Sony turning to property for growth

Tokyo

SONY Corp is turning to real estate for growth after the success of its financial unit, which had the biggest profit among the company's businesses last fiscal year.

Sony has tied up with Yahoo Japan Corp to introduce a website by the end of the year that will match property buyers and sellers, said Kazuo Nishiyama, president and chief executive officer of Sony Real Estate Corp. The unit, which was set up in 2014 and operates businesses including property management and renovation and consulting services, targets a public listing in two to three years, he said.