Sony FY Profit Rises, To Buy Back 250 Bln Yen Of Shares; Updates On Spin-off Of Financial Unit
From Nasdaq: 2025-05-14 03:40:00
Sony Group Corp. reported a rise in net income for fiscal year 2025, reaching 1.142 trillion yen. The company also announced a stock buyback and provided updates on the partial spin-off of its financial services business. Looking ahead to fiscal year 2026, Sony expects a decline in net income but a rise in operating income. Despite an increase in operating income, total sales and financial services revenue dropped in fiscal year 2025. Sony is proceeding with preparations for the partial spin-off of Sony Financial Group Inc., planning to distribute shares to shareholders. Visit rttnews.com for more earnings news.
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