Entertainment, Technology & Services (ET&S)
Results for the fiscal year ended March 31, 2023
Sales increased 136.8 billion yen (6%) year-on-year to 2 trillion 476.0 billion yen (a 4% decrease on a constant currency basis). This increase in sales was primarily due to the impact of foreign exchange rates as well as an increase in sales of digital cameras resulting from higher unit sales, partially offset by a decrease in sales of televisions resulting from lower unit sales.
Operating income decreased 33.5 billion yen year-on-year to 179.5 billion yen. This decrease in operating income was mainly due to the impact of the above-mentioned decrease in sales of televisions, partially offset by the impact of the above-mentioned increase in sales of digital cameras. During the current fiscal year, there was a 9.4 billion yen positive impact from foreign exchange rate fluctuations.
Forecast for the fiscal year ending March 31, 2024
Sales are expected to decrease year-on-year due to a decrease in sales of televisions resulting from lower unit sales as well as the impact of foreign exchange rates. Operating income and Adjusted OIBDA are expected to be essentially flat year-on-year due to an increase in operating income of televisions resulting from a reduction in logistics and other operating expenses, partially offset by an increase in research and development expenses and other investment for growth areas.
Imaging & Sensing Solutions (I&SS)
Results for the fiscal year ended March 31, 2023
Sales increased 325.8 billion yen (30%) year-on-year to 1 trillion 402.2 billion yen (an 11% increase on a constant currency basis). This significant increase in sales was mainly due to the impact of foreign exchange rates and an increase in sales of image sensors for mobile products resulting from an improvement in the product mix, partially offset by a decrease in unit sales.
Operating income increased 56.6 billion yen year-on-year to 212.2 billion yen. This significant increase was mainly due to the positive impact of foreign exchange rates and the impact of the above-mentioned increase in sales, partially offset by an increase in research and development expenses as well as depreciation and amortization expenses, and an increase in manufacturing costs. During the current fiscal year, there was a 120.9 billion yen positive impact from foreign exchange rate fluctuations.
Forecast for the fiscal year ending March 31, 2024
Sales are expected to increase primarily due to an expected increase in sales of image sensors for mobile products resulting from an improvement in the product mix as well as an increase in unit sales. Operating income is expected to decrease year-on-year primarily due to an increase in depreciation and amortization expenses as well as research and development expenses, an increase in manufacturing costs, and the negative impact of foreign exchange rates, partially offset by the impact of the above-mentioned increase in sales. Adjusted OIBDA is expected to increase due to the impact of the above-mentioned increase in sales, partially offset by an increase in research and development expenses, an increase in manufacturing costs, and the negative impact of foreign exchange rates.
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