REG-Sony Corporation Sale of DeNA’s shares held by Sony Corporation<6758.T>
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130304:nBw045685a http://www.businesswire.com/news/home/20130304005685/en TOKYO--(Business Wire)-- March 4, 2013 Sony Corporation Sale of DeNA`s shares held by Sony Corporation Sony Corporation ("Sony") today announced that it has entered into a contract to sell all of the shares (17,722,500 shares) of DeNA Co., Ltd. ("DeNA") held by Sony to Nomura Securities Co., Ltd. As a result of the sale, Sony expects to realize a gain of approximately 40.9 billion yen, to be recorded as other income during the fourth quarter for the current fiscal year ending March 31, 2013. Sony expects to disclose the selling price of the shares tomorrow evening, March 5, 2013 (JST). As stated on February 7, 2013 in the announcement of Sony`s forecast for consolidated financial results for the fiscal year ending March 31, 2013, Sony has identified certain assets for possible sale as part of an initiative to transform its business portfolio and reorganize its assets. This sale was conducted as a part of that initiative. While this sale was anticipated and the potential gain on the sale was taken into account at the time of the forecast, Sony is currently reevaluating the aggregate impact of this sale and other factors on the forecast. 1. Purpose of the sale Sony is transforming its business portfolio and reorganizing its assets in an effort to strengthen its corporate structure. This sale is made as a part of that initiative. 2. Summary of DeNA Trade name DeNA Co., Ltd. Address of head office Shibuya 2-21-1, Shibuya-ku, Tokyo, Japan Name and title of representative Isao Moriyasu, President and Representative Director Business Social Media Business, E-commerce Business Stated capital 10,397 million yen Date of establishment March 4, 1999 Number of employees (stand-alone) 872 (as of the end of September, 2012) Number of shares issued and outstanding 150,810,033 shares 3. Summary of the buyer Trade name Nomura Securities Co., Ltd. Address of head office Nihonbashi 1-9-1, Chuo-ku, Tokyo, Japan Name and title of representative Koji Nagai, President Business Financial Instruments Business Stated capital 10,000 million yen Date of establishment May 7, 2001 4. Number of shares to be sold and number of shares to be held by Sony before/after the sale Number of shares held by Sony before the sale 17,722,500 shares (Number of voting rights: 177,225) (Shareholding ratio: 13.14%) Number of shares to be sold 17,722,500 shares (Number of voting rights: 177,225) (Shareholding ratio: 13.14%) Number of shares to be held by Sony after the sale 0 shares (Number of voting rights: 0) (Shareholding ratio: 0%) 5. Schedule Execution of a contract of sale March 4, 2013 Closing of the sale (Expected) March 7, 2013 6. Outlook The impact of the sale on Sony`s forecast for consolidated financial results for the fiscal year ending March 31, 2013 is as stated above. Sony Corporation Copyright Business Wire 2013
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