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Sony to sell Minato Ward HQ land to Sony Life

JIJI

Sony Corp. said Monday it has agreed to sell the land of its headquarters in Tokyo’s Minato Ward to Sony Life Insurance Co. for ¥52.8 billion.

Sony aims to complete the deal with the subsidiary by the end of September, it said.

The property sale will not have a major impact on Sony’s earnings for the business year to March 2015, the firm said.