US Edition'Demon Slayer' Helps Sony Hike Profit Forecasts
- For the quarter ended Sept. 30, Sony Group Corporation raised its annual earnings forecast for the fiscal year ending March 2026 after posting double-digit profit growth, now expecting full-year sales of JPY12 trillion.
- Driven by its music and imaging units, Sony's gains include a 21% rise in Music sales to JPY542.4 billion and a 15% increase in Imaging & Sensing Solutions sales, along with over 70% growth in Visual Media & Platform revenue.
- Sony reported operating income of JPY429 billion for the quarter ended Sept. 30, and net income attributable to shareholders climbed 7% to JPY311.4 billion.
- The company announced a share buyback of up to 100 billion yen and maintained dividends totaling JPY25 per share, while completing the spin-off of Sony Financial Group Inc. effective Oct. 1.
- Shifts in profit composition suggest longer-term synergy as Visual Media & Platform's profit rose to just under 30% of Sony Music's total while Game & Network Services saw a 13% operating income decline due to Bungie's 'Destiny 2' impairment charges.
51 Articles
51 Articles
Sony Music’s Quarterly Sales Surge 21% on Streaming, ‘Demon Slayer’ Success
Sony Music reported record-high quarterly earnings on Tuesday and its Tokyo-based parent company raised its overall annual earnings forecast, as rising streaming income and the success of the anime series Demon Slayer: Kimetsu no Yaiba Infinity Castle made the music segment a standout success for the Japanese conglomerate. Overall sales for Sony Music rose 21% from to 542.4 billion Japanese yen ($3.65 billion) and operating income rose 28% to …
Sony Posts Q2 Profit of $2 Billion as 'Demon Slayer: Infinity Castle' Soared Over the Summer
Sony saw its fiscal second-quarter profit jump 7% to $2 billion thanks largely to the success of its Playstation gaming unit, but adding a boost has been the success of “Demon Slayer: Infinity Castle,” which Crunchyroll and Sony distribute globally. The Japanese conglomerate on Monday night also posted revenue of $20.2 billion, up 5% from the year earlier. The company’s revenue growth was driven by its Playstation, music (also helped by “Demon S…
Sony Pictures Q2 Profit Dips To $93M, But ‘Demon Slayer’ Looms Large As Corp Raises Overall Full-Year Forecast
Sony Pictures Entertainment generated $2.3 billion in revenues for the second quarter, off a slight 2% versus the same period last year, while profits were down 25% to $93 million and adjusted OIBDA (Operating Income Before Depreciation and Amortization) was -16% at $183 million. The year-on-year decreases in the three-month quarter which ended on September […]
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