Overview

• Sony Financial Group began trading on the Tokyo Stock Exchange Prime Market on September 29 via a partial spin-off that did not issue new shares.
• Existing Sony Group shareholders received most of the new listing’s equity while Sony Group keeps under a 20% stake to maintain a limited capital link.
• The first trade printed at ¥205, exceeding the reference price by ¥55, after an on-floor ceremony led by CEO Toshihide Endo.
• Sony Group separated the unit to concentrate management resources on entertainment and semiconductor businesses.
• Management says the listing enables faster decision-making and plans to leverage Sony’s technology and R&D to develop new financial services.