Sony Group is looking into a partial spinoff (retain just under 20%) and separate listing of its financial unit to invest more in gaming and electronics
. The announcement has caused Sony's shares to rise 6.4% in Tokyo.
- In 2001, Sony expanded into the banking industry, and Sony Financial, which runs Sony Bank as an online-only bank in Japan, was founded in 2004.
- Most of Sony's operating profit was formerly anticipated to come from the banking division, but recently attention has switched to Sony's entertainment industry.
- The hypothetical spinoff would align with Sony's strategic goal of maximizing the value of intellectual property in games, movies, and music.
- Due to difficulties in its critical business units, Sony is not considering spinning off its semiconductor sector but has provided a cautious earnings estimate for the current fiscal year.