Sony to Establish Sony Electronics Corporation
We apologize for the erroneous Sony headline/story we sent out in our newsletter and posted to our website on March 30 and 31. The story we intended to send out in the newsletter and post to the Dealerscope website appears below:
Sony Corporation has announced that it will establish an intermediate holding company "Sony Electronics Corporation" effective April 1st, 2020. Sony Electronics Corporation will incorporate the three businesses that comprise its Electronics Products & Solutions ("EP&S") segment (Imaging Products & Solutions, Home Entertainment & Sound, and Mobile Communications) and related global sales and marketing, manufacturing, logistics, procurement and engineering platforms.
Through the establishment of Sony Electronics Corporation, Sony will not only accelerate the integrated operation of the EP&S businesses, but also aim to optimize its organizational structure, talent and business portfolio, while further enhancing competitiveness and creating new business.