@patio11 Hey Patrick, Japan question: Anecdotally, it seems like most big Japanese brands are actually conglomerates with drastically diverse product lines. Does this check out?
For insurance specifically? Heavily regulated, Japan's a plenty attractive market, no reason to cause politically powerful interests overseas to react negatively against Sony in service of a tiny portion of their business interests.
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Ah! Why do you think Japan co's decide to build these types of side-business where in America, Coca-Cola, IBM, could but don't?
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A bit of empire building, a bit of corporate culture, a bit of structural issues internal to firms (insurance legendarily exists as a way for outgoing local management to monetize their social capital by selling insurance to their previous reports/offices), a bit regulatory, etc.
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Core line extensions are actively marketed/localized overseas. Sony Pictures runs X0% of box office returns in your country; Sony Music is one of largest labels in your country; etc.
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