The Nihon Keizai Shimbun today reported that Sony is considering a sell-off of its financial unit, Sony Financial Holdings. This report is mistaken.

Sony has already announced that it is considering the possibility of an IPO for Sony Financial Holdings (established in April 2004.) This position has not changed. There is also currently no plan to additionally dispose of SFH shares after an IPO. We regret that the article gave the impression that we are presently planning to sell off our financial units.

The article also stated that Sony is considering selling its stake in SKY Perfect Communications Inc. There is currently no plan to do so.

Sony Corporation will hold its Corporate Strategy Meeting on September 22 and will give details on its plans for individual business sectors. We have no comment on the other details which appear in the article.