索尼 2025年年度报告和过渡报告

Title of ClassCommon Stock Table of Contents Cautionary Statement Statements made in this document with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that are not historicalfacts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not limited to, those statementsusing words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,”“might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events orconditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. Thesestatements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. Sony cautions investorsthat a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements,and therefore investors should not place undue reliance on them. Investors also should not rely on any obligation of Sony to update or revise anyforward-looking statements, whether as a result of new information, future events or otherwise. Sony disclaims any such obligation. Risks anduncertainties that might affect Sony include, but are not limited to: (i)Sony’s ability to maintain product quality and customer satisfaction with its products and services;(ii)Sony’s ability to continue to design and develop and win acceptance of, as well as achieve sufficient cost reductions for, its products andservices, including image sensors, game and network platforms, smartphones and televisions, which are offered in highly competitivemarkets characterized by severe price competition and continual new product and service introductions, rapid development in technologyand subjective and changing customer preferences;(iii)Sony’s ability to implement successful hardware, software, and content integration strategies, and to develop and implement successfulsales and distribution strategies in light of new technologies and distribution platforms;(iv)the effectiveness of Sony’s strategies and their execution, including but not limited to the success of Sony’s acquisitions, joint ventures,investments, capital expenditures, restructurings and other strategic initiatives;(v)changes in laws, regulations and government policies in the markets in which Sony and its third-party suppliers, service providers andbusiness partners operate, including those related to taxation, as well as growing consumer focus on corporate social responsibility;(vi)Sony’s continued ability to identify the products, services and market trends with significant growth potential, to devote sufficientresources to research and development, to prioritize investments and capital expenditures correctly and to recoup its investments andcapital expenditures, including those required for technology development and product capacity;(vii)Sony’s reliance on external business partners, including for the procurement of parts, components, software and network services for itsproducts or services, the manufacturing, marketing and distribution of its products, and its other business operations;(viii)the global economic and political environment in which Sony operates and the economic and political conditions in Sony’s markets,particularly levels of consumer spending;(ix)Sony’s ability to meet operational and liquidity needs as a result of significant volatility and disruption in the global financial markets or aratings downgrade;(x)Sony’s ability to forecast demands, manage timely procurement and control inventories;(xi)foreign exchange rates, particularly between the yen and the U.S. dollar, the euro and other currencies in which Sony makes significantsales and incurs production costs, or in which Sony’s assets, liabilities and operating results are denominated;(xii)Sony’s ability to recruit, retain and maintain productive relations with highly skilled personnel;(xiii)Sony’s ability to prevent unauthorized use or theft of intellectual property rights, to obtain or renew licenses relating to intellectualproperty rights and to defend itself against claims that its products or services infringe the intellectual property rights owned by others;(xiv)the impact of changes in interest rates and unfavorable conditions or developments (including market fluctuations or volatility) in theequity and bond markets on the results of the Financial Services business; Table of Contents (xv)shifts in customer demand for financial services such as life insurance and Sony’s ability to conduct successful asset liability managementin the Financial Services business;(xvi)risks related to catastrophic disasters, geopolitical conflicts, pandemic disease or similar events;(xvii)the ability of Sony, its