Friday, April 20, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
2nd Generation AMD Ryzen Desktop Processors Arrive to Offer Great Value
Lenovo Unveils New moto g6 and moto e5 Smartphones
SpaceX Successfully Launches NASA's TESS Spacecraft
LG SmartThinQ Home Appliances Get Amazon Alexa Connectivity
Huawei Announces New Honor 10 Flagship Smartphone
Garmin Announces Connect IQ 3.0 with New apps from Trailforks, Yelp, iHeartRadio
Intel Open Sources the nGraph Compiler for Deep Learning Systems
Facebook Seeking to Hire Chip Designers
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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's DPT-CP1 Paper E Ink Tablet Coming Early June
Sony's Xperia XZ2 Premium Brings Ultra-high Sensitivity Dual Camera, 4K HDR Movie Recording and Display
New Sony a7 III 24MP Full Frame Mirrorless Camera Retails For Less Than $2,000
Sony's New Xperia XZ2 Supports 4K HDR Video Recording
Sony to Build Taxi-hailing System
New Sony Back-Illuminated CMOS Image Sensor Enables Global Shutter Function
Sony Announces Pricing for X900F and X850F Series 4K HDR Ultra HD TVs
Music and TV Sales Fuel Sony's Record Third Quarter Profit, Hirai to Step Down
Sony to Showcase New Creative and Technological Concepts at SXSW 2018
CES: Sony Presents New OLED TVs, Audio Products, Robot Car Image Sensors
Sony Unveils new Selfie Xperia XA2 and Xperia XA2 Ultra Smartphones
Sony Revives the AIBO Robot Dog

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .