I don't think it exists in the same way as before (as a division), but perhaps as an umbrella term to refer to all the production teams that were previously under it's control.
For further evidence that something has changed, look at the job title of Ippei Haino (灰野一平):
In 2016 Sony listed this as
Sony Music Labels, Sony Music Records, gr8!records Producer
(ソニー・ミュージックレーベルズ ソニー・ミュージックレコーズ gr8!records プロデューサー)
https://www.sme.co.jp/pressrelease/n...EWS000937.html
In 2019 they listed it as
Sony Music Labels Inc., Label Group 1, gr8!records Production Department, Chief Producer
(株式会社ソニー・ミュージックレーベルズ 第1レーベルグループ gr8!records制作部 チーフプロデューサー)
http://webcache.googleusercontent.co...nen_haino.html
Or how in 2020 Sony Music Records appears to have been replaced with Label Group 1 in MASTERSIX FOUNDATION's mailing address:
https://www.sonymusic.co.jp/artist/L...na/info/514818
Sony Music Label's production teams currently seem to be arranged in this manner;
Label Group 1
- gr8!records (see above)
- MASTERSIX FOUNDATION (see above)
- presumably the rest of Sony Music Records
- presumably SME Records
Label Group 2
- SACRA MUSIC (
source)
Label Group 3
- Ariola Japan (
source)
- onenation (
source)
- Sony Music Associated Records (
source)
- Epic Records Japan (
source)
- Ki/oon Music (
source; see last talk of 1/29)