Reported 1 day ago
Sony is set to announce a spin-off of its financial arm, marking a significant step in its corporate transformation that has shifted focus towards entertainment, which now accounts for over 60% of its sales. On May 29, the company will detail its strategy for the financial unit and plans to distribute over 80% of its shares in Sony Financial Group to shareholders. This move is seen as a response to investor demands and will help separate the financial business from non-financial operations, allowing for clearer strategic objectives.
Source: YAHOO