Sony Financial Group Inc.
TypeSubsidiary
IndustryFinancial services
Founded1 April 2004; 18 years ago (2004-04-01)[1]
HeadquartersŌtemachi, Chiyoda-ku, Tokyo, Japan[1]
Key people
Shigeru Ishii (President)[1]
ProductsFinancial products
Total assets¥ 14.5 trillion[2]
ParentSony Group Corporation
Websitewww.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

References

  1. ^ a b c d "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. ^ a b "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.