Sony Q4 FY3/2023 Financial Results - HW: 6.3M (+215% YoY)

[Bryank75]

Sony posts record annual profit boosted by chips and all-time high PlayStation 5 sales

Sony said it sold 19.1 million PlayStation 5 units in its fiscal year, beating its own forecast of 18 million units.

www.cnbc.com

Game & Network Services (G&NS)

Results for the fiscal year ended March 31, 2023 Sales increased 904.8 billion yen (33%) year-on-year to 3 trillion 644.6 billion yen (an 18% increase on a constant currency basis). This significant increase in sales was mainly due to the impact of foreign exchange rates, an increase in sales of hardware and an increase in sales of first-party titles, partially offset primarily by a decrease in sales of non-first-party titles including add-on content. Operating income decreased 96.1 billion yen year-on-year to 250.0 billion yen. This significant decrease was primarily due to an increase in costs, mainly for game software development and expenses associated with acquisitions completed in the current fiscal year including Bungie, Inc.*, in addition to the impact of the above-mentioned decrease in sales of non-first-party titles. This decrease in operating income was partially offset by the impact of the above-mentioned increase in sales of first-party titles as well as a decrease in losses from hardware. During the current fiscal year, there was a 32.4 billion yen negative impact from foreign exchange rate fluctuations. * 52.7 billion yen was recorded as expenses associated with acquisitions completed in the current fiscal year. For details regarding the acquisition of Bungie, Inc., please refer to pages F-21 and F-22.

Forecast for the fiscal year ending March 31, 2024

Sales are expected to increase year-on-year mainly due to an expected increase in sales of hardware and peripheral devices, partially offset primarily by the impact of foreign exchange rates. Operating income and Adjusted OIBDA are expected to increase year-onyear mainly due to an expected improvement in hardware profitability and the positive impact of foreign exchange rates reflecting the high ratio of U.S. dollar-denominated costs, in addition to the impact of the above-mentioned expected increase in sales of peripheral devices. These increases are expected to be partially offset primarily by an expected increase in costs* and the impact of an expected decrease in sales of first-party titles. * This increase in costs is expected to be partially offset by a decrease in expenses resulting from an expected increase in the capitalized amount of game software development costs from the fiscal year ending March 31, 2024 onward.

2023 Console sales forecast;

Sources

Financial Statements - https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/22q4_sony.pdf
Presentation - https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/22q4_sonypre.pdf
Supplemental Information - https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/22q4_supplement.pdf

Sony Q4 FY3/2023 Financial Results - HW: 6.3M (+215% YoY, FCT surpassed!) ; SW: 68M (-4% YoY) [Edit: Business meeting !]

https://www.sony.com/en/SonyInfo/IR/library/presen/er/ Game & Network Services (G&NS) Results for the fiscal year ended March 31, 2023 Sales increased 904.8 billion yen (33%) year-on-year to 3 trillion 644.6 billion yen (an 18% increase on a constant currency basis). This significant...

www.installbaseforum.com

 

[Bryank75]

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