Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Sony Corp    6758   JP3435000009

SONY CORP (6758)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sony Corporation : Sony Mobile Communications Announces New Operational Structure and Reduction in Workforce

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/23/2012 | 10:54am CEST

LONDON, UK - August 23, 2012 - Sony Mobile Communications AB ("Sony Mobile") today announced that it is altering the global operational structure of its development sites in Tokyo, Japan, Lund, Sweden and Beijing, China. In October 2012, Sony Mobile will move its corporate headquarters and certain other functions from Lund, Sweden, to Tokyo, Japan. Sony Mobile has also redefined the roles and responsibilities of each major development site to leverage the strengths of each respective site. These measures aim to enhance operational and development capabilities of Sony Mobile such as time to market efficiency, streamline supply chain management and drive greater integration with the wider Sony group.

"Sony has identified the mobile business as one of its core businesses and the Xperia™ smartphone portfolio continues to gain momentum with customers and consumers worldwide," said Kunimasa Suzuki, President and CEO of Sony Mobile. "We are accelerating the integration and convergence with the wider Sony group to continue enhancing our offerings, and a more focused and efficient operational structure will help to reduce Sony Mobile's costs, enhance time to market efficiency and bring the business back to a place of strength."

In relation to the operational structure changes, Sony Mobile plans to reduce its global headcount by approximately 15 percent (approximately 1000 personnel, including consultants) throughout the financial years of 2012 and 2013 (i.e. by the end of March 2014) as the company seeks to increase operational efficiency, reduce costs and drive profitable growth.

Today Sony Mobile filed a redundancy notification ("varsel") with the Swedish authorities to notify them that the company expects around 650 employees across a number of functions at Sony Mobile in Lund to be affected by job closures. The remaining headcount reductions will be primarily consultants in Sweden. Lund will continue to be an important strategic site for Sony Mobile, with the main focus on software and application development.

Sony Mobile is a wholly-owned subsidiary of Sony Corporation, following Sony Corporation's acquisition of Telefonaktiebolaget LM Ericsson's 50% stake in Sony Ericsson Mobile Communications AB, completed on February 15, 2012.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SONY CORP
01:04p SONY : Xperia XZ & Xperia X Compact Debut In Malaysia, Price Starting RM1,999
08:15a SONY : Court ruling traps Kesha in record contract
09/29 SONY : "Image Pickup Circuit" in Patent Application Approval Process (USPTO 2016..
09/29 SONY : "Interactive Content Delivery Service Having Favorite Program Selection C..
09/29 SONY : Patent Issued for Information Processing Device, Map Update Method, Progr..
09/29 SONY : Patent Issued for System and Method for Color and Brightness Adjustment o..
09/29 SONY : Patent Issued for Image Processing Device, Image Processing Method, and P..
09/29 SONY : Patent Issued for Solid-State Imaging Device and Electronic Apparatus Hav..
09/29 SONY : Patent Application Titled "Display Control Device and Display Control Met..
09/29 SONY : Researchers Submit Patent Application, "Information Processing Apparatus,..
More news
Sector news : Household Electronics - NEC
09/27DJDonald Trump Charges China With Yuan Manipulation Again
09/22DJNOVATEL WIRELESS : to Sell Mobile-Broadband Unit, Restructure
09/22DJApple Looks to Grow in Samsung's Backyard
09/19DJSamsung Raises Cash With Sales -- WSJ
09/16DJSamsung Electronics Sells Stake In Sharp -- WSJ
More sector news : Household Electronics - NEC
News from SeekingAlpha
09/27 Sony Helps Xiaomi Compete In The Mirrorless Camera Market
09/26 'Magnificent Seven' remake leads in slow film weekend
09/21 REPORT : Sony nears motion picture alliance with Dalian Wanda
09/21 Autumn Brings Holiday Feel To Video Game Stocks
09/20 Why GameStop Corp. Could Appreciate More Than 50% By The End Of 2017
Advertisement
Financials ( JPY)
Sales 2017 7 539 492 M
EBIT 2017 -
Net income 2017 97 109 M
Finance 2017 957 267 M
Yield 2017 0,72%
P/E ratio 2017 44,39
P/E ratio 2018 17,14
EV / Sales 2017 0,44x
EV / Sales 2018 0,39x
Capitalization 4 272 218 M
More Financials
Chart SONY CORP
Duration : Period :
Sony Corp Technical Analysis Chart | 6758 | JP3435000009 | 4-Traders
Full-screen chart
Technical analysis trends SONY CORP
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 3 903  JPY
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kazuo Hirai Executive President, CEO & Representative Director
Osamu Nagayama Chairman
Kenichiro Yoshida CFO, Representative Director & Executive VP
Tomoyuki Suzuki Executive VP, Head-Research & Development
Takaaki Nimura Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP14.37%42 248
PANASONIC CORPORATION-15.38%25 168
LG CORP--.--%10 221
LG ELECTRONICS INC.--.--%7 665
SHARP CORPORATION7.14%6 653
TCL CORPORATION--.--%6 263
More Results