OREANDA-NEWS. Sony Corporation announced its consolidated financial results for the fiscal year ended March 31, 2013 (April 1, 2012 to March 31, 2013).

Sales were 6 800.9 billion yen, an increase of 4.7% compared to the previous fiscal year (“year-on-year”). Operating income of 230.1 billion yen was recorded, compared to an operating loss of 67.3 billion yen in the previous fiscal year.

Equity in net loss of affiliated companies, recorded within operating income, decreased 114.7 billion yen year-on-year to 6.9 billion yen. This improvement was primarily due to the absence of equity in net loss for S-LCD Corporation (“S-LCD”) of 64.1 billion yen and equity in net loss for Sony Ericsson of 57.7 billion yen, which were both accounted for under the equity method in the previous fiscal year.

Income before income taxes of 245.7 billion yen was recorded, compared to a loss of 83.2 billion yen recorded in the previous fiscal year.

Net income attributable to Sony Corporation’s stockholders, which excludes net income attributable to noncontrolling interests, was 43.0 billion yen compared to a net loss of 456.7 billion yen.