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Sony Group (6758) · InitiativeRestated

Discontinuation of the development and manufacture of high-performance camera modules for external sales

First written in FY2017-Q1. 1 of 3 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2017.

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ProgressHeldSoftenedWorseFirst statedFY2017-Q1WorsenedFY2017-Q22016: 220162017: 12017
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  1. FY2017RestatedAnnual report

    「For the camera module business, which had been generating substantial losses, we discontinued the development and production of high-performance camera modules for external sales at Kumamoto Technology and sold the production plant in Guangzhou, China.」

    The discontinuation of development and production of high-performance camera modules for external sales and the sale of the production plant were reconfirmed as examples of business-structure transformation.
  2. FY2017-Q2WorsenedAnnual report

    「For the six-month consolidated cumulative period of the second quarter of fiscal 2016, we recorded an impairment loss of ¥23.9 billion on long-lived assets associated with discontinuing the development and production of certain high-performance camera modules for external sales in the semiconductor business.」

    The impairment loss associated with discontinuing development and production of high-performance camera modules for external sales increased from ¥20.3 billion in the previous quarter to ¥23.9 billion for the six-month cumulative period.
  3. FY2017-Q1First statedAnnual report

    「In the first quarter of fiscal 2016, we recorded an impairment loss of ¥20.3 billion on long-lived assets associated with discontinuing the development and production of certain high-performance camera modules for external sales in the semiconductor business.」

    Development and production of certain high-performance camera modules for external sales were discontinued, and an impairment loss of ¥20.3 billion was recorded on long-lived assets.
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Discontinuation of the development and manufacture of high-performance camera modules for external sales | SONY GROUP CORPORATION (6758) | Komori