Under the definitive agreement, Sony will transfer to Murata the battery business conducted by Sony Energy Devices Corporation, Sony's wholly-owned subsidiary in Japan; Sony's battery-related manufacturing operations located in China and Singapore; and assets and personnel assigned to the battery business at the Sony Group's sales and R&D sites in Japan and worldwide.

The sales price is approximately 17.5 billion yen. Murata is planning to offer the approximately 8,500 Sony Group employees who are involved in the battery business employment within the Murata Group upon the completion of the Transfer.

Business operations related to consumer sales of Sony-branded USB batteries, alkaline batteries, button and coin batteries, and mobile projectors, as well as certain other products, will not be part of the Transfer.

Murata and Sony are aiming to complete the Transfer by early April 2017, subject to required regulatory approvals and other conditions.