After splitting off its TV unit into a separate subsidiary last year, Sony is now chopping its business up even further.

The tech giant on Wednesday announced(Opens in a new window) plans to spin off its audio and video business unit into a separate wholly owned subsidiary. Sony is planning to start this stage of the reorganization process by Oct. 1.

Further, Sony said it “intends to move forward with preparations for splitting out other business units thereafter,” but did not elaborate. As part of the new growth plan, “Sony will also realign its management team in some areas, promoting individuals with wide-ranging experience as well as those capable of autonomous management,” the company said.

As The Wall Street Journal noted(Opens in a new window), the goal is to get the newly spun-off businesses more profit-focused while the larger parent company explores growth opportunities within its movie, music, video game, and image sensor businesses. The Japanese tech giant said it is aiming for an operating profit of more than 500 billion yen ($4.2 billion) in three years.

One thing Sony isn’t ruling out — selling off some of its less profitable units. Sony Chief Executive Kazuo Hirai said the company would consider dumping its TV and smartphone businesses, though nothing is currently in the works, according to the Journal.

The new strategy seems to contradict the dramatic “One Sony” reorganization plan Hirai laid out back in 2012, but the executive dismissed that idea. Hirai said the company isn’t getting rid of its One Sony approach, and that “there will be a good balance between centrifugal and centripetal forces” under the new structure.