Key Developments: Sony Corp (SNE)
20.34USD
17 May 2013
$0.24 (+1.19%)
$20.10
$20.12
$20.38
$20.10
4,723,802
3,839,459
$22.23
$9.57
Latest Key Developments (Source: Significant Developments)
Sony Corp Issues FY 2014 Mixed Guidance-Conference Call
Sony Corp announced that for fiscal 2014, it expects consolidated sales to increase approximately 10% year on year, to JPY7,500 billion, due to the depreciation of the yen and an expected increase in sales in the Electronics businesses and consolidated operating income to be essentially flat year on year, at JPY230 billion, due to the increased sales and improved operating results of the Electronics businesses. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of JPY7,063 billion and EBIT of JPY246 billion for fiscal 2014. Full Article
Sony Corp to Issue Year-end Dividend for FY 2013
Sony Corp announced that it has decided to issue a year-end dividend of JPY 12.5 per share, to all the shareholders of record as of March 31, 2013, effective June 4, 2013. The latest dividend forecast was an undetermined value, disclosed on February 7, 2013. Full Article
Sony Corp Raises Consolidated Full-year Outlook for FY 2013
Sony Corp announced that it has raised its consolidated full-year outlook for revenue from JPY 6,600,000 million to JPY 6,800,000 million, operating profit from JPY 130,000 million to JPY 230,000 million, ordinary profit from JPY 150,000 million to JPY 240,000 million, net profit from JPY 20,000 million to JPY 40,000 million for the fiscal year ended March 31, 2013. The positive outlook is mainly due to good performance of lowered exchange rate and gain on selling of assets. Full Article
Olympus Corp to Establish Joint Venture with Sony Corp
Olympus Corp announced that it will establish a joint venture engaged in medical business with Sony Corp on April 16, 2013. The details were disclosed on September 28, 2012. Full Article
Sony Corp And Olympus Corp Update On Status For Establishment Of Medical Business Venture Company
Olympus Corp (Olympus) and Sony Corp (Sony) updated the status of the medical business venture company (the medical business venture) that has been the subject of discussions between the two parties, and which will be established in accordance with the business alliance agreement executed on September 28, 2012. Olympus and Sony announced in the press release 'Update on the Status for Establishment of Medical Business Venture Company between Olympus and Sony' dated December 21, 2012 that the companies aimed to establish the medical business venture by April 1, 2013, subject to customary closing conditions, including the receipt of any necessary regulatory approvals. The examination by the relevant authority is taking longer than expected, but the Company understand the examination process is currently in its final stage. Olympus and Sony expect to announced establishment of the medical business venture promptly after the establishment date is fixed. Full Article
Sony Corp, Olympus Delay Medical Venture As Regulatory Approval On Hold-Reuters
Reuters reported that Sony Corp and Olympus Corp have again delayed the start of a joint venture (JV) to develop medical equipment because they have yet to gain approval from some regulators. Plans by the Japanese companies to establish a joint venture to design and build medical devices have struggled to win approval in China, according to a source at one of the corporations familiar with the matter. Neither Sony or Olympus have said where they are still awaiting permission from regulators. Full Article
Olympus Corp and Sony Corp Announce Update on Establishment of Joint Venture
Olympus Corp and Sony Corp announced that it has to extend the date of establishment of joint venture, which was announced on September 28, 2012. Full Article
Sony Corp And Koninklijke Philips Electronics NV owned Intertrust Technologies Corp Sues Apple Inc-Reuters
Reuters reported that Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Royal Philips Electronics (Koninklijke Philips Electronics NV) said, it has sued Apple Inc for infringing 15 patents relating to security. The lawsuit covers devices such as the iPhone and iPad, Mac computers and laptops, Apple TV and services including iTunes, iCloud and the Apple App Store, Intertrust said in a statement that gave no dollar figure associated with the lawsuit. Apple declined to comment. Full Article
Sony Corp's Subsidiary Completes Selling of Property
Sony Corp announced that its 100%-owned subsidiary Sony Corporation of America has completed the selling of its headquarter building, for USD 1.1 billion, on March 15, 2013. Full Article
Sony Corp's Board Chairman Stringer To Retire-Reuters
Reuters reported that Sony Corp's board Chairman Howard Stringer will retire in June, the Financial Times reported. The departure of Stringer, who last year handed the top post to Kazuo Hirai, would officially mark an end. He will step down at a shareholders' meeting in June, the paper said. Sony could not be reached for comment immediately. Full Article
New Xbox more than a game console for Microsoft
* Renews contest with Sony, Nintendo for $65 bln game market
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