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Sony Financial Group Inc.

Sony Financial Group Inc., together with its subsidiaries, provides financial services in Japan. It offers death protection, medical, educational endowment, living benefit, automobile, medical, overseas travel, and fire insurance products, as well as reinsurance services. The company also provides foreign currency deposits, mortgage loans, investment trust, and venture capital and credit card settlement services, as well as plans, develops, and operates nursing care homes. Sony Financial Group Inc. was formerly known as Sony Financial Holdings Inc. and changed its name to Sony Financial Group Inc. in October 2021. The company was founded in 1979 and is headquartered in Tokyo, Japan.

Price · split & dividend adjusted
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8729.JP2

Sony Financial Group Upgrades Full-Year Net Profit Forecast to 23 Billion Yen, Life Insurance Bond Sale Losses Decline

Sony Financial Group has upgraded its full-year consolidated net profit forecast for the current fiscal year ending March 2027 to a profit of 23 billion yen. The previous forecast was for a loss of 16 billion yen. The improvement reflects lower-than-initially-expected bond sale losses at subsidiary Sony Life Insurance under its asset-liability management, as well as a gain from the sale of a settlement-related company. First-quarter net profit came to a profit of 9.2 billion yen, a turnaround from a loss of 24.5 billion yen in the same period a year earlier. Consolidated adjusted net income, which serves as the basis for dividends, rose 44 percent year on year to 31.5 billion yen, while the full-year forecast was kept unchanged at 110 billion yen.
Bloomberg·17dRead more ▾
Digital Finance & Tokenization

SoftBank nears $625 million acquisition of payments firm SP.LINKS from Blackstone

SoftBank is nearing a deal to acquire Japanese payments services provider SP.LINKS after emerging as the preferred bidder in an auction valuing the company at about ¥100 billion, or $625 million. Under the proposed transaction, Blackstone will sell its 80% stake in SP.LINKS, while Sony Financial Group's banking unit will divest its remaining 20% holding, making SP.LINKS a wholly owned subsidiary of SoftBank. The sale process attracted multiple bidders, with SoftBank's telecom unit advancing to the final round alongside a private equity fund. Blackstone had bought its 80% stake in January 2024, when the company was known as Sony Payment Services, and a sale at about ¥100 billion would roughly double the company's value in just over two years. The financial terms have not been finalized and remain subject to change.
Seeking Alpha·30dRead more ▾
Digital Finance & Tokenization3

Sony Bank to Establish Trust Subsidiary in the U.S., Receives Conditional Approval from OCC

Sony Financial Group resolved at its board meeting on the 6th that its consolidated subsidiary Sony Bank will establish a trust subsidiary in the United States. The new trust subsidiary, Connectia Trust, National Association, aims to prepare for the commercialization of issuing and managing U.S. dollar-denominated stablecoins, with a capital of 40 million U.S. dollars and a planned establishment in July 2026. Sony Bank has obtained conditional approval from the Office of the Comptroller of the Currency, but will not conduct any business activities, including issuing stablecoins, until all necessary approvals, including final approval, are obtained. The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
CoinPost·49dRead more ▾