Sale of DeNA’s shares held by Sony Corporation

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.