Sony: Capital spending absorbs cash flow

March 5, 2004 – Sony Corp.’s consolidated free cash flow will go from 147 billion yen ($1.33 billion) in fiscal 2003 to nearly zero in 2004 due to increases in capital investment, mainly for semiconductors, according to the Asia Pulse Businesswire.

An expected profit in the final fiscal quarter is expected to erase a 208.7 billion yen negative cash flow in the first three quarters, according to the company.

Overall capital investment is expected to rise 30% this year to 350 billion yen ($3.12 billion); for semiconductor spending, the company has set aside approximately 500 billion yen ($4.46 billion) over the next three years.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.