Sony Corporation (“Sony”) today approved by the resolution of its Board of Directors the voluntary adoption of International Financial Reporting Standards (“IFRS”) for its consolidated financial statements, in lieu of the currently applied Generally Accepted Accounting Principles in the United States (“U.S. GAAP”). This decision was made with the goal of further streamlining and maintaining the quality of Sony’s financial and management reporting systems over the mid- to long-term, and improving the international comparability of financial information in the capital markets. Source