Sony will establish a new company to succeed the home entertainment business, with TCL holding 51% equity and Sony 49%. The enterprise value is approximately 102.8 billion yen, with the transaction expected to complete in April 2027.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6758","jir_company_name":"Sony Group Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/6758-20260331-01.pdf","jir_short_summary":"Sony will establish a new company to succeed the home entertainment business, with TCL holding 51% equity and Sony 49%. The enterprise value is approximately 102.8 billion yen, with the transaction expected to complete in April 2027.","jir_summary":"### Overview of the Alliance\nSony Corporation will establish a wholly owned subsidiary to succeed its home entertainment business, and TCL Electronics Holdings Limited will acquire a portion of the shares to form a joint venture (BRAVIA Corporation) with TCL holding 51% and Sony 49%. The new company will globally develop, manufacture, sell, handle logistics, and provide customer service for televisions (BRAVIA), professional displays, and home audio products.\n\n### Transaction Details and Future Outlook\nAs part of this alliance, Sony will transfer 100% ownership of its manufacturing subsidiary Sony EMCS (Malaysia) Sdn. Bhd. to TCL, and discussions regarding the transfer of shares in Shanghai Suoguang Video Co., Ltd. will continue. The execution of the transaction is conditional on obtaining approval from relevant authorities, with the new company expected to commence operations in April 2027. The impact of the transaction on earnings is expected to be minimal.","jir_financial_highlights":"Enterprise Value: Approx. 102.8 billion yen (Approx. 5.2 billion Hong Kong dollars) (Unknown)\nEstimated Consideration Paid by TCL: Approx. 75.4 billion yen (Approx. 3.8 billion Hong Kong dollars) (Unknown)\nEquity Ratio of New Company: TCL 51%, Sony 49% (Unknown)","jir_category":"","jir_hashtags":"#SonyGroupCorporation, #MandA, #StrategicAlliance, #JapaneseStocks","jir_key_figures":"Enterprise Value: Approx. 102.8 billion yen (Approx. 5.2 billion Hong Kong dollars)\nEstimated Consideration Paid by TCL: Approx. 75.4 billion yen (Approx. 3.8 billion Hong Kong dollars)\nEquity Ratio of New Company: TCL 51%, Sony 49%","jir_meta_title":"Sony and TCL Confirm Strategic Alliance in Home Entertainment Business Worth Approximately 102.8 Billion Yen","jir_meta_description":"Sony Corporation announces a joint venture with TCL Electronics Holdings Limited in the home entertainment field. The strategic alliance has an enterprise value of approximately 102.8 billion yen and is scheduled to start business in April 2027.","jir_og_title":"Sony and TCL Confirm Strategic Alliance in Home Entertainment Business","jir_og_description":"Sony and TCL have agreed to establish a joint venture. The new company will start operations in April 2027 with an enterprise value of approximately 102.8 billion yen.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6828,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-38307","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n