Sony to Sell Old Tokyo Headquarters

Sony logo

Tokyo: As part of its restructuring drive, Sony plans to sell its former HQ and surrounding buildings in Shinagawa, Tokyo according to local press reports. The sale is expected to raise $150 million.

Completed in 1990, the former HQ, called the NS Building, is part of what was once the “Sony Village” — a complex of Sony-owned buildings in the area. The nearly 1,000 employees working in the building in medical equipment and other businesses will be transferred to Sony’s current Shinagawa HQ by June.

The sale follows on Sony’s unloading of other assets, including its former US HQ building in Manhattan, is an effort to stem the tide of red ink.

The company announced in February that it projects a loss of $1.1 billion for the fiscal year ending March 31 of this year.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Renso Matias says:

    Excelente inicio, para mostrar todas una variedad de noticias del arte en general a un público tan exigente como el latinoamericanos, felicidades.

More Film News from Variety

Loading