TOKYO — Sony’s late co-founder Akio Morita was a visionary. Among his many visions, one that was very dear to him was creating a financial unit. He finally realized what he had once called his “30-year dream” when Sony set up a life insurance venture with a U.S. company in […]
Sony
Sony PS5 aims to beat cloud gaming to the punch by keeping users
TOKYO — Sony unveiled its upcoming PlayStation 5 gaming console Friday, touting advanced processing capacity along with a Spider-Man sequel and 27 other games for the machine set to be released in time for the year-end shopping season. The Japanese entertainment company hopes to corral PS4 users and video game players before Google […]
PS5 offers options for ‘digital natives,’ says CEO of Sony unit
TOKYO — Sony announced on Thursday details of its next-generation game console, PlayStation 5. The new unit is packed with features and will include new software titles, including a sequel to its megahit, “Marvel’s Spider-Man.” “I feel very confident that the PS5 is going to be a success,” Sony Interactive Entertainment […]
Rewriting Sony story with new name, from PlayStation to finance
TOKYO — As CEO Kenichiro Yoshida sees it, Sony’s name change to Sony Group reflects a transformation in progress that will turn a hardware maker known for electronics innovations into a multi-faceted conglomerate. “We are splitting off the remaining electronics elements from Sony’s headquarters and having it focus on managing the group,” […]
Sony to become Sony Group, integrating financial unit
TOKYO — Sony will make listed subsidiary Sony Financial Holdings a wholly owned unit for 400 billion yen ($3.73 billion) as it follows global tech giants Alibaba Group Holding and Apple in turning to finance as a stable profit generator that performs even during crises like the current pandemic, Sony […]
Sony to take full control of financial unit for $3.7bn
TOKYO — Sony will turn listed subsidiary Sony Financial Holdings into a wholly owned unit for 400 billion yen ($3.73 billion) as it follows global tech giants Alibaba Group Holding and Apple in turning to finance as a stable profit generator that performs even during crises like the current pandemic, […]
Sony reports annual profit drop after coronavirus disruptions
TOKYO — Sony on Wednesday reported a drop in annual profit and offered no forecast for this year as disruption from the coronavirus hit several of its businesses. Net profit at the Japanese electronics-to-entertainment conglomerate fell 36.5% to 582 billion yen ($5.43 billion) in the year to the end of March. Operating profits fell […]
Sony to develop avatar robot with ANA startup
TOKYO — Sony looks to enhance next-generation robots from avatarin, a startup launched by Japanese carrier ANA Holdings, as interest grows in remote-control machines that can take the place of humans amid the novel coronavirus pandemic. Tokyo-based avatarin lets users feel like they are somewhere else by seeing through the eyes of a robot […]
Shanghai Disney, Sony results and Bitcoin ‘halving’
Welcome to Nikkei Asian Preview. The coming week will be full of results from some of Japan’s biggest companies, including the Big 3 banks. Results will also come from Singapore Airlines, Tencent Holdings, and China’s top chipmaker. Economies in Southeast Asia may soon show signs of life, as coronavirus measures […]
Sony CEO Yoshida navigates coronavirus and activist attacks
TOKYO — Before the novel coronavirus outbreak began, Sony CEO Kenichiro Yoshida had many reasons to be optimistic. Under his leadership the electronics-to-entertainment conglomerate had regained its momentum, and with it the respect of its shareholders. Yoshida, a quiet and reflective figure, had seen off an attack by the U.S. […]