The fourth message

Dear Dr. M. Susan Stiner,

 

Thank you for your last message and advice. I really appreciated it.

 

In the assignment, I couldn't find the keys to understand the difference

between U. S. Securities and Exchange Commission and Japan's Securities and

Exchange Commission. I went to the American Stock Exchange and Japan's Stock

Exchange in the Internet, but I didn't know what to do.

 

I chose the Sony Corporation for the financial statements. Its website

is http://www.sony.co.jp/soj/CorporateInfo/FR/1998-5-7/1-1.html. It listed consolidated

results for the year, and says, " During the fiscal year ended March 31, 1998,

Sony achieved record consolidated sales and operating revenue, operating

income, income before income taxes, and net income for the second

consecutive fiscal year. These strong results were achieved through sales

growth over the prior year in the Electronics, Game, Music, Pictures, and

Insurance business groups" in the Performance Highlights.

I think Sony is one of the fastest growing companies here in Japan,

and its strategy is unique and effective. I would like to know more about

it.

 

In fact, I could find the financial information at McDonald's USA site,

but couldn't see the financial statements at McDonald's of Japan site. Maybe,

there are some ways to go into there.

 

I think the flow of accounting information over the Internet helps

corporations and investors to decide in which corporation they should invest,

and to assume which corporation has been doing better, and so on. 

 

I also went to the Villanova University website, and saw the campus,

Bartley Hall, St. Thomas of Villanova Church and so on. I loved the place,

and I would like to go there someday.

 

Happy weekend!

 

 

Sincerely,

Fumi

 

 

 

Reply from Prof. M. Susan Stiner