Sony to Split Out Digital Imaging Businesses Into Separate Subsidiary April 1

Sony will split out its digital imaging businesses into a separate subsidiary when the next fiscal year starts April 1, the company said in a Wednesday SEC filing. Sony Imaging Products & Solutions will handle the camera businesses for the consumer, broadcast and professional and medical markets and is expected to name Shigeki Ishizuka, the corporate executive officer currently in charge of those businesses, as president of the subsidiary, Sony said. The move is part of Sony’s long-term strategy to sequentially split out the business units within Sony to form new subsidiary companies to promote “clearly attributable accountability and responsibility” to shareholders and to speed “decision-making processes and reinforcement of business competitiveness,” Sony said.