Sony To List Financial Unit After PS5 Sales Disappointment
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Benzinga
Benzinga
Sony Group Corp (NYSE:SONY) has revealed plans to take its financial arm public in October 2025. This decision follows a significant reduction in the sales forecast for its core gaming division, which was attributed to underwhelming PlayStation 5 (PS5) sales. What Happened: Sony is set to list its financial unit in October 2025, marking a significant shift in strategy after the company took the unit private in 2020, Bloomberg reported on Wednesday. The move comes after the company revised its earnings and sales forecasts for the fiscal year ending in March. The decision to go public with Sony’…