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@ratacit But it isn't mention here in their forums, so I guess there won't be OIS in Z5 series. Even I have read somewhere that it will have OIS but that was rumor before launch.
I found a link worth sharing
http://www.pocket-lint.com/news/135084-sony-xperia-z5-camera-sample-images-and-new-tech-explained
Enhanced optical image stabilisation and SteadyShot
Of course one of the biggest factors in achieving better low light shots might be image stabilisation. In the new camera on the Xperia Z5, Sony has made a number of changes to the image stabilisation system.
There's a new closed-loop actuator in the camera that controls the lens position. Essentially, this is adding a feedback loop to the previous open-loop actuator, aiming to make it more accurate. Sony claims that the new unit deals much better with controlling motion.
SteadyShot is applied to video, this time using digital stabilisation to analyse the motion around frame edges and working in tandem with the gyro in the handset to keep things steady.
We've seen sample video captured on the Xperia Z5 attached to a bike, and it removed much more of the vibration and wobble that you'd get on the Xperia Z3+, so things are looking good.