Sony investors re-elect full board of directors following record year

After a record year of earnings, Sony investors want the company's board of directors to stay exactly the same.

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Shareholders recently voted to keep Sony's CEO, CFO and board of directors in power, with Sony Corp. CEO Kenichiro Yoshida receiving 9.8 million votes (98% of voting rights) in favor of him staying on to lead the company.

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The motivations are quite clear. Sony set a new high earnings watermark with FY2020's performance, which delivered over $11 billion profits on $84.82 billion revenues. PlayStation revenues hit the highest point in games industry history with $25 billion generated from hardware, software, and network sales. Shareholders also enjoyed a higher EPS of $8.96 per share as of FY20's end.

Sony has ambitions to continue this momentum across its PlayStation segment in FY21, and it expects the PlayStation 4 to make up 70% of all revenues during the year as the PS5 install base continues filling out.

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