Form 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December 2006
Commission File Number: 001-06439
SONY CORPORATION
(Translation of registrant's name into English)
7-35 KITASHINAGAWA 6-CHOME, SHINAGAWA-KU, TOKYO, JAPAN
(Address of principal executive offices)
The registrant files annual reports under cover of Form 20-F.
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F,
Form 20-F X Form 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934,
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):82-______
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SONY CORPORATION
(Registrant)
By: /s/ Nobuyuki Oneda
(Signature)
Nobuyuki Oneda
Executive Vice President and
Chief Financial Officer
Date: December 05, 2006
List of materials
Documents attached hereto:
i) Press release announcing Sony sells a portion of its shares in StylingLife
Holdings
Sony Corporation
6-7-35 Kitashinagawa
Shinagawa-ku
Tokyo, 141-0001
Dec 5, 2006
No.06-114E
Sony sells a portion of its shares in StylingLife Holdings
Tokyo, Japan- As previously announced, Sony Corporation established StylingLife
Holdings ("SLH"), a holding company for Sony's group of retail businesses
(comprised of PLAZASTYLE CORPORATION, LightUp Shopping Club Inc., B&C
Laboratories Inc., CP Cosmetics Inc., Maxim's de Paris Corporation, and Lifeneo
Inc.), with the intention of enabling the independent management of these retail
businesses by their own management and employees. In June 2006, 51% of SLH's
stock was sold to a 100% subsidiary of Nikko Principal Investments Japan Ltd.
As outlined below, Sony has sold an additional portion of its stock held in SLH.
We expect that the three companies mentioned below that have become shareholders
of SLH will be strong business partners for driving the growth of these retail
businesses going forward.
At the time of the announcement in February 2006 of the basic agreement with
Nikko Principal Investments Japan Ltd. to sell 51% of SLH's stock, Sony also
announced that "in order to support the independence of this retail business
group Sony plans to gradually reduce its stake in the holding company." Carrying
out today's sale of stock is consistent with this aim.
1. Details of the Stock Sale
(1) Purchasers and number of shares sold:
Mitsui & Co., Ltd. 22,500 Shares (15% of total outstanding stock in SLH)
Tokyu Corporation 12,000 Shares (8% of total outstanding stock in SLH)
SENSHUKAI Co., Ltd 4,500 Shares (3% of total outstanding stock in SLH)
(2) Number of shares retained by Sony after the sale:
34,500 Shares (23% of total outstanding stock in SLH)
2. Impact on Sony's Financial Results
Although Sony is currently conducting a detailed analysis of the effect of this
sale of stock on Sony's Consolidated Income before Income Taxes, Sony
anticipates a gain on change in interest of approximately 9 billion yen. This
impact is not reflected in Sony's consolidated forecast for the fiscal year
ending March 31, 2007 announced on October 19, 2006.