Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

SONY CORP (6758)
Mes dernières consult.
Most popular
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
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
Latest news on SONY CORP
09/21 SONY : Patent Issued for Information Processing Device and an Information Proces..
09/21 SONY : Patent Issued for Camera Module and Electronic Device (USPTO 9762782)
09/21 SONY : Patent Issued for Method and System for Object Tracking (USPTO 9760791)
09/21 SONY : Patent Issued for Information Processing Apparatus and Information Proces..
09/21 SONY : Patent Issued for Playback State Control by Position Change Detection (US..
09/21 SONY : Patent Issued for Drive Controller, Imaging Apparatus and Drive Control M..
09/21 SONY : Patent Issued for Image Pickup Device, Light Projection Device, Beam Ligh..
09/21 SONY : Patent Issued for Multi-Band Antenna and Terminal Device (USPTO 9761925)
09/21 SONY : Patent Issued for Semiconductor Device, Solid-State Image Sensor and Came..
09/21 SONY : Patent Issued for Service Based Media Player (USPTO 9762704)
More news
News from SeekingAlpha
09/22 VR gaming needs competition, says runaway leader Sony
09/21 CORNING : Why It Still Belongs In Your Portfolio
09/20 Credit Suisse goes Neutral on Sony as earnings flatten
09/20 Lithium Mining - Reviewing Opportunities Within The Production Oligopoly
09/19 How To Profit From The Online Data Boom
Financials ( JPY)
Sales 2018 8 225 B
EBIT 2018 -
Net income 2018 316 B
Finance 2018 911 B
Yield 2018 0,72%
P/E ratio 2018 17,05
P/E ratio 2019 15,34
EV / Sales 2018 0,53x
EV / Sales 2019 0,49x
Capitalization 5 278 B
Duration : Period :
Sony Corp Technical Analysis Chart | 6758 | JP3435000009 | 4-Traders
Technical analysis trends SONY CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 5 073  JPY
Spread / Average Target 22%
EPS Revisions
Kazuo Hirai President, Chief Executive Officer & Director
Kenichiro Yoshida CFO, Director & Representative EVP
Fumiaki Sakai Chief Information Officer
Osamu Nagayama Independent Outside Director
Takaaki Nimura Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP27.06%47 120
LG CORP--.--%12 436