Sony has sold “Sony City Osaki” building in Shinagawa to the Nippon Building Fund and other Japanese financial institutes, at 111.1 billion yen (US$1.23 B).
The company will post a 41 billion yen (US$455.5 M) operational profit in the Jan-March 2013 quarter. Sony will rent the building for the next five years and will relocate in the future. This is one of its restructuring measures for the business and to ensure an increase in cash flow.
