TOKYO--(BUSINESS WIRE)--
April 16, 2014
Sony Corporation
Sale of SQUARE ENIX HOLDINGS CO., LTD. shares held by Sony Computer Entertainment Inc.
Sony Corporation (“Sony”), today announced that Sony Computer Entertainment Inc. (“SCEI”), a wholly-owned subsidiary of Sony, has entered into an agreement to sell all of the shares (9,520,000 shares) of SQUARE ENIX HOLDINGS CO., LTD. owned by SCEI to SMBC Nikko Securities Inc.
As a result of the sale, Sony expects that a gain on the sale of approximately 4.8 billion yen would be recorded as other income in Sony's consolidated financial results, in the first quarter of the fiscal year ending March 31, 2015.
Sony expects to disclose the sale price of the shares tomorrow morning, April 17, 2014 (JST) and to disclose its forecast of the consolidated financial results for the fiscal year ending March 31, 2015 in the earnings release for Sony’s consolidated financial results of the fiscal year ended March 31, 2014, which is scheduled to be announced on May 14, 2014.
This press release is not an offer of securities for sale in the United States. The offer and sale of the shares have not been registered under the U.S. Securities Act, and the shares may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the U.S. Securities Act.
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