Tokyo, Japan - Sony Corporation ('Sony' or the Company') has been engaged in the sequential splitting out of business units across the Sony Group, in order to reinforce the competitiveness of each business, and ensure clearly attributable accountability and responsibility.

In addition to Game & Network Services, Mobile Communications, Pictures, Music and certain other Sony Group businesses that were already operating autonomously as subsidiaries, in July 2014 Sony split out its TV business, followed by its Video & Sound business in October 2015. The Company also plans to split out and establish its semiconductor business as a wholly owned subsidiary in April 2016. Sony is also exploring the split out of its Imaging Products and Solutions Sector.

Concurrently, Sony has also been proceeding to realign the platform functions that support each of its business units in order to enhance the effectiveness and efficiency of these operations.
As previously announced, operations that until now have resided within Sony Corporation, including the Consumer AV Sales Platform, the Manufacturing, Logistics, Procurement, Quality and Environmental Platform for Sony's electronics business, as well as certain cloud-based platforms and service-related businesses, will each be transferred to the related Sony Group companies. This transition is scheduled to be made sequentially from April 1 2016.

Sony Corporation issued this content on 25 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 March 2016 06:14:46 UTC

Original Document: http://www.sony.net/SonyInfo/News/Press/201603/16-028E/index.html