Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥788 (vs JP¥814 in FY 2023) Full year 2024 results: EPS: JP¥788 (down from JP¥814 in FY 2023). Revenue: JP¥13t (up 19% from FY 2023). Net income: JP¥970.6b (down 3.5% from FY 2023). Profit margin: 7.5% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥788 (vs JP¥758 in FY 2023) Full year 2024 results: EPS: JP¥788 (up from JP¥758 in FY 2023). Revenue: JP¥13t (up 13% from FY 2023). Net income: JP¥970.6b (up 3.6% from FY 2023). Profit margin: 7.5% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. 공시 • May 16
Sony Group Corporation, Annual General Meeting, Jun 25, 2024 Sony Group Corporation, Annual General Meeting, Jun 25, 2024. 공시 • May 11
Sony Group, Others Reportedly Consider Buying Infocom for $1.28 billion Sony Group Corporation (TSE:6758) and other parties are considering buying online comic store operator Infocom Corporation (TSE:4348) in a deal worth up to JPY 200 billion ($1.28 billion), Bloomberg News reported on May 9, 2024. Infocom parent Teijin Limited (TSE:3401) is aiming to sell its entire stake of around 55% and scheduled a second round of bidding for mid-May, Bloomberg said, citing multiple sources. Other likely bidders include the U.S. investment funds Blackstone Inc. (NYSE:BX) and KKR & Co. Inc. (NYSE:KKR), Bloomberg said. Some bidders are aiming to acquire all of Infocom's shares through a tender offer that could put the purchase price at JPY 200 billion, Bloomberg said, citing once source. Sony will bid in concert with investment fund Integral Corp, according to another source, Bloomberg said. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (4.4%). 공시 • Feb 22
Zee Entertainment, Sony Reportedly in Last-Ditch Talks to Revive $10 Billion Merger Zee Entertainment Enterprises Limited (NSEI:ZEEL) and Sony Group Corporation (TSE:6758) are re-engaging in talks to salvage their $10 billion merger, two years after it was called off. Representatives from both sides have held meetings in Mumbai, aiming to overcome key differences and reach an agreement within the next 48 hours, according to a report by Economic Times. The biggest hurdle seems to be a $300 million write-off on cricket rights. Sony wants it upfront, while Zee prefers a delay. Leadership tussles also linger, with Punit Goenka, Zee's CEO, reportedly relinquishing his top spot claim in exchange for an advisory role - though Sony still pushes for him to remain outside the core structure. Adding another layer of complexity, Zee wants any deal to be legally irrevocable, a proposition that makes Sony, wary of unforeseen financial changes, hesitant, the report further added. With a decision expected soon, both sides find themselves at a crossroads. Zee, buoyed by recent earnings improvements, feels confident in its future, even if the merger falls through. But a successful deal could unlock synergies, enhance their digital reach, and create a formidable Indian media giant. The clock is ticking. Failure to bridge the gaps could lead to Sony pulling out, leaving Zee to navigate its future alone. However, a reconciliation wouldn't be without its challenges. Legal battles initiated by both companies would need to be withdrawn, adding another layer of complexity to the already intricate puzzle. Both companies have taken their grievances to legal platforms like the Singapore International Arbitration Centre (SAIC) and the National Company Law Tribunal (NCLT). Zee, through Mad Man Film Ventures, sought NCLT's intervention to enforce the merger, while Sony countered through its Indian units, challenging the maintainability of Zee's application and seeking to prevent implementation. Additionally, Sony sought emergency interim relief from the SIAC against Zee, which was denied. Declared Dividend • Feb 16
Dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2024 Payment date: 5th June 2024 Dividend yield will be 73%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 14%. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥296 (vs JP¥260 in 3Q 2023) Third quarter 2024 results: EPS: JP¥296 (up from JP¥260 in 3Q 2023). Revenue: JP¥3.75t (up 22% from 3Q 2023). Net income: JP¥363.9b (up 13% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. 공시 • Jan 22
Sony Demands $90 Million in Termination Penalty, Zee to Seek Legal Options The two-year courtship of Sony Group Corporation (TSE:6758) and Zee Entertainment Enterprises Limited (NSEI:ZEEL) ended in acrimony on 22 January 2024, with the Japanese company snapping its agreement and seeking $90 million in termination fees, and the Indian firm rejecting the demand and seeking legal options. In response to the merger termination notice, Zee has refuted Sony's breach claims and the demanded termination fee, and is planning legal actions to protect its stakeholders' interests. Culver Max Entertainment, formerly Sony Pictures Networks India, and Bangla Entertainment Pvt. Ltd, both Sony subsidiaries, issued a termination notice to Zee on 22 January 2024, dissolving the Merger Co-operation Agreement signed on 22 December 2021. The merger, failing to conclude within two years, saw a one-month extension for negotiations that ultimately proved fruitless. "Although we engaged in good faith discussions to extend the end date under the merger cooperation agreement, we were unable to agree upon an extension by the January 21 deadline," Sony said in a statement after notifying the Tokyo Stock Exchange of the termination of the proposed merger. "After more than two years of negotiations, we are extremely disappointed that the closing conditions of the merger were not satisfied by the end date." Mint had reported the impending failure of merger talks, first on 10 November and then on 19 January, citing the 21 December deadline. Zee has said that its board is evaluating all available options and will take necessary steps to protect the long-term interests of its stakeholders, which includes taking appropriate legal action and contesting Culver Max and Bangla Entertainment's claims in the arbitration proceedings. 공시 • Jan 19
Sony Group's Board to Meet to Decide Fate of $10 Billion Merger Deal with Zee Entertainment Sony Group Corporation (TSE:6758) is set to convene a board meeting on January 19, 2024 to discuss the fate of the proposed $10-billion merger with Zee Entertainment Enterprises Limited (NSEI:ZEEL), as per an Economic Times report citing sources. The possible deal termination could be out on the Tokyo Stock Exchange early next week. The merger, announced two years ago, aimed to establish the largest broadcast company in India. However, sources told the paper that complications have arisen, particularly in Punit Goenka's place in the management and meeting of the outstanding condition precedents (CPs), straining the relationship between the two parties. Two consecutive meetings are scheduled, with Culver Max Entertainment, formerly Sony Pictures Networks India, conducting a board meeting on night (January 18, 2024), followed by Sony at its Tokyo headquarters. Sony is expected to pass a resolution calling off the planned amalgamation unless Zee's Managing Director and Chief Executive, Punit Goenka, agrees to step down from his current title in the merged company. The resolution is also likely to call for the fulfilment of all outstanding CPs, which have become a point of contention between the two sides. Sources told the paper Zee representatives indicate that negotiations are ongoing, and emphasised efforts to resolve outstanding issues to make the deal viable. Sources from Sony highlight the need for auditing and financial adjustments even if Goenka agrees to step down, as per the report. This comes as Zee's net profit has declined significantly since the merger announcement, raising concerns about the financial implications of the deal. Sony's holding in the combined entity is expected to be 53%, with a $1.6 billion investment commitment to expand its footprint. Issues surrounding leadership, including the role of Punit Goenka, and regulatory investigations remain unresolved. Zee retains a market share of 18%, surpassing Sony's 6% in the Indian entertainment and broadcasting business. Zee Entertainment stock rallied over 7% intraday on January 18 following media reports suggesting discussions on the merger's completion. The deal faced a setback when the Securities and Exchange Board (SEBI) banned Goenka and Subhash Chandra in August, alleging fund diversion. Although the Securities Appellate Tribunal (SAT) overturned the order in October 2023, regulatory challenges persist. Sony, frustrated with delays and regulatory hurdles, is not keen on a hostile takeover but has expressed support for its India MD and CEO, NP Singh, as the interim chief executive. 공시 • Jan 16
Sony Group Corporation to Report Q3, 2024 Results on Feb 14, 2024 Sony Group Corporation announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Feb 14, 2024 공시 • Jan 11
Sony Unit Reportedly Continuing Merger Talks with Zee Sony Group Corporation (TSE:6758) is continuing talks on a deal to merge its Indian subsidiary with Zee Entertainment Enterprises Limited (NSEI:ZEEL), people involved in the negotiations have said. The talks will continue until Jan. 20, they said Jan. 9, 2024. Sony was earlier reported to have been considering cancelling the deal due to differences over who should be the merged unit's CEO. But talks on terms of the deal are still underway, the sources said. Zee wants its CEO, Punit Goenka, to take the helm at the merged entity. But Sony no longer wants him in the post because of his alleged misuse of company funds. Because the Securities and Exchange Board of India is investigating the allegations, Sony is thought to be reluctant to accept Goenka as CEO. Sony and Zee signed a merger agreement in 2021 and began negotiations to wrap it up by the end of September last year. Under the accord, Sony would hold a majority stake in the merged unit, which is expected to become India's biggest broadcaster if the deal goes through. Although Indian regulators approved the merger in August, Sony said in September that there was a delay. In December, Zee asked Sony to extend the deadline. On Jan. 8, 2024, Bloomberg said Sony was planning to call off the deal. Sony declined to comment on the report, while Zee said it "is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger". New Risk • Nov 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (6.5% net profit margin). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥162 (vs JP¥213 in 2Q 2023) Second quarter 2024 results: EPS: JP¥162 (down from JP¥213 in 2Q 2023). Revenue: JP¥2.83t (up 2.8% from 2Q 2023). Net income: JP¥200.1b (down 24% from 2Q 2023). Profit margin: 7.1% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. 공시 • Oct 27
Sony Group Corporation to Report Q2, 2024 Results on Nov 01, 2023 Sony Group Corporation announced that they will report Q2, 2024 results on Nov 01, 2023 공시 • Oct 19
Sony Semiconductor Solutions to Launch 1/3-Type-Lens-Compatible, 3.2-Effective-Megapixel Stacked Cmos Image Sensor with Global Shutter for Industrial Use Sony Semiconductor Solutions Corporation (SSS) announced the upcoming release of the IMX900, a 1/3-type-lens-compatible, 3.2-effective-megapixel1 stacked CMOS image sensor with a global shutter for industrial use that boasts the highest resolution in its class. The new sensor product employs an original pixel structure to dramatically improve light condensing efficiency and near infrared sensitivity compared to conventional products, enabling miniaturization of pixels while maintaining the key characteristics required of industrial image sensors. This design achieves the industry's highest resolution of 3.2 effective megapixels for a 1/3.1-type, global shutter system which fits in the S-mount (M12), the mount widely used in compact industrial cameras and built-in vision cameras. The new product will contribute to the streamlining of industrial tasks in numerous ways, by serving in applications such as code reading in the logistics market and assisting in automating manufacturing processes using picking robot applications on production lines, thereby helping to resolve issues in industrial applications. With demand for automation and manpower savings on the rise in every industry, SSS's original Pregius S™? global shutter technology contributes to improved image recognition by enabling high-speed, high-precision, motion distortion-free imaging in a compact design. The new sensor utilizes a unique pixel structure developed based on Pregius S, moving the memory unit that was previously located on the same substrate as the photodiode to a separate signal processing circuit area. This new design makes it possible to enlarge the photodiode area, enabling pixel miniaturization (2.25 mm) while maintaining a high saturation signal volume, successfully delivering a higher pixel count of approximately 3.2 effective megap pixels for a 1/3.1-type sensor. Moving the memory unit to the signal processing circuit area has also increased the aperture ratio, bringing significant improvements to both incident light angle dependency and quantum efficiency. These features enable a much greater level of flexibility in the lens design for the cameras which employ this sensor. Additionally, a thicker photodiode area enhances the near infrared wavelength (850 nm) sensitivity, and nearly doubles the quantum efficiency compared to conventional products. This compact, 1/3.1- type product is available in a package size that fits in the S-mount ("M12"), the versatile mount type used in industrial applications. It can be used in a wide range of applications where more compact, higher performance product designs are desired, such as in compact cameras for barcode readers in the logistics market, picking robot cameras on production lines, and the automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) that handle transportation tasks for workers. Main Features: Industry's highest resolution for an image sensor with a global shutter compatible with a 1/3-type lens, at approximately 3.2 effective megAPixels. Vastly improved incident light angle dependency lend greater flexibility to lens design; Delivers approximately double the quantum performance of conventional products; in the near infrared wavelength; Includes on-chip features for greater convenience in reducing post-production image processing load. Various features are included on this product to lighten the post-production image processing load and improve recognition precision, such as Fast Auto Exposure, which enables high-speed calculation and configuration of optimal exposure times, and Quad HDR, which expands the dynamic range by setting multiple exposure times in units of four pixels each. These features help streamline camera design, reduce cost, and improve recognition precision; High-speed, 113 fps6 imaging. 공시 • Oct 07
Sony Group Corporation to Report Q2, 2024 Results on Nov 09, 2023 Sony Group Corporation announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 10% and the cash payout ratio is 98%. Trailing yield: 0.6%. Lower than top quartile of Swiss dividend payers (4.0%). Lower than average of industry peers (5.1%). 공시 • Aug 10
Sony Group Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Sony Group Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects revised sales of JPY 12,200 billion, operating income of JPY 1,170 billion and net income attributable to the company’s stockholders of JPY 860 billion compared to previously expected sales of JPY 11,500 billion, operating income of JPY 1,170 billion and net income attributable to the company’s stockholders of JPY 840 billion. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥176 (vs JP¥211 in 1Q 2023) First quarter 2024 results: EPS: JP¥176 (down from JP¥211 in 1Q 2023). Revenue: JP¥2.96t (up 33% from 1Q 2023). Net income: JP¥217.5b (down 17% from 1Q 2023). Profit margin: 7.3% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. 공시 • Aug 01
Sony Electronics Inc. Announces Pricing and Availability for Sony Bravia Xr A95l Qd-Oled 4K Hdr Google Tv Sony Electronics Inc. revealed pricing and availability for the new Sony BRAVIA XR A95L QD-OLED 4K HDR Google TV. This model comes in 55" (54.6" diag.), 65" (64.5" diag.) and 77" (76.7" diag.) class sizes with suggested retail price starting at $2,799.99. The A95L offers Sony's best color ever and will be available for pre-order starting August 21 at Sony authorized dealers nationwide. U.S. pricing and availability details: 77" Class (76.7" diAG): $4,999.99 MSRP (Available to pre-order on 8/21/2023); 65" Class (64.5" diAG): $3,499.99 MSRP (Available to pre-order on 8-21/2023); 55" Class (54.6" dig): $3,799.99 MSRP (Available To pre-order on 8/21/2023); Canada pricing and availability details: 77' Class (76.7" Diag): $6,999.99 MSRP. Individually lit pixels produce pure black, so favorite movies, shows, and games burst to life on screen with extraordinary detail and depth; Google TV: Get access to all favorite streaming apps in one place with Google TV™?, and simply use voice to search and ask questions with Google Assistant. Intelligent and powerful TV processing: Powered by Sony's intelligent Cognitive Processor XR™?, hundreds of thousands of individual on-screen elements are processed and remastered in the blink of an eye, boosting color, contrast, and clarity; Sony's widest palette of colors: With QD-OLED panel technology and enhanced by XR Triluminos Max™?, millions of self-illuminating individual pixels deliver more saturation and brightness to every color; Definitive contrast: By pairing the QD-OLED panel and XR OLED Contrast Pro, see up to 200% color brightness compared to conventional OLED TVs, bringing scenes to life with pure black and brightest colors; Multi View: Exclusively on the A95L, use Multi View to split screen and enjoy watching content from two different sources at the same time. Such as playing a game on one side and watching a walkthrough on the other. Perfect for PlayStation®? 5: Take gaming to the next level with exclusive features Auto HDR Tone Mapping and Auto Genre Picture Mode for optimized picture quality while gaming and streaming on PS5®? console; All game settings in one place: With Game Menu, quickly manage gaming picture settings and exclusive assist features in a single convenient interface; With Acoustic Surface Audio+™?, actuators behind the TV vibrate to produce audio from the entire screen elevating the sound and improving dialogue. An integrated subwoofer delivers powerful bass to round out the sound. Pairs perfectly with Sony soundbars: Paired with select Sony soundbars, Acoustic Center Sync synchronizes the TVs speakers with the soundbar, boosting the center channel for clearer, fuller vocals. When connected, soundbar settings automatically appear on the TV's Quick Settings menu for easy to control of volume, sound field, and other soundbar features. Enhanced TV experience with included BRAVIA CAM: Connect the supplied BRAVIA CAM: Connect The supplied BRAVIA CAM: connect the supplied BRAVIA CAM, and the U.S. and Canada pricing and availability details: 7.7" diag): $6,999., Canada pricing and availability details: 75" Class (64.5' Class (64.5" Diag): $3,499. 99 MSRP (Available to pre-order on 8/2023); 65" class (64.5" dig): $3.99 MSRP (Available of pre-order on 8/2021/2023); 55" class (Available to pre-order On 8/21/2023). Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Independent Outside Director Joseph A. Kraft was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥758 (vs JP¥712 in FY 2022) Full year 2023 results: EPS: JP¥758 (up from JP¥712 in FY 2022). Revenue: JP¥12t (up 16% from FY 2022). Net income: JP¥937.1b (up 6.2% from FY 2022). Profit margin: 8.1% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥758 (vs JP¥712 in FY 2022) Full year 2023 results: EPS: JP¥758 (up from JP¥712 in FY 2022). Revenue: JP¥12t (up 16% from FY 2022). Net income: JP¥937.1b (up 6.2% from FY 2022). Profit margin: 8.1% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (5.1%). 공시 • Feb 14
Sony Electronics Inc. Launches Limited aibo Strawberry Milk Edition in the US Sony Electronics Inc. announced that the limited-quantity aibo Strawberry Milk Edition (ERS-1000/P) is now available for purchase in the United States directly from Sony. Originally released in Japan in late January 2022, the aibo Strawberry Milk Edition is the third color variation of the acclaimed aibo (ERS-1000) robotic "puppy" companion in the United States. The aibo Strawberry Milk Edition features a vibrant pink color body with white accents and performs an exclusive dance unique to Strawberry Milk Edition models. As with the current white aibo model, the aibo Strawberry Milk Edition comes with a three-year AI Cloud Plan, charging station including both charging stand and charging mat, AC adaptor, power cord and a special pink ball for playtime. The three-year AI Cloud Plan lets aibo gather and access its daily life experiences, enabling it to develop a unique personality that grows and evolves. Each aibo recognizes faces and develops a familiarity with people over time, remembering which actions make owners happy. As each aibo is shaped by its daily interactions and the parenting style of its owners, the personality, behavior and knowledge of every new puppy companion is completely unique. In addition to supporting aibo's AI-powered learning capabilities, the AI Cloud Plan ensures aibo will be kept current for years to come by growing aibo's functionality with new tricks, software-based features and even entirely new behaviors. aibo parents can also stay connected to their pup using the "My aibo" app. The app provides an easy and handy interface that allows users to play with their pet, feed their aibo virtual meals and treats, addnew behavior and tricks to its repertoire and more. With the launch of the aibo Strawberry Milk Edition, customers can receive a special bundle offer with the purchase of an ERS-1000/P of four accessories: paw pads (ERA1021), aibone (ERA1020), aibo Food Bowl (aiboFB) and the aibo Water Bowl (aiboWB). The aibo Strawberry Milk Edition is currently available on Sony's website4 for a suggested retail price of $2,899.99, while supplies last. Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥325 (vs JP¥181 in 3Q 2022) Third quarter 2023 results: EPS: JP¥325 (up from JP¥181 in 3Q 2022). Revenue: JP¥3.41t (up 13% from 3Q 2022). Net income: JP¥401.4b (up 79% from 3Q 2022). Profit margin: 12% (up from 7.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 공시 • Feb 03
Sony Group Corporation Revises Year End Dividend Guidance for the Year Ending March 31, 2023 Sony Group Corporation revised year end dividend guidance for the year ending March 31, 2023. For the period, the company expected year end dividend of JPY 40 per share compared to JPY 35 per share paid a year ago. 공시 • Feb 02
Sony Group Corp Announces Executive Changes Sony Group Corp. announced that it is promoting Hiroki Totoki, its executive deputy president, to president and chief operating officer, effective April 1, 2023. Totoki will replace current President Kenichiro Yoshida, marking the first change in the Sony Group's presidency in five years. Yoshida will remain as chairman and CEO with the right to represent the company. Totoki joined Sony, now the Sony Group, in 1987 and played a key role in the establishment of Sony Bank. He is known for his expertise in planning business strategies and identifying new business opportunities. 공시 • Dec 24
Sony Group Corporation to Report Q3, 2023 Results on Feb 02, 2023 Sony Group Corporation announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Feb 02, 2023 공시 • Nov 02
Sony Group Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2023 Sony Group Corporation revised consolidated earnings guidance for the year ending March 31, 2023. For the year, the company revises sales of JPY 11,600 billion, operating income of JPY 1,160 billion and net income attributable to its stockholders of JPY 840 billion compared to previous guidance of sales of JPY 11,500 billion, operating income of JPY 1,110 billion and net income attributable to its stockholders of JPY 800 billion. 공시 • Oct 05
Sony Group Corporation to Report Q2, 2023 Results on Nov 01, 2022 Sony Group Corporation announced that they will report Q2, 2023 results on Nov 01, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (6.6%). Board Change • Jul 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Outside Director Joseph A. Kraft was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Jul 30
Sony Group Corporation Updates Earnings Guidance for the Year Ending March 31, 2023 Sony Group Corporation updated earnings guidance for the year ending March 31, 2023. For the year, the company expected sales to be JPY 11,500 billion compared to HPY 11,400 billion, Operating income to be JPY 1,110 billion compared to JPY 1,160 billion and net income attributable to be JPY 800 billion compared to JPY 830 billion in previous guidance respectively. 공시 • Jun 29
Sony Group Corporation to Report Q1, 2023 Results on Jul 29, 2022 Sony Group Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Board Change • May 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Shuzo Sumi was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 19
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Shuzo Sumi was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • Apr 22
Amazon, Reliance, Sony Reportedly Vying for IPL Broadcast Rights Amazon.com, Inc. (NasdaqGS:AMZN), The Walt Disney Company (NYSE:DIS) and Reliance Industries Limited (NSEI:RELIANCE) are among those that have signaled an intention to bid for the broadcast rights of the Indian Premier League, or IPL, according to people familiar with the matter, setting the stage for an epic showdown for the prized asset in cricket-crazy India. Besides these, Sony Group Corporation (TSE:6758), Zee Entertainment Enterprises Limited (NSEI:ZEEL), and Sporta Technologies Private Limited have also purchased the bid-related documents from Board of Control for Cricket in India, or BCCI, people said asking not to be named as the information is not public. BCCI is the sport’s local governing body that will be conducting the online auction starting June 12, 2022. The auction will allow the winner or winners -- there are four baskets of rights to bid for -- to globally telecast matches of India’s top cricket league between 2023 and 2027 via live streaming and TV broadcast. Securing rights to the world’s third-largest sporting event by number of viewers -- IPL is considered the Super Bowl of cricket -- means access to hundreds of millions of eyeballs. More companies may still seek to join the race, which is expected to draw bids worth $5 billion or more, to acquire the media rights for the sporting event while those that sought the applications can decide to not bid, the people said. Last year’s edition of the IPL brought in 380 million viewers, and whichever broadcaster wins the rights will likely secure millions of new subscribers in a highly competitive market. A representative for BCCI and Walt Disney in India declined to comment. Spokespeople for Reliance, Amazon, Sony, Zee, and Dream11 didn’t immediately offer any comments on participating in the auction for IPL’s broadcast rights. The bidders will be vying to grow their advertising revenues as well as cement their clout in the broadcast sector. The upcoming auctions will be separately selling rights to broadcast matches on television and to stream them online for the first time, opening the door to Amazon and its Prime video service, and setting the stage for a ferocious fight with Ambani’s conglomerate that’s looking to expand its media and digital businesses. 