From CNBC: 2024-05-14 03:09:25

Sony reported a 7% drop in annual profits for fiscal year 2023 due to a decline in its financial services division. Despite this, the company saw a 14% increase in revenue, reaching 3.5 trillion yen, and a 57% jump in operating profit, totaling 229.4 billion yen.

Sony narrowly missed its forecast for PlayStation 5 unit sales, with 20.8 million consoles sold in fiscal year 2023, below the revised target of 21 million units. The company’s financial services and imaging solutions businesses contributed to the decrease in operating income.

For the current fiscal year, Sony is forecasting a 5% drop in overall group revenue, expecting sales to reach 12.3 trillion yen. Operating income is expected to increase to 1.28 trillion yen, up 5% from the previous year.



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