Sony Corp boss dismisses possibility of selling music division

RHIAN JONES

Sony Corp. chief executive Kazuo Hirai has said there are no plans to sell the company’s music division, after it posted an operating profit of 36.9bn Yen (£287m) for the year to end of March 2012.

The profit was made on sales of 442.8bn Yen (£3.49bn), and came despite a rocky time for parent Sony Corp, which posted a record annual net loss of 456.7 billion yen (£3.57bn).

Instead of divesting its movie, music and games units, the company is ...

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