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Sony Computer Entertainment Has Sold All of Its Shares in Square Enix

Jason Clement

Sony Computer Entertainment has announced in a press release earlier today that it has entered into an agreement to sell all of its 9,250,000 shares in Square Enix to SMB Nikko Securities Inc.


While the reason for the sale was not announced, the press release did state that a gain of 4.8 billion yen would be recorded as "other income" in Sony's consolidated financial results in the fiscal year ending on March 31, 2015.


Because of this, it's likely that the sale was made to shore up Sony's financial situation for the year rather than it being a vote of no confidence in Square's future.


Source: Sony

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