Last $23.44 USD
Change Today -0.055 / -0.23%
Volume 350.4K
As of 1:22 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

sony corp (SNEJF) Key Developments

Sony Corporation Provides Earnings Guidance for the Fiscal Year Ending March 2015

Sony Corporation estimated a consolidated net loss of ¥230 billion for the current fiscal year ending in March 2015.

Sony Corp. and Aeon Co. Plans to Enter into the Low-Price Smartphone Market

Sony Corp. and Aeon Co. are planning a joint entry into the low-price smartphone market. Beginning in the spring at the earliest, Sony intends to sell earlier models of its Xperia smartphones at Aeon outlets with monthly charges including handset price at about half those charged by major mobile phone carriers. The move will offer consumers more choice and is expected to reinvigorate the Japanese low-cost smartphone market. Aeon's launch of low-price smartphones last spring helped them become popular. Its smartphone lineup has grown from phones made by Chinese and other foreign suppliers to handsets of Japanese makers, such as Sharp Corp., Fujitsu Ltd. and Kyocera Corp.

Sony Corp. plans to Lay Off Additional 1,000 Jobs in Smartphone Business

Sony Corp. plans to lay off an additional 1,000 employees in its smartphone business, mainly in Europe and China. The company had announced last October that it would eliminate around 1,000 jobs, mainly in smartphone operations. In all, the workforce will shrink by roughly 30% to 5,000 as of the end of the fiscal year through March 2016.

Sony Corp. to Cut 1,500 Jobs in Japan

Sony Corp. is planning to cut 1,500 staffers in Japan, from a total of 5,000 jobs it planned to cut globally by the end of March. The employees who will be affected by the job cuts include general staff aged 40 and over and managers aged 45 and above from various divisions.

Sony Corporation Plans to Close All 14 Retail Stores in Canada

Sony Corporation announced it will close all 14 retail stores in Canada over the next six to eight weeks, resulting in 90 layoffs.

 

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Hitachi Ltd ¥897.30 JPY -1.90
Mitsubishi Corp ¥2,068 JPY -20.00
Panasonic Corp ¥1,352 JPY -18.50
Seven & i Holdings Co Ltd ¥4,338 JPY +6.50
Toshiba Corp ¥474.60 JPY +10.70
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Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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