Sony

Global leader in consumer electronics. Well known for manufacturing various products, including televisions, digital cameras, smartphones, and wearables. Mostly associated with the popular video game console the PlayStation

Categories

Industrial Manufacturing  
Technology  
Financial and Banking  

#122

Rank

$114.29B

MarketCap JP

JP Japan

Country

Summary

Sony Group Corporation is a Japanese multinational conglomerate corporation headquartered in Tokyo, Japan. It was founded in 1946 and is one of the leading manufacturers of consumer electronics, video games and entertainment products. Sony Group Corporation operates through several subsidiaries and divisions and has interests in a wide range of businesses including electronics, film, music, financial services, gaming and telecommunications. Sony Group Corporation is one of the most recognizable brands in the world, renowned for its innovative products and services.

Sony Group Corporation manufactures and markets a wide range of electronic products including television sets, digital cameras, video cameras, DVD players, video game consoles, personal computers, digital music players, and mobile phones. Sony Group Corporation also produces a variety of entertainment products such as films, music, and video games. Sony Group Corporation owns and operates several record labels, music publishers, and television and film production companies. Sony is a mix of consumer electronics and various well-known brand names, such as Walkman in portable audio players, Vaio in PCs, Xperia in smartphones, Cybershot and Alpha in digital cameras, and PlayStation video game consoles. The company also provides financial services, such as banking, insurance, and investment services. Sony Group Corporation is one of the largest corporations in the world, with a market capitalization of over US$100 billion.

Sony Group Corporation has a long history of innovation and has won numerous awards for its products. It has also been recognized for its commitment to environmental sustainability, corporate social responsibility, and innovative technology solutions. Sony's developing cutting-edge technologies and products. With its investments in AI and robotics research and development. Sony Group Corporation continues to be a leader in the consumer electronics industry and is dedicated to developing new technologies to improve the lives of its customers.


History

Sony Corporation is a Japanese multinational conglomerate corporation headquartered in Tokyo, Japan. It was founded on May 7, 1946, by Masaru Ibuka and Akio Morita, originally as a radio repair shop. The company's original name was Tokyo Telecommunications Engineering Corp., which was later changed to Sony Corporation in 1958.

Sony's early years were focused on developing new types of electronics, including Japan's first tape recorder in 1950. In the 1950s, Sony launched its first transistor radio, the TR-55, which was a huge commercial success. In 1957, Sony introduced the first all-transistor television set, the TV-8-301. The company also established its first overseas production facility in New York in 1959.

In the 1960s, Sony continued to innovate and achieve commercial success. The company introduced the world's first portable television, the TV8-301, in 1960. In 1962, Sony introduced the world's first cassette tape recorder, the TC-1. The company launched the first-ever transistorized hi-fi amplifier, the TA-1120, in 1965. In 1968, Sony released the Trinitron colour television, which quickly became a worldwide bestseller.

In the 1970s, Sony continued to expand and diversify its business. The company introduced the first portable Betamax video recorder, the SL-7200, in 1975. Sony released the first home video game console, the PlayStation, in 1977. Sony also diversified into the movie industry in 1979, establishing Columbia Pictures Entertainment.

The 1980s saw Sony continue to expand and innovate. The company launched the world's first compact disc player, the CDP-101, in 1982. In 1983, Sony introduced the first 3.5-inch floppy disk drive, the MP-F75W, for personal computers. The company established Sony Computer Entertainment in 1987, which developed and launched the PlayStation gaming console in 1994.

In the 1990s, Sony continued to grow its business through acquisitions and innovation. The company acquired CBS Records in 1991, which was later renamed Sony Music Entertainment. Sony launched its first digital camera, the Mavica, in 1997. The company introduced the first digital versatile disc (DVD) player, the DVP-S7000, in 1998. Sony also established a joint venture with Swedish telecom company Ericsson in 2001, creating Sony Ericsson, which developed mobile phones.

In the 2000s, Sony faced challenges but also continued to innovate. The company launched its second home gaming console, the PlayStation 2, in 2000, which became the best-selling gaming console of all time. Sony introduced the first Blu-ray disc player, the BDP-S1, in 2006. The company also faced challenges in 2011 due to a massive data breach that compromised the personal information of millions of customers. Sony's mobile phone business struggled in the face of competition from Apple and Samsung.

In the 2010s, Sony focused on recovery and renewed its focus on its core businesses of gaming, entertainment, and electronics. The company launched the PlayStation 4 in 2013, which became another best-seller. Sony's movie division faced criticism over a high-profile hacking incident in 2014, but still released successful films such as the Spider-Man franchise. Today, Sony remains a major player in the global electronics, gaming, and entertainment industries, with a strong brand and a dedicated fan base for its products.

Over the past decade, Sony Corporation has achieved remarkable milestones, solidifying its position as a leading global conglomerate. The company's gaming division soared to new heights with the release of the PlayStation 5, captivating gamers worldwide with its exceptional performance and captivating game library. Sony further revolutionized the gaming industry by introducing PlayStation VR, allowing players to immerse themselves in captivating virtual worlds.

In the imaging sector, Sony's Alpha series mirrorless cameras gained widespread acclaim among photographers and enthusiasts, boasting cutting-edge technology and exceptional image quality. Their image sensors also found their way into smartphones, contributing to the advancement of mobile photography.

Sony Corporation's achievements exemplify their unwavering commitment to innovation, excellence, and their ability to succeed in diverse industries. With a strong foothold in gaming, entertainment, imaging, music, and beyond, Sony continues to push boundaries and shape the future of technology and entertainment.


Mission

Sony's mission statement is "to be a company that inspires and fulfils your curiosity." This mission statement reflects the company's focus on innovation, creativity, and technology, and its desire to provide customers with products and services that are engaging, high-quality, and cutting-edge. 

In addition, Sony places a strong emphasis on social responsibility, stating that it aims to "create new value through sustainable economic, environmental, and social practices." The company strives to make a positive impact on society through its business operations and to contribute to the overall well-being of people and the planet.


Vision

Sony's vision is to "create and deliver more exciting and fulfilling entertainment experiences." This vision reflects the company's focus on providing innovative and engaging entertainment products and services that capture the imagination and inspire audiences around the world. 

Sony aims to push the boundaries of what is possible in entertainment, using technology and creativity to deliver experiences that are immersive, interactive, and memorable. In addition, the company aims to be a leader in sustainability, stating that it wants to "be a company that contributes to society and the environment through our business operations and products." Sony is committed to creating a more sustainable future through responsible practices and actions that help to preserve the planet for future generations.


Key Team

Kenichiro Yoshida (Chairman and CEO)

Hiroki Totoki (President, COO and CFO)

Toshimoto Mitomo (Executive Deputy President and CSO)

Terushi Shimizu (Senior Executive Vice President)

Rob Stringer (Chairman, Sony Music Group; CEO, Sony Music Entertainment)

Anthony Vinciquerra (Chairman and CEO, Sony Pictures Entertainment Inc.)

Jim Ryan (President and CEO, Sony Interactive Entertainment LLC)

Jon Platt (Chairman and CEO, Sony Music Publishing)

Masashi Oka (President & CEO, Representative Director, Sony Financial Group Inc.)

Kimio Maki (Officer in charge of Entertainment, Technology & Services Business Representative Director, President and CEO, Sony Corporation)

Shiro Kambe (Officer in charge of Legal, Compliance, Privacy, Corporate Communications, Brand, Sustainability, External Relations, Quality Management and the Board Secretariat)

Kazushi Ambe (Officer in charge of Human Resources, General Affairs, lead of Group Diversity, Equity & Inclusion, and the Corporate Executive Office)


Recognition and Awards
Sony has won awards such as the World Star Award for Packaging Excellence, Top Rated Engineering Teams from Comparably in 2017, Philo T. Farnsworth Corporate Achievement Award by the Television Academy at the 69th Engineering Emmy® and Global Social Justice Fund award in 2020.

Products and Services

Sony is a diversified company that produces a wide range of products and services across multiple industries. Some of their main products and services include:

1. Electronics: Sony is known for producing high-quality electronics, including televisions, audio equipment, cameras, smartphones, laptops, and gaming consoles.

2. Gaming: Sony's PlayStation gaming division is a major part of the company's business, with a range of gaming consoles, games, and accessories.

3. Entertainment: Sony has a major presence in the entertainment industry, with a music division that includes labels such as Sony Music and Columbia Records, and a movie division that includes Columbia Pictures.

4. Financial Services: Sony also offers a range of financial services, including insurance and banking through its Sony Financial Holdings subsidiary.

5. Imaging: Sony produces a range of high-quality cameras and lenses for both professional and consumer use.

6. Professional Solutions: Sony's professional solutions division provides a range of products and services for industries such as broadcasting, healthcare, and education.

7. Semiconductors: Sony produces semiconductors for use in a range of electronic devices, including image sensors, audio processors, and memory chips.

Sony is a diversified company that produces a wide range of products and services across multiple industries, with a focus on innovation, quality, and customer satisfaction.


References
Sony
Leadership team

Kenichiro Yoshida (Chairman and CEO)

Hiroki Totoki (President, COO and CFO)

Toshimoto Mitomo (Executive Deputy President and CSO)

Terushi Shimizu (Senior Executive Vice President)

Rob Stringer (Chairman, Sony Music Group; CEO, Sony Music Entertainment)

Anthony Vinciquerra (Chairman and CEO, Sony Pictures Entertainment Inc.)

Jim Ryan (President and CEO, Sony Interactive Entertainment LLC)

Industries

Industrial Manufacturing

Technology

Financial and Banking

Products/ Services
Consumer electronics, Robots, Semiconductors, Telecommunications equipment, Gaming & entertainment, Imaging & Sensing Solutions, Home Appliances, Financial services
Number of Employees
20,000 - 50,000
Headquarters
Minato City, Tokyo, Japan
Established
1946
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000313838
Net Income
1B - 20B
Traded as
SONY
Social Media

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Thu Apr 25 2024
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