Mitsui-Soko Holdings Co., Ltd. has entered into a definitive agreement to form a joint venture with Sony Corporation. As part of the transaction, Sony group will accept capital investments from Mitsui-Soko into the logistics business that Sony operates in Japan, Thailand, and Malaysia through its subsidiaries, thereby starting a joint venture. The joint venture named as Sony Supply Chain Solutions Inc. (SSCS-J) will provide distribution services for Sony, as well as cultivate additional business by meeting third-party demand for distribution services.

Under the terms of the transaction, Sony Group will relocate its logistics operations in Thailand and Malaysia under the umbrella of SSCS-J which currently operates Sony's logistics operations in Japan, internal procurement office operations and customer service operations. To achieve this, Sony will conduct the transactions as SSCS-J will acquire all of the shares of Sony Supply Chain Solutions (Thailand) Ltd., and SSCS-J will establish a new company in Malaysia and Sony Supply Chain Solutions (Malaysia) Sdn. Bhd operates its logistics operations and internal procurement office operations in Malaysia, will transfer its logistics business to new Malaysia company.

After relocating the internal procurement office (IPO) and customer servive (CS) operations currently in SSCS-J to different organizations within Sony group, 66% of the shares of SSCS-J, will be transferred from Sony to Mitsui-Soko. As a result, SSCS-J will become a company that operates a logistics joint venture between Mitsui-Soko and Sony.