BW20030820000010  20030820T120808Z UTC


( BW)(SONY-CORP.)(SON) Impact on Sony Corporation of Crosswave

    Business Editors
    UK REGULATORY NEWS

    TOKYO--(BUSINESS WIRE)--Aug. 20, 2003--

                Impact on Sony Corporation of Crosswave
 Communications Inc.'s Application for Commencement of Reorganization
          Proceedings under the Corporate Reorganization Law

Crosswave Communications Inc. ("Crosswave"), 23.9% of the equity
of which Sony Corporation owns, applied for commencement of
reorganization proceedings under the Corporate Reorganization Law of
Japan. Sony has outstanding loans and leases certain fixed assets to
Crosswave. Sony estimates that the commencement of such reorganization
proceedings under the Corporate Reorganization Law will result in a
maximum decrease to consolidated income before income taxes of
approximately 6.0 billion yen. Sony has not altered its consolidated
forecast for the fiscal year ending March 31, 2004 as a result of this
decrease.

Inquiries
Sony Corporate Communications
TEL 03-5448-2200  FAX 03-5448-3061

   Short Name: Sony Corp.
   Category Code: MSC
   Sequence Number: 00008698
   Time of Receipt (offset from UTC): 20030820T125710+0100

    --30--ZW/uk*

    CONTACT: Sony Corporation

    KEYWORD: UNITED KINGDOM JAPAN INTERNATIONAL EUROPE ASIA PACFIC
    INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
ELECTRONIC GAMES/MULTIMEDIA HARDWARE
    SOURCE: Sony Corp.

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