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Companies

Sony's market value stays discounted even as profits pick up

Investors balk at array of businesses with capitalization at half of peak

Some investors are pushing Sony to spin off its businesses while others are calling for acquisitions with the company's excess capital.   © Reuters

TOKYO -- Despite Sony continuing its turnaround in booking a record profit for a second straight year, its stock price has languished as investors undervalue the company's diverse range of businesses.

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