Sony Group plans to list financial subsidiary in October next year. 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.
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.'' The plan is to distribute more than 80% of the Sony Financial group's shares to the company's shareholders.