Sony is expected to record its best profit in two decades this week, which has caused the company’s shares to surge. The firm’s stock closed 3.84 per cent higher in Japan amid chatter that the organisation may be on the verge of reporting its strongest profit since 1998.
Ever since former PlayStation president Kaz Hirai took charge, the Japanese giant has been slowly recovering from a dismal period of loss after loss. The CEO has shrunk the business significantly, but the electronics icon is now much leaner and more focused as a result – and it’s bearing the results at a spreadsheet level.
PlayStation is obviously going through a successful time right now, but the firm’s financial and semiconductor businesses are also thriving. The next great challenge for Hirai is reviving its movie sector, which been a Hugh financial and PR mess the last few years.
