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Sale of Shares in Monex Beans Holdings, Inc.
Sony Corporation today announced that it has sold a portion of its shareholdings in Monex Beans Holdings, Inc. ("Monex Beans"), further to the sale announced on December 11, 2006. Details are as stated below.
Sales of the Shares
(1) Number of Shares Sold
(Approximately 2.7% of outstanding shares of Monex Beans)
(2) Remaining Shares of Monex Beans Held by Sony after the Sale
(Approximately 5.0% of outstanding shares of Monex Beans)
Impact on Operating Performance of Sony
Sony estimates that the above sales of shares will contribute approximately 4.5 billion yen to consolidated income before income taxes. The impact of this contribution was incorporated within the outlook for the fiscal year ending March 31, 2007, announced on October 19, 2006.