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Innovation is key to restoring Sony's shine

The electronics maker's books are in order, but the president says it is only halfway home

TOKYO Though Sony is on a firmer financial footing these days, its comeback will not be complete without innovation and popular new products, President Kazuo Hirai told The Nikkei on May 24, describing these as imperative for the Japanese electronics maker.

Hirai expressed confidence in Sony's ability to boost its operating profit to 500 billion yen ($4.46 billion) this fiscal year for the first time in two decades, citing five years of structural reform.

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