Sony Corp. earnings are "moving in the right direction" as it accelerates a plan to turn around its unprofitable TV business, Chief Executive Officer Kazuo Hirai said.
Sony, Japan's biggest exporter of consumer electronics, also is "mindful of our cash position" as it makes deals such as its agreement reached last Friday to invest ¥50 billion in Olympus Corp., Hirai said Tuesday at the CEATEC high-tech exhibition at Makuhari Messe in Chiba Prefecture.
The company is selling businesses, including a chemical products division for ¥57.2 billion, to generate cash, he said.