Sony's Q4 Financial Highlights

Sony Group Corporation has reported a 8.7% increase in net income for the fourth quarter of fiscal year 2024, reaching ¥197.3 billion ($1.34 billion). However, the company faced challenges as operating income fell by 11% to ¥203.6 billion ($1.38 billion), and income before taxes saw a significant 23% decline to ¥212.6 billion ($1.44 billion). Despite these hurdles, diluted earnings per share (EPS) showed resilience, growing by ¥1.91 to ¥32.63 ($0.22).

Annual Financial Overview

For the full year 2024, Sony's net income witnessed an 18% surge to ¥1.14 trillion ($7.76 billion). Operating income, however, decreased by 16% to ¥1.41 trillion ($9.57 billion), while income before taxes experienced a 16% increase to ¥1.43 trillion ($10.1 billion). The diluted EPS also saw an upward trend, rising by ¥30.78 to ¥187.92 ($1.27).

Sales Performance

The fourth-quarter sales took a hit with a 24% year-on-year drop to ¥2.63 trillion ($17.88 billion). On the brighter side, the full-year sales remained steady at ¥12.96 trillion ($88.1 billion), showcasing the company's ability to maintain stability in challenging times.