Japan firms join exodus from China's factories as tariffs bite
Top Japanese companies including Sony Corp., Ricoh Co. and Asics Corp. are orchestrating shifts in production away from China, joining manufacturers from other countries seeking to sidestep U.S. tariffs. Sony said last week that trade-war levies may cause it to raise prices or move production ...
Lower sales of PlayStation 4 spurs Sony to cut fiscal 2019 sales outlook
Sony Corp. cut Tuesday its sales outlook for the current fiscal year through next March to ¥8.6 trillion ($79 billion) from ¥8.8 trillion forecast earlier, after the company lowered its sales expectations for PlayStation 4 hardware. Sony's sales downgrade, which represents a fall of 0.8 ...
Kyocera, Lion and Sony team up to test the market for music-playing children's toothbrushes
Brushing small children's teeth can be one of the tougher parts of child rearing, particularly as it can be quite a chore just to get them to sit still long enough to complete the task. To help parents who struggle with this daily ordeal, Kyocera ...
Sony and Daiwa Securities eye ¥20 billion fund to invest in high-tech start-ups
Sony Corp. said Wednesday it will set up a venture fund of around ¥20 billion ($185 million) with a Daiwa Securities Group Inc. unit to invest in prospective startups. Innovation Growth Ventures Co. has been established by Sony and Daiwa Capital Holdings Co. to support ...
On Walkman's 40th anniversary, Sony opens retro exhibition in Ginza
Sony Corp. opened an exhibition Monday in Tokyo's bustling Ginza district to mark the 40th anniversary of its signature Walkman. The handheld audio player debuted on July 1, 1979, offering portable music to ears across the world. In the years that followed, over 400 million ...
Keita Takahashi: The world is alive with the fun of Wattam
Designer of the cult game Katamari Damacy talks about his new game, Wattum, and how a goat changed his life.
Activist investor Dan Loeb calls on Sony to spin off its semiconductor business
Activist investor Dan Loeb has disclosed a $1.5 billion stake in Sony Corp. and pushed the company to make dramatic changes, including spinning off its semiconductor business and listing it in Japan. Sony's shares rose 3.1 percent in Tokyo after Loeb's Third Point published a ...
Sony's cloud gaming deal with Microsoft blindsided its own PlayStation team
When Sony Corp. unveiled a cloud gaming pact with archrival Microsoft Corp., it surprised the industry. Perhaps no one was more shocked than employees of Sony's PlayStation division, who have spent almost two decades fighting the U.S. software giant in the $38 billion video ...
The future is bright for gamers
The fictional and real future of gaming: Jupiter & Mars' postapocalytic underwater world, Microsoft's digital-only Xbox One and Guilty Gear's ongoing popularity.
Sony posts record net profit for second straight year on solid game and music sales
Sony Corp. said Friday it posted a record net profit in the business year ended in March for the second consecutive year, lifted by strong sales of games and music. The electronics and entertainment giant reported a group net profit of ¥916.27 billion ($8.2 billion), ...
Daniel Loeb's Third Point hedge fund building a stake to pressure Sony, sources say
Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp. to push for changes, the second time in six years it has targeted the electronics maker, according to sources familiar with the matter. Once a market leader in consumer electronics, Sony ...
Sony chairman, who keyed firm's turnaround with bet on PlayStation and image sensors, to retire
Sony Corp. Chairman Kazuo Hirai, the architect of a turnaround at the once-dominant electronics giant, will retire in June after spending more than three decades at the company. The 58-year-old, who ceded the role of chief executive officer to Kenichiro Yoshida in April 2018, will ...
