SONY GROUP CORPORATION <6758> rose into positive territory in the afternoon session. At noon on the 8th, the company announced a share buyback program with an upper limit of 230 million shares (3.89% of total issued shares excluding treasury stock) and a total acquisition value of 500 billion yen. The announcement appears to have attracted buying based on the company's shareholder return stance.

The acquisition period will run from the 11th through May 10 of next year. Additionally, the company will cancel 184,494,319 treasury shares, equivalent to 3.0% of total issued shares, on May 29. The company also disclosed its earnings forecast for the fiscal year ending March 2027. Revenue for this fiscal year is expected to decline 1.4% compared to the previous year's continuing operations basis to 12.3 trillion yen, while net income is projected to increase 12.5% to 1.16 trillion yen. The annual dividend forecast was set at 35 yen, an increase of 10 yen from the previous year. For this fiscal year, the company anticipates a revenue decline in hardware for the Game & Network Services segment, while planning for operating profit growth in the segment due to the reversal of impairment losses recorded in the previous year and increased sales of internally developed game software. The Pictures segment is expected to see both revenue and operating profit growth.

For the fiscal year ended March 2026, revenue on a continuing operations basis increased 3.7% year-on-year to 12,479.62 billion yen, while net income decreased 3.4% to 130.893 billion yen. Net loss including discontinued operations amounted to 326.865 billion yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.