SONY, The Current Fiscal Year Net Income Revised Upward by 10%, Highest in Four Terms

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Thu Feb 13, 2025 3:30 pm JST Earnings

6758 SONY GROUP CORPORATION 【IFRS】

Earnings Report

SONY GROUP CORPORATION <6758> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 20.8% from the same period last year, reaching 0.94 trillion yen.

In addition, the full-year consolidated net income has been revised upward 10.2%, from the previous forecast of 0.98 trillion yen to 1.08 trillion yen (compared to 0.97 trillion yen in the previous period), increasing the growth rate from 1.0% to 11.3%, reaches new record high for the first time in four terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) has been revised upward 24.4%, from the previous forecast of 0.4 trillion yen to 0.5 trillion yen (compared to 0.55 trillion yen in the same period of the previous year), and the declining rate is expected to decrease from 25.9% to 7.8%.

In the most recent three-month period, from October to December (3Q), the consolidated net income amounted to 0.37 trillion yen, an increase of 2.7% compared to the same period last year. However, the operating profit margin decreased from 12.4% in the same period last year to 10.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	7,933,528	1,155,849	1,111,818	864,296	139.8	87.2	Feb 2, 2023	IFRS
Apr - Dec, 2023	9,539,802	979,389	992,184	781,568	126.8	78.2	Feb 14, 2024	IFRS
Apr - Dec, 2024	10,326,820	1,203,514	1,261,167	943,873	155.8	91.1	Feb 13, 2025	IFRS
YoY	+8.2%	+22.9%	+27.1%	+20.8%	+22.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	6,792,754	575,817	567,886	409,866	68.1	10	Nov 8, 2024	IFRS
Oct - Mar, 2024 New	7,282,754	600,817	617,886	509,866	84.7	10	Feb 13, 2025	IFRS
Revision Rate	+7.2%	+4.3%	+8.8%	+24.4%	+24.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	12,710,000	1,310,000	1,335,000	980,000	162.7	20	Nov 8, 2024	IFRS
Mar, 2025 New	13,200,000	1,335,000	1,385,000	1,080,000	179.3	20	Feb 13, 2025	IFRS
Revision Rate	+3.9%	+1.9%	+3.7%	+10.2%	+10.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,228,493	692,780	735,033	552,923	89.8	9	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	7,282,754	600,817	617,886	509,866	84.7	10	Feb 13, 2025	IFRS
YoY	+0.8%	-13.3%	-15.9%	-7.8%	-5.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,974,373	1,302,389	1,274,496	1,005,277	162.7	15	Apr 28, 2023	IFRS
Mar, 2024	13,020,768	1,208,831	1,268,662	970,573	157.7	17	May 14, 2024	IFRS
Mar, 2025 Guidance	13,200,000	1,335,000	1,385,000	1,080,000	179.3	20	Feb 13, 2025	IFRS
YoY	+1.4%	+10.4%	+9.2%	+11.3%	+13.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,747,527	463,338	458,555	363,918	59.0	12.4	Feb 14, 2024	IFRS
Jan - Mar, 2024	3,480,966	229,442	276,478	189,005	30.7	6.6	May 14, 2024	IFRS
Apr - Jun, 2024	3,011,649	279,106	316,867	231,638	38.0	9.3	Aug 7, 2024	IFRS
Jul - Sep, 2024	2,905,597	455,077	450,247	338,496	55.7	15.7	Nov 8, 2024	IFRS
Oct - Dec, 2024	4,409,574	469,331	494,053	373,739	61.7	10.6	Feb 13, 2025	IFRS
YoY	+17.7%	+1.3%	+7.7%	+2.7%	+4.5%