The financial company offers various services through its units
"We are going to need an unprecedented amount of investment for medium- and long-term growth", Totoki said at the press conference.
Sony, which has transformed itself from an electronics company to a group with diverse operations, earns more than half of its operating profit from gaming, music, movies and other entertainment businesses.
Entertainment is one of the fastest-growing sectors, with companies such as
Sony's chip business, which has a large market share in image sensor components used in smartphone cameras, is also becoming increasingly important as demand booms for chips to be used in high-performance phones and the automotive sector.
"Many of the rivals we are competing with are extremely large global companies," Totoki said. "As we grow bigger, we have to raise the level of our investment accordingly," he said, adding mergers and acquisitions are an option for further growth.
==Kyodo
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