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Sony restructuring the company and changing its name

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June 30, 2020
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Sony restructuring the company and changing its name
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Sony restructuring the company and changing nasanjargal Dragun | 30.06.2020

Sony проводит реструктуризацию компании и меняет название

The name of the Sony Group will appear on the first of April next year and will mark the restructuring of Sony. The decision has been approved by the shareholders.

Sony suffers from the so-called “conglomerations underestimation” because her name is associated by the investors with the electronics market, although the activity of the company is much more diversified. The Name Of The Sony Group
should attract investors, free from stereotypes regarding the company’s business.

Through restructuring plans to optimize office management and cash flow. In addition, the company wants to obtain full control of Sony Financial Holdings —
now he is 35% owned by foreign investors. Manual Sony intends to buy the share of 3.73 billion U.S. dollars this summer. Financial services should be one of the sources
stable income of the Sony Group.

The name Sony got in 1958, when its founder Akio Morita decided to enter the international market. The name was changed to Sony Group symbolizes the beginning of a new era in the development of Japanese
of the company.

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