Sony Corporation (“Sony”) today announced the proposed sale of a portion of its shareholdings in Monex Beans Holdings, Inc. (“Monex Beans”), an equity method affiliate of Sony. Details are as stated below.

I. Sale of the Shares

1.	Number of Shares to be Sold	200,000 shares In addition to the number of shares stated above, Sony has granted the option to purchase up to 30,000 additional shares (the "Greenshoe Option") to the representative of the underwriters for the offering in Japan. The Greenshoe Option will be exercisable until September 22, 2005.
2.	Remaining Shares of Monex Beans Held by Sony after the Offering	70,400 shares (This represents approximately 11.5% of the outstanding shares of Monex Beans, excluding the Greenshoe Option described above.) As a result of this sale, Monex Beans will no longer be an affiliated company of Sony as accounted for by the equity method.
3.	Method of Sale	Secondary offering to the public in Japan and secondary offering outside of Japan and the U.S. in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") and in the U.S. to institutions that are "qualified institutional buyers" as defined in Rule 144A under the Securities Act.
4.	Sale Price (Offer Price)	125,440 yen per share
5.	Total Sale Price	25,088,000,000 yen

II. Impact on Operating Performance

Sony estimates that the above-mentioned sale of shares will contribute approximately 18.0 billion yen to consolidated income before taxes and approximately 10.6 billion yen to consolidated net income. As the impact of this transaction is not incorporated within the outlook for the fiscal year ending March 31, 2006, announced on July 28, 2005, Sony is currently reviewing whether or not a revision of the outlook is required taking into account a number of uncertainties, including an ongoing detailed review of company-wide business strategy and operating structure being conducted by Sony's new senior executive team.