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Evidence receipt / belief

Published · transcript-backed

Ben Gilbert: belief

7 Mar 2022 Acquired SONY

“I have a stat here. As it grew, I think in 2001, it was 5% of Sony's revenue. By 2014, its financial arm includes Sony Life, Sony Bank, a handful of other things, and a direct-to-consumer bank.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
7 Mar 2022
Publisher
Acquired
Episode
SONY

Transcript context

…They do. In Japan, it has become a pretty big life insurer. They eventually add the Philippines, Taiwan, and China, and it's active in all of those places today. It becomes a decent-sized business. In recent years, as other Sony businesses have stumbled, the life insurance business is contributing 50% plus of their operating cash flow. I have a stat here. As it grew, I think in 2001, it was 5% of Sony's revenue. By 2014, its financial arm includes Sony Life, Sony Bank, a handful of other things, and a direct-to-consumer bank. But I believe Life is the big business.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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