The following is a summary of the Sony Group Corporation (SONY) Q4 2024 Earnings Call Transcript:
Financial Performance:
Sony reported record high consolidated sales for FY '23 at JPY13,020.8 billion, operating income at JPY1,208.8 billion and net income at JPY970.6 billion.
The company predicts a rise in operating income to JPY1,275 billion, and net income to JPY925 billion for FY '24.
The G&NS segment had a 17% increase in sales, to JPY4,267.7 billion.
The Music segment increased by 17% in sales to JPY1,690 billion.
The Pictures segment saw a rise in sales by 9%, to JPY1,493.1 billion.
The I&SS segment hit a 14% increase in sales, hitting JPY1,602.7 billion.
Sony plans to increase shareholder returns and have a total payout ratio of approximately 40% in FY 2026.
Sony will implement share buybacks worth JPY250 billion for this fiscal year.
Business Progress:
Sony sold 20.8 million units of PS5 in FY '23 and expects to sell approximately 18 million units in FY '24.
Successful release of the game 'Hell Divest 2' significantly boosted the previous quarter's profits.
Upcoming releases in the Music and Pictures segments are expected to further drive sales.
Sony expects the I&SS segment to achieve record highs in sales and operating income in FY '24.
Sony expects to expand its shares investor base and plans a stock split in 2024.
It aims to grow its image sensor business due to increasing demand for larger-sized main and wide-angle cameras.
Sony is making significant strategic investments in the game, music, and pictures segments to drive growth and innovation.
With a new organizational structure in place, Sony looks forward to contributing significantly to business growth and profit margin increments.
More details: Sony IR
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