Sony Financial Group

Sony Financial Group Inc.

Headquarters at Otemachi Financial City
Native name	ソニーフィナンシャルグループ株式会社
Romanized name	Sonī Finansharu Gurūpu Kabushiki-gaisha
Formerly	Sony Financial Holdings (2004–2021)
Company type	Subsidiary
Industry	Financial services
Founded	1 April 2004; 20 years ago (2004-04-01)[1]
Headquarters	Ōtemachi, Chiyoda-ku, Tokyo, Japan[1]
Key people	Shigeru Ishii (President)[1]
Products	Financial products
Total assets	¥ 14.5 trillion[2]
Number of employees	13,500
Parent	Sony Group Corporation
Subsidiaries	Sony Life Insurance Sony Assurance Sony Bank Sony Lifecare Sony Financial Ventures
Website	www.sonyfg.co.jp

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]

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.

External links

• Sony Financial Group Inc. (in English)
  • Sony Life Insurance Co., Ltd. (in Japanese)
  • Sony Assurance Inc. (in Japanese)
  • Sony Bank Inc. (in Japanese)
  • Sony Lifecare Inc. (in Japanese)