Sony Group Corporation SEC Filings

3D Systems Corporation (NYSE: DDD) filed an 8-K detailing the completion of a $92.0 million private placement of 5.875% Convertible Senior Secured Notes due 2030. The notes were issued on 23 June 2025 under an indenture with Wilmington Savings Fund Society, FSB acting as trustee and collateral agent. Net proceeds after expenses were approximately $87.9 million.

Key terms: the notes pay 5.875% interest, semi-annually on 15 June and 15 December, commencing 15 December 2025, and mature 15 June 2030. Holders may convert at any time until two trading days before maturity at an initial rate of 445.6328 shares per $1,000 principal (conversion price ≈ $2.24), a 20% premium to the 17 June 2025 closing price of $1.87. The company may settle conversions in cash, stock, or a combination.

The notes carry several investor protections. Holders have a one-time put right on 20 June 2028 to require repurchase at par plus accrued interest. They may also demand repurchase upon a “fundamental change,” and receive an increased conversion rate in certain change-of-control or early-redemption scenarios. The company can redeem the notes, in whole or part, on or after 20 June 2028 if the share price equals at least 130% of the conversion price for a specified period.

Security & covenants: the obligations are senior secured and guaranteed by designated subsidiaries, with first-priority liens on substantially all assets except certain intellectual property. A breach of the limitation-on-liens covenant relating to IP would automatically extend the security interest to all IP assets. The indenture imposes additional restrictions on incurring indebtedness, liens, investments, and restricted payments.

Use of proceeds: (i) approximately $87.9 million of net proceeds plus ≈ $77.9 million cash on hand were used to repurchase a portion of the company’s outstanding 0% Convertible Senior Notes due 2026; (ii) ≈ $15.0 million cash on hand was used to repurchase common stock. The notes were sold in reliance on the Section 4(a)(2) private-placement exemption; shares issuable upon conversion are unregistered and may only be resold pursuant to an applicable exemption.

A press release announcing pricing was issued on 18 June 2025 (Exhibit 99.1). Exhibits 4.1 and 4.2 contain the full indenture and note form. No earnings figures or revised guidance were provided.

Sony Group Corporation (SONY) – Key 20-F Highlights based exclusively on the excerpt provided:

The filing section focuses on accounting disclosures, risk-management practices and several corporate actions rather than headline earnings. Material points are as follows:

• Five-for-one stock split: Effective 1 Oct 2024, Sony split its common stock 5-for-1. All share data are now presented both before and after the split, improving retail liquidity and index eligibility.
• Equity investment revaluations: Sony’s stake in Spotify Technology S.A. is classified at fair value through profit or loss (FVPL). Revaluation produced an unrealised loss of ¥7.8 bn in FY-2023, an unrealised gain of ¥64.8 bn in FY-2024 and a further unrealised gain of ¥69.0 bn in FY-2025 (approx. US$443 m). These swings feed directly into net income volatility.
• Derivative and hedge activity: The group employs multiple ISDA master agreements across FX, interest-rate and equity derivatives. Hedge ineffectiveness was stated as “not material” for FY-2024 and FY-2025, indicating generally effective risk-mitigation.
• Contract accounting: • Contract liabilities are booked under “Other (non-)current liabilities”. • Contract assets and receivables are grouped within “Trade and other receivables” and related line items. The Music segment’s contract assets largely reflect minimum royalty guarantees on its evolving content library.
  • Motion Pictures and TV Productions contracts are recognised in full regardless of duration.
• Fair-value hierarchy methodology change: From FY-2025 Sony now assumes transfers between fair-value levels occur at the start of each interim period (rather than each quarter). FY-2024 figures were restated for comparability.
• Pension plan actions: Defined-benefit plans at certain U.S. subsidiaries were terminated in both FY-2024 and FY-2025, triggering curtailments/settlements aimed at de-risking future obligations.
• Treasury-stock cancellation: 12.6 m pre-split shares were cancelled on 10 Apr 2024 plus 93.3 m post-split shares on 3 Dec 2024, reducing outstanding shares and signalling capital-management discipline.
• Corporate restructuring: On 1 Apr 2025, the storage-media business was transferred to Sony Storage Media Manufacturing Corporation via absorption-type split; the subsidiary was simultaneously renamed Sony Storage Media Corporation.
• Investment portfolio: Sony lists major equity stakes in Nichia Corp., Semiconductor Energy Laboratory Co., Ltd., and Epic Games, Inc.; an increase in fair-value-through-OCI equities was “mainly due to a change in scope of consolidation.”
• Banking segment deposits: Customer deposits include non-current balances recorded in “Other financial liabilities.”

No consolidated revenue, profit or cash-flow figures are contained in the excerpt, so valuation and guidance implications cannot be derived here.