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Sony Corporation ("Sony") today announced that it has completed the transfer of the Sony Group's battery business to the Murata Manufacturing Co., Ltd. Group (the "Transfer"). The Transfer was previously announced in the press releases entitled "Murata Manufacturing and Sony Sign Definitive Agreement for the Transfer of Battery Business" dated October 31, 2016 and "Announcement Regarding the Expected Closing of the Transfer of the Battery Business from Sony to Murata Manufacturing" dated July 19, 2017.
While Sony expects that certain additional losses related to the Transfer will be recorded in its consolidated financial results for the fiscal year ending March 31, 2018 as a result of post-closing adjustments, the Transfer is not anticipated to have a material impact on Sony's forecast for its consolidated financial results for the same fiscal year.