Sony has announced that it will reorganize the company and management in the next month in an effort to improve the company’s balance sheet. Japanese conglomerate said that as part of its forthcoming reorganization will create a number of subsidiaries, in particular, the semiconductor business.
Game & Network Services, Sony Mobile Communications, Sony Pictures and Sony Music – just some of the Sony Group companies, which already function as independent subsidiaries, and for the past couple of years, the company has created a division for the home entertainment business, including television business in July 2014, as well as audio and video business in October last year.
The company also announced a far-reaching changes in the structure of the company, saying that since April 1 company “rebuild function platforms that support each of its business in order to improve the efficiency and effectiveness of these operations”.
This, in effect, means that some of the operations, the responsibility for which lay on Sony Corp. the parent company, will now be transferred to subsidiaries of Sony Group. Such operations include consumer sales platform, production, logistics, procurement, quality and environmental platform Sony Electronics business, as well as some of the cloud platform, and those associated with the service enterprises.