Sony CEO Kazuo Hirai said Thursday the company still expects to turn around its loss-making home electronics business, which includes TV sets, this fiscal year after completing restructuring.
"When I became president, (Sony) decided rebuilding the electronics business was the most important issue, and we have taken various measures," Hirai told a news conference at Sony headquarters in Tokyo. "While the entertainment and financial businesses have grown more than expected, I'm ashamed that we still haven't turned around the electronics business."
Hirai said he takes Sony's loss-making TV business very seriously but ruled out exiting the industry at this point.