A picture to understand Sony's 2021 fiscal year Q3 financial report! Operating profit was JPY 465.2 billion

[CNMO News] A few days ago, Sony officially announced its fiscal 2021 Q3 financial report. Thanks to the strong performance of the film and television, music, semiconductor and financial businesses, Sony's sales revenue reached 3,031.3 billion yen from October to December 2021, an increase of 13% year-on-year; the quarter achieved operating profit of 465.2 billion yen (about 25.687 billion yuan), of which the film and television, semiconductor and game businesses made important contributions. Excluding one-time factors such as equity interests (this fiscal year and the previous fiscal year), asset write-downs, and COVID-19 fund expenses, the operating profit in the quarter soared by 15% year-on-year! Net profit was JPY 293.2 billion (approximately RMB16.189 billion).

A picture to understand Sony's 2021 fiscal year Q3 financial report

For reference, Sony's sales revenue in the second quarter of fiscal 2021 (July-September) reached 2,369.4 billion yen (up 13 percent year-on-year); the Group achieved an operating profit of 318.5 billion yen. Compared with the second quarter, Sony's operating income in the third quarter increased a lot.

In terms of specific businesses, in the third quarter of fiscal 2021, Sony's game and network services business (G&NS) operating profit reached 92.9 billion yen, music business operating profit was 55.1 billion yen, film and television business operating profit was 149.4 billion yen, electronics and solutions business (EP&S) operating profit was 80 billion yen, imaging and sensor solutions (I&SS) operating profit was 64.7 billion yen, and financial services business operating profit was 35.2 billion yen.

Sony's performance of six main businesses in the third fiscal quarter of 2021

Sony's three major entertainment businesses achieved healthy growth. Revenue from recorded music, music distribution, and streaming services supported by paid streaming subscriptions continued to rise; game hardware and content sales growth slowed, but the control of SGA fees and PS5 strategic pricing costs contributed to the increase in operating profit; film and television revenue soared, mainly due to the box office hits of the two new series of "Spider-Man" and "Venom", the growth of TV licensing revenue of "Seinfeld" and the increase in media network sales brought by Crunchyroll.

At the same time, Sony Group announced that it has raised its business forecast for the full year of fiscal 2021, and that its operating profit is expected to reach 1.2 trillion yen (operating profit in the previous fiscal year was 955.3 billion yen).