SONY GROUP CORPORATION’s transition to a group headquarters company and separation of the electronics business
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
2 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「Effective 1 April 2021, the Company will change its name to Sony Group Corporation to focus on group headquarters functions. In connection with this change, Sony Electronics Corporation, SHES, SIPS and Sony Mobile Communications Inc. will be integrated and will begin operations as Sony Corporation.」
The separation and redefinition of group headquarters functions and electronics business functions was carried out on 1 April 2021, and SONY GROUP CORPORATION was established. - FY2020First statedAnnual report
「Effective 1 April 2021, the Company will change its corporate name to “Sony Group Corporation” (English name: Sony Group Corporation). The Company will separate and redefine its functions, which currently encompass both group headquarters functions and headquarters support functions for the electronics business, and will become a company focused exclusively on group headquarters functions under the name “Sony Group Corporation.”」
The corporate name change effective 1 April 2021 and the focus on group headquarters functions were presented for the first time as a standalone management initiative. The disclosure also described plans to establish an intermediate holding company overseeing the electronics business in April 2020 and to promote integrated management with the operating companies and portfolio optimization.