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 CET

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
02/24 SONY : Patent Issued for Solid-State Imaging Element and Electronic Device (USPT..
02/24 SONY : Patent Issued for Feed Unit and Feed System (USPTO 9570920)
02/24 SONY : A.M. Best Revises Outlooks to Stable for PMG Assurance Ltd.
02/24 SONY : Patent Issued for Wireless Communication Apparatus, Program, and Communic..
02/24 SONY : Patent Issued for Pixel Circuit and Display Device (USPTO 9570007)
02/24 SONY : Patent Issued for Method and Apparatus for Content Manipulation (USPTO 95..
02/24 SONY : Patent Issued for Method and Apparatus for Content Channels Based on Sele..
02/24 SONY : Patent Issued for Information Processing Apparatus, Information Processin..
02/24 SONY : Patent Issued for Playback Device, Playback Method, Program, and Recordin..
02/24 SONY : Patent Issued for Semiconductor Device, Solid-State Imaging Device and El..
More news
Sector news : Household Electronics - NEC
02/17 S&P downgrade warning sends Toshiba shares falling
02/16 Toshiba may delay chip auction after widening sale to majority stake - source
02/15 TOSHIBA TO DELAY CHIP BUSINESS SALE : Kyodo
02/06DJSHARP : Snaps Losing Streak -- WSJ
02/04 Chinese industry wants 'win-win' end to U.S. anti-dumping duties on washing m..
More sector news : Household Electronics - NEC
News from SeekingAlpha
02/20 GM To Unleash Autonomous Bolts
02/17 WALL STREET BREAKFAST : Samsung Faces Strategic Challenge
02/17 Sony batteries will be used in Galaxy S8
02/15 Sony transferring imaging products to subsidiary unit
02/13 Is It Too Late To Buy Nvidia?
Advertisement
Financials ( JPY)
Sales 2017 7 597 063 M
EBIT 2017 -
Net income 2017 64 766 M
Finance 2017 680 829 M
Yield 2017 0,63%
P/E ratio 2017 67,07
P/E ratio 2018 17,06
EV / Sales 2017 0,49x
EV / Sales 2018 0,46x
Capitalization 4 440 772 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
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 4 049  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, Director & Representative EVP
Fumiaki Sakai Chief Information Officer
Takaaki Nimura Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP6.12%39 363
PANASONIC CORPORATION5.80%27 430
SHARP CORPORATION21.11%14 444
LG CORP--.--%9 913
LG ELECTRONICS INC.--.--%9 578
TCL CORPORATION--.--%6 561
More Results