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Sony to sell former head office building in Gotenyama

JIJI

Sony Corp. plans to sell assets in Tokyo’s Shinagawa Ward, including its former head office building called the NS Building, it was learned Friday.

Through the step, the electronics giant will cover its electronics business losses stemming from the nonperforming television and personal computer operations, sources said.

The NS Building and other assets subject to sale are in an area called Gotenyama.

Sony moved its key functions to the Gotenyama area in 1947, one year after the company was established as Tokyo Tsushin Kogyo, and more than 6,000 employees were once working there.

But the company sold more than half of its facilities in the area in 2007, when it relocated its key functions to its current headquarters building in Tokyo’s Minato Ward.

Currently, only about 1,000 Sony employees in medical sectors work in the Gotenyama area. They are slated to move to the present head office building in stages.

After the property sale, only some facilities, including the company’s history museum, will remain in the area.

As part of restructuring measures, Sony earlier this month announced a decision to sell its PC business to investment fund Japan Industrial Partners Inc. and spin off its TV operations.

Last year, the company sold its U.S. head office building in New York and a building in Shinagawa.