Sony Bank Co., Ltd., the banking subsidiary of Sony Financial Group, is opening a fiduciary business in the United States. The bank's board resolved on July 6, 2026 to form a wholly owned subsidiary named Connectia Trust, National Association, capitalized at $40 million, roughly ¥6.4bn at the ¥160-to-the-dollar rate the company used in its own filing.
Once formed, Sony Financial Group will hold the new trust company entirely through Sony Bank, taking 100% of its voting rights, all of it indirect. The filing describes Connectia Trust's line of work only as "trust company operations and related businesses," without listing specific products, client segments, or whether it will serve retail or institutional customers. Formation is planned for July 2026.
| Item | Detail |
|---|---|
| Parent chain | Sony Financial Group Inc., via Sony Bank Co., Ltd. |
| Initial capital | $40 million (about ¥6.4bn at ¥160/$1) |
| Business | Trust company operations and related businesses |
| Ownership after formation | 100% (indirect) |
| Planned formation date | July 2026 |
| Representative | Not yet named |
The move surfaced through an extraordinary report rather than a routine subsidiary notice because Connectia Trust's capital exceeds one-tenth of Sony Financial Group's own capital. That threshold makes the new entity a "specified subsidiary" under Japan's Financial Instruments and Exchange Act, which obliges Sony Financial Group to disclose the move to the Kanto Local Finance Bureau regardless of how large or small Connectia Trust's eventual business turns out to be.
Two details remain open. The filing lists no representative for Connectia Trust, marking that post as undetermined. And Sony Bank has flagged that it may raise the new company's capital in stages after the initial $40 million injection, without saying by how much or on what schedule. For a bank whose US regulatory footprint has so far been limited to this single charter, the size of those follow-on commitments will say more about its American ambitions than the founding filing does.