UPDATE 1-Sony sees cash flow to improve this fiscal year- Nikkei

Dec 11 (BestGrowthStock) – Sony Corp (6758.T: ) expects cash flow to
improve by 100 billion yen ($1.20 billion) this fiscal year due
to overhauling materials procurement and production, Executive
Deputy President Yutaka Nakagawa told the Nikkei.

The Japanese electronics company’s free cash flow plunged
into the red because of the financial crisis, but has rapidly
improved as it created special organizations to oversee
procurement and production, the paper reported.

Expanded outsourcing of LCD television production to EMS
(electronics manufacturing services) companies also contributed
to improved cash flow, said the business daily.

Sony has taken steps such as delaying receipt of products
from EMS firms and outsourcing inventory management, Nikkei
said.
($1=83.66 Yen)
(Reporting by Fareha Khan in Bangalore; Editing by S. John
Tilak)

UPDATE 1-Sony sees cash flow to improve this fiscal year- Nikkei