From an electric rice cooker to a technology giant: Sony becomes the second largest company in Japan with a market capitalisation of $149 billion
Sony Group Corporation, known today as one of the largest companies in the world, has come a long way from a small company founded in 1946 under the name Tokyo Tsushin Kogyo to the second largest company in Japan by market capitalisation.
Here's What We Know
In the post-war period, the company began its development as part of a nationwide effort to rebuild Japan's economy. Since then, Sony has grown to become the country's second largest company by market capitalisation, largely due to the success of its PlayStation division, which is the company's most profitable.
With a market capitalisation of around $149.32 billion, Sony has become one of the three largest Japanese companies, overtaking automotive manufacturer Mitsubishi with a market capitalisation of $146.46 billion. However, Sony still lags far behind the country's largest company, Toyota, which has a market cap of $231.69 billion.
An interesting fact is that the first consumer product of Tokyo Tsushin Kogyo was an electric rice cooker released in the late 1940s. It was the beginning of a long journey for Sony to become one of the leaders in technology and entertainment today.
Sony was founded in 1946. This electric rice cooker was their first product.
byu/30s ininterestingasfuck
Source: Reddit
