Sale of Certain Building and Premises at Gotenyama Technology Center
July 26, 2014     Japanese 
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Sale of Certain Building and Premises at Gotenyama Technology Center - JCN Newswire
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Sale of Certain Building and Premises at Gotenyama Technology Center

Tokyo, Mar 28, 2014 - (JCN Newswire) - Sony Corporation ("Sony") today announced that it has agreed to sell Building 5 and premises (22-6, Higashigotanda 2 cho-me, Shinagawa-ku, Tokyo, Japan) at the Gotenyama Technology Center of Sony to Sumitomo Realty & Development Co., Ltd., a Japanese real estate company.

The agreed sale price is 7 billion yen and Sony aims to close this sale by the end of April 2014. Sony expects to realize a gain on the sale of approximately 5 billion yen, to be recorded as operating income, in the first quarter of the fiscal year ending March 31, 2015, when the sale closes. No impact is anticipated on Sony's forecast of the consolidated financial results for the fiscal year ending March 31, 2014 as a result of this sale.

About Sony

Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and online businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $72 billion for the fiscal year ended March 31, 2013. Sony Global Web Site: http://www.sony.net/.

Contact:

Sony Corporation
Corporate Communications
T: +81-3-6748-2200
E: sony.pressroom@sony.co.jp

 


Mar 28, 2014
Source: Sony

Sony (TSE: 6758) (FTSE: 6758q) (U.S: SNE)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Sales Results
View more news from these Sectors: Real Estate, Games & Entertainment, Consumer Electronics


 
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