REG-Sony Corporation Sale of DeNA’s shares held by Sony Corporation<6758.T>

Mon Mar 4, 2013 6:00am EST

* Reuters is not responsible for the content in this press release.

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