Coronavirus gives Sony's financial business new lease on life

Pandemic lowers acquisition costs and highlights benefit of being a conglomerate

MASAMICHI HOSHI, Nikkei deputy editor

TOKYO -- Sony's late co-founder Akio Morita was a visionary. Among his many visions, one that was very dear to him was creating a financial unit. He finally realized what he had once called his "30-year dream" when Sony set up a life insurance venture with a U.S. company in the late 1970s.

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