Sony has announced it is transforming its Electronics Products & Solutions (EP&S) segment into an intermediate holding company. Starting April 1, 2020, Sony’s Imaging Products & Solutions, Home Entertainment & Sound and Mobile Communications divisions, which made up its EP&S segment, will be known as Sony Electronics Corporation.
In a short statement on its public relations website, Sony Corporation says the creation of this new company ‘will not only accelerate the integrated operation of the EP&S businesses, but also aim to optimize its organizational structure, talent and business portfolio, while further enhancing competitiveness and creating new business.’
Sony has done multiple restructures in the past with little to no effect on consumers. It would appear that will be the case with this transition as well.