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
12:13p MURATA MANUFACTURING : Signing of Memorandum of Understanding for the Transfer o..
09:21a SONY : says to sell battery business to Murata Manufacturing
02:33a SONY : Piano Guys bringing mashups to Music Hall
12:20a SONY : Netflix reaches out to parents with kids' show featuring Motown classics
07/27 SONY : Court ruling traps Kesha in record contract
07/27 SONY : Xperia XA Ultra kini di Malaysia – RM 1,699
07/27 SONY : Latest Sony Xperia phone gets leaked, and goes on sale
07/27 SONY : Illuminating the City
07/27 SONY : Unveils xperia xa ultra
07/26 FUNAI ELECTRIC : Last VCR Manufacturer to Exit
More news
Sector news : Household Electronics - NEC
07/27DJJapan Shares Rise on Stimulus Talk
07/25DJTesla Accelerates Work on Battery 'Gigafactory'
07/21DJSAMSUNG ELECTRONICS : China Urges U.S. to Hear Opinions in Anti-Dumping Duties o..
07/20DJU.S. to Charge Duties on Some LG, Samsung Washing Machines
07/20DJSAMSUNG ELECTRONICS : U.S. to Charge Duties on Some Samsung, LG Washing Machines..
More sector news : Household Electronics - NEC
News from SeekingAlpha
04:59a M&A roundup from across the globe
07/27 Watch Out KKR And Blackstone, Chinese Firms Are Reinventing The Private Equit..
07/26 TWITTER AT A TURNING POINT : Q2 Earnings Preview
07/25 Busy Earnings Week, MLB And NHL Added To Twitter Streaming, Nintendo's Plunge..
07/25 'Star Trek Beyond' beats several films sharing box-office wealth
Advertisement
Financials ( JPY)
Sales 2017 7 805 307 M
EBIT 2017 -
Net income 2017 106 287 M
Finance 2017 803 140 M
Yield 2017 0,76%
P/E ratio 2017 38,32
P/E ratio 2018 16,24
EV / Sales 2017 0,42x
EV / Sales 2018 0,39x
Capitalization 4 073 207 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
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 3 710  JPY
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kazuo Hirai President, Chief Executive Officer & Director
Osamu Nagayama Chairman
Kanemitsu Anraku Independent Director
Takaaki Nimura Independent Director
Joichi Ito Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP9.06%38 846
PANASONIC CORPORATION-17.17%23 757
LG CORP--.--%10 004
LG ELECTRONICS INC.--.--%8 603
TCL CORPORATION--.--%6 473
CASIO COMPUTER CO LTD-46.16%3 938
More Results