Sony FY2023 Financial Results
Entertainment, Technology & Service Segment take aways.
- FY23 sales were 2 trillion 453.7 billion yen, essentially flat year-on-year. This was mainly due to a decrease in the unit sales of televisions, offset
by an impact from foreign exchange rates.
- Operating income increased 7.9 billion yen year-on-year to 187.4 billion yen, mainly due to the favorable impact of foreign exchange rates and the
benefit of cost reductions, despite the impact of lower sales in televisions.
- Our FY24 forecast for sales is 2 trillion 370 billion yen and operating income is 190 billion yen.
Imaging & Sensing Solutions Segment Take Aways
- • FY23 sales increased a significant 14% year-on-year to 1 trillion 602.7 billion yen, mainly due to increased sales of image sensors for mobile
products and the impact of foreign exchange rates.
- Despite the impact of increased sales, operating income decreased 18.7 billion yen year-on-year to 193.5 billion yen mainly due to an increase in
expenses including depreciation and amortization expenses.
- Our FY24 forecast for sales is 1 trillion 840 billion yen and operating income is 270 billion yen which would be a new record for this segment.
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