The Sony Group has announced plans to list its subsidiaries in October next year, aiming to grow their subsidiaries that conduct financial businesses such as banking and insurance.
In May of last year, the Sony Group announced its intention to separate Sony Financial Group, a subsidiary that conducts financial businesses such as banking and insurance, with the assumption that the company would be listed on the stock market.
Regarding this, the company announced on the 14th that it plans to partially spin off this financial subsidiary and list it in October next year.
The plan is to distribute more than 80% of the Sony Financial Group's shares held by the Sony Group to the company's shareholders, reducing the Sony Group's ownership ratio to less than 20% before listing the company.
While we aim to grow by allowing our financial subsidiaries to independently raise funds, we also aim to strengthen our mainstay entertainment and image sensor businesses.
Sony Group President Hiroki Totoki said at a press conference announcing financial results on the 14th, ``Finance businesses can raise risk money by themselves by going public.We aim to create win-win results for both parties.'' .