Sony Group Corporation
Notice of Basic Agreement on Strategic Partnership between Sony Corporation and TCL Electronics Holdings Limited in the Home Entertainment Field
Sony Corporation and TCL Electronics Holdings Limited have reached a basic agreement to establish a joint venture in the home entertainment business. TCL will invest 51%, Sony 49%, with business commencement scheduled for April 2027.
Key Figures
- Investment Ratio: TCL 51%, Sony 49%
- Definitive Agreement Signing Scheduled: End of March 2026
- New Company Business Start Scheduled: April 2027
AI要約
Overview of the Partnership
Sony Corporation, a wholly owned subsidiary of Sony Group Corporation, and TCL Electronics Holdings Limited have signed a memorandum of understanding for a strategic partnership in the home entertainment field. The companies will establish a joint venture to comprehensively handle product development, manufacturing, sales, logistics, and customer service of televisions, home audio, and related products, with TCL investing 51% and Sony 49%. The new company will combine Sony’s high-quality image and sound technologies and brand strength with TCL’s advanced display technologies and global business foundation, aiming to commence operations in April 2027.
Future Outlook and Impact
The signing of the definitive agreement is targeted for the end of March 2026, and the establishment of the new company is subject to approval by relevant authorities. At this time, the impact on consolidated financial results from this partnership is under examination and will be promptly disclosed if necessary. The new company aims for business growth in the global market using the “Sony” and “BRAVIA®” brands, with both companies strongly supporting sustainable growth.
