News Releases

Content Menu
The press releases on this website are provided for historical reference purposes only. Please note that certain information may have changed since the date of release.
November 07, 2016

Sale of Equity Interest in Sony Electronics Huanan Co., Ltd. by Sony's Chinese Subsidiary

Tokyo, November 7, 2016 - Sony (China) Ltd. ("Sony China"), a wholly-owned Chinese subsidiary of Sony Corporation ("Sony"), has signed a binding definitive agreement to transfer to Shen Zhen O-Film Tech Co., Ltd. ("O-Film") all equity interest in its wholly-owned subsidiary, Sony Electronics Huanan Co., Ltd., which manufactures camera modules. The sales price is approximately 95 million U.S. dollars, subject to customary post-closing adjustments.

This transaction reflects Sony's ongoing focus on optimizing the scale of the camera module business.

Sony expects to record a gain in operating income from the transfer after its completion. The completion of the transfer, and its timing, are subject to required regulatory approvals and other customary closing conditions. Therefore, such gain has not been included in Sony's consolidated results forecast for the fiscal year ending March 31, 2017, which was announced on November 1, 2016. Sony plans to announce the amount of such gain and its impact on Sony's consolidated financial results when the transfer is completed.
Sony Electronics Huanan Co., Ltd. Company Profile
Date Established March 2, 2004
Location No.7 Shenzhou Road, Science Park of GETDD.
Guangzhou 510660, China
Capital 73 million US$ (as of March 31, 2016)
Shareholding Ratio Sony (China) Limited 100% (as of March 31, 2016)
Chairman Mitsurou Soejima
President Hajime Morioka
Type of Business Manufacture of camera modules
Employee Headcount Approximately 4,000 (as of March 31, 2016)
Page Top
Return to top of page