US EditionBREAKING NEWS: Sony posts record net profit of 1.14 tril. yen in FY 2024
- For the fiscal year ending March 31, 2025, Sony Group Corp. Achieved its highest-ever net profit of 1.14 trillion yen.
- This profit increase of 17.6% followed strong gaming business performance, despite a 0.5% sales decline mainly due to reduced financial segment revenue.
- Sony also announced a 250 billion yen share buyback and plans to partially spin off its financial unit, distributing over 80% of common stock shares to Sony shareholders.
- The company forecasts fiscal 2025 operating profit of 1.28 trillion yen, adjusting for a possible 100 billion yen impact from U.S. Tariffs while considering multiple future scenarios.
- These results suggest continued strength in Sony’s core gaming segment but also indicate risks from geopolitical trade tensions and expected sales declines in the current fiscal year.
12 Articles
12 Articles
Sony announces record surge in profits for Q1. Here’s how they did it
Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations.Its chief executive, Hiroki Totoki, outlined the company’s strategy for growth Wednesday, stressing that collaboration among Sony Corp.’s various segments, like animation and music, were crucial to deliver the “kando,” or emotional engagement, that lies at the core of the comp…
Sony Group logs record net profit for 2024
TOKYO, Japan — Sony Group Corp. on Wednesday posted a record consolidated net profit of 1,141.6 billion yen ($7.7 billion) for fiscal 2024, up 17.6 percent from the preceding year, thanks mainly to the strength of its mainstay gaming business. Its semiconductor operations were brisk as well, according to the Japanese electronics and entertainment giant.
Sony’s global music rights operation generated $2.5b in Q1 2025
Sony’s global music rights business – spanning recorded music and music publishing – generated USD $2.54 billion in revenue during the three months to the end of March 2025. This figure is based on Music Business Worldwide’s analysis of Sony Group Corporation’s calendar Q1 2025 (fiscal Q4 2024) results, announced by the Japanese company on 14 May. The $2.54 billion figure represents a 1.5% year-on-year increase (compared to calendar Q1 2024), ba…
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