Sony FY2020 Q3 Financial Results


Imaging & Sensing Solutions (I&SS) Sales are expected to be higher than the October forecast primarily due to higher-than-expected unit sales of image sensors for mobile products and digital cameras. Operating income is expected to be significantly higher than the October forecast primarily due to the impact of the above-mentioned expected increase in sales and an 8.5 billion yen gain from the reversal of inventory write-downs of certain image sensors for mobile products previously recorded in the quarter ended September 30, 2020.

• FY20 Q3 sales decreased 10% year-on-year to 266.9 billion yen primarily due to lower sales of image sensors for mobile.
• Operating income decreased 24.8 billion yen to 50.4 billion yen primarily due to the impact of the decrease in sales and an increase in research and development expenses and depreciation.
• FY20 sales are expected to increase 50 billion yen compared to our previous forecast to 1 trillion 10 billion yen and operating income is expected to increase a significant 55 billion yen to 136 billion yen.

via Sony

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