Sony Corp. - Revision of FY06 Forecast.

(From AFX CNF)

RNS Number:7031K Sony Corp 19 October 2006 Sony Corporation 6-7-35 Kitashinagawa Shinagawa-ku Tokyo 141-0001 Japan No: 06-098E Date: October 19, 2006 SONY ANNOUNCES REVISION OF CONSOLIDATED FORECAST FOR THE FISCAL YEAR ENDING MARCH 31, 2007 Tokyo, October 19, 2006 -- Sony Corporation announced a revision of its consolidated results forecast for the fiscal year ending March 31, 2007 from that announced on July 27, 2006. Consolidated Results Forecast Change from Current previous Previous Forecast* Forecast Forecast Sales and operating revenue Y8,230 billion Unchanged Y8,230 billion Operating income 50 billion -62% 130 billion (Restructuring charges included within Operating income 40 billion -20 50 billion) Income before income taxes 70 billion -53 150 billion Equity in net income of affiliated companies 40 billion Unchanged 40 billion Net income 80 billion -38 130 billion *Assumed foreign currency exchange rates for the second half of the fiscal year: approximately Y114 to the U.S. dollar and approximately Y145 to the Euro. The above revised forecast is primarily a result of the following factors: 1. Sony plans to record a provision of approximately Y51 billion within the Electronics segment during the second quarter of the fiscal year ending March 31, 2007. This relates to charges …