Partial sale of shares held and valuation gain associated with Spotify’s listing
First written in FY2019-Q1. 3 of 22 entries say "Mitigated", first in FY2023. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Decrease in Spotify valuation gainAnnual report
「Net financial income (expense): income of ¥29.4 billion, a ¥3.5 billion decrease in income year on year (-) Decrease in valuation gains on shares of Spotify Technology S.A. and other securities」
Valuation gains on Spotify shares and other securities decreased from the same period of the previous year, resulting in financial income of ¥29.4 billion, down ¥3.5 billion year on year. - FY2025Annual update to the valuation gain on Spotify sharesAnnual report
「For the Spotify shares held by Sony, Sony recognized remeasurement gains of ¥64,764 million (US$440 million) in fiscal 2023 and ¥69,019 million (US$443 million) in fiscal 2024, reflecting changes in the share price, estimated distributions to artists and labels, and changes in the fair value of derivatives used to hedge the risk of changes in the market price of the shares.」
For the Spotify shares continuing to be held, Sony recognized a pretax remeasurement gain of ¥69.019 billion in fiscal 2024. - FY2025-H1Increase in valuation gains on Spotify shares and other securitiesAnnual report
「Net financial income (expense) increased by ¥15.4 billion year on year to income of ¥32.9 billion. This significant increase was mainly due to an increase in valuation gains on shares of Spotify Technology S.A. and other securities, despite a deterioration in foreign exchange gains and losses.」
Financial income reached ¥32.9 billion due to an increase in valuation gains on Spotify shares and other securities, despite a deterioration in foreign exchange gains and losses. - FY2024-Q2MitigatedAnnual report
「Net financial income (expense) was income of ¥17.6 billion, compared with an expense of ¥13.9 billion in the same period of the previous year. This significant improvement was mainly because valuation losses on shares of Spotify Technology S.A. and other securities were recognized in the same period of the previous year, whereas valuation gains on those shares and securities were recognized in the cumulative current quarter.」
Valuation of Spotify shares and other securities shifted from a loss in the same period of the previous year to a gain in the cumulative current quarter, improving net financial income (expense) from an expense of ¥13.9 billion to income of ¥17.6 billion. - FY2024-Q1MitigatedAnnual report
「Net financial income (expense) was income of ¥23.0 billion, compared with an expense of ¥15.6 billion in the same period of the previous year. This was mainly because valuation losses on shares of Spotify Technology S.A. and other securities were recognized in the same period of the previous year, whereas valuation gains on those shares and securities were recognized in the current quarter.」
Valuation of Spotify shares and other securities shifted from a loss in the same period of the previous year to a gain in the current quarter, resulting in financial income of ¥23.0 billion. - FY2023MitigatedAnnual report
「For the Spotify shares held by Sony, Sony recognized remeasurement losses of ¥45,017 million (US$395 million) in fiscal 2021 and ¥7,787 million (US$58 million) in fiscal 2022, reflecting share-price changes after adjusting for estimated distributions to artists and labels.」
The valuation loss on Spotify shares narrowed from ¥45.017 billion in fiscal 2021 to ¥7.787 billion in fiscal 2022. The valuation loss continued, but the amount of the loss decreased. - FY2023-Q2Continued recognition of valuation losses on Spotify shares and other securitiesAnnual report
「Net financial income (expense) was an expense of ¥32.2 billion, compared with income of ¥35.3 billion in the same period of the previous year. This was mainly because valuation gains on shares of Spotify Technology S.A. and other securities were recognized in the same period of the previous year, whereas valuation losses on those shares and securities were recognized in the cumulative current quarter.」
Valuation of equity securities including Spotify shares continued to shift from a gain in the same period of the previous year to a loss, resulting in financial expense of ¥32.2 billion. - FY2023-Q1Continued recognition of valuation losses on Spotify shares and other securitiesAnnual report
「Net financial income (expense) was an expense of ¥15.6 billion, compared with income of ¥3.1 billion in the same period of the previous year. This was mainly because valuation gains on shares of Spotify Technology S.A. and other securities were recognized in the same period of the previous year, whereas valuation losses on those shares and securities were recognized in the current quarter.」
Valuation of Spotify shares and other securities shifted from a gain in the same period of the previous year to a loss in the current quarter, resulting in financial expense of ¥15.6 billion. - FY2022-Q2Recognition of valuation losses on Spotify shares and other securitiesAnnual report
「Net financial income (expense) was an expense of ¥32.2 billion, compared with income of ¥35.3 billion in the same period of the previous year. This was mainly because valuation gains on shares of Spotify Technology S.A. and other securities were recognized in the same period of the previous year, whereas valuation losses on those shares and securities were recognized in the cumulative current quarter.」
Valuation of Spotify shares and other securities shifted from a gain in the same period of the previous year to a loss in the cumulative second quarter of fiscal 2021, resulting in a significant change in financial income and expense. - FY2022-Q1Decrease in the valuation gain on Spotify sharesAnnual report
「Net financial income (expense) decreased by ¥43.7 billion year on year to income of ¥3.1 billion. This was mainly due to a decrease in valuation gains on shares of Spotify Technology S.A. and other securities.」
Valuation gains on Spotify shares and other securities decreased year on year, resulting in a ¥43.7 billion year-on-year decrease in financial income. - FY2021Conversion to a valuation gain on Spotify shares continuing to be heldAnnual report
「As of 31 March 2021, for the Spotify shares held by Sony, the consolidated statements of income for fiscal 2020 included a pretax valuation gain on shares of ¥51,310 million (US$480 million), calculated based on changes in the share price after adjusting for estimated distributions to artists and labels, under gain on equity securities, net.」
The Spotify shares continuing to be held shifted from a valuation loss in the previous fiscal year to a pretax valuation gain of ¥51.310 billion in fiscal 2020. - FY2021-Q3Expansion of the valuation gain on Spotify shares continuing to be heldAnnual report
「For the Spotify shares held at the end of the third quarter of fiscal 2020, Sony recognized a pretax valuation gain on shares of ¥68,050 million (US$638 million), calculated based on changes in the share price during the cumulative third quarter of fiscal 2020 after adjusting for estimated distributions to artists and labels, under gain on equity securities, net in the consolidated statements of income.」
For the Spotify shares continuing to be held, Sony recognized a pretax valuation gain of ¥68.050 billion in the cumulative third quarter of fiscal 2020, up from ¥42.657 billion in the cumulative previous quarter. - FY2021-Q2Expansion of the valuation gain on Spotify shares continuing to be heldAnnual report
「For the Spotify shares held at the end of the second quarter of fiscal 2020, Sony recognized a pretax valuation gain on shares of ¥42,657 million (US$395 million), calculated based on changes in the share price during the cumulative second quarter of fiscal 2020 after adjusting for estimated distributions to artists and labels, under gain on equity securities, net in the consolidated statements of income.」
For the Spotify shares continuing to be held, Sony recognized a pretax valuation gain of ¥42.657 billion in the cumulative second quarter of fiscal 2020. - FY2021-Q1Expansion of the valuation gain on Spotify shares continuing to be heldAnnual report
「For the Spotify shares held at the end of the first quarter of fiscal 2020, Sony recognized a pretax valuation gain on shares of ¥49,022 million (US$456 million), calculated based on changes in the share price during the cumulative first quarter of fiscal 2020 after adjusting for estimated distributions to artists and labels, under gain on equity securities, net in the consolidated statements of income.」
For the Spotify shares continuing to be held, Sony recorded a pretax valuation gain of ¥49.022 billion in the first quarter of fiscal 2020, reversing the valuation loss in the previous fiscal year. - FY2020Recognition of a valuation loss on Spotify shares continuing to be heldAnnual report
「For the shares continuing to be held as of 31 March 2020, Sony recognized a pretax valuation loss on shares of ¥6,063 million, calculated based on changes in the share price after adjusting for estimated distributions to artists and labels, under loss on equity securities, net in the consolidated statements of income.」
The Spotify shares continuing to be held shifted from a valuation gain in the previous fiscal year to a pretax valuation loss of ¥6.063 billion in fiscal 2019. - FY2020-Q3Conversion to a valuation gain on shares continuing to be heldAnnual report
「For the shares continuing to be held as of 31 December 2019, Sony recognized a pretax valuation gain on shares of ¥3,998 million (US$36 million), calculated based on changes in the share price during the cumulative third quarter of fiscal 2019, after adjusting for estimated distributions to artists and labels, under gain on equity securities, net in the consolidated statements of income.」
For the Spotify shares continuing to be held, Sony recorded a pretax valuation gain of ¥3.998 billion in the cumulative third quarter of fiscal 2019, reversing the valuation loss in the previous quarter. - FY2020-Q2Recognition of a valuation loss on Spotify shares continuing to be heldAnnual report
「For the shares continuing to be held as of 30 September 2019, Sony recognized a pretax valuation loss on shares of ¥8,721 million (US$82 million), calculated based on changes in the share price during the cumulative second quarter of fiscal 2019, after adjusting for estimated distributions to artists and labels, under loss on equity securities, net in the consolidated statements of income.」
For the Spotify shares continuing to be held, Sony recognized a pretax valuation loss of ¥8.721 billion in the cumulative second quarter of fiscal 2019. The position shifted from a valuation gain in the same period of the previous year to a valuation loss. - FY2020-Q1Update to the valuation gain on Spotify shares continuing to be heldAnnual report
「For the shares continuing to be held as of 30 June 2019, Sony recognized a pretax valuation gain on shares of ¥2,752 million (US$25 million), calculated based on changes in the share price during the cumulative first quarter of fiscal 2019, after deducting estimated distributions to artists and labels, under gain on equity securities, net in the consolidated statements of income.」
For the Spotify shares continuing to be held, Sony recognized a pretax valuation gain of ¥2.752 billion, reflecting share-price changes through the end of June 2019. - FY2019Update to the valuation gain on shares continuing to be heldAnnual report
「For the shares continuing to be held as of 31 March 2019, Sony recognized a pretax valuation gain on shares of ¥47,543 million (US$449 million), calculated by deducting estimated distributions to artists and labels directly related to the sale and other costs from fair value of ¥78,947 million (US$711 million), under gain on equity securities, net in the consolidated statements of income.」
Updated the fair value and pretax valuation gain at the end of March 2019 for the Spotify shares continuing to be held. - FY2019-Q3Update to the valuation gain on shares continuing to be heldAnnual report
「For the shares continuing to be held as of 31 December 2018, Sony recognized a pretax valuation gain on shares of ¥38,363 million (US$365 million), calculated by deducting estimated distributions to artists and labels directly related to the sale and other costs from fair value of ¥64,558 million (US$582 million), under gain on equity securities, net in the consolidated statements of income.」
Updated the fair value and pretax valuation gain at the end of December 2018 for the Spotify shares continuing to be held. - FY2019-Q2AdvancedAnnual report
「During the cumulative second quarter of fiscal 2018, Sony sold part of its Spotify holdings for total cash consideration of ¥82,616 million (US$768 million). In the consolidated statements of income, Sony recognized a pretax gain on the sale of shares of ¥54,179 million (US$504 million), calculated by deducting estimated distributions to artists and labels directly related to the sale and other transaction costs from the sale proceeds, under gain on equity securities, net. For the shares continuing to be held as of 30 September 2018, Sony recognized a pretax valuation gain on shares of ¥63,596 million (US$589 million), calculated by deducting estimated distributions to artists and labels directly related to the sale and other costs from fair value of ¥105,242 million (US$927 million), under gain on equity securities, net in the consolidated statements of income.」
For the partial sale of Spotify shares, Sony recognized sale proceeds of ¥82.616 billion and a pretax gain on sale of ¥54.179 billion. It also recognized a pretax valuation gain of ¥63.596 billion on the shares it continued to hold. - FY2019-Q1First statedAnnual report
「On 3 April 2018, Spotify was listed on the New York Stock Exchange. At the time of the listing, Sony held 5.707% of Spotify's total shares outstanding. During the cumulative first quarter of fiscal 2018, Sony sold part of its Spotify holdings for total cash consideration of ¥82,616 million (US$768 million).」
Sony disclosed independently for the first time that it held 5.707% of Spotify's shares outstanding at the time of the listing and sold part of its holdings during the first quarter. The gain on equity securities in connection with the listing was ¥112.8 billion.