Sony has unveiled a new three-year plan designed to drive growth and return to profitability. Sony, which expects to book a net loss for the year ending March 31, has set a target for return on equity of more than 10% and operating profit of more than 500 billion yen, or $4.2 billion, within three years. The company said it’s positioning devices, game and network services, pictures and music as segments that will drive profit growth during that time frame. Sony said it will limit investment in its TV and mobile communications units, both of which it says are experiencing intense cost competition. Sony also plans to spin off its video-and-sound business into a separate company by October.
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