Sony Corporation ADR

Description

Sony Group Corporation (NYSE:SONY) is a Japanese multinational company that provides electronic equipment and is engaged in the entertainment sector through its subsidiaries.

The company caters to various sectors such as manufacturing, consumer, professional, electrical goods, gaming consoles, hardware, network services, etc.

In addition, it also engaged in production and management of gaming applications.

Sony Entertainment Inc operates in the media sector, such as music production companies, film studios, animation titles, etc.

It also claims to among the leading players in the music, television and motion pictures.

The conglomerate firm operates and manages its business through different units:
• Music
• Games
• Network services
• Home entertainment and sound
• Imaging products and solutions
• Financial services
• Mobile communications
• Pictures
• Semiconductors

Games and Network Segment

The segment mainly focuses on the development, production, distribution and licensing of gaming consoles, software, applications and network services.

Music Segment

The global entertainment company deals with the publishing of recorded music and provides a platform for image media through this segment. In addition, it releases music albums in association with artists across different music genre.

Picture Segment

The company is engaged in media networks, television program creation, and film production services through this segment.

Home Entertainment and Sound Segment

It primarily deals with manufacturing consumer electronic products, such as LCD and LED televisions, home audio systems, Bly-ray players and recorders, and portable memory-based audio devices.

Under the imaging products and solutions segment, the company caters to development of virtual imaging products and provides professional solutions to the customers.

Mobile Communications Segment

The segment is engaged in the manufacturing of the Sony mobile phones and also manages internet service business of the company.

Semiconductor Segment

The Japanese corporation’s subsidiary is engaged in the manufacturing and distribution of the image sensors and the camera modules under the semiconductor business division.

In addition to entertainment services, the company is engaged in various financial services businesses like life insurance and banking operations through its Japanese-based subsidiaries.

In addition, the global entertainment company manufactures and distributes Blu-ray disc, DVDs, CDs, and batteries.

The company was originally incorporated in Japan in 1946 as joint stock company. It was rebranded to Sony Corporation in 1958.

However, in April 2021, four subsidiaries were merged to form Sony Group Corporation.

The Tokyo-based firm is reportedly the world’s largest manufacturers of consumer electronic products.

The company is included in various indexes such as Nikkei 225 and TOPIX Core30 components.