Kolkata Map Tourist Attractions on The new firm had no capital equipment and whatever tools its employees used were handmade. Fifty years later, in 1996, the shareholders' capital of the same company stood at 1,459,332,000, 000 yen, or about $15 billion, with a comparable figure representing the market value of its plants, capital equipment, and other capital assets. The company employed 151, 000 people and had 998 subsidiaries worldwide, including the United States. Long before that, in 1957 the company also officially changed its name to SONY.
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The biggest breakthrough in company's history came in the 1950s when it became the first Japanese firm to produce transistor radios. In order to do so, Sony had to purchase patent rights from Western Electric, but the transaction required approval from MITI. Sony's initial request for such an approval was flatly rejected on the grounds that other, much larger firms were unanimous in their opinion that there was not enough indigenous technology in Japan to produce its own transistors.
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