Sony has a weak tie to the Sumitomo Mitsui Financial Group (SMFG) corporate group, the successor to the Mitsui keiretsu. It is the world's largest player in the premium TV market for a television of at least 55 inches (140 centimeters) with a price higher than $2,500 as well as second largest TV brand by market share and, as of 2020, the third largest television manufacturer in the world by annual sales figures. Sony, with its 55 percent market share in the image sensor market, is the largest manufacturer of image sensors, the second largest camera manufacturer, and is among the semiconductor sales leaders. In 2021, Sony transformed into a holding company, handing over the name Sony Corporation to its subsidiary electronics company. In Japan, Sony expanded into the financial sector. The company also introduced the home video game console PlayStation. In 1988, Sony acquired CBS Records, and in 1992, it acquired Columbia Pictures. ![]() This electronics company, known for creating products such as the transistor radio TR-55, the home video tape recorder CV-2000, the portable audio player Walkman, and the compact disc player CDP-101, embarked on diverse business ventures. Sony was established in 1946 as Tokyo Tsushin Kogyo by Masaru Ibuka and Akio Morita. The Sony Group comprises entities such as Sony Corporation, Sony Semiconductor Solutions, Sony Entertainment (including Sony Pictures and Sony Music Group), Sony Interactive Entertainment, Sony Financial Group, and others. ( 東京通信工業株式会社, Tokyo Telecommunications Engineering Corporation) and Sony Corporation ( ソニー株式会社), is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. Sony Group Corporation ( ソニーグループ株式会社, Sonī, / ˈ s oʊ n i/ SOH-nee), formerly known as Tokyo Tsushin Kogyo K.K. Financials as of fiscal year ended 31 March 2021.
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