Structural reform of the Electronics Business and fixed-cost reductions
First written in FY2016. 3 of 14 entries say "Mitigated", first in FY2020. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025Headcount reduction through restructuring and site closuresAnnual report
「At the end of fiscal 2024, the number of employees decreased by approximately 700 from the end of the previous fiscal year to approximately 112,300. This was the result of headcount increases in the overseas Movies business, mainly due to business expansion through M&A, and the Financial Services segment, more than offset by headcount reductions resulting from restructuring in ET&S, overseas G&NS, and domestic Other, as well as the closure of sites in China in the overseas I&SS segment.」
The Group continued restructuring and fixed-cost reductions, reducing its workforce by approximately 700 through the reorganization of ET&S, G&NS, Other, and I&SS sites in China, among other measures. - FY2021Increase in restructuring costs and continued reorganization of manufacturing sitesAnnual report
「For example, in fiscal 2020 Sony carried out restructuring, primarily in the EP&S segment, focusing on the closure and consolidation of manufacturing facilities and the restructuring of sales companies.」
In fiscal 2020, Sony continued to close and consolidate manufacturing facilities and restructure sales companies, with restructuring-related costs increasing from ¥24.966 billion in the previous fiscal year to ¥25.876 billion. - FY2021-Q3MitigatedAnnual report
「Net restructuring costs for the current cumulative consolidated reporting period decreased by ¥6.0 billion year on year to ¥8.1 billion. Restructuring costs are included in operating income as operating expenses.」
Restructuring costs for the cumulative first 3 quarters of fiscal 2020 were ¥8.1 billion, down ¥6.0 billion from the same period of the previous year. - FY2021-Q2MitigatedAnnual report
「Net restructuring costs for the current cumulative consolidated reporting period decreased by ¥5.5 billion year on year to ¥4.4 billion. Restructuring costs are included in operating income as operating expenses.」
Restructuring costs decreased by ¥5.5 billion year on year to ¥4.4 billion in the cumulative first 2 quarters of fiscal 2020. - FY2020MitigatedAnnual report
「The costs related to restructuring in fiscal 2018 and fiscal 2019, including depreciation of assets related to restructuring, were as follows.」
Restructuring-related costs decreased from ¥33.091 billion in fiscal 2018 to ¥24.966 billion in fiscal 2019. Meanwhile, restructuring initiatives including the smartphone business and a review of the channel portfolio continued. - FY2020-Q3Cumulative increase in restructuring costsAnnual report
「Net restructuring costs for the current cumulative consolidated reporting period increased by ¥2.2 billion year on year to ¥14.1 billion. Restructuring costs are included in operating income as operating expenses.」
Restructuring costs increased by ¥2.2 billion year on year to ¥14.1 billion in the cumulative first 3 quarters of fiscal 2019. - FY2020-Q2Cumulative increase in restructuring costsAnnual report
「Net restructuring costs for the current cumulative consolidated reporting period increased by ¥4.9 billion year on year to ¥9.9 billion.」
Restructuring costs for the cumulative first 2 quarters of fiscal 2019 were ¥9.9 billion, up ¥4.9 billion from the same period of the previous year. - FY2020-Q1Increase in restructuring costsAnnual report
「Net restructuring costs for the current quarter increased by ¥2.3 billion year on year to ¥3.6 billion. Restructuring costs are included in operating income as operating expenses.」
Restructuring costs in the first quarter of fiscal 2019 were ¥3.6 billion, up ¥2.3 billion from the same quarter of the previous year. - FY2019Increase in restructuring costsAnnual report
「The costs related to restructuring in fiscal 2017 and fiscal 2018, including depreciation of assets related to restructuring, were as follows.」
Restructuring-related costs increased from ¥22.4 billion in fiscal 2017 to ¥33.1 billion in fiscal 2018. In fiscal 2018, Sony withdrew from overseas manufacturing sites and regions in the MC segment, among other measures. - FY2019-Q3Continued incurrence of restructuring costsAnnual report
「Net restructuring costs for the current cumulative consolidated reporting period increased by ¥4.7 billion year on year to ¥11.9 billion.」
Restructuring costs reached ¥11.9 billion in the cumulative first 3 quarters of fiscal 2018, up ¥4.7 billion year on year. - FY2017AdvancedAnnual report
「The restructuring plan for the MC segment, which began in fiscal 2014, was substantially completed by fiscal 2016. In fiscal 2016, Sony achieved cost savings of more than ¥120.0 billion compared with fiscal 2014, primarily in research and development and marketing expenses.」
The disclosure describes the substantial completion of MC restructuring and cost savings of more than ¥120.0 billion compared with fiscal 2014. - FY2017-Q3Increase in expected restructuring costsAnnual report
「In fiscal 2016, Sony expects to record total restructuring costs of approximately ¥45.0 billion, including an impairment loss of approximately ¥33.0 billion related to the planned transfer of the battery business. However, it may incur substantial additional or future restructuring costs due to the impact of an economic downturn and the withdrawal from unprofitable businesses, including through business sales.」
The expected restructuring costs for fiscal 2016 increased from approximately ¥42.0 billion, as previously disclosed, to approximately ¥45.0 billion. Optimization of manufacturing, outsourcing, indirect functions, and business processes is also continuing. - FY2017-Q2Greater specificity regarding expected restructuring costsAnnual report
「In fiscal 2016, Sony expects to record total restructuring costs of approximately ¥42.0 billion, including an impairment loss of approximately ¥33.0 billion related to the planned transfer of the battery business. However, it may incur substantial additional or future restructuring costs due to the impact of an economic downturn and the withdrawal from unprofitable businesses, including through business sales. Sony continues initiatives to optimize manufacturing operations, utilize outsourced production, reduce selling, general and administrative expenses across the Group, outsource indirect functions and information-processing operations, and optimize business processes across sales and marketing, production, logistics, procurement, quality, and research and development.」
Restructuring costs for fiscal 2016 were expected to total approximately ¥42.0 billion, including approximately ¥33.0 billion in impairment related to the transfer of the battery business. The disclosure also specifies the possibility of additional costs and initiatives to optimize manufacturing, outsourcing, indirect functions, and business processes. - FY2016First statedAnnual report
「Amid a challenging business environment, Sony undertook various transformations and completed large-scale restructuring to revitalize its electronics business. As a result of these initiatives, the head office and sales companies achieved fixed-cost savings of more than ¥100.0 billion in fiscal 2015 compared with fiscal 2013. Sony also formulated and announced restructuring plans for the MC segment in September 2014 and February 2015, and expects annual cost savings of more than ¥90.0 billion from fiscal 2016 onward compared with fiscal 2014, primarily in research and development and marketing expenses.」
The disclosure specifies the completion of large-scale restructuring, the resulting fixed-cost savings, and the expected future savings in the MC segment.