formerly known as is a Japanese

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

for

Sony is a Japanese multinational conglomerate (company), conglomerate headquartered at Sony City in Minato, Tokyo, Japan. The Sony Group encompasses various businesses, including Sony Corporation (electronics), Sony Semiconductor Solutions (i ...

's financial services business and headquartered in

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

, Japan. It operates various businesses, including both life and non-life

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

online banking Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...

, credit card settlement, nursing care, and

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

History

In March 2004, Sony received approval from the

Financial Services Agency The is a Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan. The agency operates ...

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 The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. The exchange is owned by Japan Exchange Group (JPX), a holding company that it also lists (), and operated by Tokyo Stock Exchange, Inc., a wholly owned sub ...

and making it a wholly owned subsidiary. 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 is a Japanese commercial bank established in April 2001. It operates as a direct bank and has no physical branches or ATMs. It is one of the largest online banks in Japan and a subsidiary of Sony Financial Holdings, the financial business unit ...

** Sony Payment Services *** SmartLink Network *** S.RIDE * Sony Lifecare ** Lifecare Design ** Proud Life * Sony Financial Ventures

Notes

References

External links

Sony Financial Group Inc.

Sony Life Insurance Co., Ltd.

Sony Assurance Inc.

Sony Bank Inc.

Sony Lifecare Inc.
{{japan-company-stub Financial services companies established in 2004 Financial Group Banks of Japan Financial services companies based in Tokyo Companies formerly listed on the Tokyo Stock Exchange