SONY GROUP CORPORATION’s acquisition of full ownership of Sony Financial Holdings
First written in FY2020. 4 of 7 entries say "Reframed", first in FY2023. Latest entry: 2026-07-31.
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- 2026-07-31ReframedRevisions to earnings forecasts
「As we determined that we no longer had significant influence over SFGI, in the first quarter of fiscal 2026 we removed SFGI from the scope of the equity method and reclassified SFGI’s common shares (the “SFGI Shares”) from shares of an associate to equity instruments measured at fair value through other comprehensive income.」
Following the partial spin-off, SFGI was reclassified for accounting purposes from an equity-method affiliate to a financial instrument outside the scope of the equity method. - FY2026-H1ReframedAnnual report
「The Company executed a partial spin-off of the financial services business effective 1 October 2025. As a result, SFGI, formerly a wholly owned subsidiary of the Company, was deconsolidated and became an equity-method affiliate.」
Regarding the financial services business following the acquisition of full ownership of SFGI, a partial spin-off was executed, and the business changed from a consolidated subsidiary to an equity-method affiliate. - FY2025ReframedAnnual report
「Following execution of the partial spin-off of the financial services business, the Company’s ownership ratio in SFGI will be less than 20%. SFGI will therefore cease to be a consolidated subsidiary of the Company but is expected to become an equity-method affiliate.」
Following the acquisition of full ownership of SFH, the policy was revised to reorganize the financial services business from a consolidated subsidiary into an equity-method affiliate in which less than 20% would continue to be held. - FY2023ReframedAnnual report
「As the next step after making the financial services business a wholly owned subsidiary, consideration was begun of a partial spin-off on the premise of listing SFGI’s shares.」
As the next step after making the financial services business a wholly owned subsidiary, consideration was begun of a partial spin-off on the premise of listing SFGI’s shares. - FY2021-Q2AchievedAnnual report
「During the second quarter of fiscal 2020, the Company acquired all of the common shares and stock acquisition rights of its consolidated subsidiary Sony Financial Holdings Inc. (SFH), making SFH a wholly owned subsidiary of the Company.」
All common shares and stock acquisition rights of SFH were acquired, completing the process of making SFH a wholly owned subsidiary. The acquisition consideration was ¥396.698 billion. - FY2021-Q1AdvancedAnnual report
「Following the results of the tender offer, the Company has commenced procedures under Article 179 of the Companies Act to acquire all of SFH’s common shares and plans to make SFH a wholly owned subsidiary.」
A tender offer for SFH was conducted, and the ownership ratio of share certificates and other securities after the tender offer and related transactions was 93.46%. Procedures to acquire the remaining common shares were commenced, advancing the process toward making SFH a wholly owned subsidiary. - FY2020AdvancedAnnual report
「To achieve further growth in the financial services business and enhance governance, with the aim of increasing the value of the group as a whole, the Company decided to conduct a tender offer for the shares and other securities of SFH to make SFH, a financial services holding company in which the Company holds approximately 65% of the shares, a wholly owned subsidiary. The tender offer commenced on 20 May 2020.」
Regarding the acquisition of the remaining interest in SFH, the process advanced from announcing the policy of making SFH a wholly owned subsidiary to launching the tender offer. The purchase price assuming that all shareholders and holders of stock acquisition rights tendered was approximately ¥395.538 billion.