Sony CEO Hiroki Totoki has sold more than half of his personal stake in the company, according to newly disclosed SEC filings, just days after PlayStation announced it would stop manufacturing physical game discs beginning in 2028.
While there is no evidence linking the stock sale to the company’s digital-only strategy, the timing has drawn attention as Sony continues to face criticism from fans who oppose the move away from physical media.
The filings show Totoki sold 225,000 Sony shares on June 3, 2026, reducing his holdings by roughly 56%. At the reported share price of $21.02, the transaction was worth approximately $4.7 million, leaving the Sony CEO with 173,250 shares.
SEC filings show major stock sale after PlayStation announcement
The stock sale occurred just two days after PlayStation confirmed that it plans to end physical disc production in 2028, a decision that sparked widespread discussion across the gaming industry.
According to the same SEC filings, Sony Chief Strategy Officer Toshimoto Mitomo also sold 25,000 shares, representing about 18% of his holdings, for approximately $525,500.
Sony has not publicly commented on either the executive stock sales or speculation surrounding their timing. Meanwhile, the company’s stock price has remained stable, trading slightly higher in early July than it was at the time of the transactions.
PlayStation’s decision to transition to a digital-only future has generated strong reactions from collectors and physical media supporters. Developers including Larian Studios, the team behind Baldur’s Gate 3, have publicly expressed support for preserving physical releases, while other studios have acknowledged that profit margins on boxed games continue to shrink.
Despite online backlash, several industry analysts believe Sony’s long-term financial outlook is unlikely to be significantly affected. Digital game sales typically offer higher profit margins because publishers avoid manufacturing, shipping, and retail distribution costs.
Fan opposition nevertheless remains visible. A Change.org petition urging Sony to reconsider its decision has surpassed 237,000 signatures, while many PlayStation users continue voicing concerns across social media.
