Tech giant Sony Corp. is planning to sell some of its properties as part of its restructuring efforts. Among those the company is planning to sell are the Tokyo properties in the Gotenyama area in Shinigawa Ward, which includes the NS Building. Sony is expecting revenue of around 15 billion yen, or around US$147 million, from the sale.
Founded in 1946, Sony was previously called Tokyo Tsushin Kogyo and was established in the Nihonbashi district of Tokyo. It relocated to Gotenyama the year after, which became the birthplace of Sony and had around 7,000 employees by the first half of the 2000s. The company sold most of the buildings in the northern part of the site when revenue was hit with emerging competitors such as Samsung in 2007. Carburetor and other fuel-related equipment makers Sony and Nikki finished the NS building by 1990. It became the firm’s headquarters before it moved to the current location in 2007. The NS Building became dully under Sony’s ownership last year when the company acquired Nikki’s interest in the property in exchange for a stake in a separate building. Once the NS Building is sold, Sony Archives will be one of the few remaining properties of the company in the area.
The 1,000 employees who are currently housed at the NS Building will be relocated to the current headquarters. Sony’s earnings have been hit hard by South Korean and Chinese competitors since the 2011 fiscal year. The company has already announced its plan to sell the Vaio personal computer line of business and would now focus on smartphones, game consoles, and image sensors.
[via Nikkei Asian Review]
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