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

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

SONY CORP (6758)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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
05/26 SONY : shop talk. Sony steps up (at last)
05/25 SONY : Patent Issued for User Device for Communicating Data and Method (USPTO 96..
05/25 SONY : Patent Issued for Display Device and Electronic Apparatus (USPTO 9653025)
05/25 SONY : Patent Issued for Method and System and File Format of Generating Content..
05/25 SONY : Patent Issued for Handheld Electronic Device Responsive to Tilting (USPTO..
05/25 SONY : Patent Issued for Information Processing Device, Control Method, and Stor..
05/25 SONY : Patent Issued for Information Processing Device, Information Processing M..
05/25 SONY : Patent Issued for Aging of Friends in Social Network (USPTO 9652523)
05/25 SONY : Patent Issued for Channel Estimation for Wireless Systems without Matrix ..
05/25 SONY : Patent Issued for Solid-State Image Pickup Device and Electronic Apparatu..
More news
Sector news : Household Electronics - NEC
08:48aDJSharp Targets 'Smart' Home Appliances -- WSJ
05/11 PANASONIC : expects auto focus to boost annual profit by 21 percent
05/11 China's tech money heads for Israel as U.S. welcome wanes
04/28 Foxconn plans 'capital-intensive' U.S. investment-Chairman Gou
04/27 LG ELECTRONICS : South Korea's LG Electronics reports best quarterly profit in n..
More sector news : Household Electronics - NEC
News from SeekingAlpha
05/25 14 Stocks For 2017 And Beyond - May Update
05/25 WALL STREET BREAKFAST : Key OPEC Meeting On Output Cuts
05/24 Writers ratify three-year deal with studios
05/23 Sony (SNE) Investor Presentation - Slideshow
05/22 Disruption Creates Winners And Losers
Advertisement
Financials ( JPY)
Sales 2018 7 925 871 M
EBIT 2018 -
Net income 2018 283 326 M
Finance 2018 1 059 900 M
Yield 2018 0,80%
P/E ratio 2018 17,89
P/E ratio 2019 16,00
EV / Sales 2018 0,51x
EV / Sales 2019 0,46x
Capitalization 5 066 484 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 4 522  JPY
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kazuo Hirai Executive President, CEO & Representative Director
Osamu Nagayama Chairman
Kenichiro Yoshida CFO, Director & Representative EVP
Fumiaki Sakai Chief Information Officer
Takaaki Nimura Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP22.04%45 482
PANASONIC CORPORATION16.64%30 565
SHARP CORPORATION53.70%18 565
LG ELECTRONICS INC.--.--%12 545
LG CORP--.--%12 438
TCL CORPORATION--.--%6 256
More Results