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Sony will sell all of the shares it currently owns in mobile portal and online game provider DeNA to Nomura Securities, Reuters reports.
According to Sony's statement, the company expects to gain 40.9 billion yen ($437 million) in operating income in the fourth quarter of the fiscal year.
The sale is the latest in a financial roller coaster for Sony, which began last year. In June 2012, the company considered selling its New York City headquarters to soften an annual loss of $5.7 million. In February, Sony disclosed a third quarter loss for $115 million, followed by the sale of its Osaki office building in Tokyo for $1.2 billion as an effort "to strengthen its corporate structure."
