Sony Group Corporation (SONY) and Honda to scale down Sony Honda Mobility venture

Rhea-AI Filing Summary

Sony Group Corporation, Honda, and their joint venture Sony Honda Mobility (SHM) have agreed on a new direction for SHM. After Honda’s revised electrification strategy and the earlier decision to discontinue development and launch of the AFEELA 1 and a second model, the parties concluded it is difficult to bring products aligned with SHM’s founding purpose to market in the short to medium term under the existing framework.

They will review SHM’s current structure and scale down its operations, with SHM employees expected to be reassigned to Sony, Honda, and related entities in principle, considering individual preferences. Sony is continuing to evaluate how discontinuing SHM’s electric vehicle launches may affect its consolidated financial results. The three companies plan to keep discussing how best to collaborate, focusing on bringing new value to the user experience through software as advanced driver assistance systems become mainstream.

Insights

Equity strategy analyst

Sony and Honda are scaling back their EV joint venture while reassessing future software-focused collaboration.

Sony, Honda, and Sony Honda Mobility have decided it is difficult to deliver products matching SHM’s founding purpose in the short to medium term under the existing framework. They will review SHM’s structure and scale down operations rather than push ahead with the AFEELA 1 and a second model.

The move follows Honda’s reassessment of its automobile electrification strategy and the earlier decision to discontinue development and launch of SHM’s first and second electric vehicle models. SHM employees are expected to be reassigned to the parent companies and related entities, suggesting a wind-down of the joint venture’s current activities.

Sony continues to evaluate the impact of discontinuing SHM’s electric vehicle launches on its consolidated financial results, so the financial consequences are not yet quantified in this disclosure. Looking ahead, the three companies expect to keep discussing collaboration aimed at creating new user value through software as advanced driver assistance systems become mainstream.

Key Terms

joint venture, electric vehicle models, advanced driver assistance systems, user experience, +1 more

5 terms

joint venture financial

"Sony Honda Mobility Inc. (“SHM”), the joint venture formed by Sony and Honda"

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

electric vehicle models technical

"the discontinuation of the development and launch of the first AFEELA model, AFEELA 1, as well as the second model"

advanced driver assistance systems technical

"in anticipation of an era where advanced driver assistance systems become mainstream"

Advanced driver assistance systems are electronic tools built into vehicles that act like a cooperative co‑pilot — they monitor road conditions and help with tasks such as keeping lanes, adjusting speed, parking, and automatically braking to avoid collisions. Investors care because these systems influence vehicle safety ratings, regulatory compliance, product appeal, and costs; they can change revenue mix and liability exposure for automakers, suppliers, and tech companies as adoption increases.

user experience technical

"with the aim of bringing new value to the user experience through software"

consolidated financial results financial

"Sony continues to evaluate the impact of the discontinuation of the launch of SHM’s electric vehicle models on Sony’s consolidated financial results"

Consolidated financial results are a company’s combined financial statements that merge the parent company with all the businesses it owns or controls, showing total revenue, expenses, assets and liabilities as if they were one operation. Investors rely on them to see the full economic picture—like viewing a household budget instead of individual wallets—so they can judge overall performance, risk and cash flow without double-counting internal transactions.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 2026

Commission File Number: 001-06439

SONY GROUP CORPORATION

(Translation of registrant’s name into English)

1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, 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 ¨

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 GROUP CORPORATION (Registrant)
	By:	/s/ Lin Tao
		(Signature)
	Lin Tao
	Chief Financial Officer

Date: April 21, 2026

List of Materials

Documents attached hereto:

Announcement Regarding the Future Business Direction of Sony Honda Mobility

April 21, 2026

Sony Group Corporation

Announcement Regarding the Future Business Direction of Sony Honda Mobility

As disclosed in the announcement entitled “Announcement Regarding the Discontinuation of Development and Launch of Sony Honda Mobility’s Electric Vehicle Models and the Review of Its Business Direction” on March 25, 2026, Sony Group Corporation (“Sony”), Honda Motor Co., Ltd. (“Honda”) and Sony Honda Mobility Inc. (“SHM”), a joint venture between Sony and Honda, have continued to discuss and consider the review of SHM’s business direction, and today announced that they have reached an agreement regarding the future business direction of SHM. For details, please refer to the attached press release.

Sony continues to evaluate the impact of the discontinuation of the launch of SHM’s electric vehicle models on Sony’s consolidated financial results.

End of document

April 21, 2026

Sony Group Corporation

Honda Motor Co., Ltd.

Sony Honda Mobility Inc.

Announcement Regarding the Future Business Direction of Sony Honda Mobility

Sony Group Corporation (“Sony”), Honda Motor Co., Ltd. (“Honda”), and Sony Honda Mobility Inc. (“SHM”), the joint venture formed by Sony and Honda, today announced they have reached an agreement regarding the future business direction and positioning of SHM.

Following Honda’s reassessment of its automobile electrification strategy announced on March 12, 2026, Sony, Honda, and SHM announced on March 25, 2026 the discontinuation of the development and launch of the first AFEELA model, AFEELA 1, as well as the second model.

Taking this into account, the three companies further considered the future business direction of SHM and concluded that it would be difficult to find ways to bring products and services aligned with SHM’s founding purpose to the market in the short to medium term under the existing framework. Based on these conclusions, the companies have decided to review the current structure of SHM for the time being and scale down its operations. Following this decision, SHM employees are expected to be reassigned to the parent companies and related entities in principle, taking into account their individual preferences.

Since SHM was established in September 2022, Sony and Honda have brought together and integrated their respective technologies, expertise, and development capabilities with the aim of creating new value in mobility. Both companies remain committed to the principles set out at the founding of the joint venture - contributing to and leading the evolution of mobility. Going forward, while taking into account the changing business environment, the three companies expect to continue discussions on the optimal form of collaboration between them, with the aim of bringing new value to the user experience through software in anticipation of an era where advanced driver assistance systems become mainstream.