Sony stocks hit new record high in Japan following corporate restructuring announcement 

Sony Group has been rising on the Tokyo Stock Exchange for three consecutive days. On January 29, it began trading on a continuous upward trend, rising by 5% to 3,512 yen (+155 yen), updating its highest price since listing. 

GameBiz reports that buying was stimulated by investors’ high expectations for Sony’s new management structure. Earlier in the day, it was announced that President Hiroki Totoki will double as the company’s CEO starting from April 1. In addition, Sony Interactive Entertainment will appoint Hideaki Nishino as its President and sole CEO.  

According to the Nikkei Shimbun, another contributing factor to Sony’s rising stock price is that buyers consider Sony to be at lower risk of being affected by so-called Trump Tariffs. This is because the company largely does business in content-related fields, such as video games. 

While Sony has been hitting new records in smaller increments as of lately, back in December last year, the company finally outdid its share price from 25 years ago, when the PS2 launched in Japan.