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Last ¥3,472 JPY
Change Today +10.50 / 0.30%
Volume 15.4M
As of 2:00 AM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1-7-1 Konan

Minato-ku

Tokyo, 108-0075

Japan

Phone: 81 3 6748 2111

Fax:

perienced team of Lifeplanner sales employees, as well as partner independent sales agents. Sony Life provides tailor-made life insurance products that are optimized for each customer. Sony Life maintains an extensive service network which mainly consists of the Lifeplanner channel and the independent agent channel in Japan. The Lifeplanner channel is characterized by strict recruitment and training of sales professionals from industries outside the life insurance industry, performance-linked compensation and its high productivity, and offers custom-made packages. Most of the agents in the independent agent channel are corporate and non-exclusive agents, centering on shop-style agents. Shop-style agents are a sub-channel of the independent agent channel, who offer insurance in local stores and provide customers with opportunities to compare various insurers’ products. To enhance Sony Life’s relationship with independent agents, Sony Life’s agent support staff provides independent agents with various support services, including recruiting, training and sales promotion activities. Sony Life established a Japanese joint venture company with AEGON N.V. The 50-50 joint venture, known as AEGON Sony Life Insurance Co., Ltd. was established in 2009 and began operations in Japan in 2009. Sony Assurance conducts a non-life insurance business in Japan. Sony Assurance’s core business is providing automobile insurance products and medical and cancer insurance products to individual customers, primarily through direct marketing via the Internet and the telephone. As an Internet bank focusing on the asset management and borrowing needs of individual customers, Sony Bank offers a range of products and services, including yen and foreign currency deposits, investment trusts and mortgages. By using Sony Bank’s transaction channel, the MONEYKit service Website, account holders can invest and manage assets over the Internet according to their life plans. Sony Bank owns the company’s 57 percent equity interest in SmartLink Network, Inc. (SLN), resulting in SLN becoming a consolidated subsidiary of Sony Bank. SLN is a provider of credit card settlement services to members of its Internet network. All Other Sony DADC Corporation (Sony DADC) offers Blu-ray Disc, DVD and CD media replication services, as well as digital and physical supply chain solutions to business customers in the entertainment, education, and information industries. Dispositions In 2014, the company sold its PC business operated under the VAIO brand to Japan Industrial Partners, Inc. Government Regulations In Japan, the company’s insurance businesses are subject to the Insurance Business Act and approvals and oversight from the Financial Services Agency (FSA). The primary purpose of the Insurance Business Act and related regulations is to protect policyholders, not shareholders. Sony Bank is also subject to regulation by the FSA under the Banking Act of Japan, including the requirement that it maintain a minimum capital adequacy ratio in accordance with capital adequacy guidelines adopted by the FSA based on the Basel III agreement. The company’s subsidiaries in the Financial Services segment are subject to the Japanese Insurance Business Act and Banking Act that require insurance and business companies to maintain their financial credibility and to secure protection for policy holders and depositors in view of the public importance of insurance and banking services. In addition, the company’s telecommunication businesses in Japan are subject to approvals and oversight from the Ministry of Internal Affairs and Communications, under the Telecommunication Business Act and other regulations related to the Internet businesses and communication methods in Japan. In Europe, the company is required to comply with various environmental regulations enacted by the EU, such as the Restriction of Hazardous Substances (RoHS) Directive, the Waste Electrical and Electronic Equipment (WEEE) Directive and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation. History The company was founded in 1946. It was forme

 

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