Sony plan to close several factories, sell assets and cut 10,000 jobs.
Sony Corp. plans to sell off some of its properties in Shinagawa Ward, Tokyo, where the company was born, company officials said Friday.
"We have started looking at selling some properties in the area," Sony spokesman Atsuo Omagari said.
"There are about 12 buildings in the area but we haven't yet made any decision about which ones would be sold," he said.
The comments follow a report in the Nihon Keizai business daily that Sony was likely to sell the building where it started business as well as some of the surrounding land, located in Tokyo's Shinagawa ward.
The sale of the former headquarters building alone could fetch 30 billion yen ($262 million), the paper said.
Aiming to turn around its electronics division which has posted losses over the past three years, Sony is in its second year of a revival plan that sets out to close several factories, sell assets and cut 10,000 jobs.
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