Overview

• Shares opened at ¥205 versus a ¥150 reference, touched ¥210, and later closed at ¥173.8 on the Tokyo Stock Exchange's Prime Market.
• The listing proceeded as a direct listing, described as Japan's first partial spin-off using a 2023 tax change and the first direct listing in more than two decades.
• Sony distributed the unit to existing shareholders via dividends in kind on a one-for-one basis, creating a separately traded company.
• Sony Group's ownership is set to fall below 20 percent following the listing as the parent concentrates on entertainment and image-sensor businesses.
• Sony Financial announced a share repurchase of up to ¥100 billion, and early trading saw periods without matched trades due to heavy buy orders.