Sony Group raised its full-year net profit forecast by 9.9% in its earnings report and added a record-high full-year earnings forecast. Net profit for the six months ended September rose sharply year on year, while its second-half outlook was also raised.
Sony Group released its financial results, raising its forecast for full-year consolidated net profit from its previous estimate and adding a record-high full-year earnings forecast. Net profit for the April-September period was ¥791.7 billion, up 38.8% year on year.
At the same time, the company raised its full-year net profit forecast from ¥1.21 trillion to ¥1.33 trillion, with the growth rate expected to expand to 29.0%. Consolidated net profit for the second half is expected to be ¥538.2 billion, representing a 16.9% increase from the same period a year earlier.
For the latest three-month period, net profit for the July-September quarter was ¥449.6 billion, up 44.4% year on year. Revenue was approximately ¥5.9172 trillion, while the operating margin improved to 18.1%.
The revision to the full-year earnings forecast announced with the financial results is based on Sony Group’s IFRS disclosures. The figures may be revised again depending on additional information and changes to future disclosures.