Sony Announces Fiscal 2017 Earnings Report | Achieves Recorded Operating Profit of 734.9 Billion Yen

FY 2017 was the final year of the second medium-term plan (FY 2015-FY 2017) of Sony President and CEO Hirai Hirai. In this fiscal year, Sony achieved a record operating profit of 734.9 billion yen.

At the same time, sales in China increased rapidly in FY17, injecting a strong impetus for the revival and growth of the Sony Group. Sony Gaoqiao Yang, Chairman of Sony China stated: 'Two major trends that are taking place in the Chinese market will be the next step for Sony's development. Strategic Opportunities: First, the construction and enrichment of the mobile Internet ecosystem. First, the diversified, personalized, and quality consumer demand that emerged during the consumer upgrade process. Sony will seize the opportunity to take advantage of the opportunities and develop the business in China. To the new strategic stage. '

In fiscal year 2017, Sony Group achieved sales of 8,544 billion yen, an increase of 940.7 billion yen from the previous fiscal year. This increase was mainly due to the increase in sales of most business units.

This fiscal year's operating profit increased by 446.2 billion yen year-on-year, and achieved the highest historical profit of 734.9 billion yen. In addition to the sales growth and exchange rate advantages mentioned above, operating profit growth was also due to the proceeds from the sale of subsidiaries that included the camera module business, music business Subsidiary company real estate transaction gains, semiconductor business insurance claims, semiconductor equipment manufacturing equipment sales revenue totaled about 56.7 billion yen included.

G&NS sales revenue increased by 18% year-on-year to 1,941.38 billion yen. Operating profit increased by 41.9 billion yen year-on-year to 177.5 billion yen. This increase was mainly due to the inclusion of PlayStation®4 sold via the Internet ( PS4) Increased software sales revenue, favorable exchange rates, and increased PlayStation®Plus subscription membership.

Music sales increased by 24% year-on-year to 800 billion yen. The significant increase in sales was mainly due to the increase in sales of visual media and platforms, and the increase in sales of recorded music. The increase in sales of visual media and platforms depends on mobile device gaming applications. The continued strong performance of Destiny/Credit Designation. The continuous increase in digital streaming music revenue has been the main reason for the increase in recording music sales. The best-selling music is P.nk's Beautiful Trauma, DJ Khaled's Grateful and Camila Cabello's Camila.

Operating profit increased by 52 billion yen year-on-year to 127.8 billion yen. The increase was mainly due to the above sales growth and the above-mentioned real estate transaction gains.

Revenues from the sales of movies and televisions (Pictures) increased by 12% year-on-year to 1,101 billion yen. They recorded an operating profit of 41.1 billion yen. Sales and profit growth (in US dollars) was mainly due to the increase in sales revenue from media networks, movies, and television programs. The increase in online sales revenue was mainly attributable to the increase in advertising and subscription revenues and the increase in ratings in the Indian market brought about by the acquisition of TEN Sports Network. The increase in movie sales was mainly due to the “Spider-Man: Return of Heroes” and “Brave Game: Jungle of Thrones” global scope. Strong box office performance. The sales growth of TV programs was mainly due to the increase in the licensing revenue of many American TV dramas, including the Goldberg Family, Good Medicine, and Philip Dick’s Electronic Dream.

Revenue from home entertainment and audio (HE&S) sales increased by 18% to 1,222.7 billion yen. Operating profit rose by 27.3 billion yen to 85.8 billion yen. Sales and operating profit growth was mainly due to improved product mix. Out of the high value-added models changed the improvement of this product mix. At the same time, the exchange rate also brought about positive effects.

Sales of video products and solutions business (IP&S) increased 13% year-on-year to 655.9 billion yen. Operating profit reached 74.9 billion yen, an increase of 27.7 billion yen. Excluding exchange rates, sales revenue and profit growth were mainly due to digital cameras and cameras. High value-added models transform this product mix.

Revenue from mobile communications (MC) sales decreased by 5% year-on-year to 723.7 billion yen. This decrease was mainly due to the decrease in the number of smartphones sold. The operating loss was 27.6 billion yen, which was mainly due to the long-term entry of 31.3 billion yen. Impairment of assets. Decline in sales volume and increase in the cost of core components have also affected performance. On the other hand, effective control of operating costs has offset some of the impact.

Sales revenue of Semiconductors (Semiconductors) increased 10% year-on-year to 850 billion yen. The increase in sales revenue was mainly due to the significant increase in sales of image sensors for mobile products.

Recorded operating profit of 164 billion yen. Significant increase in operating profit In addition to sales growth, it also recorded a profit of 28.3 billion yen from the sale of manufacturing unit of the camera module business, and 86 from the sale of factory equipment. Billion yen gains, and Kikuma earthquake insurance of 6.7 billion yen are compensated.

Financial Services (Financial Services) As sales of Sony Life increased significantly, sales revenue increased by 13.0% year-on-year to 1,228.4 billion yen. Operating profit increased by 12.5 billion yen to 178.9 billion yen.

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