Sony has formed a new company that will create mobile games for iOS and Android devices using the intellectual property from its PlayStation characters and titles.

The new business called ForwardWorks Corporation will begin operation from April 1, Sony said in a release on Thursday.

"ForwardWorks will leverage the intellectual property of the numerous PlayStation dedicated software titles and its gaming characters as well as the knowledge and know-how of gaming development expertise which was acquired over the years with PlayStation business to provide gaming application optimized for smart devices including smartphones to users in Japan and Asia," the statement said.

Sony will be releasing "fully-fledged" game titles but did not give any timeline. The move is part of a push by Sony to attract more users across different platforms into its ecosystem, and therefore sell them more software and services.