Sony Financial Holdings

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Sony Financial Group Inc.
Type Subsidiary
Industry Financial services
Founded1 April 2004;17 years ago (2004-04-01) [1]
Headquarters Ōtemachi, Chiyoda-ku, Tokyo, Japan [1]
Key people
Shigeru Ishii (President) [1]
ProductsFinancial products
Total assets ¥ 14.5 trillion [2]
Parent Sony Group Corporation
Website www.sonyfg.co.jp

Sony Financial Group Inc. (ソニーフィナンシャルグループ株式会社, Sonī Finansharu Gurūpu Kabushiki-gaisha), founded on 1 April 2004 as Sony Financial Holdings Inc., is a Japanese holding company for Sony's financial services business and headquartered in Tokyo, Japan. [1] It operates various businesses, including both life and non-life insurances, online banking, credit card settlement, nursing care, and venture capital. [3]

On May 19, 2020, Sony Corporation announced that it will turn Sony Financial Holdings, of which Sony already owns 65.06% of shares, to a wholly owned subsidiary through a tender offer. [4] Sony Financial Holdings has been delisted from the Tokyo Stock Exchange after the takeover process was finalized on July 14, 2020. [5] On October 1, 2021, the company renamed from Sony Financial Holdings to Sony Financial Group.

Subsidiaries

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References

  1. 1 2 3 4 "About Sony Financial Holdings Inc". www.SonyFH.co.jp. Sony Financial Holdings Inc. 21 June 2017. Archived from the original on 22 November 2017. Retrieved 24 October 2017.
  2. "Sony to take full control of listed financial arm for $3.7 billion". Archived from the original on 4 June 2020. Retrieved 18 July 2020. Total assets stood at 14.5 trillion yen as of the end of last year.
  3. 1 2 "About Our Group | About Us | Sony Financial Holdings". www.sonyfh.co.jp. Retrieved 22 July 2020.
  4. "Announcement Regarding Commencement of Tender Offer for Shares Etc, of Sony Financial Holdings Inc. (Securities Code: 8729)" (PDF) (Press release). Sony Corporation. 19 May 2020. Retrieved 21 May 2020.
  5. "Sony completes $3.7bn takeover of financial unit". Nikkei Asian Review. Archived from the original on 17 July 2020. Retrieved 17 July 2020.