Tag Archives: sony financials

Sony CFO Masaru Kato told investors during a call discussing the firm’s Q3 2012 results that it needs to do “a better job in promoting” Vita.

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

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Sony has said NGP is still on track for release this year in case you had any doubts.

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Sony has said the recent external intrusion of PlayStation Network will set the company back about ¥14 billion (£106 million/$171 million).

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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.