Sony Stock Surge Gives New CEO the Hottest Start in 23 Years
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Ken Yoshida is off to the hottest start of any Sony Corp. chief executive officer in at least two decades, after strong earnings that sent shares soaring on Wednesday.
The Tokyo-based company has outperformed the Nikkei 225 by about 20 percentage points since Yoshida took charge in April, beating results from prior Sony CEOs dating back to the mid-1990s over an equal period of time. Shares jumped as much as 7.1 percent on Wednesday after Yoshida raised his full-year profit outlook and handily beat analyst estimates, fueled by record profits in video games.