Sony Group Corporation (NYSE:SONY) Q3 2022 Earnings Call Transcript

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So as Yoshida said, the strengthening the management structure is quite plausible for us to carry on, and we have to raise the management capabilities, and I have to play my role to do that. Thank you.

Daisuke Ishii: Next question. Those of you online, if you have any question, please press one, followed asterisk followed by one. Now the person, third line, third row from the front .

Unidentified Analyst: I have two questions to Totoki, Sony Group, what kind of company would you like to steer the company into your vision? And I think this is a message for the employees as well, what is your vision for the company and Mr. Totoki, personally you are something believe that you are, you think is important. Thank you very much for your question. What kind of company I would like to make Sony into?

Hiroki Totoki: Yoshida and we defined purpose and expand the kind of value chain. And we have been sending that message internally and externally. We have to make this more concrete, ideal way would be without be having to explain, everybody can have an image as to what we have to do. That is the ideal situation. So we are going to bring this into reality. As for my belief, it’s not something that big, but from before, the key of management is the courage and patience. I like this saying, many people are saying this, you’ll, as one is engaged in management of company, identifying risks and make judgment, and you have to have the courage to make decisions. Also, at times, you may be faced with headwinds and also contradictions, but you have to persevere and should have patience. And I feel the need of patience. I am telling myself the importance of this always.

Unidentified Analyst: Thank you.

Daisuke Ishii: Let’s move on to the next question. So the person in the middle row on the far right, please, on the front row.

Unidentified Analyst: Thank you very much for this opportunity. and under the new management structure, going to be the CFO and Totoki, I believe you have exerted your position as a CFO as well. What are the other concrete actions, and were there any other choices or options?

Kenichiro Yoshida: Well, so this change to Sony Group’s management structure. First we had a discussion with the nominating committee in July last year. And at that time, and of course there were lot of discussions, but I then talked about Mr. Totoki’s strengths. And biggest strength, I think is the strong willingness for growth. And I think it is a very important key attributes that is required of the management of the company and the company growth. I think it’s important for it to result in the growth of the employees as well. So that’s my view, and I strongly stress that Mr. Totoki is suitable as a new leader of Sony Group. And that’s what I’ve been repeating to the nominating committee as well as in the board meetings as well at several occasions. Let’s go to the next question.

Daisuke Ishii: And on this role, with white shirt.

Unidentified Analyst: My name is Business. I have two questions, and you have the experience of CFO, what’s your positive effect on your future jobs and how you can take the privilege of your experience as CFO and as CEO, Mr. Yoshida, what you are going to do as an CEO?

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