Due to losses in consecutive years, Sony is considering selling its Sony City OSaki office building in Tokyo, which is expected to sell for between US $1.1-1.5 billion. Sony hopes to enhance its financial ability through the gains from these sales. Sony's approach is somewhat similar to that of Nokia before it. After selling the office building, Sony will continue to rent it.
Sony City Osaki, a 25 storey office building located in the most important office building area in Tokyo, was completed in 2011 and covers an area of 124000 square meters. At present, more than 5000 employees work here.
In addition to selling the office building in Tokyo, Sony also sold its chemical business and withdrew from its LCD joint venture with Sharp. Previously, there was news that Sony also planned to sell its headquarters in the United States.