Stockholders' equity

12 Months Ended

Mar. 31, 2026

20.	Stockholders’ equity

(1)	Common stock

The number of shares of common stock authorized as of March 31, 2024 was 3,600,000,000 and as of March 31, 2025 and 2026 was 18,000,000,000.

The following table shows the changes in the number of shares of common stock issued and outstanding during the fiscal years ended March 31, 2024, 2025 and 2026. All of the shares of common stock of Sony Group Corporation are issued with no par value, and the issued stock was fully paid.


	Number of shares
	Fiscal year ended March 31
	2024		2025* 1			2026
Balance at beginning of the fiscal year		1,261,081,781		1,261,231,889			6,149,810,645

Issuance of new shares		150,108		-			-

Decrease by cancellation of treasury stock* 2		-		(105,899,600	)		-

Increase by stock split		-		4,994,478,356			-

Balance at end of the fiscal year		1,261,231,889		6,149,810,645			6,149,810,645

*1	As of October 1, 2024, Sony Group Corporation conducted a five-for-one stock split of its common stock.

*2	Included in the number of shares that were decreased by cancellation of treasury stock for the fiscal year ended March 31, 2025 were 12,612,300 shares (before the stock split) cancelled on April 10, 2024 and 93,287,300 shares (after the stock split) cancelled on December 3, 2024.

As of March

31, 2024, 2025 and 2026, the number of shares of treasury stock, which was included in the balance of common stock shares issued above, were 39,783,003 shares, 124,806,850 shares and 242,143,391 shares, respectively.

Sony Group Corporation may purchase its own shares at any time by a resolution of the Board up to the retained earnings available for dividends to shareholders, in accordance with the Companies Act of Japan.

The Board resolved and approved the establishment of a facility for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and

Sony Group Corporation’s Articles of Incorporation as of May 10, 2022. Under the above resolution, Sony Group Corporation repurchased

798,000

shares of its common stock for an amount of

10,000

million yen during the fiscal year ended March 31, 2024. In addition, the Board resolved and approved the establishment of a facility for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation as of May 17, 2023. Under the above resolution, Sony Group Corporation repurchased

14,869,300

shares of its

mmon stock for an amount of

192,532

million yen during the fiscal year ended March 31, 2024, and repurchased

572,400

shares (before the stock split) of its common stock for an amount of

7,468

million yen during the fiscal year ended March 31, 2025.

The Board resolved and approved the establishment of a facility for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation as of May 14, 2024. Under the above resolution, Sony Group Corporation repurchased 93,287,300 shares (after the stock split) of its common stock for an amount of 250,000 million yen during the fiscal year ended March 31, 2025. In addition, the Board resolved and approved the establishment of a facility for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation as of February 13, 2025. Under the above resolution, Sony Group Corporation repurchased 7,715,800 shares of its common stock for an amount of 27,930 million yen during the fiscal year ended March 31, 2025, and repurchased 6,921,900 shares of its common stock for an amount of 22,069 million yen during the fiscal year ended March 31, 2026.

The Board resolved and approved the establishment of a facility for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation as of May 14, 2025. Under the above resolution, Sony Group Corporation repurchased 63,156,800 shares of its common stock for an amount of 250,000 million yen during the fiscal year ended March 31, 2026. In addition, the Board resolved and approved the establishment of a facility for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation as of November 11, 2025 (as subsequently amended in part by resolutions of the Board as of February 5, 2026 and February 26, 2026). Under the above resolution, Sony Group Corporation repurchased 70,793,900 shares of its common stock for an amount of 250,000 million yen during the fiscal year ended March 31,

2026.

(2)	Additional paid-in capital

Additional

paid-in

capital consists of surplus that is derived from equity transactions not recorded in common stock, and its components are capital reserves and capital surplus. The Companies Act of Japan provides that no less than

50% of the

paid-in

amount or proceeds of issuance of shares shall be incorporated in common stock, and that the remaining shall be incorporated in capital reserves. Capital reserves may be incorporated in common stock upon approval of the General Meeting of Shareholders.

(3)	Retained earnings

Retained earnings consist of legal reserves and accumulated earnings. The Companies Act of Japan provides that earnings in an amount equal to 10% of cash dividends from retained earnings shall be appropriated as a capital reserve or a legal reserve on the date of distribution of retained earnings until an aggregated amount of capital reserve and legal reserve equals 25% of common stock. Legal reserves may be used upon approval of the General Meeting of Shareholders.

(4)

Dividends

Dividends paid for the fiscal years ended March 31, 2025 and 2026 are as follows:

For the fiscal year ended March 31, 2025

(Resolution)

Type of

Total amount of

dividends

(Yen in millions)

Source of

dividends

Dividends

per share (Yen)

Record date

Effective

date

Board of Directors
May 14, 2024

Common stock

54,965

Retained earnings

45.00

March 31, 2024

June 10, 2024

Board of Directors
November 7, 2024

Common stock

60,347

Retained earnings

50.00

September 30, 2024

December 5, 2024

* As of October 1, 2024, Sony Group Corporation conducted a

five-for-one

stock split of its common stock. The dividend per share amount is the amount prior to the stock split.

For the fiscal year ended March 31, 2026

(Resolution)

Type of

Total amount of

dividends

(Yen in millions)

Source of

dividends

Dividends

per share (Yen)

Record date

Effective

date

Board of Directors
May 14, 2025

Common stock

60,250

Retained earnings

10.00

March 31, 2025

June 2, 2025

Board of Directors
November

, 2025

Common stock

74,714

Retained earnings

12.50

September 30, 2025

December 5, 2025

Dividends whose record date falls in the fiscal year ended March 31, 2026, and whose effective date falls in the subsequent period are as follows:

(Resolution)

Type of

Total amount of

dividends

(Yen in millions)

Source of

dividends

Dividends

per share (Yen)

Record date

Effective

date

Board of Directors
May 8, 2026

Common stock

73,846

Retained earnings

12.50

March 31, 2026

June 1, 2026

(5)	Dividends in kind

Upon execution of the Partial Spin-off of the Financial

Services business, Sony Group Corporation distributed dividends in kind to shareholders appearing in Sony Group Corporation’s register of shareholders as of the record date, September 30, 2025, at the rate of one share of common stock of SFGI (“SFGI share(s)”) to one share of common stock of Sony Group Corporation held by each shareholder, effective October 1, 2025. The dividend was paid out of retained earnings, and the amount equal to the fair value of the SFGI shares distributed as dividends in kind based on IFRS Accounting

Standards was

955,700

million

yen, with a dividend amount per share of

159.89

yen.

(6)	Other comprehensive income

Changes in accumulated other comprehensive income, net of tax, by component for the fiscal years ended March 31, 2024, 2025 and 2026 are as follows:


	Yen in millions
	Balance at April 1, 2023			Other comprehensive income attributable to Sony Group Corporation’s stockholders			Transfer to retained earnings			Balance at March 31, 2024
Changes in equity instruments measured at fair value through other comprehensive income*		(9,152	)		(53,814	)		(12,326	)		(75,292	)
Changes in debt instruments measured at fair value through other comprehensive income*		39,845			(704,636	)		-			(664,791	)
Cash flow hedges		18,413			1,352			-			19,765
Remeasurement of defined benefit pension plans*		-			25,875			(25,875	)		-
Exchange differences on translating foreign operations		513,203			439,490			-			952,693
Insurance finance income (expenses)*		(1,183,634	)		563,396			-			(620,238	)
Share of other comprehensive income of investments accounted for using the equity method		6,563			5,348			(20	)		11,891
Other*		192			(283	)		-			(91	)

Total		(614,570	)		276,728			(38,221	)		(376,063	)


	Yen in millions
	Balance at April 1, 2024			Other comprehensive income attributable to Sony Group Corporation’s stockholders			Transfer to retained earnings			Balance at March 31, 2025
Changes in equity instruments measured at fair value through other comprehensive income*		(75,292	)		(12,531	)		29,508			(58,315	)
Changes in debt instruments measured at fair value through other comprehensive income*		(664,791	)		(681,515	)		-			(1,346,306	)
Cash flow hedges		19,765			(4,295	)		-			15,470
Remeasurement of defined benefit pension plans*		-			10,583			(10,583	)		-
Exchange differences on translating foreign operations		952,693			(79,179	)		-			873,514
Insurance finance income (expenses)*		(620,238	)		568,291			(8,738	)		(60,685	)
Share of other comprehensive income of investments accounted for using the equity method		11,891			(1,248	)		(1	)		10,642
Other*		(91	)		(676	)		-			(767	)

Total		(376,063	)		(200,570	)		10,186			(566,447	)


	Yen in millions
	Balance at April 1, 2025			Other comprehensive income attributable to Sony Group Corporation’s stockholders			Transfer to retained earnings			Transactions with noncontrolling interests shareholders and other		Transfer to held for distribution to owners			Balance at March 31, 2026
Changes in equity instruments measured at fair value through other comprehensive income*		(58,315	)		(21,201	)		(91	)		-		4,747			(74,860	)

Changes in debt instruments measured at fair value through other comprehensive income*		(1,346,306	)		(262,844	)		-			-		1,609,300			150

Cash flow hedges		15,470			(3,384	)		-			-		-			12,086

Remeasurement of defined benefit pension plans*		-			38,184			(38,184	)		-		-			-

Exchange differences on translating foreign operations		873,514			423,701			-			5,207		-			1,302,422

Insurance finance income (expenses)*		(60,685	)		228,593			-			-		(167,908	)		-

Share of other comprehensive income of investments accounted for using the equity method		10,642			(21,039	)		(30	)		-		-			(10,427	)

Other*		(767	)		(206	)		-			-		973			-

Total		(566,447	)		381,804			(38,305)			5,207		1,447,112			1,229,371

*	Some or all of the amounts are included in other comprehensive income from discontinued operations. For further information on discontinued operations, refer to Note 33.

Each component of other comprehensive income and the related tax effect including noncontrolling interests for the fiscal years ended March 31, 2024, 2025 and 2026 are as follows:


	Yen in millions
	Fiscal year ended March 31
Comprehensive income components	2024			2025			2026
Items that will not be reclassified to profit or loss

Changes in equity instruments measured at fair value through other comprehensive income

Amount incurred during the year		(72,245	)		(15,131	)		(27,915	)

Total before tax		(72,245	)		(15,131	)		(27,915	)

Tax expense or (benefit)		17,418			3,598			6,514

Net of tax		(54,827	)		(11,533	)		(21,401	)

Remeasurement of defined benefit pension plans

Amount incurred during the year		38,875			15,865			51,235

Total before tax		38,875			15,865			51,235

Tax expense or (benefit)		(11,831	)		(4,838	)		(13,014	)

Net of tax		27,044			11,027			38,221

Share of other comprehensive income of investments accounted for using the equity method

Amount incurred during the year		704			(1,287	)		297

Total before tax		704			(1,287	)		297

Tax expense or (benefit)		(91	)		376			(54	)

Net of tax		613			(911	)		243


Other comprehensive income from discontinued operations

Amount incurred during the year		(243	)		(2,208	)		1,239

Total before tax		(243	)		(2,208	)		1,239

Tax expense or (benefit)		87			766			(382	)

Net of tax		(156	)		(1,442	)		857

Total		(27,326	)		(2,859	)		17,920

Items that may be reclassified subsequently to profit or loss

Cash flow hedges

Amount incurred during the year		(15,032	)		(5,384	)		(7,416	)

Reclassification to profit or loss		16,982			433			2,829

Total before tax		1,950			(4,951	)		(4,587	)

Tax expense or (benefit)		(598	)		656			1,203

Net of tax		1,352			(4,295	)		(3,384	)

Exchange differences on translating foreign operations

Amount incurred during the year		441,943			(78,193	)		415,503

Reclassification to profit or loss		463			(1,073	)		8,857

Total before tax		442,406			(79,266	)		424,360

Tax expense or (benefit)		-			-			-

Net of tax		442,406			(79,266	)		424,360


	Yen in millions
	Fiscal year ended March 31
Comprehensive income components	2024			2025			2026

Share of other comprehensive income of investments accounted for using the equity method

Amount incurred during the year		4,735			(337	)		(23,378	)

Reclassification to profit or loss		-			-			358

Total before tax		4,735			(337	)		(23,020	)

Tax expense or (benefit)		-			-			1,738

Net of tax		4,735			(337	)		(21,282	)

Other comprehensive income from discontinued operations

Amount incurred during the year		(191,775	)		(188,264	)		(59,771	)

Reclassification to profit or loss		(4,713	)		4,537			1,451,335

Total before tax		(196,488	)		(183,727	)		1,391,564

Tax expense or (benefit)		54,965			69,827			16,343

Net of tax		(141,523	)		(113,900	)		1,407,907

Total		306,970			(197,798	)		1,807,601

Total other comprehensive income		279,644			(200,657	)		1,825,521