Sony finalizes financial services spin-off, boosts share repurchase

Sony Group Corporation announced on September 3, 2025, its resolution to execute a partial spin-off of Sony Financial Group Inc. (SFGI) effective October 1, 2025. This involves distributing SFGI shares as dividends in kind to Sony shareholders as of September 30, 2025, at a ratio of one SFGI share per Sony common share. The estimated carrying amount of the dividend property is JPY 465,186,650,401. SFGI is expected to be listed on the TSE by September 29, 2025, becoming tradable before the October 1 distribution.

Following the spin-off, Sony anticipates holding slightly less than 20% of SFGI shares, making SFGI an affiliate accounted for by the equity method rather than a consolidated subsidiary.

Concurrently, Sony announced an update on its share repurchase program for August 2025. From August 1 to August 31, 2025, Sony repurchased 15,151,600 common shares for a total of JPY 60,906,111,707. This is part of a larger resolution approved on May 14, 2025, to repurchase up to 100 million shares for a maximum of JPY 250 bn by May 14, 2026. As of August 31, 2025, the cumulative repurchased shares totaled 45,562,200 for JPY 174,069,904,794.