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    6758   JP3435000009

SONY GROUP CORPORATION

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CEO Interview: What I wanted to convey through our Corporate Strategy Meeting

06/16/2021 | 09:12pm EDT
CEO Interview: What I wanted to convey through our Corporate Strategy Meeting
June 17, 2021

On May 26, Sony Group Corporation presented its corporate strategy from a long-term view. At the Sony Corporate Strategy Meeting, CEO Kenichiro Yoshida, who defined Sony's Purpose (or reason for being) in 2019, outlined his intention to drive the evolution and growth of the Sony Group around the axis of this Purpose, to media, investors and analysts.
Following the event, Mr. Yoshida spoke to a member of Sony's Corporate Communications team to share more information on the announcement, and his approach to this strategy. Please access video of this interview below.

Q1: Why I place such importance on Sony's Purpose
Q2: What does it mean to connect to 1 billion people?
Q3: What is needed to strengthen collaboration between our diverse businesses?
Q4: Why did Sony create VISION-S?
Q5: Sony's contribution in the area of sustainability

Access full interview text here

Terminology from the interview
Sony's Purpose: Sony's Purpose, or reason for existing, is to 'fill the world with emotion, through the power of creativity and technology.' It was defined in 2019 so that the 110,000 employees across Sony's diverse businesses could move together along the same vector, and create value from a long-term perspective.
Community of Interest: Communities of people that share emotionally impactful experiences and interests
Funimation: DTC distribution and streaming service for Japanese anime content.
FGO: Fate/Grand Order. Mobile game based on anime IP, available in Japan and around the world. It is also a major hit in China, where it is distributed in partnership with Bilibili.
SonyLiv: DTC video service for the India market
The Orchard: Independent music distribution company and subsidiary of Sony Music.
AWAL: Music company providing distribution and other services primarily to independent recording artists, acquired in 2021.
360 Reality Audio: New musical experience that makes it possible for artists and creators to produce music by mapping sound sources such as vocals, chorus and instruments with positional information and placing them within a spherical space. Powered by Sony's spatial sound technologies, it evokes feelings of being in a music studio or live concert venue - all without leaving the comfort of home.
Road to Zero: Sony's global environmental plan that strives to achieve a zero environmental footprint throughout the life cycle of its products and business activities by 2050.
RE100: Global initiative targeting the transition to 100% renewably sourced electricity.

Disclaimer

Sony Group Corporation published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 01:11:02 UTC.


© Publicnow 2021
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Financials
Sales 2022 9 628 B 87 081 M 87 081 M
Net income 2022 731 B 6 611 M 6 611 M
Net cash 2022 3 012 B 27 241 M 27 241 M
P/E ratio 2022 17,9x
Yield 2022 0,56%
Capitalization 13 513 B 122 B 122 B
EV / Sales 2022 1,09x
EV / Sales 2023 0,98x
Nbr of Employees 109 700
Free-Float 98,2%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 10 905,00 JPY
Average target price 14 518,95 JPY
Spread / Average Target 33,1%
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Managers and Directors
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Hiroki Totoki CFO, Director, VP & Head-Business Administration
Shuzo Sumi Co-Chairman
Adam Alexander Crozier Non-Executive Chairman
Toru Katsumoto Chief Technology Officer, Executive VP, Head-R&D
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