Sony Corporation is to create a new holding company which will encompass three business divisions.
In effect the electronics giant is spinning off its camera division into a separate business. Sony Electronics Corp is the new stand-alone segment and its three subsidiaries under the umbrella Electronics Products & Solutions (EP&S) business are:
· Mobile Communications and their related global sales and marketing, manufacturing, logistics, procurement and engineering platforms.
Sony said “Through the establishment of Sony Electronics Corporation, Sony will not only accelerate the integrated operation of the EP&S businesses, but also aim to optimise its organisational structure, talent and business portfolio, while further enhancing competitiveness and creating new business.”
The new structure is effective April 1st.