Kaz Hirai made $1.6 million last year - Report

Sony CEO compensation for year that saw first profit in five years revealed in government filing.


The Order: 1886

Sony CEO Kazuo Hirai made ¥153 million ($1.6 million) in annual compensation for the past financial year, a period that saw the PlayStation maker post its first profit in five years.

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That figure is up 74 percent from the ¥88 million ($900,000) he earned for the previous financial year, when he served as executive deputy president.

The figures were revealed in a company filing with Japan's Finance Ministry obtained by Bloomberg. The document also shows that former vice chairman Ryoji Chubachi received ¥194 million ($1.9 million) following his retirement last week.

By comparison, Activision Blizzard CEO Bobby Kotick made $8.33 million during the company's most recent financial year.

Hirai, a Sony veteran, was promoted to CEO last February. He joined Sony in 1984 as part of its music group. In 1995, he transferred to Sony Computer Entertainment America, where he was instrumental in launching both the PlayStation 2 and PlayStation 3, and he eventually became its president and CEO.

In a 2006 management shake-up, Hirai replaced Ken Kutaragi as president of Sony Computer Entertainment International, where he helped turn around the then-money-losing PlayStation business.

The PlayStation 4 launches this holiday for $399/€399/£349.

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