Sony Financial Group listing approved by Tokyo Stock Exchange

Sony Group Corporation announced that the Tokyo Stock Exchange (TSE) has approved the listing of common stock for Sony Financial Group Inc. (SFGI) on the TSE Prime Market. This approval is a key condition for the partial spin-off of SFGI, scheduled to be effective October 1, 2025. SFGI shares are expected to begin trading on the TSE on September 29, 2025, which is also the ex-dividend date for Sony shares. The listing will precede the distribution of SFGI shares on October 1, 2025.

JPMorgan Chase Bank, N.A., the depositary for Sony ADRs, will distribute SFGI shares in the form of unsponsored SFGI ADRs to Sony ADR holders as of September 29, 2025 (Eastern Time). These SFGI ADRs will trade on the over-the-counter market in the U.S. and will not be listed on the New York Stock Exchange. SFGI also plans a share repurchase program of ¥100 bn, running from September 29, 2025, to August 8, 2026.

Following the spin-off, Sony Group Corporation's ownership in SFGI is expected to be less than 20%, reclassifying SFGI from a consolidated subsidiary to an affiliate accounted for using the equity method. The initial price of SFGI shares on the listing date will be determined by market supply and demand, with the TSE establishing the first center price based on a reference price from Nomura Securities Co., Ltd.