Sony Group (6758) Q2 2026 earnings summary

Executive summary

• Q2 sales from continuing operations rose 5% year-over-year to JPY 3,107.9 billion, with operating income up 10% to JPY 429 billion and net income up 7% to JPY 311.4 billion, all record highs for the second quarter.

• The Financial Services business was spun off and is now classified as a discontinued operation, impacting comparative figures and segment reporting.

• Sales for the six months ended September 30, 2025, rose 3.5% year-over-year to JPY 5,729.5 billion, with operating income up 20.4% to JPY 768.9 billion and net income attributable to stockholders up 13.7% to JPY 570.5 billion.

Financial highlights

• Q2 sales: JPY 3,107.9 billion (+5% YoY); operating income: JPY 429 billion (+10% YoY); net income: JPY 311.4 billion (+7% YoY).

• Operating income margin improved to 13.8% from 13.1% YoY; diluted EPS increased to JPY 51.71 from JPY 48.04.

• Operating income for the six months increased by JPY 130.5 billion YoY, reaching JPY 768.9 billion.

• Cash and cash equivalents at period end were JPY 1,497.9 billion, down from JPY 2,980.9 billion at the previous fiscal year end.

• Foreign exchange gains contributed positively to financial income and expenses.

Outlook and guidance

• Full-year forecasts were revised upward: sales by 3% to JPY 12 trillion, operating income by 8% to JPY 1,430 billion, and net income by 8% to JPY 1,050 billion.

• Operating cash flow forecast was raised 18% to JPY 1.5 trillion.

• Dividend per share planned at JPY 25, up JPY 5 YoY (post stock split).

• Including discontinued operations, a total net loss of JPY 310 billion is forecast due to a JPY 1.38 trillion reclassification loss from the spin-off.

• Cautious approach for the second half due to uncertain global economic conditions, especially in the U.S.