This transaction reflects Sony's ongoing focus on optimizing the scale of the camera module business.

Sony expects to record a gain in operating income from the transfer after its completion. The completion of the transfer, and its timing, are subject to required regulatory approvals and other customary closing conditions.

Therefore, such gain has not been included in Sony's consolidated results forecast for the fiscal year ending March 31, 2017, which was announced on November 1, 2016. Sony plans to announce the amount of such gain and its impact on Sony's consolidated financial results when the transfer is completed.