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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