Sony Q3 FY2024 financial results
Sony released their Q3 FY2024 financial results - here is the recap from SonyAddict:
Entertainment, Technology & Service Segment:
- Next is the ET&S segment.
- Sales for the quarter decreased 4% year-on-year to 704.5 billion yen, primarily due to a decrease in unit sales of televisions, while operating income remained essentially flat at 77.1 billion yen.
- The full-year forecast is unchanged from the previous forecast.
Imaging & Sensing Solutions Segment:
- Next is the I&SS segment.
- Sales for the quarter were essentially flat year-on-year at 500.9 billion yen, primarily due to a decrease in sales of mobile image sensors offsetting the impact of foreign exchange rates.
- Despite the positive impact of foreign exchange rates, operating income decreased 2% year-on-year to 97.5 billion yen primarily due to increased manufacturing costs and the impact of the decreased sales.
- We have slightly increased the full-year sales forecast from the previous forecast to 1 trillion 790 billion yen, while the forecast for operating income is unchanged.
