Sony Group's financial unit lists on Tokyo Stock Exchange's Prime Market

Sony Financial Group Inc., Sony Group Corp.'s wholly owned financial unit, listed on the Tokyo Stock Exchange's top-tier Prime Market on Monday, with the spinoff expected to allow the tech conglomerate parent to focus resources on its entertainment and semiconductor businesses.Through the reorganization, Sony Financial will be able to raise capital by itself and speed up decision-making, it said. Sony Group's stake in the unit will fall to below 20 percent after it goes public."It is the first step for our company's growth," Sony Financial Group President and CEO Toshihide Endo told reporte…READ FULL ARTICLE