Summary by Moomoo AI
Sony Group Corporation reported strong Q1 FY2024 results with operating income rising 10.3% YoY to 279.1 billion yen, while sales increased 1.6% to 3.01 trillion yen. Net income attributable to stockholders grew 6.5% to 231.6 billion yen, driven by solid performance across key segments.Game & Network Services led growth with operating income up 32.7% to 65.2 billion yen, while Imaging & Sensing Solutions saw significant improvement with operating income nearly tripling to 36.6 billion yen. Music segment delivered 16.7% higher operating income at 85.9 billion yen, though Financial Services income declined 45% to 30 billion yen.The company maintained its full-year FY2024 forecast with operating income projected at 1.31 trillion yen, up 8.4% YoY. Sony also announced a 5-for-1 stock split effective October 1, 2024, and plans to pay interim and year-end dividends of 50 yen and 10 yen per share respectively, reflecting the split.
