Summary by Moomoo AI
Sony Group Corporation reported its Q1 FY2024 financial results, with revenue increasing 1.6% YoY to 3.01 trillion yen and net income attributable to stockholders rising 6.5% to 231.6 billion yen. Operating income grew 10.3% to 279.1 billion yen.The Game & Network Services segment saw strong growth, with sales up 12% to 864.9 billion yen. The Imaging & Sensing Solutions segment also performed well, with revenue increasing 20.7% to 353.5 billion yen. However, the Financial Services segment revenue declined 34.2% to 448.6 billion yen.Sony maintained its full-year FY2024 forecast, projecting revenue of 12.61 trillion yen and net income of 980 billion yen. The company also announced a 5-for-1 stock split effective October 1, 2024, and plans to increase its total authorized shares to 18 billion.
