Category Archives: sony financials

Sony’s Fiscal Year 2013 results are out, painting a picture of a company that is happily coasting with decreased profitability as it looks towards the start of the next generation.

More »

Sony has confirmed that its financial report for the year ended March 31st 2013 will go public on May 9, and the company has confirmed its profit projection for the year has doubled.

More »

Sony’s Q3 financials are in and make for grim reading. The company’s game arm has seen a sharp decrease with a 15.1% drop in sales, accounting for an 86.4% income drop.

More »

Sony’s recent financials highlighted the poor performance of PS Vita and overall losses of 15.5 billion yen/$198 million. Today credit firm Fitch has cut the Japanese company’s credit rating due to its “loss of technology leadership in key products and the strong yen”, and issued a warning that aggressive restructuring would be needed to reverse its fortune. Get the report below.

More »

Sony has slashed its Q2 financial forecast in the face of flagging game sales, and lower-than-expected sales of PS Vita consoles.

More »

Sony has released its first quarter financial report, burying details of Vita hardware and software sales in what appears to have been a rather sombre three months for the Japanese giant.

More »

Sony has been hit by an annual loss of ¥456.7 billion ($5.74 billion) in comparison to the ¥259.6 billion loss last year, with PS3 sales also down.

More »

New CEO Kazuo Hirai has revealed Sony’s strategic plans to dig back out of several successive loss years, focussing on core businesses and making significant cuts.

More »

Sony announced a £4 billion annual loss today, filling the PlayStation doom-sayers’ guns with some monumental ammo. Don’t call the firing squad just yet, says Rob Fahey. The round you’re polishing is a dud.

More »

Sony has posted a loss of $1.2 billion for the quarter ending December 31, 2011, citing floods in Thailand as a major contributing factor for the disappointing result.

More »

Sony’s results for the three months ending September 30 have shown gains for the firm’s PS3 business, but the overall business has suffered heavy losses.

More »

Sony has revealed that it is expecting its earnings to be impacted heavily by the falling value of the euro and is unable to protect itself from the effects.

More »

Sony’s posted its results for the quarter ending June 30, showing PlayStation 3 sales significantly down for the period, from 2.4 million in FY2010 to 1.8 million in the current financial year.

More »

The PlayStation division at Sony has seen a ¥35 billion profit for its 2010 Fiscal Year ending March 31, 2011, with PS3 sales for the year up by 1.3 million units.

More »

While both PS3 and PSP saw drops in hardware sales for the Holiday quarter, both systems enjoyed rises in the software sales for the period.

More »

PSP sales fell dramatically in the quarter ending September 30, 2010, Sony said today, but the Networked Products and Services division – the company segment that holds all PlayStation products – moved to profit in Sony’s first half.

More »

Sony’s posted results for the quarter ending June 30, showing large year-on-year rises for both PS3 software and hardware, but the NPS division failed to make a profit for the period.

More »

Somewhere, off in an – in all likelihood fictional – alternate universe, Kevin Butler’s riding a golden jet ski powered by fuel made from ground-up diamonds.

Of course, he always did that. But now, Sony can actually afford it.

More »

During a presentation to investors, Sony revealed that all PS3 systems are upgradeable to stereoscopic 3D via firmware updates, and the company plans to integrate 3D through Blu-ray and HDTV sets as well.

The company’s goal is to “lead the 3D market” and offer 3D tools to developers that wish to create games with three-dimensional play.

Plans to install 3,000 Sony 3D theater projectors in cinemas the end of the year is another part of the plan, which when combined the aforementioned plan, the company believes it will achieve profitability by March 2011, according to CEO Howard Stringer.

Sony’s projecting a $1 billion (¥95 billion) loss for its current fiscal year, ending March 2010, but Howard says that current money-saving plans are paying off.

“Our work is already bearing fruit,” he said before adding that the company still has “more work to do”.

Howard also revealed that Sony is ahead of its planned restructuring schedule of saving $5.6 billion (¥500 billion) in costs, part of which was a direct result of the  12 percent reduction of its total workforce (19,500 jobs) over the last year.

Yesterday, Sony announced that it has seen a 70 percent growth in sales for PS3 when compared to October 2008, making it “the only console to experience significant growth year over year”.

Via Gamasutra, Associated Press.

Sony’s Q2 financials today have taken total PlayStation division losses to $4.7 billion since PS3 launched in November 2006.

The facts:

• FY 2007: -$1,970,923,859
• FY 2008: -$1,079,994,103
• FY 2009: -$577,207,240
• FY 10Q1: -$413,541,667
• FY 10Q2: -$653,333,333

Total loss: $4,695,000,202

All figures come from Sony’s investor relations page.

Note that both quarters so far this financial year include losses from Sony’s Vaio business. Figures for the full fiscal years are losses purely from gaming. Prior to Q1 this year, the division was called “Game”: it’s now known as the “Networked Products & Services” division.

It’s also worth noting the following. These are the losses Microsoft’s Xbox division suffered during the first Xbox’s release. As you can see, they’re not as heavy as those currently being incurred by Sony:

• FY 2002: -$1,135,000,000
• FY 2003: -$1,191,000,000
• FY 2004: -$1,337,000,000
• FY 2005: -$539,000,000

Total loss: $4,202,000,000

Thanks, Psychotext. You can read a full breakdown of where the platform holders stand financially in this NeoGAF post.