Akio Morita

Sony Celebrates 50 Years On The New York Stock Exchange

Retrieved on: 
Wednesday, September 16, 2020

TOKYO and NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Sony Corporation (NYSE: SNE) (hereafter "Sony" or "the company") this week celebratesits 50th anniversary of becoming the first Japanese company to be listed on the New York Stock Exchange (hereafter "NYSE") on September 17th, 1970.

Key Points: 
  • TOKYO and NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Sony Corporation (NYSE: SNE) (hereafter "Sony" or "the company") this week celebratesits 50th anniversary of becoming the first Japanese company to be listed on the New York Stock Exchange (hereafter "NYSE") on September 17th, 1970.
  • The NYSE listing marked the beginning for Sony as a global company, and since then, the company has grown to become a "creative entertainment company with a solid foundation of technology."
  • The decision to list Sony on the NYSE came from Sony co-founder Akio Morita, who believed that selling Sony stock in the U.S. was an important way to diversify funding sources and raise awareness of the Sony name among large numbers of shareholders and consumers.
  • In 1971, the year after Sony was listed on the NYSE, Sony introduced an Outside Director to its Board of Directors, and has continued to evolve its corporate governance along with the growth of the company.