Form 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June 2006
Commission File Number: 001-06439
SONY CORPORATION
(Translation of registrant's name into English)
7-35 KITASHINAGAWA 6-CHOME, SHINAGAWA-KU, TOKYO, JAPAN
(Address of principal executive offices)
The registrant files annual reports under cover of Form 20-F.
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F,
Form 20-F X Form 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934,
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):82-______
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SONY CORPORATION
(Registrant)
By: /s/ Nobuyuki Oneda
(Signature)
Nobuyuki Oneda
Executive Vice President and
Chief Financial Officer
Date: June 30, 2006
List of materials
Documents attached hereto:
i) Press release announcing Reassessment of Transfer Pricing of Transactions
Sony Corporation
Sony Computer Entertainment Inc.
No. 06-055E
Reassessment of Transfer Pricing of Transactions
Tokyo, June 30, 2006 - Sony Corporation ("Sony") and Sony Computer Entertainment
Inc. ("SCEI") announced today that they have each received notification from the
Tokyo Regional Taxation Bureau ("TRTB") of a reassessment of the profits they
reported from transactions between SCEI and its subsidiary Sony Computer
Entertainment America Inc. ("SCEA"), for the fiscal years ended March 31, 2000
through 2005. On the same date, Sony also received notification of a
reassessment of the profits reported from transactions related to CD and DVD
disc manufacturing operations with a number of its overseas subsidiaries for the
fiscal years ended March 31, 2004 and 2005.
Sony and SCEI believe that their allocation of income for the periods in
question was appropriate and that they have paid the proper amount of taxes in
each of the jurisdictions. Therefore Sony and SCEI disagree with the position of
the TRTB and will promptly lodge an objection. In addition, they simultaneously
plan to formally request bilateral consultations (where available) to obtain
relief from double taxation under the applicable tax treaties of various
countries.
Sony and SCEI believe that they will ultimately be able to solve this issue to
their satisfaction through available procedures including the bilateral
consultations mentioned above.
Transfer pricing was reassessed in accordance with the notification from the
TRTB, resulting in additional Japanese income of 74.4 billion yen, which led to
Sony and SCEI incurring an additional cash tax (including corporate tax and
others) of approximately 27.9 billion yen. Sony and SCEI believe that double
taxation will be avoided through the above procedures, and therefore Sony does
not expect any material impact on its consolidated profit and loss as a result
of this reassessment.