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History of SONY
On the 7th of May in 1946, after the end of World War II, Masaru Ibuka started a radio repair shop in a bomb-damaged Shirokiya department store building in the Nihonbashi district of Tokyo.
The next year, he was joined by his colleague, Akio Morita, and they founded a company called Tokyo Tsushin Kogyo, which translates into Tokyo Telecommunications Engineering Corporation.
In the post war Japanese economy Ibuka and Morita began making their living by repairing radios and manufacturing a small amount of voltmeters.
However they had plans for the future to develop new electronics...........
The Next Step
The first innovative electronic device that Ibuka and Morita invented was an automatic rice cooker, though its success was limited it was the beginning of their innovative work.
SONY
Masaru Ibuka and Akio Morita were referred to as global thinkers, as they recognized the need for a global brand that stretched across language and cultural barriers to allow them to expand their business into the US and later Europe.
Therefore the name SONY was conceived.
However the name Tokyo Tsushin Kogyo (TTK) was already in use by another company so the need for a name change was in order.
The name SONY derives from the Latin sonus meaning sound and the English word sonny-boy a term used by the Americans in the 1950's to describe a bright youngster.
SONY
Although the name of the company was not officially changed to SONY corporation until 1958 the first Sony branded product was the TR-55 transistor radio which went on sale in 1955. It was estimated that only 5,000 to 10,000 units were produced.
This was later followed by SONY's world first profitable Transistor radio.
Sony’s UK history began in 1968 when Sony United Kingdom was founded in London. Six years later Sony became the first major Japanese company to open a factory in the UK.
Today there are two factories, both in Wales, at Bridgend and Pencoed, which between them manufacture broadcast cameras, television sets and components for the UK and export to other countries around the world
Finance
When Masaru Ibuka first started the company had $530 in capital and a total of eight employees before he was joined by his partner Akio Morita.
A share in SONY costs ¥1689
Now it has over 146,300 employees and has a revenue of around $72.349 billion
Which is around £10.65 in GBP
Sony keeps a record of its revenue aging back all the way to 1960 including its profit and loss.