Apparently shareholder meetings in Japan are far more exciting than I ever could of fathomed. In like something out of Survivor (or my favorite: The Bachelor), Sony CEO and president Kazuo Hirai and other head executives careers were put to the vote by investors at a shareholders meeting on Thursday.
Luckily, after an address from Hirai that would of spiked viewers ratings, if this was a wonderfully tacky T.V show, Hirai and the executives got to keep their positions.
“The best way to build our future is for Sony to remain Sony, and realize our motto to become a company that inspires and fulfills your curiosity” Hirai said during the meeting. He continued that the “the money-losing structure” of Sony would be resolved this fiscal year.
Sony ended its fiscal year with a whopping net loss of $1.26 billion. With the launch of the new flagship console, the PlayStation 4, we saw the company’s sales and operating revenue increased by 14.3 percent. Sony’s game sector also recorded an operating loss, hitting $78 million this fiscal year, which was partially accredited to costs associated with the PlayStation 4’s launch.