Sony Pictures Entertainment experienced a significant jump of 70% in its operating profit during the quarter ending on March 31, as reported in financial results disclosed on Tuesday evening (Pacific Time) by Sony Corporation.
In the recent quarter, Sony Pictures reported an increase of $146 million in operating income compared to the same period last year, totaling $354 million. Meanwhile, their revenue for this period remained relatively stable at approximately $2.7 billion compared to the previous year.
In their financial report (measured in Yen), Sony Corporation experienced an increase in operational earnings but a decrease in total sales. Notably, Sony’s gaming division, which encompasses the PlayStation brand, suffered a slight drop in both operating profit and revenue during the quarter that corresponds to Sony’s fiscal year end.
Executives at Sony Corporation will discuss their Q4 financial results during a call with analysts in Tokyo on Wednesday afternoon. The Q4 report also reveals that Sony intends to separate its Sony Financial Group Inc., effective October 1st, and distribute most of the group’s common stock (under the symbol SFGI) to Sony shareholders as a dividend.
In April, Sony Corp. passed the torch to a new CEO, Hiroki Totoki.
Sony’s financial statement acknowledged the significant consequences of President Donald Trump’s series of tariffs, which were initially announced on April 2 as America’s “Day of Liberation.” The repercussions of Trump’s efforts to alter global trade dynamics are evident in standard language found within Sony’s report.
The potential effect of the recent shifts in U.S. tariff regulations, as currently anticipated, is mirrored in our projected earnings – operating income, pre-tax income, and net income for Sony Group Corporation shareholders. This projection is computed under the conditions that the reciprocal tariff rates declared on April 2, 2025 will be implemented following the conclusion of the temporary exemption announced on April 9, and that other tariffs will stay constant from the end of April. The influence of the partial lifting and temporary halt of the additional and reciprocal tariffs between the U.S. and China, announced on May 12, has not been factored into these assumptions. The actual impact could differ substantially from this prediction if future tariff policies or other factors undergo modification.
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2025-05-14 06:54