Sony Group Corp 6-K, filed Dec 22, 2023
Sony Group Corp (SONY)
6-K
2023-12-22
For: 2023-12-22
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Added on
April 12, 2026
About this 6-K
Sony Group Corp filed this 6-K on December 22, 2023.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December 2023
Commission File Number: 001-06439
SONY GROUP CORPORATION
(Translation of registrant's name into English)
1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN
(Address of principal executive offices)
The registrant files annual reports under cover of Form 20-F.
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form
40-F,
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Form 20-F X
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Form 40-F __
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Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934, Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-______
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
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SONY GROUP CORPORATION
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(Registrant)
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By: /s/ Hiroki Totoki
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(Signature)
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Hiroki Totoki
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President, Chief Operating Officer and Chief Financial Officer
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Date: December 22, 2023
List of materials
Documents attached hereto:
i) Press release: Announcement Regarding the Expected Recording of Gains Resulting from the Transfer of a Portion of Shares of Sony
Payment Services Inc. by Sony Bank Inc.
December 22, 2023
Sony Group Corporation
Announcement Regarding the Expected Recording of Gains Resulting from the Transfer of a Portion of Shares of Sony Payment Services Inc. by Sony Bank Inc.
Sony Bank Inc. (“Sony Bank”), a wholly-owned subsidiary* of Sony Group Corporation (“Sony”), today signed a share purchase agreement pursuant to which it will transfer a portion
of its shares of Sony Payment Services Inc. (“Sony Payment Services”), a payment service provider and consolidated subsidiary of Sony Bank, to a special purpose acquisition company established by private equity funds which are managed by
Blackstone Inc. and its affiliates. The transfer of shares pursuant to this agreement is planned to take place in the fourth quarter of the fiscal year ending March 31, 2024 (“FY23”), after which Sony Payment Services will become an affiliate
of Sony Bank accounted for using the equity method.
Upon the transfer of shares, Sony expects to record a total of approximately 20 billion yen as operating income in the fourth quarter of FY23, reflecting both a realized gain for
the shares transferred and a remeasurement gain for the shares Sony Bank will continue to hold after the transfer.
Sony is currently assessing the impact of these expected gains and other factors on its consolidated financial results forecast for FY23, which it plans to announce on February
14, 2024, at the earnings announcement for the third quarter of FY23.
* Indirectly owned through Sony Financial Group Inc., a wholly-owned subsidiary of Sony.
End of document