Sony adjusts stock option prices after financial services spin-off

Sony Group Corporation has adjusted the exercise prices of various series of stock acquisition rights following the partial spin-off of Sony Financial Group Inc., effective October 1, 2025. This adjustment, effective October 7, 2025, aligns with the terms and conditions of the stock acquisition rights, which mandate an exercise price modification upon such an event. For instance, the Thirty-First Series saw its exercise price adjusted from $2,755 per stock acquisition right ($5.51 per share) to $2,340 per stock acquisition right ($4.68 per share). Similarly, the Fiftieth Series was adjusted from $8,550 per stock acquisition right ($17.1 per share) to $8,135 per stock acquisition right ($16.27 per share).

The adjustments reflect the impact of the spin-off, which involved a wholly-owned subsidiary engaged in financial services. These changes are in accordance with the terms of the original stock option grants.

It is noted that prior to this, on October 1, 2024, exercise prices for stock acquisition rights issued on or before September 30, 2024, had been adjusted due to a stock split that became effective on the same date, based on a five-for-one share split ratio.