Categories: Tech & Society

After NYC, Sony Now Sells Its Tokyo Office for $1.2 Billion

Sony has officially announced the sale of its Sony City Osaki office in Tokyo for 111.1 billion yen ($1.2 billion) as part of its ongoing restructuring. However, it will continue to remain there for the next five years.

The 25 storey building housing around 5,000 employees has been bought by the Nippon Building Fund and an undisclosed Japanese institutional investor.

“Sony is transforming its business portfolio and reorganizing its assets in an effort to strengthen its corporate structure. This sale was conducted as a part of this reorganization,” an announcement read.

Last month Sony sold-off its NYC office for $1.1 billion. Also, recently they have announced details about their latest Playstation 4 in a strange way without actually having a device on display.

Sony’s consolidate financial forecast for the ficasl year ending March 31, 2013, which was announced on February 7, 2013, and its consolidated financial results for the fiscal year ended March 31, 2012.

(Yen in billions)
Sales and operating revenue Operating income (loss) Income (loss) before income taxes Net income (loss) attributable to Sony Corporation’s stockholders
Consolidated financial forecast for the fiscal year ending March 31, 2013 6,600 130 150 20
Consolidated financial results for the fiscal year ended March 31, 2012 6,493.2 (67.3) (83.2) (456.7)

Well, whether 2013 will be the year for Sony is something we’ll have to wait and watch.

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

AI Launches: Fashion, EdTech, speech tech, monitors, fintech, data, trading, cloud, AI defense & model

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

10 hours ago

6 Automation tools every 2D animator should master in 2025

As the animation industry continues to evolve, automation is becoming a critical ally for 2D…

12 hours ago

Can you really find parking in 5 minutes? Tech promises a breakthrough in Delhi-NCR

If you’ve ever circled endlessly in Delhi-NCR’s crowded streets, searching for a parking spot while…

4 days ago

Decoding the future of advertising: How blockchain is solving ad fraud, privacy & engagement challenges

Advertising has never been about anything other than connection — brands connecting with people through…

4 days ago

AI goes global: Best universities abroad offering world-class Artificial Intelligence degrees

As we navigate a world with algorithms predicting consumer behaviour, robotic-assisted surgical procedures, and intelligence…

1 week ago

Ness Digital Engineering launches ATONIS: An AI-powered engineering workbench to accelerate product innovation

Bridging intelligence and engineering maturity for a digital-first world Today’s engineering teams face mounting pressure…

2 weeks ago