Sony Holds Corporate Meeting, Considers Loeb's Proposal

Sony Corporation (NYSE:SNE) (TYO:6758) held a corporate strategy meeting on 22 May at which president Kazuo Hirai emphasized steady progress with measures aimed at achieving his mission of returning electronics operations to profit at the operating level. Mr Hirai showed no swerving from the policy of improving hardware product appeal as the driving force behind improving profitability for electronics. The company has retained its FY14 targets for the electronics business, with digital imaging, mobile, and game operations as core businesses, of sales of ¥6trn and an operating margin of 5% (versus companywide targets of ¥8.5trn and at . . .


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