Summary by Moomoo AI
Sony reported robust financial results for FY2022-2024, with sales reaching ¥13.02 trillion, marking an 18.6% YoY increase. However, operating income declined 7.2% YoY to ¥1.21 trillion, while net income decreased 3.5% YoY to ¥970.6 billion. The company's diluted EPS stood at ¥157.14 for FY2024.The company executed significant strategic moves, including the ¥510.5 billion Bungie acquisition, focusing on live game services, and the successful integration of Crunchyroll with Funimation to strengthen anime content distribution. These acquisitions resulted in combined goodwill of ¥275.1 billion, demonstrating Sony's commitment to expanding its entertainment portfolio.Looking ahead, Sony announced a 5-for-1 stock split effective October 1, 2024, alongside a share repurchase program for up to 30 million shares with a maximum value of ¥250 billion. The company maintains substantial business commitments across Pictures (¥188.6B), Music (¥272.3B), and Gaming (¥33.4B) segments, while strengthening its governance with eight outside directors and enhanced cybersecurity measures.
