1. Sony Replaces CFO Following $1.1 Billion Loss

    March 28, 2014 10:12 AM EDT Kenichiro Yoshida will take over from Masaru Kato on April 1 as the conglomerate looks to return to profitability. Sony will replace its CFO, with Kenichiro Yoshida taking over from Masaru Kato on April 1. The conglomerate, led by CEO Kaz Hirai, a ...

  2. Sony CEO on Calls for An Entertainment Spin-Off: 'It Needs To Be Examined'

    June 20, 2013 4:56 AM EDT Sony CEO Kaz Hirai told shareholders at their annual meeting that entertainment is a vital part of the company, but that the board will consider the proposal from hedge fund Third Point to sell a 15 to 20% stake in the profit-making division. De ...

  3. Sony Corp Reports Q4 Profit, Music Sales Are Flat

    May 09, 2013 7:10 AM EDT Sony Corp. is back in the black for its fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings. The Japanese electronics and entertainment company also dragged its ...

  4. Sony Reports $463 Million Music Profit While Parent Corp. Posts Record $5.7 Billion Loss

    May 10, 2012 7:53 AM EDT TOKYO (AP) -- Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new president. Sony, h ...

  5. Sony Reports $2 Billion Loss in Third Quarter

    February 02, 2012 11:18 AM EST TOKYO - Sony announced net losses of 159 billion yen ($2.04 billion) for the third quarter, while Sir Howard Stringer defended his record as CEO as he handed over the reins to Kazuo Hirai. The end of year period should be the company's best q ...

  6. Sony Music Sales Down 14.5% Last Quarter

    February 03, 2011 6:58 AM EST Sony reported operating income down 5.9 percent in the quarter ending December 31 on a slight drop in sales, as the strong yen and a poor quarter for Sony Pictures and LCD TVs hit earnings. Sales and revenue were down on the same quarter in 2009 t ...