{
  "docId": "019de06f-d4b7-72ab-9bef-74ff505356b5",
  "docSlug": "e6ccdccde9e4f314d35e33b1eb767bd3",
  "documentTitle": "Third Point Management | Activist Presentation Deck | 102 slides",
  "authorId": "third-point-management",
  "authorName": "Third Point",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 89,
  "pageCount": 102,
  "prevPage": 88,
  "nextPage": 90,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 36,
  "notes": "Uses peer data to argue for a strategic pivot in Sony's mobile business.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-d4b7-72ab-9bef-74ff505356b5/89",
  "deckHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5",
  "deckJsonHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5.json",
  "deckAnchorHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5#slide-89",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.48,
        "x": 0.04,
        "y": 0.0052
      },
      "kind": "chart",
      "text": "Smartphone unit market share: Sony becoming more Japan focused",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "970f72ec-ee8a-46d9-bbb5-d50d65dee4fc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.38,
        "x": 0.58,
        "y": 0.0052
      },
      "kind": "chart",
      "text": "Largest high-end Android player in Japan by Units",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0106e76-b529-4723-a9aa-0849a11f2fe3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.38,
        "x": 0.58,
        "y": 0.0021000000000000003
      },
      "kind": "list",
      "text": "Sony's Japanese peers show that, even if Sony were to remain in the mobile business, profitability is achievable. We look to Sharp, a peer with half the unit volume of Sony and a lower average selling price, generating >10% margins. The key difference is Sharp's singular focus on its domestic market, a trend already taking place in Sony's Mobile business. We suggest that Sony accelerate this transition to become more Japan focused",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "407922eb-8a53-4cb3-bb00-1bd53969e300",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.05,
        "x": 0.04,
        "y": 0.0079
      },
      "kind": "source-note",
      "text": "Source: IDC",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6fa77d9f-db28-4e28-894d-8f356bd35300",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.05,
        "x": 0.53,
        "y": 0.0086
      },
      "kind": "source-note",
      "text": "Source: IDC",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75668cb1-f50a-4270-b8f3-ca0d04c80ac1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.04,
        "y": 0.0046
      },
      "kind": "source-note",
      "text": "Source: Company reports, analyst estimates",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ab0f328-155e-4339-a5e7-c83be6591b2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.53,
        "x": 0.04,
        "y": 0.0016
      },
      "kind": "table",
      "text": "Benchmarking: more focused peers outperforming Sony",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02a54ba6-31ea-49eb-9ab0-4376718bdbf7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.48,
        "x": 0.03,
        "y": 0.09
      },
      "kind": "title",
      "text": "Greater focus will reduce Sony Mobile's losses",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e3944ef4-8173-42eb-a86f-0bd9c08a3b6f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "14273dec-3197-434a-ab53-3a4b40f61eab",
      "evidence": "Benchmarking Sony against Japanese peers to highlight strategic differences.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}