Jan 7, 2016

Sony chief expects slower growth in smartphone sector

Sony Corp. President Kazuo Hirai said Wednesday he expects growth in the smartphone market to slow as it approaches saturation. “I don’t think this is a market where double-digit growth will continue,” Hirai told media outlets at the International Consumer Electronics Show. “It’s been ...

Sony's Hirai says turnaround past midway point

Oct 8, 2015

Sony's Hirai says turnaround past midway point

Sony Corp.’s struggling electronics businesses have passed the midway point on the way to financial health, President Kazuo Hirai said. “Three years of restructuring are beginning to bear fruit,” Hirai told reporters during a group interview in Tokyo on Wednesday. “Except for smartphones, every ...

Oct 7, 2015

Sony spins out semiconductors as Hirai pushes accountability

Sony Corp. will spin out its semiconductor business into a new company as President Kazuo Hirai revamps the devices business to focus on hit products such as image sensors and considers selling underperforming assets. Sony Semiconductor Solutions Corp. will begin operating in April and ...

Sony shares nosedive as investors question fundraising drive

Jul 1, 2015

Sony shares nosedive as investors question fundraising drive

Sony Corp.’s plan for its first share sale in 26 years is straining investors’ faith in Chief Executive Officer Kazuo Hirai’s ability to deliver on growth promises. The company plans to raise about ¥440 billion ($3.6 billion) by selling common stock and convertible bonds ...

Sony bosses to give up bonuses for fourth year straight

May 14, 2015

Sony bosses to give up bonuses for fourth year straight

Sony Corp. President Kazuo Hirai and seven other corporate executive officers will give up their bonuses for the fourth consecutive year to take responsibility for the company’s massive loss for fiscal 2014, company sources said Thursday. The eight executives, including Executive Deputy President and ...

Sony chief Hirai breaks silence, condemns 'vicious' hacking

Jan 6, 2015

Sony chief Hirai breaks silence, condemns 'vicious' hacking

Sony chief Kazuo Hirai on Monday spoke publicly for the first time about the cyberattack that derailed the launch of the comedy “The Interview,” calling the assault “vicious and malicious.” Hirai thanked supporters who stood by the company, including employees and moviegoers who saw ...

What if 'The Interview' had been made in Japan?

Jan 1, 2015

What if 'The Interview' had been made in Japan?

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It couldn’t happen here — that was my first takeaway from the massive cyberattack on Sony Pictures Entertainment prompted by the Seth Rogen and James Franco comedy “The Interview.” In the film, the two heroes journey to North Korea ostensibly to interview its real-life ...