(Update 2) Sony Group Projects Record Net Profit for FY 2026

(The sixth paragraph should have read “…revenues of 12,479.6 billion yen, up 3.7 pct from the previous year… Operating profit also rose, by 13.4 pct to 1,447.5 billion yen.” instead of as sent.) (Update 2) Sony Group Projects Record Net Profit for FY 2026 Tokyo, May 8 (Jiji Press)–Sony Group Corp. on Friday projected a record net profit for fiscal 2026, which began in April, reflecting its robust gaming, music and other entertainment operations. The Japanese technology and entertainment conglomerate’s consolidated net profit is forecast to increase 12.5 pct from fiscal 2025 to 1,160 billion yen. The company’s core gaming business is enjoying an increase in software sales. Its entertainment segment, including the film business, is also underpinning its earnings. Additionally, its semiconductor division is riding on solid demand for image sensors for digital cameras. The company forecasts an operating profit of 1,600 billion yen, up 10.5 pct, and revenues of 12,300 billion yen, down 1.4 pct. Sales of its PlayStation 5 game console are expected to fall amid soaring memory prices. The company said it will promote PlayStation 5 sales based on the amount of memory chips it can procure at reasonable prices. For fiscal 2025, which ended this March, Sony Group posted revenues of 12,479.6 billion yen, up 3.7 pct from the previous year, buoyed by the popularity of the latest anime film from the “Demon Slayer” franchise, distributed by subsidiary Aniplex Inc. Operating profit also rose, by 13.4 pct to 1,447.5 billion yen. However, net profit fell 3.4 pct to 1,030.8 billion yen, due in part to a loss of 44.9 billion yen related to the cancellation of a plan to release an electric vehicle jointly with Honda Motor Co. Sony Group’s latest earnings report uses the equity method for financial operations following the spinoff of Sony Financial Group Inc. last October. END [Copyright The Jiji Press, Ltd.]