Sony Announces Partial Spin-off of Financial Services Business

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2025.05.14 16:29
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Sony Group Corporation announced a partial spin-off of its Financial Services Business, Sony Financial Group Inc. (SFGI), effective October 1, 2025. The company will distribute over 80% of SFGI shares to shareholders as dividends in kind, with SFGI shares expected to be listed on the Tokyo Stock Exchange. Sony will retain less than 20% of SFGI shares, focusing on its entertainment and image sensor sectors. Analysts rate SONY stock as a Buy with a price target of $21.60, reflecting strong financial performance and growth potential.