A Look Into Sony's Tri-Split
Sony's Device Segment Spinoff: Sony Semiconductor Solutions
In a Form 6-K filed with the SEC, Sony explained that, as a part of a plan to reinforce its devices segment, one of the company’s main growth drivers, it will implement a new operational structure.
The devices segment will still be overseen by Executive Deputy President and Corporate Executive Officer Tomoyuki Suzuki.
Image Sensor Spinoff: Sony Semiconductor Solutions Corporation
Separately, the tech company will spin off its image sensor business. The new company will be called Sony Semiconductor Solutions Corporation and is expected to commence independent operations on April 1, 2016.
“The aim of these measures is to ensure clearly attributable accountability and responsibility from the perspective of shareholders, management policies with an emphasis on sustainable profit generation, and the acceleration of decision-making processes and reinforcement of business competitiveness,” the filing explained.
Terushi Shimizu, the current deputy president of the company’s Device Solutions Business Group, is the main candidate for the president position at the new Sony Semiconductor Solutions. In time, the new company will oversee Sony Semiconductor Corporation (manufacturing) and Sony LSI Design Inc (design).
The Third: Sony Storage Media And Devices Corporation
The third company in this equation will be Sony Storage Media and Devices Corporation. By integrating business functions currently undertaken by Sony Corp and manufacturing operations, “the Company aims to ensure continued, stable profit generation,” the filing expounded.
Sony is also targeting April 2016 for the completion of this transfer.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Image Credit: Public Domain
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