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Sony Music Japan to sell 2 properties

Sony Music Entertainment (Japan) Inc. entered into definitive agreements to sell SME Ichigaya Building at Shinjuku-ku, Tokyo, the SME Nogizaka Building at Minato-ku, Tokyo, and their related premises to an unspecified buyer, the company's parent Sony Corp. said Feb. 15.

The Japanese electronics company expects to gain about ¥10 billion from the sale in operating profit in the fourth quarter of fiscal year ending March 31, 2018, the statement added.

As of Feb. 15, US$1 was equivalent to 106.32 Japanese yen.