purchase commitments and other outstanding, term | 2 years | |
Fixed Assets | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 164,174 | |
Materials | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Purchase commitments and other outstanding | ¥ 125,164 |
Commitments, Contingent Liabi_4
Commitments, Contingent Liabilities and Other (Schedule of Aggregate Amounts of Year-by-Year Payment of Purchase Commitments) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2020 | ¥ 344,417 |
2021 | 82,600 |
2022 | 55,492 |
2023 | 40,349 |
2024 | 26,387 |
Later fiscal years | 44,093 |
Total | ¥ 593,338 |
Commitments, Contingent Liabi_5
Commitments, Contingent Liabilities and Other (Changes in Product Warranty Liability) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Movement in Standard Product Warranty Accrual [Roll Forward] | |||
Balance at beginning of the fiscal year | ¥ 44,717 | ¥ 57,694 | ¥ 64,450 |
Additional liabilities for warranties | 23,041 | 32,179 | 51,465 |
Settlements (in cash or in kind) | (26,326) | (30,570) | (47,922) |
Changes in estimate for pre-existing warranty reserve | (7,370) | (16,802) | (8,120) |
Translation adjustments | (1,057) | 2,216 | (2,179) |
Balance at end of the fiscal year | ¥ 33,005 | ¥ 44,717 | ¥ 57,694 |
Business Segment Information (C
Business Segment Information (Components of Segment Sales and Operating Revenue) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | ¥ 8,665,687 | ¥ 8,543,982 | ¥ 7,603,250 |
Game & Network Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 2,224,622 | 1,848,298 | 1,581,568 |
Music | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 795,025 | 784,792 | 630,767 |
Pictures | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 985,270 | 1,010,173 | 901,230 |
Home Entertainment & Sound | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,154,533 | 1,221,734 | 1,034,215 |
Imaging Products & Solutions | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 661,304 | 647,163 | 571,499 |
Mobile Communications | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 487,330 | 713,916 | 752,688 |
Semiconductors | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 770,622 | 726,892 | 659,779 |
Financial Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,274,708 | 1,221,235 | 1,080,284 |
All Other | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 299,806 | 351,527 | 375,116 |
Intersegment | Game & Network Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 86,250 | 95,514 | 68,231 |
Intersegment | Music | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 12,464 | 15,203 | 16,891 |
Intersegment | Pictures | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,603 | 894 | 1,899 |
Intersegment | Home Entertainment & Sound | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 878 | 999 | 4,789 |
Intersegment | Imaging Products & Solutions | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 9,146 | 8,729 | 8,134 |
Intersegment | Mobile Communications | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 10,670 | 9,826 | 6,457 |
Intersegment | Semiconductors | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 108,708 | 123,118 | 113,344 |
Intersegment | Financial Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 7,831 | 7,142 | 7,220 |
Intersegment | All Other | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 45,931 | 55,647 | 75,334 |
Operating Segments | Game & Network Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 2,310,872 | 1,943,812 | 1,649,799 |
Operating Segments | Music | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 807,489 | 799,995 | 647,658 |
Operating Segments | Pictures | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 986,873 | 1,011,067 | 903,129 |
Operating Segments | Home Entertainment & Sound | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,155,411 | 1,222,733 | 1,039,004 |
Operating Segments | Imaging Products & Solutions | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 670,450 | 655,892 | 579,633 |
Operating Segments | Mobile Communications | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 498,000 | 723,742 | 759,145 |
Operating Segments | Semiconductors | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 879,330 | 850,010 | 773,123 |
Operating Segments | Financial Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,282,539 | 1,228,377 | 1,087,504 |
Operating Segments | All Other | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 345,737 | 407,174 | 450,450 |
Corporate and Eliminations | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | ¥ (271,014) | ¥ (298,820) | ¥ (286,195) |
Business Segment Information _2
Business Segment Information (Components of Segment Profit or Loss) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | ¥ 894,235 | ¥ 734,860 | ¥ 288,702 |
Other income | 144,735 | 23,728 | 14,418 |
Other expenses | (27,322) | (59,539) | (51,501) |
Consolidated income before income taxe | 1,011,648 | 699,049 | 251,619 |
Operating Segments | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 968,910 | 798,943 | 375,783 |
Operating Segments | Game & Network Services | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 311,092 | 177,478 | 135,553 |
Operating Segments | Music | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 232,487 | 127,786 | 75,798 |
Operating Segments | Pictures | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 54,599 | 41,110 | (80,521) |
Operating Segments | Home Entertainment & Sound | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 89,669 | 85,841 | 58,504 |
Operating Segments | Imaging Products & Solutions | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 83,975 | 74,924 | 47,257 |
Operating Segments | Mobile Communications | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | (97,136) | (27,636) | 10,164 |
Operating Segments | Semiconductors | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 143,874 | 164,023 | (7,811) |
Operating Segments | Financial Services | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 161,477 | 178,947 | 166,424 |
Operating Segments | All Other | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | (11,127) | (23,530) | (29,585) |
Corporate and Eliminations | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | ¥ (74,675) | ¥ (64,083) | ¥ (87,081) |
Business Segment Information -
Business Segment Information - Additional Information (Detail) ¥ in Billions | 12 Months Ended |
Mar. 31, 2018JPY (¥) | |
Semiconductors | |
Segment Reporting Information [Line Items] | |
Decrease in allocated expense | ¥ (3.2) |
Imaging Products & Solutions | |
Segment Reporting Information [Line Items] | |
Decrease in allocated expense | (2) |
Corporate and Eliminations | |
Segment Reporting Information [Line Items] | |
Increase in corporate income | ¥ 7.5 |
Business Segment Information _3
Business Segment Information (Components of Other Significant Items) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | ¥ (2,999) | ¥ 8,569 | ¥ 3,563 |
Depreciation and amortization | 374,026 | 361,444 | 327,048 |
Corporate | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 31,049 | 40,375 | 43,094 |
Operating Segments | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 342,977 | 321,069 | 283,954 |
Operating Segments | Game & Network Services | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 29,023 | 29,091 | 25,486 |
Operating Segments | Music | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (6,915) | 4,483 | 5,435 |
Depreciation and amortization | 21,259 | 18,230 | 16,124 |
Operating Segments | Pictures | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | 106 | (129) | (35) |
Depreciation and amortization | 24,081 | 24,458 | 20,487 |
Operating Segments | Home Entertainment & Sound | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 21,887 | 21,136 | 19,830 |
Operating Segments | Imaging Products & Solutions | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 24,867 | 23,928 | 25,442 |
Operating Segments | Mobile Communications | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (38) | (102) | (79) |
Depreciation and amortization | 14,995 | 19,215 | 19,794 |
Operating Segments | Semiconductors | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 110,746 | 99,258 | 102,328 |
Operating Segments | Financial Services | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (682) | (61) | (3,601) |
Depreciation and amortization | 91,179 | 79,843 | 47,056 |
Operating Segments | All Other | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | 4,530 | 4,378 | 1,843 |
Depreciation and amortization | ¥ 4,940 | ¥ 5,910 | ¥ 7,407 |
Business Segment Information (S
Business Segment Information (Sales and Operating Revenue to External Customers by Product Category) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | ¥ 8,665,687 | ¥ 8,543,982 | ¥ 7,603,250 |
Game & Network Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 2,224,622 | 1,848,298 | 1,581,568 |
Game & Network Services | Digital Software and Add-on Content [Member] | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,102,231 | 762,220 | 525,683 |
Game & Network Services | Network | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 326,524 | 270,972 | 189,241 |
Game & Network Services | Hardware and other products and services [Member] | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 795,867 | 815,106 | 866,644 |
Music | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 795,025 | 784,792 | 630,767 |
Music | Recorded Music | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 426,926 | 446,960 | 388,948 |
Music | Music Publishing | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 106,666 | 74,360 | 66,541 |
Music | Visual Media and Platform | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 261,433 | 263,472 | 175,278 |
Pictures | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 985,270 | 1,010,173 | 901,230 |
Pictures | Motion Pictures | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 436,017 | 448,945 | 409,363 |
Pictures | Television Productions | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 288,816 | 289,024 | 271,886 |
Pictures | Media Networks | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 260,437 | 272,204 | 219,981 |
Home Entertainment & Sound | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,154,533 | 1,221,734 | 1,034,215 |
Home Entertainment & Sound | Televisions | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 788,423 | 861,763 | 720,557 |
Home Entertainment & Sound | Audio and Video | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 362,580 | 357,194 | 311,771 |
Home Entertainment & Sound | Other Products and Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 3,530 | 2,777 | 1,887 |
Imaging Products & Solutions | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 661,304 | 647,163 | 571,499 |
Imaging Products & Solutions | Other Products and Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 239,798 | 231,845 | 219,665 |
Imaging Products & Solutions | Still and Video Cameras | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 421,506 | 415,318 | 351,834 |
Mobile Communications | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 487,330 | 713,916 | 752,688 |
Semiconductors | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 770,622 | 726,892 | 659,779 |
Financial Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,274,708 | 1,221,235 | 1,080,284 |
All Other | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 299,806 | 351,527 | 375,116 |
Corporate | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | ¥ 12,467 | ¥ 18,252 | ¥ 16,104 |
Business Segment Information _4
Business Segment Information (Sales and Operating Revenue Attributed to Countries Based on Location of Customers and Long-Lived Assets) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | ¥ 8,665,687 | ¥ 8,543,982 | ¥ 7,603,250 |
Property, plant and equipment, net | 777,053 | 739,470 | |
Japan | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 2,591,784 | 2,625,619 | 2,392,790 |
Property, plant and equipment, net | 590,694 | 563,593 | |
United States | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,982,135 | 1,835,705 | 1,673,768 |
Property, plant and equipment, net | 113,581 | 97,979 | |
Europe | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,862,166 | 1,841,457 | 1,634,683 |
Property, plant and equipment, net | 22,622 | 23,302 | |
China | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 770,416 | 674,718 | 557,995 |
Property, plant and equipment, net | 11,694 | 11,232 | |
Asia Pacific | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 912,193 | 1,024,179 | 866,712 |
Property, plant and equipment, net | 34,273 | 36,738 | |
Other Areas | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 546,993 | 542,304 | ¥ 477,302 |
Property, plant and equipment, net | ¥ 4,189 | ¥ 6,626 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - JPY (¥) ¥ in Millions, shares in Millions | May 17, 2019 | May 16, 2019 | Mar. 31, 2019 |
Subsequent Event [Line Items] | |||
Purchase price of shares repurchased | ¥ 100,000 | ||
Subsequent event | |||
Subsequent Event [Line Items] | |||
Share repurchase start date | May 17, 2019 | ||
Share repurchase end date | Mar. 31, 2020 | ||
Subsequent event | Sony Life Insurance Co Ltd | |||
Subsequent Event [Line Items] | |||
Percentage of equity interest acquired | 50.00% | ||
Business acquisition total consideration | ¥ 16,000 | ||
Ownership percentage | 100.00% | ||
Subsequent event | Maximum | |||
Subsequent Event [Line Items] | |||
Number of shares repurchased | 60 | ||
Purchase price of shares repurchased | ¥ 200,000 |
Valuation and Qualifying Accoun
Valuation and Qualifying Accounts (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Allowance for doubtful accounts and sales returns | ||||
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items] | ||||
Balance at beginning of period | ¥ 48,663 | ¥ 53,150 | ¥ 72,783 | |
Beginning adjustment | [1] | (25,114) | ||
Additions charged to costs and expenses | 7,112 | 45,515 | 33,667 | |
Deductions | [2] | (5,532) | (51,302) | (50,858) |
Other | [3] | 311 | 1,300 | (2,442) |
Balance at end of period | 25,440 | 48,663 | 53,150 | |
Valuation allowance - Deferred tax assets | ||||
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items] | ||||
Balance at beginning of period | 899,835 | 1,051,964 | 1,055,858 | |
Additions charged to costs and expenses | 116,938 | 70,797 | 149,697 | |
Deductions | (309,226) | (123,597) | (154,210) | |
Other | [4] | 15,567 | (99,329) | 619 |
Balance at end of period | ¥ 723,114 | ¥ 899,835 | ¥ 1,051,964 | |
[1] | Sony adopted ASU 2014-09 from April 1, 2018, and as a result, sales returns are presented as a liability instead of as a contra-asset allowance. Accordingly, Sony changed the presentation from "Allowance for doubtful accounts and sales returns" to "Allowance for doubtful accounts" for the fiscal year ended March 31, 2019. | |||
[2] | Reversal including amounts written off. | |||
[3] | Translation adjustments. | |||
[4] | Translation adjustments and the effect of change in statutory tax rate. |