The following is a summary of the Sony Group Corporation (SONY) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Sony reported record high consolidated sales for FY '23 at JPY13,020.8 billion, operating income at JPY1,208.8 billion and net income at JPY970.6 billion.

• The company predicts a rise in operating income to JPY1,275 billion, and net income to JPY925 billion for FY '24.

• The G&NS segment had a 17% increase in sales, to JPY4,267.7 billion.

• The Music segment increased by 17% in sales to JPY1,690 billion.

• The Pictures segment saw a rise in sales by 9%, to JPY1,493.1 billion.

• The I&SS segment hit a 14% increase in sales, hitting JPY1,602.7 billion.

• Sony plans to increase shareholder returns and have a total payout ratio of approximately 40% in FY 2026.

• Sony will implement share buybacks worth JPY250 billion for this fiscal year.

Business Progress:

• Sony sold 20.8 million units of PS5 in FY '23 and expects to sell approximately 18 million units in FY '24.

• Successful release of the game 'Hell Divest 2' significantly boosted the previous quarter's profits.

• Upcoming releases in the Music and Pictures segments are expected to further drive sales.

• Sony expects the I&SS segment to achieve record highs in sales and operating income in FY '24.

• Sony expects to expand its shares investor base and plans a stock split in 2024.

• It aims to grow its image sensor business due to increasing demand for larger-sized main and wide-angle cameras.

• Sony is making significant strategic investments in the game, music, and pictures segments to drive growth and innovation.

• With a new organizational structure in place, Sony looks forward to contributing significantly to business growth and profit margin increments.

More details: Sony IR

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