Sony Semiconductor Solutions Corporation was founded as a device solutions manufacturer that constantly provides new value and excitement to the world. Our semiconductor device business is driven primarily by image sensors, and also includes various LSIs, lasers, and display devices. By integrating development, design, and manufacturing, we will be better able to reliably meet the diversifying needs of customers and to enrich people's lifestyles. In the semiconductor business, where image sensors are a primary area of focus, Sony established Sony Semiconductor Solutions Corporation ("Sony Semiconductor Solutions") to further reinforce this business, and concentrate on sustained growth. R&D, business control, sales and other operations related to the semiconductor business, which are currently overseen by business groups and R&D units within Sony Corporation, will be transferred to Sony Semiconductor Solutions. The new company will aim to commence operations on April 1, 2016. As part of its mid-term corporate strategy announced in February 2015, Sony outlined its intention to sequentially split out the business units currently within Sony Corporation and operate them alongside existing Sony Group companies. The aim of these measures is to ensure clearly attributable accountability and responsibility from the perspective of shareholders, management policies with an emphasis on sustainable profit generation, and the acceleration of decision-making processes and reinforcement of business competitiveness. The decision to establish Sony Semiconductor Solutions forms part of this strategy.