Sony Group (6758) Q4 2025 earnings summary

Executive summary

• FY2024 consolidated sales reached ¥12,957.1B, with operating income up 16% to ¥1,407.2B and net income attributable to stockholders rising 18% to ¥1,141.6B; 61% of sales now come from entertainment businesses.

• Strong profit growth in Game & Network Services (G&NS) and Imaging & Sensing Solutions (I&SS); Financial Services segment saw significant revenue and income declines.

• Cross-segment collaborations, especially in anime and IP expansion, are accelerating, leveraging synergies between PlayStation, Crunchyroll, Aniplex, and Sony Music.

• Sony will spin off its Financial Services business in October 2025, classifying it as a discontinued operation from FY2025.

• Comprehensive income decreased 23.9% to ¥959.2B due to negative other comprehensive income.

Financial highlights

• Operating income margin improved to 10.9% from 9.3% year-over-year; basic EPS was ¥188.71, diluted EPS ¥187.92.

• Operating cash flow (excluding Financial Services) rose 67% to ¥1,972.4B; cash and cash equivalents at year-end were ¥2,981.0B.

• Equity attributable to stockholders rose to ¥8,179.7B; total assets reached ¥35,293.2B.

• Dividend per share increased post-stock split, with a planned total of ¥25 for FY25.

• Free cash flow (excluding Financial Services) was ¥1,068.0B for FY24.

Outlook and guidance

• FY2025 forecast for continuing operations: sales ¥11,700B (-2.9%), operating income ¥1,380B (before U.S. tariff impact), and net income ¥930B (-13%).

• U.S. tariffs expected to impact profitability by up to ¥100B, with mitigation measures in place.

• Operating cash flow forecast for FY25 is ¥1,248B.

• Dividend per share planned at ¥25, up ¥5 year-over-year.