Sony did press costs of internal consolidation
Company Info March 23rd, 2010
Sony Corp. plans to consolidate operations with the international distribution of video-game unit in order to reduce overlapping costs.
Companies based in Tokyo and Sony Computer Entertainment Inc., the software and hardware vendors PlayStation 3, will combine the distribution route. Thus the statement a company spokesman who commented on Mami Imada Nikkei daily news. He refused to explain the estimated savings from the move.
Product distribution costs that business groups expected to increase 50% next fiscal year, after falling 25% to 150 billion yen (U.S. $ 1.6 billion) in the 12 months up to March 31.
Sony, which project the annual loss for the second time, cutting about 20,000 workers and make savings of 330 billion yen to rebuild the profitability of the television and gaming units until March 2011. Company’s operating margin target of 5%.
Sony shares rose 1.5% to 2715 yen at 10:36 am on the Tokyo Stock Exchange today, higher than the increase in the index Nikkei 225 Stock Average of 1%
