History of Sony in Timeline
Sony Group Corporation is a Japanese multinational conglomerate based in Tokyo. It operates through diverse segments, including electronics, semiconductors, entertainment (music, pictures, and games), interactive entertainment, and financial services. Sony Corporation handles the electronics business. Other key subsidiaries are Sony Semiconductor Solutions, Sony Entertainment (overseeing music and pictures businesses), Sony Interactive Entertainment (PlayStation), and Sony Financial Group. Sony is known for its innovative consumer electronics, entertainment content, and gaming hardware.
May 1946: Establishment of Tokyo Tsushin Kogyo
On May 7, 1946, Masaru Ibuka and Akio Morita established Tokyo Tsushin Kogyo (Tokyo Telecommunications Engineering Corporation), which later became Sony.
1946: Foundation of Tokyo Tsushin Kogyo K.K.
In 1946, Tokyo Tsushin Kogyo K.K. was founded by Masaru Ibuka and Akio Morita, marking the beginning of what would become Sony Corporation.
1955: TR-63 radio launched the consumer microelectronics industry
According to Schiffer, Sony's TR-63 radio "cracked open the U.S. market and launched the new industry of consumer microelectronics" in 1955.
1955: First Sony-branded product TR-55 transistor radio
In 1955, the first Sony-branded product, the TR-55 transistor radio, was released.
January 1958: Company name officially changed to Sony
In January 1958, the company officially changed its name to Sony.
1958: Company name change to "Sony"
In 1958, Tokyo Tsushin Kogyo changed its name to "Sony".
1958: Company name change to Sony Corporation
In 1958, the company adopted the name Sony Corporation, transitioning from its original name, Tokyo Tsushin Kogyo K.K.
1959: Sony Produced the TV8-301
In 1959, Sony produced the TV8-301, the world's first all-transistor television.
1960: Akio Morita founded Sony Corporation of America
In 1960, Sony co-founder Akio Morita established Sony Corporation of America.
1961: Listed on the New York Stock Exchange
Since 1961, Sony has been listed on the New York Stock Exchange via American depositary receipts.
1968: Portable transistor radio industry reaches 5 million units
By the end of 1968, American teens had begun buying portable transistor radios in huge numbers, helping to propel the fledgling industry from an estimated 100,000 units in 1955 to 5 million units.
1968: Sony Introduced Trinitron Brand
In 1968, Sony introduced the Trinitron brand name for its aperture grille cathode-ray tube televisions and computer monitors.
1971: Masaru Ibuka handed the position of president over to Akio Morita
In 1971, Masaru Ibuka handed the position of president over to his co-founder Akio Morita.
1971: Introduction of U-matic videocassette format
In 1971, Sony introduced U-matic, the world's first videocassette format, but the standard was unpopular for domestic use due to the high price.
1975: Launch of Betamax format
In 1975, Sony launched the Betamax format, a system for video cassette recorders.
1976: Environmental Conference
In 1976, Sony started holding an Environmental Conference to address their effects on global warming, the environment, and resources.
1977: Sony Demonstrated Optical Digital Audio Disc
In 1977, Sony demonstrated an optical digital audio disc, marking an early step in the development of CD technology.
1979: Sony began a life insurance company
In 1979, Sony began a life insurance company, one of its many peripheral businesses.
1979: Sony Released the Walkman
In 1979, Sony released the Walkman, the world's first portable music player, which included MDL-3L2 headphones, revolutionizing music listening habits.
1981: Sony Demonstrated Prototype of Sony Mavica
In 1981, Sony demonstrated a prototype of the Sony Mavica.
1983: Sony and Philips Jointly Announced the Compact Disc (CD)
In 1983, Sony and Philips jointly announced the Compact Disc (CD), establishing a worldwide standard for optical digital audio storage.
1983: Sony Introduced 3.5-inch Floppy Disks
In 1983, Sony introduced 90 mm micro diskettes, better known as 3.5-inch floppy disks, which became the dominant format, replacing 5.25" floppy disks.
1984: Sony Launched Discman Series
In 1984, Sony launched the Discman series, which expanded the Walkman brand to portable CD players.
1985: Launch of Handycam products and Video8 format
In 1985, Sony launched their Handycam products and the Video8 format, which became popular in the consumer camcorder market.
1986: Sony Launched Write-Once Optical Discs (WO)
In 1986, Sony launched write-once optical discs (WO), with a size of around 125MB for archival data storage.
1987: Launch of Digital Audio Tape
In 1987 Sony launched the 4 mm DAT or Digital Audio Tape as a new digital audio tape standard.
1988: Nintendo and Sony Began Joint Project
As early as 1988, Nintendo and Sony began a joint project to create a CD-ROM version of the Super Famicom.
1988: Purchase of CBS Records
In 1988, Norio Ohga purchased CBS Records, expanding Sony's media presence.
1988: Acquisition of Columbia Records
In 1988, Sony expanded beyond electronics by acquiring Columbia Records, marking its entry into the music industry.
1988: Sony Launched Magneto-Optical Discs
In 1988, Sony launched magneto-optical discs, which were around 125MB in size, for archival data storage.
1988: Sony Released Mavica for Consumer Market
In 1988, Sony released the Sony Mavica for the consumer market.
1989: Purchase of Columbia Pictures
In 1989, Norio Ohga purchased Columbia Pictures, greatly expanding Sony's media presence.
March 1991: Nintendo Denied Sony Deal
As late as March 1991, Nintendo denied the existence of the Sony deal to create a CD-ROM version of the Super Famicom.
June 1991: Sony Revealed the "Play Station"
At the Consumer Electronics Show in June 1991, Sony revealed a Super Famicom with a built-in CD-ROM drive, named the "Play Station". However, Nintendo broke its partnership with Sony a day later.
1991: Establishment of Sony Music Entertainment
In 1991, Sony established Sony Music Entertainment. The acquisition of CBS Records provided the foundation for this.
May 1992: Negotiations Between Nintendo and Sony Officially Ended
Negotiations between Nintendo and Sony officially ended in May 1992, with Nintendo offering Sony a "non-gaming role" in their new partnership with Philips, which was rejected.
June 1992: Sony President Ohga Decided to Retain the PlayStation Project
In June 1992, Sony President Ohga decided to retain the PlayStation project after Kutaragi reminded him of the humiliation suffered from Nintendo. However, Kutaragi and his team were shifted to Sony Music due to strong opposition.
1992: Introduction of the MiniDisc format
Sony introduced the MiniDisc format in 1992 as an alternative to Philips DCC or Digital Compact Cassette and as a successor to the Compact Cassette.
1993: Sony Introduced SDDS
In 1993, Sony introduced SDDS (Sony Dynamic Digital Sound), a proprietary motion picture digital audio format with eight channels (7.1) of audio, challenging the Dolby Digital 5.1 standard. SDDS was developed for theatrical use and ultimately overshadowed by DTS and Dolby Digital.
1994: Akio Morita retires as chairman
In 1994, Akio Morita retired as chairman of Sony, after overseeing the company's growth into a global brand known for consumer electronics innovation.
1994: Launch of the PlayStation
In 1994, Sony entered the home video game console market with the launch of the PlayStation.
1995: Merger with ATV Music Publishing
In 1995, Sony merged its publisher with Michael Jackson's ATV Music Publishing, forming Sony/ATV Music Publishing. At the time, it was the second largest publishing company globally.
1995: Establishment of Aniplex
In 1995, Sony's Sony Music Entertainment Japan (SMEJ) division established Aniplex as its subsidiary managing creative productions, marking Sony's entry into the anime business.
1996: First Cyber-shot Introduced
In 1996, Sony introduced the first Cyber-shot camera.
1996: Expiration of Trinitron patent
Sony held a patent for its proprietary Trinitron until 1996.
1997: DVD Format Introduced
In 1997, the DVD format, a unified disc format based on Toshiba's Super Density Disc (SD), was introduced after Philips and Sony abandoned their MultiMedia Compact Disc (MMCD) format.
1998: Sony Launched Memory Stick Format
In 1998, Sony launched the Memory Stick format, flash memory cards used in Sony's digital cameras and portable music players. The format saw little support outside of Sony products.
1999: Price Fixing of Professional Videotapes
Between 1999 and 2002, Sony, Fuji and Maxell engaged in fixing professional videotape prices through regular meetings and other illegal contracts. This led to an investigation in 2002 by the European Commission, which culminated in a fine in 2007.
1999: Sony Introduced Portable Digital Audio Players
In 1999, Sony introduced its first portable digital audio players. One used Memory Stick flash storage, while the other was a pen-sized player with embedded flash storage, both using Sony's OpenMG copyright protection.
August 2000: Quote from Steve Heckler
In August 2000, Sony Pictures Entertainment U.S. senior vice president Steve Heckler stated that "The industry will take whatever steps it needs to protect itself and protect its revenue streams ...". Sony then worked on a DRM system that works like a rootkit in order to enforce its copyright claims upon users of music CDs.
September 2000: Market capitalization of $100 billion
In September 2000, Sony had a market capitalization of $100 billion.
2000: Release of "NGO Strategy" Document
In 2000, Sony faced criticism after a document entitled "NGO Strategy" was leaked to the press. The document revealed the company's surveillance of environmental activists in an attempt to counter their movements.
2001: Sales of professional videotapes
During the year 2001 prior to the investigation Sony sold professional videotapes for a total of €115 million inside the EU.
March 2002: Net worth
In March 2002, Sony had net worth of $17.9 billion.
2002: Investigation launched by the European Commission
In 2002, the European Commission launched an investigation against Sony, Fuji and Maxell, that culminated in 2007, for fixing professional videotape prices between 1999 and 2002 through regular meetings and other illegal contracts.
2004: Release of Hi-MD
In 2004, Sony built upon the MiniDisc format by releasing Hi-MD, which allows the playback and recording of audio on newly introduced 1 GB Hi-MD discs in addition to playback and recording on regular MiniDiscs.
2004: Joint venture with Bertelsmann AG
In 2004, Sony entered into a joint venture with Bertelsmann AG, merging Sony Music Entertainment with Bertelsmann Music Group to create Sony BMG.
2004: Introduction of Triluminos Display technology
In 2004, Sony introduced the Triluminos Display, the company's proprietary color reproduction enhancing technology, featured in the world's first LED-backlit LCD televisions.
2004: Network Walkman line didn't support MP3
Until late 2004, Sony's Network Walkman line of digital portable music players did not support the MP3 standard natively.
2005: Sony's Market Share of Digital Camera Market Fell
By 2005, Sony's market share of the digital camera market fell from a high of 20% to 9%.
2005: Howard Stringer replaced Nobuyuki Idei as CEO
In 2005, Howard Stringer replaced Nobuyuki Idei as chief executive officer, marking the first time that a foreigner had run a major Japanese electronics firm.
2005: Copy Protection Scandal
In 2005, Sony BMG faced a copy protection scandal due to malware installed on music CDs, posing a security risk to customers.
2005: Sony Discontinued Trinitron Computer Monitors
In 2005, Sony discontinued its series of Trinitron computer monitors.
2005: Most profitable business unit
In FY 2005, Sony Financial Group proved to be the most profitable of Sony's businesses, earning $1.7 billion in profit.
2005: Sony Introduced BRAVIA Name
In the summer of 2005, Sony introduced the BRAVIA name for its LCD TVs, replacing the LCD WEGA name.
2006: Sony Entered Digital Single-Lens Reflex Camera Market
In 2006, Sony entered the market for digital single-lens reflex cameras after acquiring the camera business of Konica Minolta. Sony rebranded the company's line of cameras as its Alpha line.
2006: Sony Lost Market Share in Global Television Market
In 2006, Sony lost its decades-long No.1 market share in the global television market.
2006: First Blu-ray Players Commercially Available
In 2006, the first Blu-ray players became commercially available. Sony was one of the leading developers of the Blu-ray optical disc format.
June 2007: Greenpeace ranking
In June 2007, Sony ranked 14th on the Greenpeace guide.
November 2007: Sony XEL-1, the First OLED Television, Was Released
In November 2007, Sony released the Sony XEL-1, the first OLED television.
2007: Acquisition of Famous Music
In 2007, Sony acquired Famous Music for US$370 million, gaining the rights to the catalogues of Eminem and Akon, among others.
2007: Fine for fixing professional videotape prices
In 2007, an investigation launched in 2002 by the European Commission culminated in Sony, Fuji and Maxell receiving a total of 110 million US dollar fine for fixing professional videotape prices between 1999 and 2002 through regular meetings and other illegal contracts.
2007: Sony Discontinued Last Trinitron-Based Television Set in the U.S.
In early 2007, Sony discontinued the last Trinitron-based television set in the U.S., marking the end of Sony's analog television sets and monitors.
December 2008: Job cuts announcement
On 9 December 2008, Sony announced that it would be cutting 8,000 jobs, dropping 8,000 contractors and reducing its global manufacturing sites by 10% to save $1.1 billion per year.
2008: Formation of new Sony Music Entertainment
In 2008, Sony bought out Bertelsmann's share in Sony BMG and formed a new Sony Music Entertainment.
2008: Acquisition of Gracenote
In 2008, Sony purchased digital music recognition company Gracenote for US$260 million.
July 2009: Sony and Sharp Executed Joint Venture Agreement
In July 2009, Sony and Sharp executed a joint venture agreement for the establishment and operation of Sharp Display Products Corporation.
2009: Introduction of "make.believe" slogan
In 2009, Sony introduced a slogan known as "make.believe" in a bid to provide a unified brand for its global operations.
2009: Market bottom
In 2009, Sony traded in overpriced ranges, with the exception of the 2009 market bottom.
April 1, 2010: Patch released for PS3 removing OtherOS
On April 1, 2010, Sony released a patch for the PS3 that would remove OtherOS from being installed onto the system after hackers were looking for ways to exploit OtherOS in order to run homebrew software.
2010: Sony Pulled the Plug on 3.5" Floppy Disks
In 2010, Sony decided to discontinue the 3.5" floppy disk format, holding over 70 percent of the market share at the time.
January 12, 2011: Lawsuits filed against hackers
On January 12, 2011, Sony filed lawsuits against geohot and fail0verflow for their efforts on exploiting the PS3.
April 2011: Sony and Sharp Amended Joint Venture Agreement
In April 2011, Sony and Sharp announced that they have agreed to further amend the joint venture agreement originally executed in July 2009.
November 2011: Greenpeace ranking
In November 2011, Sony was ranked ninth (jointly with Panasonic) in Greenpeace's Guide to Greener Electronics, scoring 3.6/10. It incurred a penalty point for comments against energy efficiency standards in California and risks another for membership in trade associations opposing these standards.
December 2011: Market capitalization plunge to $18 billion
By December 2011, Sony's market capitalization had plunged to $18 billion.
December 2011: Sony Agreed to Sell Stake in LCD Joint Venture with Samsung Electronics
In December 2011, Sony agreed to sell all stake in an LCD joint venture with Samsung Electronics (S-LCD) for about $940 million.
2011: Financial difficulties
In 2011, Sony faced financial difficulty due to the Great Recession, increased competition for PlayStation, and the 2011 Tōhoku earthquake and tsunami. The company faced three consecutive years of losses leading up to 2011.
March 2012: Sony and Sharp Announced Amendment of Joint Venture Agreement
On March 28, 2012, Sony and Sharp announced that they have agreed to further amend the joint venture agreement originally executed in July 2009.
April 2012: Workforce reduction announcement
In April 2012, Sony announced it would reduce its workforce by 10,000 (6% of its employee base) as part of CEO Kaz Hirai's effort to get the company back into profitability, after a loss of 520 billion yen (roughly US$6.36 billion) for fiscal 2012.
May 2012: Market capitalization value
In May 2012, Sony's market capitalization was valued at about $15 billion.
2012: Sony Was the Third-Largest Maker of Televisions in the World
As of 2012, Sony was the third-largest maker of televisions in the world, and the business unit had been unprofitable for eight consecutive years.
2012: Kazuo Hirai promoted to president and CEO
In 2012, Kazuo Hirai was promoted to president and CEO, replacing Stringer.
2012: Acquisition of majority stake in EMI Music Publishing
In 2012, Sony/ATV acquired a majority stake in EMI Music Publishing, becoming the world's largest music publishing company.
2012: Revelation of Crystal LED Display prototype
In 2012, the company revealed a prototype of an ultrafine RGB LED display, which it calls the Crystal LED Display.
January 2013: Sale of US headquarters building
In January 2013, Sony announced it was selling its US headquarters building for $1.1 billion to a consortium led by The Chetrit Group.
2013: Job cut
700 jobs will be cut in the 2012–2013 fiscal year and the remaining 300 in the following fiscal year.
2013: Sony Demonstrated First 4K OLED Television
In 2013, Sony demonstrated the first 4K OLED television.
2013: Release of televisions with improved Triluminos technology
In 2013, Sony released a new line of televisions with an improved version of the Triluminos technology, which incorporated quantum dots in the backlight system. It was the first commercial use of quantum dots.
January 2014: Credit rating downgrade by Moody's
On 28 January 2014, Moody's Investors Services dropped Sony's credit rating to Ba1—"judged to have speculative elements and a significant credit risk"—saying that the company's "profitability is likely to remain weak and volatile."
February 2014: Sale of Vaio PC division and TV division spin-off announced
In February 2014, Sony announced the sale of its Vaio PC division to a new corporation owned by investment fund Japan Industrial Partners and the spinning off its TV division into its own corporation.
February 2014: Job cuts announcement focusing on mobile and tablets
On 6 February 2014, Sony announced it would trim as many as 5,000 jobs as it attempts to sell its PC business and focus on mobile and tablets.
May 2014: Formation of joint ventures with Shanghai Oriental Pearl Group
In May 2014, Sony announced it was forming two joint ventures with Shanghai Oriental Pearl Group to manufacture and market Sony's PlayStation game consoles and associated software in China.
2014: Closure of divisions in South Africa
In 2014, Sony South Africa closed its TV, Hi-Fi and camera divisions with the purpose of reconsidering its local distribution model.
2014: Participation in NRG Energy eVgo REV program
In 2014, Sony participated within NRG Energy eVgo Ready for Electric Vehicle (REV) program, for EV charging parking lots.
2014: Sale of Gracenote to Tribune Media Company
In 2014, Tribune Media Company acquired Gracenote from Sony for $170 million.
2015: Sony introduced LDAC
In 2015, Sony introduced LDAC, a proprietary audio coding technology for streaming high-resolution audio over Bluetooth at up to 990 kbit/s. This was then contributed as part of the Android Open Source Project starting from Android 8.0.
2015: Investment in ZMP INC.
In 2015, Sony invested $842,000 in ZMP INC., leading to speculation about developing self-driving cars.
2015: Sony purchased Toshiba's image sensor business
In 2015, Sony purchased Toshiba's image sensor business.
December 2016: Consideration of restructuring U.S. operations
In December 2016, it was reported that Sony was considering restructuring its U.S. operations by merging its TV & film business, Sony Pictures Entertainment, with its gaming business, Sony Interactive Entertainment.
2016: End of production for 1/2-inch video tape recorders and players
In 2016, Sony announced it was stopping production of all remaining 1/2-inch video tape recorders and players, including the Digital Betacam format.
2016: Sale of lithium-ion battery business
In 2016, Sony decided to sell its lithium-ion battery business to Murata Manufacturing.
2017: Deadline for restructuring U.S. operations decision
According to one report, Sony was set to make a final decision on the possibility of the merger of the TV, film, & gaming businesses by the end of its fiscal year in March of 2017.
2017: Acquisition of Funimation
In 2017, Aniplex and U.S.-headquartered Sony Pictures co-own U.S.-based anime distribution company Crunchyroll, which since 2022, has become the successor company to Funimation, which it acquired in 2017 and included subsidiaries such as Wakanim (absorbing into Crunchyroll itself) and Madman Anime (to be rebranded as Crunchyroll Pty. Ltd.)
2017: Sony Launched OLED Televisions Under BRAVIA Brand
In 2017, Sony launched OLED televisions under the BRAVIA brand.
2017: Return to South Africa
In 2017, Sony returned to South Africa, facilitated by Premium Brand Distributors (Pty) Ltd.
2017: Sale of lithium-ion battery business to Murata Manufacturing
In 2017, Sony sold its lithium-ion battery business to Murata Manufacturing.
May 2018: Greenpeace's 2017 Guide to Greener Electronics Rating
In May 2018, Greenpeace's 2017 Guide to Greener Electronics rated Sony approximately in the middle among electronics manufacturers with a grade of D+.
November 2018: Losses and downsizing in mobile phone division
In November 2018, Sony posted its earning report for the second quarter showing it has lost about US$480 million in the mobile phone division, prompting another round of downsizing in the unit, including the closure of a manufacturing plant and halving of its workforce.
2018: Full ownership of Sony/ATV
In 2018, Sony bought the remaining shares in Sony/ATV Music Publishing, making it a wholly owned subsidiary.
September 2019: LDAC Certified by Japan Audio Society
On September 17, 2019, the Japan Audio Society (JAS) certified Sony's LDAC with their Hi-Res Audio Wireless certification. At that time, LDAC and LHDC were the only codecs with the Hi-Res Audio Wireless certification.
2019: Sony Launched ELTRES
In 2019, Sony launched ELTRES, the company's proprietary low-power wide-area wireless communication (LPWAN) standard.
2019: Merger of mobile, TV, and camera businesses
In 2019, Sony merged its mobile, TV, and camera businesses.
2019: Sony Ranked 13th in Patent Applications
In 2019, Sony was ranked 13th in the world for the number of patent applications published under the PCT System, with 1,566 applications.
January 2020: Unveiling of Vision-S concept car
In January 2020, Sony unveiled a concept electric car at the Consumer Electronics Show, named Vision-S, designed in collaboration with Magna International. At the occasion, Sony also stated its goal of developing technology for the automotive sector.
April 2020: Establishment of Sony Electronics Corporation
On April 1, 2020, Sony Electronics Corporation was established as an intermediate holding company to own and oversee its electronics and IT solutions businesses.
May 2020: Name change announcement to Sony Group Corporation
On May 19, 2020, the company announced that it would change its name to Sony Group Corporation as of April 1, 2021.
December 2020: Funimation to buy Crunchyroll
In December 2020, Funimation announced it would buy AT&T's animation business Crunchyroll for $1.175 billion.
2020: Sony Organized Into Business Segments
As of 2020, Sony is organized into the following business segments: Game & Network Services (G&NS), Music, Pictures, Electronics Products & Solutions (EP&S), Imaging & Sensing Solutions (I&SS), Financial Services, and Others.
2020: Sony Published 1,793 Patent Applications
In 2020, Sony published 1,793 patent applications under the PCT System.
2020: EU energy policy
Together with Philips, Sony receives the highest score for energy policy advocacy after calling on the EU to adopt an unconditional 30% reduction target for greenhouse gas emissions by 2020.
April 2021: Name change to Sony Group Corporation
On 19 May 2020, the company announced that it would change its name to Sony Group Corporation as of 1 April 2021.
April 2021: Sony Electronics Corporation Name Change
On April 1, 2021, Sony Corporation changed the name of Sony Electronics Corporation to Sony Corporation.
April 2021: Rename to Sony Group Corporation and absorption of other entities
On April 1, 2021, Sony Corporation was renamed Sony Group Corporation. On the same day, Sony Mobile Communications Inc. absorbed Sony Electronics Corporation, Sony Imaging Products & Solutions Inc., and Sony Home Entertainment & Sound Products Inc. and changed its trade name to Sony Corporation.
August 2021: Acquisition of Crunchyroll completed
In August 2021, the acquisition of Crunchyroll by Funimation was completed.
2021: Ranked 88th on the Fortune Global 500
As of 2021, Sony ranked 88th on the Fortune Global 500 list.
2021: Sony Ranked Ninth in Patent Applications
In 2021, Sony's was ranked ninth in the world for the number of patent applications published under the PCT System.
2021: Renamed to Sony Group Corporation
In 2021, the company was renamed Sony Group Corporation as it transitioned into a holding company structure, with its electronics business continuing under the name Sony Corporation.
2022: Crunchyroll as the successor company to Funimation
In 2022, Crunchyroll has become the successor company to Funimation.
2022: Launch of Sony Honda Mobility joint venture
In 2022, Sony Group and Honda launched a joint venture for their electric vehicle partnership, Sony Honda Mobility (SHM).
March 2023: Largest shareholders of Sony
As of 31 March 2023, the largest shareholders of Sony are as follows:
December 2023: Removal of Discovery app from gaming consoles
In December 2023, Sony announced that it will remove the Discovery app and its content, even if previously paid for, from its gaming consoles.
2023: Ranked 57th on the Forbes Global 2000 list
In 2023, Sony ranked 57th on the Forbes Global 2000 list.
2023: Announcement of "Afeela" brand
In 2023, the Sony Honda Mobility (SHM) joint venture announced their new "Afeela" brand and its first prototype model at the CES 2023.
January 2024: Valuation of Sony
As of January 2024, Sony, one of the largest Japanese companies by market capitalization and operating profit, was valued at over $112 billion. It was also recognized as the most cash-rich Japanese company, with net cash reserves of ¥1.8 trillion.
February 2024: Licensing agreement with Disney
In February 2024, Sony Pictures Home Entertainment Corporation of Japan agreed with Disney to handle the release of Disney products on DVD and Blu-ray on a licensing model. Sony will market, sell, and distribute new Disney releases and catalog films on DVD, Blu-ray, and 4K Ultra DVD through Canadian and American retailers and distributors.
2026: Planned delivery of first electric vehicles
Sony Honda Mobility (SHM), the joint venture, would deliver its first electric vehicles by 2026 and sell them online, starting in the United States and Japan.
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