Sony has been granted an extension to the deadline for submitting its third quarter results, which the company said was necessary following a serious disruption of its network systems, caused by a cyber-attack against Sony Pictures Entertainment in November.
The company said it will still hold briefing sessions for the media and analysts on 4th February, which will cover its electronics business but the performance of its Sony Pictures Entertainment segment will be reported in March.
Earlier this month Sony was reported to be considering a restructuring of its business which could see the loss-making smartphone and TV businesses being sold off (Sony Mulling Sale of Loss-Making Businesses). According to a Reuters report, CEO Kazuo Hirai and his senior management are preparing a new business revival plan and sources close to Sony say that the management recognises that “no business is forever”. Last year the company sold off its Vaio PC business and spun off its TV operations as Sony forecast a net loss for its current fiscal year of ¥230 billion (1.9 billion).
