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    Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time
    4 Days, 3 Hours ago


    Tags:  Statistics  -  Financial-Report  -  Sony

    On Wednesday, April 28, 2021, Sony released its financial report for the first quarter of 2021 - corresponding to the fourth quarter of the company's fiscal year - along with a report for the entire fiscal year 2020. According to the report, Sony's total sales in the last quarter, with an annual growth of 27%, amounted to 2,220.4 billion yen. Also, Sony's total sales in fiscal year 2020 - which began on April 1, 2020 and ended on March 31, 2021 - amounted to 8,999.4 billion yen, an increase of 9% over fiscal year 2019. Sales of more than 7.8 million PlayStation 5s in less than 5 months are among Sony's most significant achievements in a recent report.

     Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    Major statistics presented in the recent Sony report indicate good company performance and growth . Sony's operating profit for the quarter ended March 2021 was 66.5 billion yen, up from a staggering 88% year-on-year. Operating profit for the fiscal year 2020 also reached 971.9 billion yen, with an annual growth of 15%. The first profit of the mobile sector after a long time is another interesting point of this report. The following is a look at the performance of individual parts of Sony in fiscal year 2020:

    As always, the gaming and network services sector has generated the most revenue for Sony. According to a recent report, Sony sold 2,656.3 billion yen in the fiscal year 2020, up 34 percent from fiscal 2019 sales. Sony attributes this growth to increased sales of gaming software (including add-ons) as well as successful sales of the PlayStation 5. The PlayStation 5 was released on November 12, 2020 in the United States, Japan, Canada, Australia, New Zealand, and South Korea, and will be available in other markets a week later.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    To buy the PlayStation 5 console above current inventory, Sony has sold more than 7.8 million PlayStation 5 devices since its launch in November last year until the end of March 2021, of which 3.3 million consoles were imported in the first quarter of 2021. They have been marketed. According to some analysts, this means that the PlayStation 5 has overtaken the previous model (the PS4), as sales of the PlayStation 4 (after its first release) were reported at around 7.6 million units during the same period. Not bad to know, PS5 consoles have been sold for less than the cost of each device, which is normal in the early months of console release.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time Sony PS5

    It should be noted, the PS4 console continues to sell strongly. Sony sold about 1 million units of the console in the quarter to March 2021 and 5.7 million units in the fiscal year 2020 as a whole. It is interesting to know that since the launch of this product, more than 100 million units have been sold worldwide, and the PS5 is working hard to reach this figure.

    In fiscal year 2020, Sony sold a total of 338.9 million games (including packaged games and digital games) for PS4 and PS5, of which 58.4 million (about 17%) were produced by Sony Studios have been. About 220 million of these games (65% of the total) were sold in digital format with a download link, which is an increase over the number of digital games sold in fiscal year 2019 (which accounted for 53% of all Sony games). .

    Sony estimates that games produced in Sony studios are expected to generate higher revenue in fiscal year 2021. In fiscal 2020, we saw the production of successful games including The Last of Us Part II, Ghost of Tsushima and Spider-Man Miles Morales. Now, new games like Horizon Forbidden West and God of War are expected to be big hits in fiscal year 2021. Not to mention that sales and operating profit of the gaming and network services sector in the quarter ending March 2021 were 660.3 and 33.0 billion yen, respectively.

    After games, Sony's second-largest source of revenue for fiscal 2020 is electronics products and solutions. Sony's sales of 1.920.7 billion yen in this segment during the fiscal year 2020, which, of course, decreased by 4% compared to the previous year. The reason for this decline should be sought in the decline in sales of digital cameras and other audio and video products of this company (with the exception of sales of Sony TVs, which has increased). It is worth mentioning that the operating profit of electronic products and solutions in fiscal year 2020 increased by 51.9 billion yen compared to the previous year, amounting to 139.2 billion yen.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    The business performance results of Sony smartphones have been reported for some time in this section (electronic products and solutions). During fiscal 2020, Sony sold 2.9 million smartphones, down slightly from 3.2 million smartphones in fiscal 2019. Note that since the Sony fiscal year starts in April, the third quarter of the Sony fiscal year will be in line with the end of the year. In the third quarter of fiscal 2020, Sony sales of the company's smartphones fell from 1.3 million units in the same period last year to 1 million units.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time Sony Xperia 1 II

    In the fourth quarter of the fiscal year (corresponding to January, February and March 2021), sales of Sony smartphones - as in the same period last year - did not exceed 400,000 units. But the good news is that the operating income of the smartphone business in the quarter ending March 2021 (equivalent to 74,150 million yen) was higher than the operating income of the same quarter the previous year (equivalent to 70,380 million yen). This means that the average selling price (ASP) of Sony smartphones has increased in recent seasons.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    Another positive point is that Sony continues its efforts to reduce operating costs in the mobile sector. As a result of these measures, Sony managed to make a profit of 27,671 million yen in the quarter ending March 2021 from its smartphone business. In the quarter ending March 2020, it suffered a loss of 21,057 yen in the same segment. This reduced the operating losses of the electronics products and solutions sector in the quarter ending March 2021, from 59.5 billion yen in the same period last year to 11.5 billion yen. Financial services have always been one of Sony's most lucrative sectors. Thanks to the increase in Sony Life insurance revenue, the increase in profitability from investing in separate accounts, as well as the increase in the value of Sony Bank shares, the income of Sony Financial Services in fiscal year 2020 reached 28.6 billion yen with an annual growth of 28%. Similarly, the operating profit of this sector in fiscal year 2020 was reported at 164.6 billion yen, which is 35 billion yen higher than the operating profit for fiscal year 2019. But the jump in revenue and profits in this sector in the quarter ending March 2021 is more significant. During this period, financial services revenue increased from 186.4 billion yen to 422.9 billion yen and operating profit from 12.1 billion yen to 27.1 billion yen.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    Among the areas that have experienced a decline in revenue and profits, we can mention the Sony Sensory and Visual Solutions section. Sony's video sensor business in fiscal 2020 failed to meet the Japanese company's expectations. Due to US government restrictions on the export of these products to Huawei, Sony was forced to reduce the office price of part of its video sensor inventory - worth 7.2 billion yen. The decline in sales of video sensors for use in digital cameras, as well as the negative impact of the exchange rate, further reduced sales in the sector to 1.012.5 billion yen in fiscal year 2020 with a 5% annual decline. The operating profit of this sector in the mentioned period was also reported as 145.9 billion yen, which indicates a significant decrease compared to the operating profit of the fiscal year 2019 (ie 235.6 billion yen).

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    The spread of the corona virus continues to affect Sony Pictures' business. Due to the role of COVID-19 in declining movie revenues as well as declining sales of Sony Pictures TV productions, the sector's revenue fell by a significant drop from 1,011.9 billion yen in fiscal year 2019 to 758.8 billion yen in fiscal year 2020. Interestingly, Sony Pictures' operating profit increased from 68.2 billion yen to 8.5 billion yen due to lower advertising costs as well as increased sales of home entertainment products.

     Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time

    Unlike Sony Pictures, in the music section There is no sign of decline. Thanks to increased revenue from streaming music services for Recorded Music, as well as increased sales in the anime business - including works such as Demon Slayer, Kimetsu no Yaiba and the Movie: Mugen Train - Music sales in fiscal 2020 grew by 11% year-on-year. Amounted to 939.9 billion yen. Similarly, the operating profit of this sector increased from 142.3 billion yen in fiscal year 2019 to 188.1 billion yen in fiscal year 2020.

    https://mobiletony.com Sony Financial Report for the quarter ending March 2021 and the entire fiscal year 2020 - the first mobile profit in a long time Source: Sony





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