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Sony Financial Soars 40% on Tokyo Stock Exchange Debut After Spin-Off from Sony Group
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Sony Financial shares surged on their first trading day after being spun off from Sony Group (TYO:6758) and listed independently on the Tokyo Stock Exchange.
The newly listed financial services company, which houses Sony’s insurance and banking divisions, witnessed strong investor demand following its separation from the parent firm.
This approach gave shareholders direct ownership in the financial services business, which now trades under its own ticker.
On Monday, Sony Financial shares opened at 205 yen, quickly climbing as high as 210 yen, which marked a 40% jump compared to the reference price of 150 yen.
For investors, Sony Financial’s separate listing offers a more direct opportunity to invest in Japan’s financial services sector through a trusted global brand.