2017 and included subsidiaries such as Wakanim (absorbing into Crunchyroll itself) and Madman Anime (to be rebranded as Crunchyroll Pty. Ltd.) In December 2020, Funimation announced that it would buy AT&T's animation business Crunchyroll for $1.175 billion, which would help the company to compete more globally with entertainment giants such as Netflix. This acquisition was completed in August 2021. Financial Services Sony Financial Group is a holding company for Sony's financial services business which includes Sony Life (in Japan and the Philippines), Sony Assurance, Sony Bank, etc. The unit proved to be the most profitable of Sony's businesses in FY 2005, earning $1.7 billion in profit. Sony Financial's low fees have aided the unit's popularity while threatening Sony's premium brand name. Others Electric vehicles and batteries A company behind the commercialization of lithium-ion battery, Sony had been exploring the possibility to manufacture the batteries for electric vehicles. In 2014, Sony participated within NRG Energy eVgo Ready for Electric Vehicle (REV) program, for EV charging parking lots. However, the company then decided to sell its lithium-ion battery business to Murata Manufacturing in 2016. In 2015, Sony invested $842 thousand in ZMP INC., drawing speculations that it is contemplating developing self-driving cars. In January 2020, Sony unveiled a concept electric car at the Consumer Electronics Show, named Vision-S, designed in collaboration with components manufacturer Magna International. At the occasion, Sony also stated its goal of developing technology for the automotive sector, especially concerning autonomous driving, sensors, and in-car entertainment. In 2022, Sony Group and Honda launched a joint venture for their electric vehicle partnership, Sony Honda Mobility (SHM), which would deliver its first electric vehicles by 2026 and sell them online, starting in the United States and Japan. The joint venture announced their new "Afeela" brand and its first prototype model at the CES 2023. Corporate information Institutional ownership Sony is a kabushiki gaisha registered to the Tokyo Stock Exchange in Japan and the New York Stock Exchange for overseas trading. , the largest shareholders of Sony are as follows: Citibank (as depositary bank for American depositary receipt holders) (9.4%) The Master Trust Bank of Japan–nominated investment trusts (main account) (8.2%) Japan Trustee Services Bank–nominated investment trusts Main trust account (6.1%) Trust account 7 (2.4%) Trust account 5 (2.1%) JPMorgan Chase Bank 385632 (3.2%) Finances As of July 2020, Sony, one of the largest Japanese companies by market capitalization and operating profit,