Sony to sell Tokyo building to fund its restructuring

[binary solo]

kowenicki said:

binary solo said:
Sony's an electronics company, not a property company. It shouldn't own any buildings unless they're factories making their products, even then leasing is the better way to go. Much better to cash up the assets and lease the number of floors they need back off the new owner. Leave building ownership to property companies. You don't expect property companies to get into the electronics game, so electronics companies shouldn't be in the property game.

Ever heard of a balance sheet?

Ever heard of putting your money into productive assets? Owning your office building is just one giant phallic symbol to wave around at the world. Fine and dandy when you're bullet proof but it's the first thing to sell off when the lean times hit. It makes as much financial sense as owning corporate jets.