TOKYO and NEW YORK, Sept. 16,
2020 /PRNewswire/ -- Sony Corporation (NYSE: SNE) (hereafter
"Sony" or "the company") this week celebrates its
50th anniversary of becoming the first Japanese company
to be listed on the New York Stock Exchange (hereafter "NYSE") on
September 17th, 1970. The
NYSE listing marked the beginning for Sony as a global company, and
since then, the company has grown to become a "creative
entertainment company with a solid foundation of
technology."
The decision to list Sony on the NYSE came from Sony co-founder
Akio Morita, who believed that
selling Sony stock in the U.S. was an important way to diversify
funding sources and raise awareness of the Sony name among large
numbers of shareholders and consumers. Since then, the company has
learned a great deal from interacting with investors from around
the world through the U.S. capital markets. By strengthening its
involvement in the capital markets of the U.S., which is the global
leader in the entertainment industry, Sony was able to acquire
Music and Pictures, and develop those segments along with Games as
core businesses in addition to its original electronics business.
In 1971, the year after Sony was listed on the NYSE, Sony
introduced an Outside Director to its Board of Directors, and has
continued to evolve its corporate governance along with the growth
of the company.
To commemorate the 50th anniversary of Sony's listing on the
NYSE, the company is launching a new campaign website that
highlights the company's history and its latest efforts to combine
its diverse businesses with cutting-edge technology.
www.sony.com/50YearsNYSE
View original content to download
multimedia:http://www.prnewswire.com/news-releases/sony-celebrates-50-years-on-the-new-york-stock-exchange-301132319.html
SOURCE Sony