Sony Q1/FY2022 financial results are out
Sony released its Q1/FY2022 financial results. Sony cameras are listed under the Entertainment, Technology, and Services segment:
- FY22 Q1 sales decreased 4% year-on-year to 552.3 billion yen, primarily due to a decrease in television unit sales resulting from the impact of lockdowns in Shanghai and worsening market conditions, partially offset by the favorable impact of foreign exchange rates.
- Operating income decreased 18.2 billion yen year-on-year to 53.6 billion yen, primarily due to the impact of the decrease in television sales.
- FY22 sales are expected to increase 50 billion yen from our previous forecast to 2 trillion 450 billion yen, primarily due to the impact of foreign exchange rates, partially offset by our incorporating the risk of market deceleration into our forecast for the second half of the fiscal year.
- The forecast for operating income is unchanged from our previous forecast.
Via SonyAddict