Key Developments: Sony Corp (SNE.N)

SNE.N on New York Stock Exchange

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

Sony Corp increases production capacity for stacked CMOS image sensors
Wednesday, 23 Jul 2014 02:00am EDT 

Sony Corp:Plans to invest in Sony Semiconductor Corporation's Nagasaki Technology Center and Kumamoto Technology Center, to increase its production capacity for stacked CMOS image sensors.This investment forms part of Sony's mid - to long-term plan to increase its total production capacity for image sensors to approximately 75,000 wafers per month.Says expected to increase the current capacity of approximately 60,000 wafers per month to approximately 68,000 wafers per month in Aug. 2015.  Full Article

Sony Corp recalls VAIO Flip PC laptops due to fire and burn hazards
Tuesday, 1 Jul 2014 12:35pm EDT 

Sony Corp:Recalls personal computers of about 680.Says computers' lithium-ion batteries can overheat, posing fire and burn hazards.This recall includes Sony's VAIO Flip PC laptops with model number (product name) SVF11N13CXS.Computers were sold in three colors silver, black and pink.They have Panasonic-manufactured lithium-ion battery and a folding touch screen that measures about 11.6 inches diagonally and a backlit keyboard.Says products recalled are sold at Sony retail stores nationwide and online from Feb. 2014 to April 2014 for about $800.  Full Article

Sony Corp subsidiary SONY PICTURES TELEVISION to acquire CSC MEDIA GROUP
Thursday, 26 Jun 2014 05:00am EDT 

Sony Corp:Subsidiary Sony Pictures Television (SPT) reached an agreement to acquire entire shares of CSC Media Group (CSC) in the UK for about 107 million pounds, or about 18,000 million yen on June 26 (British time).Under the agreement, SPT will own and operate the 16 ad-supported channels in the company’s portfolio, pending regulatory approval.  Full Article

Sony Corp to transfer a part of PC operation to VJ Corporation
Tuesday, 27 May 2014 07:30pm EDT 

Sony Corp:Says it has decided to have VJ Corporation, which will be renamed as VAIO Corporation after this company split, succeed to certain rights and obligations related to a part of PC operation currently operated in Japan under the VAIO brand by an “absorption-type company split”.This company split is a step in the process of a sale of Sony’s PC business announced in the press release dated May 2, 2014.Expected effective July 1.Says there will be no issuance of new shares or cash payment upon the completion of the contemplated company split.  Full Article

Sony Corp to transfer business and stake to subsidiary
Wednesday, 14 May 2014 02:00am EDT 

Sony Corp:To transfer its management business of the investment in wholly-owned subsidiary Sony Mobile Communications AB and entire stake in Sony Mobile Communications AB to a wholly-owned subsidiary Sony Mobile Communications Inc.Transaction expected to be on July 1.  Full Article

Sony Corp to issue year-end dividend for FY 2014
Tuesday, 13 May 2014 02:00am EDT 

Sony Corp:To issue a year-end dividend of 12.5 yen per share to all the shareholders of record as of March 31, for the FY ended March 2014.Payment date June 3.Says the dividend amount was an undermined value in latest forecast disclosed on Feb. 6.  Full Article

Sony Corp sign definitive agreements for the sale of pc business
Friday, 2 May 2014 06:00am EDT 

Sony Corp:Sony and special purpose company to be invested by Japan Industrial Partners IV Investment Limited Partnership which is controlled and operated by JIP (SPC) have enters into definitive and legally-binding agreements.Regarding sale to SPC of Sony's PC business operated under VAIO brand.Pursuant to these agreements, Sony's PC business operated in Japan under VAIO brand and certain related assets will be transferred to SPC.Parties are targeting July 1, 2014 for completion of Sale.  Full Article

Sony revises full-year consolidated outlook for FY 2014
Thursday, 1 May 2014 02:00am EDT 

Sony Corp:Full-year consolidated outlook for revenue of 7,770 bln yen raised from 7,700 bln yen, for fiscal year ended March 31, 2014.Full-year operating profit outlook of 26 bln yen lowered from 80 bln yen.Full-year pre-tax profit outlook of 26 bln yen lowered from 80 bln yen.Full-year net profit (loss) outlook of (130 bln) yen lowered from (110 bln) yen.Operating profit and pre-tax profit outlook lowered due to expense on personal computer (PC) business reform and impairment on overseas disc production business.  Full Article

Sony announces price for sale of shares in Square Enix Holdings by subsidiary
Wednesday, 16 Apr 2014 07:30pm EDT 

Sony Corp:Says transaction price of 15.3 bln yen, for sale of 9,520,000 shares in Square Enix Holdings Co Ltd to SMBC Nikko Securities Inc by subsidiary Sony Computer Entertainment Inc.Transaction date April 21.  Full Article

Hydro-Quebec and Sony announce establishment of joint venture to start development of energy storage system for power grids
Wednesday, 16 Apr 2014 10:49am EDT 

Hydro-Quebec and Sony Corp:To establish a joint venture to research and develop a large-scale energy storage system for power grids.Plan to establish the new company in June.  Full Article

UPDATE 2-Sony's 'The Interview' makes $18 million in opening weekend

Dec 28 - Sony Pictures said "The Interview" has earned more than $15 million in online sales and another $2.8 million in theaters, an impressive return made possible by the publicity surrounding the cyberattack blamed on North Korea.

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