Sony Financial Group Inc., (ソニーフィナンシャルグループ株式会社) formerly known as Sony Financial Holdings Inc., (ソニーフィナンシャルホールディングス株式会社) 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.
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.[3]