Sony Corporation on Monday said that it has agreed to sell all of the shares (17,722,500 shares) of Japanese online game provider DeNA held by Sony to Nomura Securities.
 
“As a result of the sale, Sony expects to realize a gain of approximately 40.9 billion yen, to be recorded as other income during the fourth quarter for the current fiscal year ending March 31, 2013” it said in a statement.
 
It said that the company is transforming its business portfolio and reorganizing its assets in an effort to strengthen its corporate structure. This sale is made as a part of that initiative.

Sony expects to disclose the selling price of the shares tomorrow evening, March 5, 2013 (JST). As stated on February 7, 2013 in the announcement of Sony’s forecast for consolidated financial results for the fiscal year ending March 31, 2013, Sony has identified certain assets for possible sale as part of an initiative to transform its business portfolio and reorganize its assets. This sale was conducted as a part of that initiative. While this sale was anticipated and the potential gain on the sale was taken into account at the time of the forecast, Sony is currently reevaluating the aggregate impact of this sale and other factors on the forecast.

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