Sony FY2021 Q3 Financial Report

EP&S
• Next is the Electronics Products & Solutions (“EP&S”) segment.
• Despite a favorable impact on sales from foreign exchange rates, Q3 sales decreased 2% year-on-year to 686.9 billion yen, primarily due to a decrease in the unit sales of our products resulting from a decline in stay-at-home demand and a shortage in the supply of components.
• Despite the favorable impact of foreign exchange rates and an improvement in product mix, operating income decreased 23.3 billion yen year-on-year to 80.0 billion yen, primarily due to the impact of the decrease in sales.
• FY21 sales are expected to increase 80 billion yen compared to our previous forecast to 2 trillion 360 billion yen and operating income is expected to increase 20 billion yen compared to our previous forecast to 210 billion yen.
• Operating income margin this fiscal year is expected to exceed 8%. The efforts we have been making to improve our profitability are steadily bearing fruit.

I&SS
• Next is the Imaging & Sensing Solutions (“I&SS”) segment.
• FY21 Q3 sales increased a significant 22% year-on-year to 324.8 billion yen, primarily due to an increase in sales of high-end image sensors for mobile products.
• Operating income increased 13.3 billion yen year-on-year to 64.7 billion yen, primarily due to the impact of the increase in sales.
• Our FY21 sales are expected to decrease 30 billion yen compared to our previous forecast to 1 trillion 70 billion yen.
• The FY21 operating income forecast remains unchanged from the previous forecast.

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