Who Optimizes SG&A Costs Better? Sony Group Corporation or STMicroelectronics N.V.

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of global electronics, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Sony Group Corporation and STMicroelectronics N.V. have been at the forefront of this challenge since 2014. Over the past decade, Sony's SG&A expenses have consistently dwarfed those of STMicroelectronics, averaging around 1.7 trillion yen annually, compared to STMicroelectronics' 1.1 billion euros. However, the trend reveals a fascinating insight: while Sony's expenses have fluctuated, STMicroelectronics has shown a steady increase, peaking at 1.65 billion euros in 2023. This suggests a strategic expansion or investment in operational capabilities. Meanwhile, Sony's expenses surged by 15% from 2022 to 2023, indicating potential growth initiatives. As we look to 2024, Sony's data remains elusive, leaving room for speculation on their next strategic move. This analysis underscores the importance of cost optimization in sustaining competitive advantage.