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Sony Group zeroes in on games, chips with financial unit spinoff

Company rethinks resource allocation as investment costs rise

A Sony showroom in Tokyo. The group has been focusing its resources on entertainment and semiconductors in recent years.   © Reuters

TOKYO -- Sony Group will spin off its financial unit to focus resources on entertainment and image sensor operations as the investment burden needed to compete with foreign rivals continues to rise.

The group announced Thursday that it is considering a stock market listing by Sony Financial Group within the next two to three years. Sony Group will maintain a nearly 20% stake in the company, which will continue to operate and provide services under the Sony name.

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