Japan's Sony Reports Declining Profit but Expects a Record for This Year
Sony said image sensors, music and games helped offset higher chip costs and one-time charges, while it plans to buy back up to 500 billion yen in shares.
- On Friday, Sony Group Corp. projected a record 1.16 trillion yen profit for the current fiscal year, representing a 13% jump from the year that just ended.
- Tokyo-Based Sony saw annual profit fall 3.4% to 1.03 trillion yen as rising computer chip costs and the termination of an electric vehicle plan with Honda Motor pressured earnings.
- Annual sales rose 3.7% to nearly 12.5 trillion yen, driven by hit films including the latest Demon Slayer series and Kokuho, plus strong demand for games and network services.
- Management announced plans to spend up to 500 billion yen repurchasing up to 230 million shares while counting on upcoming films Spider-Man: Brand New Day and Jumanji: Open World to boost earnings.
- Sony stock gained 1% on Friday to trade at about 3,000 yen, reflecting investor confidence in the company's entertainment portfolio anchored by musical artists Bad Bunny and Sza.
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Fourth-quarter revenue grew 8.3% to 3.036 trillion yen.
The Japanese electronics company Sony expects sales to fall in its key video game division in the current financial year. Revenues are expected to fall by six percent to 4.4 trillion yen (23.9 billion euros), the company announced on Friday. However, the profit is expected to increase by 30 percent due to depreciation in the previous year. PlayStation5 (PS5) sales fell by 46 percent to 1.5 million units in the fourth quarter of 2025/26. Sony is …
Although there was a fall in Sony's net profits in fiscal year 2025, the company had a growth in turnover, mainly due to the strong performance of music and image divisions.
Sony Expects Gaming Sales Decline as PS5 Ages, but Profit to Rise
Sony forecast on Friday that annual sales at its gaming division would fall 6 per cent to 4.42 trillion yen (around $28 billion), as declining PlayStation 5 hardware sales and rising memory chip costs continue to weigh on the business. The Japanese entertainment and technology group nevertheless expects gaming profits to increase by 30 per...
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