Sony president promised shareholders to save the company from losses

The president of the Japanese company Sony Kazuo Hirai, at a recent meeting with shareholders, promised them that he would do everything possible to save his company from losses already in this fiscal year, which is due to end in March 2015.

The Associated Press reports that Hirai was forced several times to ask hostile shareholders to shut up and give him the opportunity to explain the situation and his future plans. The current president of Sony is facing a difficult task, since he came to power at a time when the previous president of American origin, Howard Stringer, brought the company to the point of exhaustion.

Kazuo Hirai approached the restructuring of the company systematically. He got rid of unprofitable businesses, including selling the Vaio computer development division. Several huge company buildings were sold, and thousands of jobs were cut - all this was simply necessary to keep Sony afloat. By the way, the resolution and determination of the new president fell to the shareholders, as they unanimously voted for Hirai to remain in his post.

“The best way to build Sony’s future is to remain a Sony company,” said Kazuo Hirai to shareholders. “We need to remember that our motto is to inspire people and their desire for new horizons.”

Hirai reminded shareholders that Sony engineers have a lot of great innovative ideas that will become a reality in the next few years and will be translated into commercial products. At the moment, the company is slowly but surely seeking to generate profit again. This helps her mobile unit, as well as a division of PlayStation. Let me remind you that to date more than 8 million PlayStation 4 consoles have been sold, which is a huge success for the semi-annual console.

Still, the main losses of the company fall on the production of TVs, since the more budget products of Korean companies Samsung and LG do not leave any chance for Sony TVs to find a buyer in the market. Now Sony plans to allocate a television division in a separate company, so that it minimally affects the financial condition of the corporation.

According to Kazuo Hirai, the company should start generating profits by the end of March 2015, that is, in this fiscal year. Will he keep his promise - time will tell.

The article is based on materials https://hi-news.ru/tv/prezident-sony-poobeshhal-akcioneram-prekratit-ubytki-kompanii.html.