Sony Financial Group

Sony Financial Group Inc.[nb 1], formerly known as Sony Financial Holdings Inc.[nb 2], 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]

Sony Financial Group Inc.
Native name
ソニーフィナンシャルグループ株式会社
Sonī Finansharu Gurūpu Kabushiki-gaisha
FormerlySony Financial Holdings
(2004–2021)
TypeSubsidiary
IndustryFinancial services
Founded1 April 2004 (2004-04-01)[1]
HeadquartersŌtemachi, Chiyoda-ku, Tokyo, Japan[1]
Key people
Shigeru Ishii (President)[1]
ProductsFinancial products
Total assets¥ 14.5 trillion[2]
OwnerSony Group Corporation
Number of employees
13,500
Subsidiaries
  • Sony Life Insurance
  • Sony Assurance
  • Sony Bank
  • Sony Lifecare
  • Sony Financial Ventures
Websitewww.sonyfg.co.jp

History

In March 2004, Sony received approval from the Financial Services Agency of Japan to establish a holding company under the Insurance Business Act and a holding company under the Banking Act. The following month, Sony established Sony Financial Holdings through a corporate split. This placed Sony Life Insurance, which became a Sony subsidiary in 1996, Sony Insurance, which was established in 1998, and Sony Bank, which was established in 2001, under the same umbrella.

In 2020, Sony acquired Sony Financial Holdings through a tender offer, delisting it from the First Section of the Tokyo Stock Exchange and making it a wholly owned subsidiary.[4]

In 2021, Sony Financial Holdings changed its name to Sony Financial Group.

Subsidiaries
  • Sony Life Insurance
    • Sony Life Communications
    • Sony Life Singapore
  • Sony Assurance
  • Sony Bank
    • Sony Payment Services
      • SmartLink Network
      • S.RIDE
  • Sony Lifecare
    • Lifecare Design
    • Proud Life
  • Sony Financial Ventures[3]

Notes
  1. ソニーフィナンシャルグループ株式会社, Sonī Finansharu Gurūpu Kabushiki-gaisha
  2. ソニーフィナンシャルホールディングス株式会社

References
  1. "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. "About Our Group | About Us | Sony Financial Holdings". www.sonyfh.co.jp. Retrieved 22 July 2020.
  4. "Sony completes $3.7bn takeover of financial unit". Nikkei Asian Review. Archived from the original on 17 July 2020. Retrieved 17 July 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.