Sony executives face weary shareholders at AGM


Shareholders in Sony will be looking for any glimmers of hope at the company's annual meeting on Wednesday.

The once-mighty electronic giant has been struggling in recent times, no more so than in its TV division, which has not turned a profit in eight years.

The firm, which invented the Walkman personal stereo back in the 1980s, lost $5.7bn (£3.6bn) dollars in the year to the end of March, nearly double what the losses were in the previous year.

An 11% dip in sales has prompted Sony to enter a partnership with its traditional rival Panasonic to manufacture panels for TVs and large-sized displays.

Gerhard Fasol, chief executive of Eurotechnology Japan, a technology consultancy firm told the BBC's Asia Business Report that the company needs a good, clear strategy.

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