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29 stories mentioning TYO:6758Updated 19h ago

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Asia

Sony Music Publishing to Buy Recognition Music Catalog in Major Rights Deal

Sony Group's (TYO:6758) Sony Music Publishing agreed to acquire the full music rights catalog of Recognition Music Group from funds managed by Blackstone, in a transaction tied to a broader investment venture with GIC, according to a Monday company statement.Financial terms of the deal were not disclosed. Bloomberg reported last week, citing people familiar with the matter, that the deal could be worth $3.5 billion to $4 billion.The portfolio includes more than 45,000 songs spanning major global hits such as "Don't Stop Believin'," "Under the Bridge," "Go Your Own Way," "Bad Romance," and "Umbrella," among others.Sony said the acquisition aligns with its strategy to expand ownership of high-value music rights across genres and markets. The deal builds on a recently launched partnership between Sony Music Group and GIC, focusing on the acquisition and development of premium music catalogs.

TYO:6758
Asia

Sony's Profit Slips 3.4% in Fiscal Year 2025

Sony's (TYO:6758) net income attributable to owners of the parent dropped 3.4% to 1.031 trillion yen for the fiscal year 2025 from 1.067 trillion yen a year earlier.The consumer electronics and entertainment giant's earnings per share declined to 171.44 yen from 175.71 yen a year ago, according to a Tokyo bourse filing on Friday.Sales rose 3.7% to 12.48 trillion yen for the year ended March 31 from 12.035 trillion yen in the prior year.It declared a final dividend of 12.50 yen per share, payable from June 1.In a separate disclosure, Sony said it recorded a 100 billion yen loss on the valuation of its shares in affiliate Sony Honda Mobility (SHM) and a 25.2 billion yen provision for loss on SHM's business as extraordinary losses, following SHM's decision to discontinue its electric vehicle models.However, Sony notes these losses will be eliminated in its consolidated financial results, though it did recognize an additional 44.9 billion yen equity-method loss from SHM on a consolidated basis.For the fiscal year 2026, the company expects attributable net income of 1.16 trillion yen, and sales of 12.3 trillion yen.Sony plans to pay interim and year-end dividends of 17.50 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

TYO:6758
Asia

Sony, TSMC Reach Preliminary Deal on Image Sensor Partnership

Sony Group (TYO:6758) said its semiconductor unit signed a preliminary agreement with Taiwan Semiconductor Manufacturing (TPE:2330) to form a strategic partnership for developing and manufacturing next-generation image sensors, according to a Friday filing on the Tokyo Stock Exchange.Sony Semiconductor Solutions and TSMC plan to establish a joint venture in which Sony will hold a majority stake to build development and production lines at Sony's new plant in Kumamoto Prefecture, Japan.The partnership will combine Sony's image sensor design capabilities with TSMC's semiconductor manufacturing and process technologies to improve sensor performance and support applications in areas such as automotive and robotics, the companies said.The companies are discussing phased investments tied to market demand, including additional spending at Sony's Nagasaki plant, with plans contingent on support from the Japanese government.

TPE:2330TYO:6758
Asia

Market Chatter: Sony Nears Deal to Buy Music Catalog Featuring Bieber, Neil Young

Sony Group's (TYO:6758) Sony Music is close to finalizing an agreement to purchase a music rights portfolio from Blackstone, which includes songs by Neil Young and Justin Bieber, Bloomberg News reported on Thursday, citing people familiar with the matter.The deal is expected to be among the largest of its kind in music industry history, the news wire said.Sony has entered exclusive talks to buy Recognition Music Group, which holds or administers the rights to over 45,000 tracks, through a partnership with Singapore's sovereign wealth fund, GIC, as part of the transaction, the publication said, citing the people.The people familiar with the matter, who spoke on condition of anonymity due to the confidential nature of the negotiations, indicated that the price tag will range from $3.5 billion to $4 billion, the report said.Representatives for both Blackstone and Sony Music declined to provide comments, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6758
Asia

S&P Sees Strong Earnings for Japan's Major Electronics Producers Amid Diversification Efforts

Japanese diversified electronics makers will see robust earnings in the next few years as they compete with peers abroad through efforts that boost and diversify business segments, S&P Global Ratings said in a recent release.The eight major players in the segments have adjusted their business focus over the past 10 to 15 years, resulting in steadier and more profitable business blends, the rating agency said.These changes involve a shift from traditional electronics products to non-electronics segments such as entertainment, service solutions, IT services, and branded consumer appliances.The nontraditional segments offer steady income from subscriptions, long-term contracts, after-sales services, and customer loyalty, S&P said.A narrower risk of technological innovation in these areas also makes sustaining a competitive advantage easier, according to S&P.The major companies include Sony Group (TYO:6758), Hitachi (TYO:6501), Mitsubishi Electric (TYO:6503), Panasonic Holdings (TYO:6752), NEC (TYO:6701), Fujitsu (TYO:6702), Toshiba (TYO:6588), and Sharp (TYO:6753).Further portfolio review and bolstering will be crucial for the companies' credit quality amid elevated competition abroad and a fast-changing business environment, S&P said.Ensuing growth investments could hit the companies' financial metrics, although controlled financial management should be a mitigating factor, S&P said.The rating agency expects the companies to broadly cover expenditure with operating cash flow, with potential asset sales to ease a marked rise in financial burden.

Nikkei 225TYO:6501TYO:6503TYO:6588TYO:6701TYO:6702TYO:6752TYO:6753TYO:6758
Asia

Market Chatter: Sony Life Launches Probes Over Alleged Customer Fraud Cases

Sony Group's (TYO:6758) insurance arm, Sony Life Insurance, is investigating roughly 20 to 30 instances of alleged financial misconduct committed against its customers, Nikkei Asia reported on Thursday.The insurer plans to launch a comprehensive internal probe, while Japan's Financial Services Agency is considering ordering the company to submit a formal report on the matter, the news agency said.In January, Sony Life had already disclosed that a former employee misappropriated customer funds that had been entrusted for investment purposes, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6758
Asia

Sony, Honda Scale Back Mobility Venture After EV Plan Halt

Sony Group (TYO:6758) and Honda Motor (TYO:7267) said their joint venture Sony Honda Mobility will scale down operations after scrapping planned electric vehicle launches, according to a Tuesday filing on the Tokyo Stock Exchange.The decision follows the cancellation of the Afeela models, with the companies concluding it would be difficult to deliver products aligned with the venture's goals in the near to medium term under the current setup.Operations will be reduced for now, with employees expected to be reassigned to the parent companies or related entities.The companies said they will continue exploring future collaboration, focusing on software-driven mobility and advanced driver assistance technologies.

TYO:6758TYO:7267
Asia

Japan Approves Additional Funding for Chipmaker Rapidus

Rapidus has secured additional funding from Japan's New Energy and Industrial Technology Development Organization (NEDO) for its fiscal year 2026 plans to accelerate next-generation 2nm logic semiconductor development.The approval covers two projects: front-end process R&D for 2nm integration and short-TAT manufacturing, and back-end development for chiplet, package design, and manufacturing tech, according to a statement on Sunday.The approved funding totalled 631.5 billion yen, according to a Reuters News report, citing Japan's industry ministry.In fiscal year 2025, Rapidus verified Japan's first 2nm GAA transistor on 300mm wafers and prototyped the industry's first organic RDL interposer using a 600mm square panel.With the new budget, Rapidus will now progress toward its target of starting mass production in 2027.Rapidus was established in August 2022 with the support of eight major Japanese companies: Denso(TYO:6902), Kioxia(TYO:285A), MUFG Bank (TYO:8306), NEC(TYO:6701), NTT (TYO:9432), SoftBank(TYO:9984), Sony (TYO:6758), and Toyota (TYO:7203)

TYO:285ATYO:6701TYO:6758TYO:6902TYO:7203TYO:8306TYO:9432TYO:9984
Asia

Market Chatter: SoftBank Introduces AI Company with NEC, Honda, Sony as Investors

SoftBank Group (TYO:9984) has launched a new company focused on developing artificial intelligence in Japan, with investments from NEC (TYO:6701), Honda Motor (TYO:7267), and six other firms, Nikkei Asia reported on Monday.The Japanese government is evaluating potential support for the initiative. The venture aims to create a foundational model for "physical AI" to enable autonomous control of robots and machinery through a collaborative public-private effort, the news daily said.Additional investors include Sony Group (TYO:6758), Mitsubishi UFJ Financial's (TYO:8306) MUFG Bank, Sumitomo Mitsui Banking Corp. (TYO:8316), Mizuho Bank (TYO:8411), Nippon Steel (TYO:5401), Kobe Steel (TYO:5406), and AI developer Preferred Networks will also assist in building the model.Softbank Group did not reply to MTNewswire queries at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9984

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