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

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Kenichiro Yoshida: Thank you and first question is to be answered by Totoki and what I’m going to do as an CEO and there are so many things for me to do. Ultimately, I have to take a ultimate responsibility sub the Sony Group and CFO experience, how those experiences will sub positively to my jobs and CFO and depending on the companies, and probably the roles might be different, even though they may carry the same name. And CFO in the Sony Group has a wide range of roles and quite deeply involved in the strategies and the management, and that’s been true since Mr. Yoshida as CFO. And those experiences, should be quite positive, positively served to be the President, because we can have overall view and we can read our financial and we can take that, take leverage of those ideas through interaction with investors and analysts. Thank you.

Daisuke Ishii: Let’s move on to the next question. Anybody who are connected online, please press asterisk, followed by number one. If not, then once again, back to this room in the center, in the center, in the front line. from Nikkei ESG.

Unidentified Analyst: I have a question to Mr. Totoki, Mr. Yoshida, after he became President, Creativity, he has been saying that, that he has a purpose of fit abroad with emotion through the power of creativity and technology, and have been working upon this, Totoki, after you become President, what would be the priority areas that you would like to address?

Hiroki Totoki: Thank you for your question. I, myself, as Yoshida clearly defined the purpose and disseminated this purpose to the group. As I mentioned earlier, we have to make sure that the purpose takes root in the group, and we have to make some, the purpose into something concrete, purpose itself is the Kando value chain. So it is made into something concrete, Kando value chain. We create Kando and deliver Kando, and that’s where we are doing our business. So we have to make this even stronger and wider in the range as well.

Unidentified Analyst: That’s all. Thank you.

Daisuke Ishii: Now, we are running out of time, so, we would like to take one last question. So, from JP Morgan Securities, . Please ask your question.

Unidentified Analyst: Thank you very much. My name is — from JP Morgan. Now, I have one question. About this management change, Mr. Yoshida from, Mr. Totoki, each, about the Group Executive Officers, what did you tell them or what are you planning to tell them or and also to the employees, what are your messages from each person, I would like to hear? Thank you.

Hiroki Totoki: Thank you for your question. Well, already the message has been issued, and today, as I mentioned in my speech, there’s a change in the external environment, and also there are things that we need to tackle internally. I have already conveyed to our employees in the same manner I mentioned in the speech and also the purpose of the company. And also, we are going to get closer to people that will not change, and together we are going to attain further growth. And that was my message from myself too, basically I delivered the contents of my speech with a little more, meets to it, in a sense to our employees and also to the key team members individually. I had opportunities to speak to them one by one. And so I asked them for their corporation because I’ll be assuming this new position. And we received a lot of feedback through the email and the messengers. I would like to take my time to read through all the messages, I’m looking forward to doing so.

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