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May 21, 2019
Evolution as a Creative Entertainment Company with a Solid Foundation of Technology
Tokyo - May 21, 2019 - Sony Corporation ("Sony" or the "Company") today held its Corporate Strategy Meeting for the fiscal year ending March 31, 2020 ("FY2019"). President and CEO Kenichiro Yoshida outlined the Company's progress on its mid-term corporate strategy starting with the fiscal year ended March 31, 2019 ("FY2018") and finishing with the fiscal year ending March 31, 2021 ("FY2020"), and detailed the core policies for each of Sony's businesses.
In addition to strengthening each of its individual businesses, Sony will pursue further synergy across them through cooperation between its content IP and Direct-to-Consumer (DTC) services, as well as technology, in order to continue its evolution as a "creative entertainment company with a solid foundation of technology."
Highlights from the presentation are available below. For further details, please refer to the speech materials and presentation slides from the event, which will be available on Sony's corporate website.
At last year's Corporate Strategy Meeting, Sony announced that its corporate direction is "getting closer to people." The Company outlined three specific points that underpin this corporate direction as it seeks to generate social value and create high levels of profit.
All of Sony's businesses (Content IP entertainment businesses including Games, Music, and Pictures and Animation; Electronics businesses; DTC services businesses including PSN and Financial Services) are underpinned by technology. Key points of initiatives for each business segment, as well as collaborations between our content IP and DTC services and synergies between our businesses based on technologies, are as follows:
As a member of the earth and society, Sony will continue to work to enhance its economic value while, at the same time, contributing to the environment and to society by creating social value through the business activities of the entire Sony Group.
Risks and uncertainties also include the impact of any future events with material adverse impact. Important information regarding risks and uncertainties is also set forth in Sony's most recent Form 20-F, which is on file with the U.S. Securities and Exchange Commission.