Sony Computer Entertainment's Japan and Asia divisions are as of today collectively Sony Computer Entertainment Japan Asia. The perhaps awkwardly named combination is being headed up by former SCE Japan chief Hiroshi Kawano, while former SCE Asia president Hiroyuki Oda becomes the unit's deputy president. The move sees a number of the two divisions' departments merge into one, with Sony looking to continue the cost-cutting initiatives it implemented across the last fiscal year.

A month ago, Sony sold its Tokyo-based Osaki building for around $1.2 billion, this after the sale of its US headquarters earlier this year for $1.1 billion. Sony says it expects to turn an operating profit for the fiscal year ending March 31.

This article was originally published on Joystiq.

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