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  • https://mobiletony.com - Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth

    Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth
    26 Days, 10 Hours ago


    Tags:  Statistics  -  Financial-Report  -  Sony

    On Thursday, October 28, 2021, Sony released its report for the second quarter of the fiscal year ending September 30 (corresponding to the third quarter of 2021). According to the report, the company's revenue for the quarter reached 2, 2.369.4 billion Japanese yen (compared to the exchange rate at the time of the report close to $ 21.532 billion), up 12.6 percent from a year earlier but still unable to estimate Zacks It has not gone beyond. Sony reported a net profit of 213.1 billion yen ($ 1.935 billion) this season, down 53.5 percent from a year earlier due to financial and tax expenses, but still 7 percent higher than Zacks estimated.

    https://mobiletony.com Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth

    Sony's annual revenue growth of 12.6% this time to Positive performance has been attributed to the company's four key subsidiaries: Game & Network Services (G&NS), Sony Pictures, Music and Electronic Products and Solutions (or EP&S). This revenue, despite significant growth, is still lower than the market forecast of $ 21.958 billion.

    Sony's operating profit during this period also saw a surprising growth of 1%, although the costs of sales growth of the PlayStation 5 console put pressure on the company's gross profit margin. From July to September 2021, Sony achieved operating profit of 318.5 billion yen, which is much higher than the average operating profit of 222 billion yen forecast by six analysts (collected by Refinitiv). Sony, of course, is optimistic about the future, and despite its lower profitability in the key gaming sector, it has raised its estimate for year-over-year revenue by 6%, forecasting growth in film, music and electronics. Is.

    In the following, we will take a look at the performance of Sony's various subsets in the third quarter of 2021

    Gaming and Network Services (G&NS)

    5 In the market, the revenue of this sector with a significant growth in hardware sales reached 645.5 billion yen, which shows a growth of 27.4% compared to the same period last year. Other contributing factors to this growth include the positive impact of foreign exchange rates and sales of items made outside of Sony, including add-on content.

    https://mobiletony.com Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth Sony PlayStation 5

    Operating profit of this Sony subset from July to the end September 2021 will reach 82.7 billion yen, down 21.5 percent from 105.4 billion yen last year. According to Sony, the company has sold nearly 13.4 million units since the PS5 console was unveiled last November, an increase of 27% year-on-year. Does not show.

    Sony CEO Hiroki Totoki has announced plans to sell 14.8 million PS5 consoles this fiscal year; Which certainly's a chip shortage crisis, and it makes an interesting claim. Sony has also announced without elaborating that it is considering a partnership with TSMC to build a chipset plant in Japan. Electronic Products and Solutions (EP&S) Sony's highest revenue comes from its EP&S suite of products and solutions. Apart from multimedia and home entertainment products, this subset, which recently includes Sony's smartphone segment, reached revenue of $ 581.9 billion between July and September 2021, which shows a growth of 9.1% compared to last year. . Apart from the positive effect of currency conversion in this sector, the higher sales of the company's smartphones have been mentioned, which is an unprecedented thing for this subset, which is usually considered a loss for Sony.

    https://mobiletony.com Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth Sony Xperia 1 III

    Sony's mobile division in the period to revenue of 99.1 billion yen (Nearly $ 870 million) compared to the company's .1 79.1 billion in revenue last year, up 25 percent. Sony attributed the growth to increased sales of its handsets.

    The operating profit of Sony Electronic Products and Solutions in the second quarter of the fiscal year 2021 Sony announced 72.7 billion yen, which in this section, looking at the operating profit of 53.4 billion years ago, we see a big and significant difference. Imaging & Sensing Solutions The Imaging & Sensing Solutions division is usually one of Sony's most brilliant businesses, manufacturing semiconductor products and producing video sensors for cameras. The subset, however, did not perform well in the second quarter of fiscal 2021, with sales of 278.3 billion yen, down 9.4 percent from a year earlier. The main reason for this decline is the decline in sales of video sensors for mobile products, and the growing role of a competitor as large as Samsung in this area has probably not been ineffective in this situation.

    https://mobiletony.com Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth

    The operating profit of this part also reached 49.7 billion yen, compared to 50.8 billion yen a year Previously, it remained almost constant with a declining trend.

    Music

    Sony's music subsidiary sold 271.6 billion yen in sales between July and the end of September 2021, which is an increase of 17.6% compared to the previous year. Has been. The increase has been linked to a number of factors, including more sales of music releases and recorded music, an increase in revenue from non-free subscribers to streaming services, and an increase in revenue from advertising-based streaming services. Was affected by a pandemic last year.

    https://mobiletony.com Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth

    The operating profit of this sector during the period was announced as 50.6 billion yen, which shows a decrease of 6.7% compared to 54.3 billion yen last year.

    Sony Pictures

    Sony Pictures in In the second quarter of fiscal year 2021, the company achieved sales of 260.7 billion yen with an annual increase of 39.8%. The increase was attributed to higher sales of TVs, Media Networks and Motion Pictures, which grew by 71, 53 and 14 percent, respectively. Operating profit in this subset, of course, is still lower than last year, from 32.8 to 31.6 billion yen.

    https://mobiletony.com Sony Financial Report for the quarter ending September 2021 - Mobile revenue growth Financial Services

    Sony Financial Services Division In the second quarter of fiscal year 2021, the company achieved sales of 368.4 billion yen, with a slight concession Compared to the previous year, it has remained almost constant. This reflects higher revenue due to higher premiums and lower returns on investment. Sony's financial services division, along with its subset of electronics products and solutions, is the only subset of Sony that is experiencing a positive operating profit over the previous year. The Sony's business operating profit was 43.1 billion yen between July and September, up 16.2 percent from 37 billion yen a year earlier. Other Sony divisions that do not fall into the above categories achieved sales of 24.5 billion yen, up 6.7 percent, and their operating profit rose to 8.6 billion yen from just 1.5 billion yen a year earlier.

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