Sony to show signs of recovery: shangcai quarter earned $ 35 million
Beijing August 2 morning news, Sony (21.96,0.92,4.37%) said on Thursday that the company was carefully considering the shareholder proposals in splitting the entertainment business of, but company officials also revealed that this long troubled Japan e-business is already showing some signs of recovery.
In the quarter ending June 30, Sony's net profit of 3.5 billion yen (about US $ 35 million), compared with a loss of 24.6 billion yen. Compared to make up deficits, mainly benefited from the weaker yen and Smartphone sales growth. The company closed growth 13% when Ji Ying, reaching 17.3 billion Japanese yen (about 174 million dollars).
According to the Nikkei industrial News reported, Sony tend to reject United States hedge fund manager dannier·lebu (Daniel Loeb) unbundling proposal. Sebastien Loeb's Third Point 7% Sony owned hedge fund companies, he hoped SONY's entertainment business split away from electronics and financial services. But Sony did not comment on this report.
Sony's CFO jiatengyou said on the earnings conference call: "we will discuss the matter carefully, and then come to a successful conclusion. ”
He also added: "improving profitability is the CEO of e-business pingjingyifu the most important goal. Meanwhile, entertainment and financial services will remain our core business. ”
Sebastien Loeb raise again this week, he said in a letter sent to Third Point investors, will be Sony's poor performance of the Hollywood content production business attack on the management of the company. The return to Earth and the poor fall movies such as the recent White House box office impact on this business.
Sebastien Loeb said in an open letter, the movies and Hollywood's famous failures of the Yi Sida (Ishtar) and the future of water world as bad. He also added that Sony content creation businesses lack of fundamental accountability, financial control is bad.
Sony confirmed that the company's content production business did poorly in that quarter, and indicated that, in accordance with the same terms, revenues of this business was reduced by 16%.
But e-business to show clear signs of recovery. While the camera and card were affected by the overall trends in the industry, but Sony's intelligent mobile phones quarter sales achieved a significant rise, from 7.4 million in the same period last year to 9.6 million units. Sony said the company's Smartphone average selling price increased to help them achieve $ 60 million profit in the mobile sector, and lost $ 28.1 million in the same period last year.
Although analysts have questioned the continuation of broad product line practice, but Sony executives said that strong expected improvement has enhanced the status of the company, and investor recognition.
"The company is clearly focused on repair of electronic business, these results suggest that this strategy had played a role. "Macquarie Securities analyst Damian·song (Damian Thong) said.
Even Lob also acknowledged Sony e-business performance improvement. When he criticized Sony's entertainment industry mismanagement at the same time, also praised pingjingyifu for e-business to bring the signs of recovery.
Sebastien Loeb said in addition to the strong performance of Xperia Smartphones such as z, the company launches PlayStation 4 gaming platforms have also demonstrated the "perfect execution". The product will be listed at the end of this year.
Overall, Sony is also benefited from the devaluation of the Japanese yen, which makes the company through value-added after overseas earnings converted into yen.
Sony said, if the removal of exchange rate movements, the company's revenues may decline, mainly because of the revenues from its cameras to reduce and sell chemical products business.
Nissan and Matsushita (7.24,0.00,0.00%) this week published results of Japan exporters also benefited from the devaluation of the Japanese yen. This is in line with Japan Prime Minister Shinzo Abe planned, he hopes to promote Japan's growth.mobile dvr
car dvr
vehicle dvr
In the quarter ending June 30, Sony's net profit of 3.5 billion yen (about US $ 35 million), compared with a loss of 24.6 billion yen. Compared to make up deficits, mainly benefited from the weaker yen and Smartphone sales growth. The company closed growth 13% when Ji Ying, reaching 17.3 billion Japanese yen (about 174 million dollars).
According to the Nikkei industrial News reported, Sony tend to reject United States hedge fund manager dannier·lebu (Daniel Loeb) unbundling proposal. Sebastien Loeb's Third Point 7% Sony owned hedge fund companies, he hoped SONY's entertainment business split away from electronics and financial services. But Sony did not comment on this report.
Sony's CFO jiatengyou said on the earnings conference call: "we will discuss the matter carefully, and then come to a successful conclusion. ”
He also added: "improving profitability is the CEO of e-business pingjingyifu the most important goal. Meanwhile, entertainment and financial services will remain our core business. ”
Sebastien Loeb raise again this week, he said in a letter sent to Third Point investors, will be Sony's poor performance of the Hollywood content production business attack on the management of the company. The return to Earth and the poor fall movies such as the recent White House box office impact on this business.
Sebastien Loeb said in an open letter, the movies and Hollywood's famous failures of the Yi Sida (Ishtar) and the future of water world as bad. He also added that Sony content creation businesses lack of fundamental accountability, financial control is bad.
Sony confirmed that the company's content production business did poorly in that quarter, and indicated that, in accordance with the same terms, revenues of this business was reduced by 16%.
But e-business to show clear signs of recovery. While the camera and card were affected by the overall trends in the industry, but Sony's intelligent mobile phones quarter sales achieved a significant rise, from 7.4 million in the same period last year to 9.6 million units. Sony said the company's Smartphone average selling price increased to help them achieve $ 60 million profit in the mobile sector, and lost $ 28.1 million in the same period last year.
Although analysts have questioned the continuation of broad product line practice, but Sony executives said that strong expected improvement has enhanced the status of the company, and investor recognition.
"The company is clearly focused on repair of electronic business, these results suggest that this strategy had played a role. "Macquarie Securities analyst Damian·song (Damian Thong) said.
Even Lob also acknowledged Sony e-business performance improvement. When he criticized Sony's entertainment industry mismanagement at the same time, also praised pingjingyifu for e-business to bring the signs of recovery.
Sebastien Loeb said in addition to the strong performance of Xperia Smartphones such as z, the company launches PlayStation 4 gaming platforms have also demonstrated the "perfect execution". The product will be listed at the end of this year.
Overall, Sony is also benefited from the devaluation of the Japanese yen, which makes the company through value-added after overseas earnings converted into yen.
Sony said, if the removal of exchange rate movements, the company's revenues may decline, mainly because of the revenues from its cameras to reduce and sell chemical products business.
Nissan and Matsushita (7.24,0.00,0.00%) this week published results of Japan exporters also benefited from the devaluation of the Japanese yen. This is in line with Japan Prime Minister Shinzo Abe planned, he hopes to promote Japan's growth.mobile dvr
car dvr
vehicle dvr
jia128 - 2. Aug, 03:20
