Sony Q3 financial report is out
Sony released its Q3 FY2022 consolidated financial results:
Entertainment, Technology & Services (ET&S)
Sales are expected to be lower than the November forecast due to an expected decrease in sales of televisions resulting from an expected decrease in unit sales. Operating income is expected to remain unchanged from the November forecast due to the impact of the above-mentioned expected decrease in sales, substantially offset by a decrease in operating expenses.
- Next is the Entertainment Technology & Services (ET&S) segment.
- FY22 Q3 sales increased 10% year-on-year to 752.8 billion yen due to foreign exchange rates and increased sales of digital cameras.
- Operating income increased 1.1 billion yen year-on-year to 81.1 billion yen, primarily due to the benefit of the increased sales of digital cameras, despite the impact of decreased sales of televisions.
- The FY22 forecast for sales is 2 trillion 480 billion yen, a decrease of 30 billion yen from the previous forecast.
- There is no change from the previous forecast for operating income.
Imaging & Sensing Solutions (I&SS)
Sales are expected to be lower than the November forecast primarily due to lower-than-expected sales of image sensors for mobile products resulting from a decrease in unit sales, partially offset by an improvement in the product mix. Operating income is expected to remain unchanged from the November forecast primarily due to the impact of the above-mentioned decrease in sales, substantially offset by a decrease in manufacturing costs.
- Next is the Imaging & Sensing Solutions (I&SS) segment.
- FY22 Q3 sales increased a significant 28% year-on-year to 417.2 billion yen, mainly due to the impact of foreign exchange rates and an increase in sales of image sensors for mobile products.
- Operating income was 84.9 billion yen, a significant increase of 20.2 billion yen year-on-year, mainly due to the positive impact of foreign exchange rates, despite an increase in costs.
- Both sales and operating income for the current quarter were record highs for this segment.
- The FY22 sales forecast has been decreased 20 billion yen from the previous forecast to 1 trillion 420 billion yen.
- There is no change from the previous forecast for operating income.
Sony Q3 FY2022 Consolidated Financial Results
