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Sony focuses on cash flow to fund image chips and games

Investors shrug at shift away from profit targets, seeking new growth strategy

Gaming is one of Sony's core businesses.(Photo by Kei Higuchi)

TOKYO -- Sony aims to bolster its cash generation in order to improve competitiveness in semiconductors and video games, but the company's stock price continues to tread water amid no clear signs of future growth.

The Japanese group targets at least 2.2 trillion yen ($19.9 billion) in operating cash flow, excluding the financial services segment, for the three-year period through March 2021 under an updated plan unveiled Tuesday. Sony raised its goal by 200 billion yen over an earlier version of the plan, and seeks a 50% increase in operating cash flow from the preceding three years.

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