Monday, September 15, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic Showcases Optimized Workflow at IBC 2014
DVB Demonstrates New Platforms To Deliver UHD and HD Services
JPMorgan Servers Hacked in June
G-Technology RReleases New External Hard Drives New 64TB G-SPEED Studio XL
Apple Enjoys Huge Demand For New iPhone 6 Plus
Ultra High Definition Logo Launched
Sony Unveils New PXW-FS7 Compact 4K XDCAM Camera, PXW-X200 XDCAM Camcorder And Professional Memory Cards
Sharp Pushes Back Production Of Energy-efficient MEMS-IGZO Displays
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Sony To...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 28, 2013
Sony To Sell Tokyo Office Building for $1.2 Billion


Sony has sold its 'Sony City Osaki 'office building and premises to Nippon Building Fund Inc. and a Japanese institutional investor for 111 billion yen ($1.2 billion).

Sony placed the office building and premises in a trust and then sold the trust beneficiary rights. Sony and other Sony Group businesses will remain in the building for a period of five years after the sale under a lease agreement entered into separately.

Nippon Building Fund will take took a 60 percent stake in the property, while another investor will hold a 40 percent interest in the property.

After deducting expenses related to transaction costs, Sony received net cash proceeds today of 110 billion yen. As a result of the sale, Sony expects to realize a gain on the sale of approximately 41 billion yen, to be recorded as operating income, in the fourth quarter of the fiscal year ending March 31, 2013.

As Sony stated on February 7, 2013 in the announcement of its forecast for consolidated financial results for the fiscal year ending March 31, 2013, Sony has identified certain assets for possible sale as part of an initiative to transform its business portfolio and reorganize its assets. This sale was conducted as a part of that initiative. While this sale was aniticipated and the potential gain on the sale was taken into account at the time of the forecast, Sony is currently reevaluating the aggregate impact of this sale and other factors on the forecast.

Last month Sony agreed to sell its U.S. headquarters building in New York City for $1.1 billion.


Previous
Next
Server Market Rebounds in Fourth Quarter        All News        Cyber Attack Targets Nato, Government Websites
ASUS Introduces Open Cloud Strategy at MWC     General Computing News      Cyber Attack Targets Nato, Government Websites

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Smart EyeGlass Prototype Appears At IFA
New Sony Camera Shoots In The Dark
Sony Unveils New Xperia Z3, Z3 Compact And More at IFA
Sony PSN Back Online
Sony Offers New Smart Tennis Sensor
Sony Debuts Ultra-Compact a5100 Interchangeable Lens Camera
Sony, Huawei, Microsoft To Announce New Smartphones at 2014 IFA
Sony And Best Buy To Jointly Boost 4K Content
Sony Bravia S90 TV With Curved Screen Coming In Europe
Sony Releases The AS20 Action Cam, New Cyber-shots
Sony Reports First Quarter Profit
Sony Settles 2011 PSN Hacking Case

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .