Sony Group Corp., the prominent Japanese conglomerate listed under SON.L and SNE, announced an increase in profit and sales for its second quarter on Friday. The company reiterated its fiscal year earnings projection while offering an updated sales forecast.
In the second quarter, net income attributable to shareholders surged to 338.50 billion yen, or 55.74 yen per share, up from 200.11 billion yen or 32.35 yen per share in the previous year.
The operating income rose significantly to 455.08 billion yen, compared to 263.01 billion yen in the prior year.
The total revenue from sales and financial services for the quarter increased to 2.91 trillion yen, up from 2.83 trillion yen a year earlier.
Looking ahead to the fiscal year ending on March 31, 2025, Sony maintains its expectations for an attributable profit of 980 billion yen, representing a 1 percent increase from the previous year. The operating income is anticipated to reach 1.31 trillion yen, representing an 8.4 percent growth year-over-year.
The company has revised its sales forecast, now expecting a 2.4 percent decrease to 12.71 trillion yen, a slight improvement from the earlier projection of a 3.2 percent decline to 12.61 trillion yen.
