Sony Electronics Corporation to be Established from April 1st 2020
In a brief statement, Sony has revealed that it is spinning off its Electronics Products & Solutions segment (Imaging Products & Solutions, Home Entertainment & Sound, and Mobile Communications) into the new Sony Electronics Corporation, as from April 1st 2020.
Sony Press Release
Tokyo, Japan -- Sony Corporation ("Sony") today announced that it will establish an intermediate holding company "Sony Electronics Corporation" effective April 1st, 2020. Sony Electronics Corporation will incorporate the three businesses that comprise its Electronics Products & Solutions ("EP&S") segment (Imaging Products & Solutions, Home Entertainment & Sound, and Mobile Communications) and related global sales and marketing, manufacturing, logistics, procurement and engineering platforms.
Through the establishment of Sony Electronics Corporation, Sony will not only accelerate the integrated operation of the EP&S businesses, but also aim to optimize its organizational structure, talent and business portfolio, while further enhancing competitiveness and creating new business.