Thursday, May 9, 2013

Sony turned profitable for the first 5 years.


Electronics giant Sony Corporation, of Japan. Annual net profit for the first time in five years that the former leader was sparked serious recovery.

Despite the fact that Sony can come up with profitable again. Mainly because of the volatility of the yen and the sale amount. Including the sale of an office building in Manhattan is worth more than $ 1,000 million, or about three thousand million, while TV and electronics are also experiencing problems.

Sony's chief financial officer, said the losses for a period of several years, the management team is determined to make a profit at all costs.

In early May. The company said several senior executives. Including Mr. Joseph Yoshio Hirai, Chief Executive Officer who was appointed a year ago. Will not receive the annual bonus. To compensate for poor sales of the electronics.

The decision was made after the company decided to restructure the organization. Including termination of employment to thousands of locations and sales. To reduce losses.

The Japanese electronics company. In addition, there are competitors as if Sony, Panasonic and Sharp are facing problems such as reduced demand in key export markets. Intense competition from foreign rivals that produced in a cheaper price. Yen appreciation. And the strategic performance of the company very well.

However, the depreciation of the yen in recent months. Helped the Japanese exporters are able to compete more. And increase revenue made abroad. The profit of the company increased.

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