Kazuo Hirai

Sony to raise nearly $4 billion; will ramp up sensors business to anchor turnaround

Japan's Sony Corp plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses.

Two weeks after CEO's remarks, Sony Mobile division head denies rumours of a sale

The head of Sony Mobile told French daily newspaper Le Figaro that the division is not being sold, only two weeks after Sony Corp Chief Executive Kazuo Hirai said he would not rule out considering an exit strategy.

Sony goes for restructuring drive, to split big businesses into self-operating units

Sony's boss said Wednesday he would keep splitting the vast business into self-operating units in a bid to drag it out of the red, while forecasting an ambitious $4.2 billion (roughly Rs. 26,132 crores) operating profit in three years.

CFO Yoshida's Sony revamp wins over investors, tough decisions loom

Months after Sony Corp bought So-net, the broadband provider's chief chided CEO Kazuo Hirai for having his "priorities in the wrong order".

Shocker: Sony looking to sell smartphone business

Sony CEO Kazuo Hirai has weathered a crisis over a cyberattack on its Hollywood studio and its controversial comedy "The Interview", but his toughest moment may be just arriving as he prepares a new business revival plan.

Sony CEO asks for patience as shareholders press on spinoff plan

Sony Corp shareholders pressed its chief executive for a response to hedge fund Third Point's proposal for a partial spinoff of its profitable entertainment arm but Kazuo Hirai pleaded for patience as management reviews the bold plan.

After losses worth $181 million, Sony to cut $100 million in costs

Sony Entertainment, the movie and music arm of Sony Corp., is looking to cut at least $100 million in costs and has hired consulting firm Bain & Co. to conduct a review of its operation

Sony is on track for comeback: CEO Hirai

Sony Corp, the struggling Japanese electronics and entertainment company, is headed in the right direction although its comeback is not yet complete, its chief executive said Thursday.

Sony executives give up bonuses

Seven Sony Corp. executives, including Chairman Howard Stringer and President Kazuo Hirai, are giving up their performance-based bonus pay.

Turnaround plan: Sony to sack 10,000 employees by year-end

Half the job cuts would come from consolidating the firm's chemicals and small and midsize LCD operations.