Sony's Stocks Fly As Market Responds to New Corporate Hierarchy | Push Square
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.
As the Editor of Push Square, Sammy has over 15 years of experience analysing the world of PlayStation, from PS3 through PS5 and everything in between. He’s an expert on PS Studios and industry matters, as well as sports games and simulators. He also enjoys RPGs when he has the time to dedicate to them, and is a bit of a gacha whale.
Removed — inappropriate
Would have went higher if they fired Herman and got shu back in.
Finance guy is new CEO. It is as good signal for investor as it can be.
But it will be good for consumers? That's another question.
They need only to remove Hermen Hulst and they’ll have a winner chessboard.
Explain this to me in Fortnite terms.
Try that again, shall I?
Nobody in the online world or business world seems to think Hermen is competent, based on these results and the general discourse of his tenure.
He has much to do to rebuild his credibility.
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