The earnings call presented a mixed performance with notable growth in the G&NS and Music segments, but significant challenges in operating income, Financial Services, and production delays due to strikes. Additionally, the company faces difficulty in the semiconductor segment due to yield issues.

Company Guidance

During the Sony Group Corporation's FY 2023 Q2 earnings call, detailed financial metrics were shared, highlighting both quarterly results and future forecasts. Consolidated sales for the quarter increased by 8% year-on-year to JPY 2,828.6 billion, although operating income decreased by JPY 106.4 billion to JPY 263.0 billion, largely due to a JPY 64.3 billion drop in the Financial Services segment. Adjusted EBITDA fell by JPY 60.8 billion to JPY 426.4 billion, while net income attributable to Sony stockholders decreased by JPY 81.6 billion to JPY 200.1 billion. For FY 2023, sales are projected to rise by JPY 200 billion to JPY 12.4 trillion, with net income expected to increase by JPY 20 billion to JPY 880 billion. The company anticipates maintaining an operating income of JPY 1.170 trillion and forecasts an adjusted EBITDA of JPY 1.785 trillion, an increase of JPY 35 billion from previous estimates. The assumed exchange rates for the second half are JPY 142 for the USD and JPY 152 for the euro. Furthermore, the PS5 segment saw a 32% increase in Q2 sales to JPY 954.1 billion, with the hardware unit sales reaching 4.9 million. However, operating income for the segment rose by only JPY 6.8 billion to JPY 48.9 billion due to declining profitability of the PS5. The financial services sector experienced a 42% drop in revenue to JPY 103.9 billion, primarily due to market fluctuations affecting life insurance gains.

Increase in Consolidated Sales

Consolidated sales for Q2 were JPY 2,828.6 billion, an increase of 8% compared to the same quarter of the previous fiscal year.

G&NS Segment Growth

FY '23, Q2 sales in the G&NS segment increased 32% year-on-year to JPY 954.1 billion, mainly due to increased sales of PlayStation 5 hardware and third-party software.

PlayStation 5 Sales Target

PS5 hardware unit sales for the quarter were 4.9 million units, with a high target of 25 million units for the fiscal year.

Music Segment Performance

FY '23, Q2 sales in the Music segment increased 14% year-on-year to JPY 408.7 billion, mainly due to increased streaming revenue and favorable foreign exchange rates.

Positive Streaming Revenue Growth

Streaming revenue for the quarter increased 9% for recorded music and 10% for music publishing on a U.S. dollar basis.

Adjusted EBITDA Growth Forecast

Adjusted EBITDA for FY '23 is expected to increase by JPY 35 billion to JPY 1.785 trillion.

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Sony (JP:6758) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

JP:6758 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 13, 2025	2024 (Q3)	43.32 / -	59.092	―	―	―
Nov 08, 2024	2024 (Q2)	39.84 / 55.86	32.444	72.17% (+23.42)
Aug 07, 2024	2024 (Q1)	33.16 / 37.98	35.252	7.74% (+2.73)
May 14, 2024	2023 (Q4)	20.92 / 30.82	20.766	48.44% (+10.06)
Feb 14, 2024	2023 (Q3)	51.03 / 59.09	52.902	11.70% (+6.19)
Nov 09, 2023	2023 (Q2)	35.32 / 32.44	42.688	-24.00% (-10.24)
Aug 09, 2023	2023 (Q1)	28.81 / 35.25	35.292	-0.11% (-0.04)
Apr 28, 2023	2022 (Q4)	13.15 / 20.77	17.942	15.74% (+2.82)
Feb 02, 2023	2022 (Q3)	44.78 / 52.90	55.846	-5.27% (-2.94)
Nov 01, 2022	2022 (Q2)	32.76 / 42.69	34.37	24.20% (+8.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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JP:6758 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	¥2772.00	¥2805.50	+1.21%
Aug 07, 2024	¥2454.35	¥2452.36	-0.08%
May 14, 2024	¥2375.63	¥2384.60	+0.38%
Feb 14, 2024	¥2926.64	¥2911.75	-0.51%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Sony Corporation (JP:6758) report earnings?

Sony Corporation (JP:6758) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.

What is Sony Corporation (JP:6758) earnings time?

Sony Corporation (JP:6758) earnings time is at Feb 13, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Sony Corporation stock?

The P/E ratio of Sony is 17.9.

What is JP:6758 EPS forecast?

JP:6758 EPS forecast for the fiscal quarter 2024 (Q3) is ¥43.32.

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