By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sony Discussion - Sony sell Tokyo office building for 1.2 Billion dollars.

BeElite said:

Would they be selling if it was profitbale, not likely.

It was a cost, when times are good they could eat it.  When times are tough you get rid of whats draining you.

If they needed the liquidity urgently, of course they would!



Around the Network
happydolphin said:
Train wreck said:

http://www.businessweek.com/news/2012-01-12/tokyo-office-rent-falls-to-record-low-on-rising-vacancies.html

If sony's new building had a very high vacancy rate (which, in tokyo, is still near record highs), they are not getting money by renting out.  Combine that with rents reaching records lows, if seems to me that they are making the smart chocie.  *sigh* Its like people are not even thinking anymore.

It has nothing to do with not thinking, this is a conversation.

If you have info we don't have you share it and we process it, period.

Back to your point, I had no idea. But anyways, it doesn't fully answer my questions. They had people in that building so they didn't need to rent it out.

Your questions are not going to be answered because we do not know the makeup of the building and who were the tenants, so to go by Trucks answer is amateurish.  We still don't know what the vacancy rate of the building was and thats assuming if they had any other tenants besides themselves.  if the building was owned by Sony and housed by Sony only employees, what income could take make with no other tenants? Outside the future apperiation/depreciation of the building (which of course we do not know outside Trucks because he can see the future) there is too little information to make a grandiose condescending statement.



Train wreck said:

Your questions are not going to be answered because we do not know the makeup of the building and who were the tenants, so to go by Trucks answer is amateurish.  We still don't know what the vacancy rate of the building was and thats assuming if they had any other tenants besides themselves.  if the building was owned by Sony and housed by Sony only employees, what income could take make with no other tenants? Outside the future apperiation/depreciation of the building (which of course we do not know outside Trucks because he can see the future) there is too little information to make a grandiose condescending statement.

I'm not sure which statement was condescending (trucks'?), but it is safe to assume that Sony owned that building for internal use, and it was like that since 1968.

I'm not sure why anyone would assume the contrary.



happydolphin said:
Train wreck said:

Your questions are not going to be answered because we do not know the makeup of the building and who were the tenants, so to go by Trucks answer is amateurish.  We still don't know what the vacancy rate of the building was and thats assuming if they had any other tenants besides themselves.  if the building was owned by Sony and housed by Sony only employees, what income could take make with no other tenants? Outside the future apperiation/depreciation of the building (which of course we do not know outside Trucks because he can see the future) there is too little information to make a grandiose condescending statement.

I'm not sure which statement was condescending (trucks'?), but it is safe to assume that Sony owned that building for internal use, and it was like that since 1968.

I'm not sure why anyone would assume the contrary.

the building was built in 2011



Train wreck said:

the building was built in 2011

I misread the OP, okay you have a point.



Around the Network
drkohler said:
deskpro2k3 said:
Selling off assets they don't need is good in the long run. Anything they don't need just leeches money away that can be put to better use.

Surely Kaz have a plan to dominate the world.

This has nothing to do with "Selling off assets they don't need". Obviously those employees need some place to work. Here is the whole problem explained for those who don't get it. Sony, like many other japanese TV makers, has too many plants and overproduces TVs that are too expensive. They also have a building full of employees that are part of the TV selling business group. Now in America, the solution is always the same : Fire the employees and shut down the plants as needed, within 15 minute's notices. In Japan, it is completely impossible to fire people (technically you can, but you have to pay their salaries until retirement. This has lead to an institution called "window jobs"). Combine that with a foreigner as ceo (Stringer, whose underlings seem to have apparently worked against him as rumours are fircling around),  Sony has, in the past years, fired every person and plant they could _outside_ of Japan (the console group in my country is history in a few weeks from now, so this is still going on). At this point, Sony is pretty much stripped bare outside of Japan. Enter Kaz Hirai, the Uebermensch as some think here he is, and guess what - not even Kaz has any solutions to the fundamental problem. There is no Kaz Superplan. I'm with Kowenicki this time (rare occasion I should add), Hirai is just buying time for himself by selling the table silver, and hoping that the problem slowly goes away over the next years while burning through the money for the two buildings (5000 employees means about 150-250 employees less per year through retirement and other causes). In the end, I see for the first time a Japanese company gutting Japanese plants and firing Japanese employees wholesale, because Sony does not have enough table silver to hunger through the losses (mainly from the TV business).

Interesting stuff, Thanks.



Cub said:
drkohler said:
deskpro2k3 said:
Selling off assets they don't need is good in the long run. Anything they don't need just leeches money away that can be put to better use.

Surely Kaz have a plan to dominate the world.

This has nothing to do with "Selling off assets they don't need". Obviously those employees need some place to work. Here is the whole problem explained for those who don't get it. Sony, like many other japanese TV makers, has too many plants and overproduces TVs that are too expensive. They also have a building full of employees that are part of the TV selling business group. Now in America, the solution is always the same : Fire the employees and shut down the plants as needed, within 15 minute's notices. In Japan, it is completely impossible to fire people (technically you can, but you have to pay their salaries until retirement. This has lead to an institution called "window jobs"). Combine that with a foreigner as ceo (Stringer, whose underlings seem to have apparently worked against him as rumours are fircling around),  Sony has, in the past years, fired every person and plant they could _outside_ of Japan (the console group in my country is history in a few weeks from now, so this is still going on). At this point, Sony is pretty much stripped bare outside of Japan. Enter Kaz Hirai, the Uebermensch as some think here he is, and guess what - not even Kaz has any solutions to the fundamental problem. There is no Kaz Superplan. I'm with Kowenicki this time (rare occasion I should add), Hirai is just buying time for himself by selling the table silver, and hoping that the problem slowly goes away over the next years while burning through the money for the two buildings (5000 employees means about 150-250 employees less per year through retirement and other causes). In the end, I see for the first time a Japanese company gutting Japanese plants and firing Japanese employees wholesale, because Sony does not have enough table silver to hunger through the losses (mainly from the TV business).

Interesting stuff, Thanks.

Indeed. I think he explained very well the situation.



Proud to be the first cool Nintendo fan ever

Number ONE Zelda fan in the Universe

DKCTF didn't move consoles

Prediction: No Zelda HD for Wii U, quietly moved to the succesor

Predictions for Nintendo NX and Mobile


happydolphin said:
Train wreck said:

the building was built in 2011

I misread the OP, okay you have a point.

I dont think its an issue of points, its just that topics like this really have no place in a videogame forums because the only purpose they serve is to add ammo to the already silly console wars.  A bullet point that people can use for or against their system and does nothing to add any substance.  The same goes for stock prices and earnings reports (earnings reports do give valuable sales data but in terms of profits/losses, there are too many variables sometimes).



I never claimed to know the future. My point was that if Sony had been renting since their foundation, they wouldn't have buildings to sell today so owning buildings is definitely not a bad thing.



Signature goes here!

Train wreck said:

I dont think its an issue of points, its just that topics like this really have no place in a videogame forums because the only purpose they serve is to add ammo to the already silly console wars.  A bullet point that people can use for or against their system and does nothing to add any substance.  The same goes for stock prices and earnings reports (earnings reports do give valuable sales data but in terms of profits/losses, there are too many variables sometimes).

I really have little respect for that point of view, I'm really really sorry.

It's a sales forum to talk about the video game market. If people can't use a knife to cook and use them to kill people, that's their stupidity. It's not like we don't have mods either.