Key Developments: Sony Corp (SNE.N)

SNE.N on New York Stock Exchange

22 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Sony Corp to cooperate on logistics business with Mitsui-Soko Holding
1:00am EST 

Sony Corp:To centralize logistics business into wholly owned subsidiary Sony Supply Chain Solutions Inc, which is engaged in International Procurement Office (IPO) and Customer Service Operations (CSO).Sony Supply Chain Solutions Inc (SSCS-J) to acquire Sony Supply Chain Solutions (Thailand) Ltd.SSCS-J to set up a new subsidiary in Malaysia, and Sony Supply Chain Solutions (Malaysia) Sdn.Bhd. to transfer logistics business to the new subsidiary.Mitsui-Soko Holding to acquire 2,046,000 shares (66 pct stake) of SSCS-J for about 18,000 mln yen.Mitsui-Soko Holding to hold 66 pct stake in SSCS-J.  Full Article

Sony Corp and subsidiary to transfer business to new company Sony Global Education
Thursday, 18 Dec 2014 01:00am EST 

Sony Corp:Says the company and wholly owned subsidiary Sony Computer Science Laboratories, Inc. plan to establish a new company, Sony Global Education, Inc. on April 1, 2015 for offer of online educational services.The company and subsidiary to transfer online educational service business including MathNative and Global Math Challenge operations.To hold 90 pct stake in Sony Global Education and Sony Computer Science Laboratories to hold 10 pct stake in Sony Global Education.  Full Article

KSS Ltd ties up with Sony Corp to bring in 4K cinema technology-Business Standard
Monday, 3 Nov 2014 05:10am EST 

KSS Ltd:Says its entry into 4K space and has joined hands with Hong Kong-based Sony Corp to bring in the 4K cinema technology-Business Standard.Also KSS has set up a target to install 3,000 4K cinema screens over next 2-3 years.  Full Article

Sony Corp cancels dividend for FY 2015
Wednesday, 17 Sep 2014 02:00am EDT 

Sony Corp:Resolved to cancel the mid-year and year-end dividend for the FY ending March 2015.Says the dividend amount was an undermined value in latest forecast.  Full Article

Sony Corp amends consolidated full-year outlook for FY 2015
Wednesday, 17 Sep 2014 02:00am EDT 

Sony Corp:Says the company amended the consolidated full-year outlook for the FY ending March 2015.Revenue at 7,800 bln yen.Amended operating profit to a loss of 40 bln yen.FY 2015 revenues of 7,750.89 billion yen – Thomson Reuters I/B/E/S.  Full Article

Teradek announces collaboration with Sony Corp
Friday, 12 Sep 2014 05:00am EDT 

Teradek:Collaboration to integrate Sony's wireless camera adapter (CBK-WA100 and CBK-WA101) with Teradek's T-Rax and Slice H.264 decoders.Integration offers broadcasters a powerful point-to-point MPEG-2 solution for HD live video transmission from the field to TV stations or ENG trucks.  Full Article

Sony Corp completes delisting from London Stock Exchange
Friday, 29 Aug 2014 03:45am EDT 

Sony Corp:Completed delisting from London Stock Exchange on Aug. 29 (London time).Plan disclosed on July 30.  Full Article

Sony Corp to establish joint venture with Japan Display and Panasonic Corp and to transfer business to joint venture
Thursday, 31 Jul 2014 02:00am EDT 

Sony Corp:Executed an agreement to establish a new company, JOLED Inc. to integrate Sony and Panasonic’s R&D functions for organic light-emitting diode (OLED) display panels, with Innovation Network Corporation of Japan (INCJ), Japan Display Inc. and Panasonic Corporation.INCJ and Japan Display will respectively hold 75 pct and 15 pct of the voting rights in JOLED, and Sony and Panasonic will each hold 5 pct.Companies aim to accelerate the development and early commercialization of OLED display panels.JOLED is scheduled to be launched in January 2015.To transfer OLED display panels business to JOLED on Jan. 5, 2015.JOLED to deliver 18,000 shares and undetermined amount preferred stock to Sony.  Full Article

Sony to apply for delisting from London Stock Exchange
Wednesday, 30 Jul 2014 02:00am EDT 

Sony Corp:To apply for delisting from London Stock Exchange due to low trading volume on July 30.Delisting date around Aug. 29.  Full Article

Sony Corp to sell land to Sony Life Insurance Co Ltd
Monday, 28 Jul 2014 02:00am EDT 

Sony Corp:Says to sell land to subsidiary Sony Life Insurance Co Ltd at price of 52.8 bln yen.Says selling expected complete in the middle of September.  Full Article

WRAPUP 4-Internet outage seen in N. Korea amid U.S. hacking dispute

WASHINGTON/BEIJING, Dec 22 - North Korea, at the center of a confrontation with the United States over the hacking of Sony pictures, itself experienced Internet outages on Monday, a U.S. company that monitors Internet infrastructure said.

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