Sony’s stocks soared to a record breaking ¥3,527 (~$22) today in the aftermath of its corporate reshuffle announcement. Hideaki Nishino takes sole control Earlier, the Japanese manufacturer confirmed that celebrated executive Hiroki Totoki will take over as the organisation’s CEO from 1st April.
Having already steered PlayStation to significant profits, the market expects similar results across Sony as a whole. As part of the changes, the company also confirmed that Hideaki Nishino will be elevated as PlayStation’s sole CEO, while Hermen Hulst will remain on hand to lead the firm’s first-party studios.
Sony’s stock has been steadily increasing for a while now, but strong performances from its various subsidiaries has made the market bullish.
Some have even suggested that a contributing factor to its recent rise could be attributed to the firm’s relatively tariff resistant nature, due to its focus on content, like games, movies, and music.
All in all, it’s a pretty good time for Sony on the corporate side, and a dramatic change from the PS3 era, when it was in something of a company-wide rut.