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Presentation materials for financial results6758SONY GROUP CORPORATIONElectrical Equipment and Precision Instruments

FY2025 Consolidated Financial Results Overview (Earnings Presentation Materials)

In FY2025, revenue and operating income increased on a continuing-operations basis, while net income attributable to Sony Corporation stockholders declined. For FY2026, revenue is expected to decrease, but operating income and net income are projected to increase.

Worth reading
60In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1709
Hundreds of millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFY2025 (the year ended 31 March 2026)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales124,796 Hundreds of millions of yen+4.0%
Operating profit14,475 Hundreds of millions of yen+13.0%
Net income10,309 Hundreds of millions of yen-3.0%
Operating profit margin11.6 %
Results for the three months of the current quarter
Net Sales
30,364 Hundreds of millions of yen+8.0%
Operating profit
1,635 Hundreds of millions of yen-24.0%
Operating profit margin
5.4 %
yoy_change_points-2.3
Profit before tax
1,238 Hundreds of millions of yen-45.0%
Net income
831 Hundreds of millions of yen-63.0%
Full-year earnings forecast
Target fiscal yearFiscal 2026
Net Sales
123,000 Hundreds of millions of yen
Operating profit
16,000 Hundreds of millions of yen
Profit before tax
16,150 Hundreds of millions of yen
Net income attributable to the Company's shareholders
11,600 Hundreds of millions of yen
Operating cash flow
15,000 Hundreds of millions of yen
Operating profit margin
13 %
Annual Dividend
¥35
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Improvement driven primarily by the G&NS and I&SS businesses990 Hundreds of millions of yen
  • Impairment of Bungie's intangible assets and other assets-886 Hundreds of millions of yen
  • Decrease in the revaluation gain associated with the additional acquisition of an interest in Peanuts Holdings LLC-96 Hundreds of millions of yen
  • Impairment of assets related to Pixomondo and costs associated with winding down the business-271 Hundreds of millions of yen
  • Impairment of I&SS-related property, plant and equipment and an increase in losses on the sale of equity interests-212 Hundreds of millions of yen
  • Additional losses associated with the cancellation of the launch of Sony Honda Mobility's EV model and the scaling back of the business-449 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • ¥/US$ exchange rate150 approximately ¥
  • ¥/€ exchange rate173 approximately ¥
New initiatives
  • Strategic partnership with TCL Electronics Holdings Limited and its subsidiaries in the home entertainment business
  • Investment in next-generation platforms
  • Measures to review low-profitability businesses undertaken in FY25 Q4
  • Scheduled FY2026 releases of Spider-Man: Brand New Day and Jumanji: Open World
Key KPIsA metric the company considers important as a management benchmark.
  • Monthly active PlayStation users12,500 10,000 accounts
    Year on year against the same period last year+1.0%
  • Total PlayStation playtime (FY25 Q4)1 % increase
    Year on year against the same period last year+1.0%
  • Music recorded-music streaming revenue growth (on a U.S. dollar basis)9 %
    Year on year against the same period last year+9.0%
  • Music publishing streaming revenue growth (on a U.S. dollar basis)14 %
    Year on year against the same period last year+14.0%
Segment results
G&NS
Net Sales
46,857 Hundreds of millions of yen
yoy_change156
Operating profit
4,633 Hundreds of millions of yen
yoy_change484
Music
Net Sales
21,201 Hundreds of millions of yen
yoy_change2,775
Operating profit
4,470 Hundreds of millions of yen
yoy_change897
Films
Net Sales
14,993 Hundreds of millions of yen
yoy_change-67
Operating profit
1,049 Hundreds of millions of yen
yoy_change-124
ET&S
Net Sales
22,605 Hundreds of millions of yen
yoy_change-1,487
Operating profit
1,586 Hundreds of millions of yen
yoy_change-323
I&SS
Net Sales
21,515 Hundreds of millions of yen
yoy_change3,525
Operating profit
3,573 Hundreds of millions of yen
yoy_change962
Other
Net Sales
891 Hundreds of millions of yen
yoy_change-73
Operating profit
-746 Hundreds of millions of yen
yoy_change-567
Corporate and eliminations
Net Sales
-3,266 Hundreds of millions of yen
yoy_change-383
Operating profit
-89 Hundreds of millions of yen
yoy_change379
Medium-term management plan targets
Plan nameFifth Medium-Term Management Plan
Period CoveredFY2024–FY2026
Compound annual growth rate of operating profit10% or higher
Three-year cumulative operating margin10% or higher
Comparison with results and outlook
Average annual operating income growth outlook16%
Three-year cumulative operating margin outlook11.7%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
  • 300 Approximately ¥100 million
    DetailsImpact of higher memory prices on FY2026 operating income
  • 200 Hundreds of millions of yen
    DetailsProject execution, system migration and personnel-related costs in preparation for implementing the partnership with TCL
Capital expenditures
1.8 trillion yen latest outlook under the Fifth Mid-Term Corporate Strategy
Annual Dividend
¥25
Interim12.5
End of period12.5
Year on year5
Acquisition of treasury shares
An increase in the amount allocated for share repurchases was mentioned. The repurchase authorization amount, number of shares and period were not disclosed.
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFY2025 (the year ended 31 March 2026)
Net Sales124,796 Hundreds of millions of yen (YoY +4.0%)
Operating profit14,475 Hundreds of millions of yen (YoY +13.0%)
Net income10,309 Hundreds of millions of yen (YoY -3.0%)
Operating profit margin11.6 %
Results for the three months of the current quarterNet Sales 30,364 Hundreds of millions of yen (YoY +8.0%) / Operating profit 1,635 Hundreds of millions of yen (YoY -24.0%) / Operating profit margin 5.4 % / Profit before tax 1,238 Hundreds of millions of yen (YoY -45.0%) / Net income 831 Hundreds of millions of yen (YoY -63.0%)
Full-year earnings forecastTarget fiscal year Fiscal 2026 / Net Sales 123,000 Hundreds of millions of yen / Operating profit 16,000 Hundreds of millions of yen / Profit before tax 16,150 Hundreds of millions of yen / Net income attributable to the Company's shareholders 11,600 Hundreds of millions of yen / Operating cash flow 15,000 Hundreds of millions of yen / Operating profit margin 13 % / Annual Dividend ¥35
Segment resultsG&NS Net Sales 46,857 Hundreds of millions of yen / Operating profit 4,633 Hundreds of millions of yen / Music Net Sales 21,201 Hundreds of millions of yen / Operating profit 4,470 Hundreds of millions of yen / Films Net Sales 14,993 Hundreds of millions of yen / Operating profit 1,049 Hundreds of millions of yen / ET&S Net Sales 22,605 Hundreds of millions of yen / Operating profit 1,586 Hundreds of millions of yen / I&SS Net Sales 21,515 Hundreds of millions of yen / Operating profit 3,573 Hundreds of millions of yen / Other Net Sales 891 Hundreds of millions of yen / Operating profit -746 Hundreds of millions of yen / Corporate and eliminations Net Sales -3,266 Hundreds of millions of yen / Operating profit -89 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeFactors Improvement driven primarily by the G&NS and I&SS businesses / Amount 990 Hundreds of millions of yen, Factors Impairment of Bungie's intangible assets and other assets / Amount -886 Hundreds of millions of yen, Factors Decrease in the revaluation gain associated with the additional acquisition of an interest in Peanuts Holdings LLC / Amount -96 Hundreds of millions of yen, Factors Impairment of assets related to Pixomondo and costs associated with winding down the business / Amount -271 Hundreds of millions of yen, Factors Impairment of I&SS-related property, plant and equipment and an increase in losses on the sale of equity interests / Amount -212 Hundreds of millions of yen, Factors Additional losses associated with the cancellation of the launch of Sony Honda Mobility's EV model and the scaling back of the business / Amount -449 Hundreds of millions of yen
Key KPIsIndicator name Monthly active PlayStation users / Value 12,500 10,000 accounts / Year on year against the same period last year 1 10,000 accounts, Indicator name Total PlayStation playtime (FY25 Q4) / Value 1 % increase / Year on year against the same period last year 1 % increase, Indicator name Music recorded-music streaming revenue growth (on a U.S. dollar basis) / Value 9 % / Year on year against the same period last year 9 %, Indicator name Music publishing streaming revenue growth (on a U.S. dollar basis) / Value 14 % / Year on year against the same period last year 14 %
Assumptions Underlying the Business OutlookItem ¥/US$ exchange rate / Value 150 approximately ¥, Item ¥/€ exchange rate / Value 173 approximately ¥
Risk amount incorporated into the outlookAmount 300 Approximately ¥100 million / Details Impact of higher memory prices on FY2026 operating income, Amount 200 Hundreds of millions of yen / Details Project execution, system migration and personnel-related costs in preparation for implementing the partnership with TCL
Medium-term management plan targetsPlan name Fifth Medium-Term Management Plan / Period Covered FY2024–FY2026 / Compound annual growth rate of operating profit 10% or higher / Three-year cumulative operating margin 10% or higher / Comparison with results and outlook Average annual operating income growth outlook 16% / Three-year cumulative operating margin outlook 11.7%
Annual Dividend¥25
Acquisition of treasury sharesAn increase in the amount allocated for share repurchases was mentioned. The repurchase authorization amount, number of shares and period were not disclosed.
Capital expenditures1.8 trillion yen (latest outlook under the Fifth Mid-Term Corporate Strategy)
New initiativesStrategic partnership with TCL Electronics Holdings Limited and its subsidiaries in the home entertainment business, Investment in next-generation platforms, Measures to review low-profitability businesses undertaken in FY25 Q4, Scheduled FY2026 releases of Spider-Man: Brand New Day and Jumanji: Open World
Items this document does not state (13)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesFinancial targetsPayout ratioOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The increase in operating income in FY2025 was mainly attributable to higher income in the I&SS and Music segments. The decline in net income was due to the reversal of the impact of a capital repayment from a subsidiary and lower tax expenses associated with the dissolution of a subsidiary in the previous fiscal year, as well as lower finance income. The increase in operating income projected for FY2026 is expected to be driven by higher income in the G&NS segment and the absence of the impairment loss recorded for Bungie, among other factors.

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FY2025 Consolidated Financial Results Overview (Earnings Presentation Materials) | SONY GROUP CORPORATION (6758) timely disclosure | Komori