| Sony Group Corporation |
| (Amounts are rounded to the nearest million yen unless otherwise noted.) |
| 1. Consolidated financial results for the six months ended September 30, 2024 (from April 1, 2024 to September 30, 2024) |
| (1) Consolidated operating results (cumulative)(Percentages indicate year-on-year changes.) |
|
Consolidated |
Sales and financial services revenue |
Operating income |
Income before income taxes |
Net income |
Net income attributable to Sony Group Corporation’s stockholders |
| Six months ended |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
| September 30, 2024 |
5,917,246 |
2.2 |
734,183 |
42.3 |
767,114 |
43.8 |
575,653 |
37.4 |
570,134 |
36.5 |
| September 30, 2023 |
5,792,275 |
19.3 |
516,051 |
-29.7 |
533,629 |
-25.9 |
419,098 |
-23.3 |
417,650 |
-23.1 |
|
|
Consolidated |
Total comprehensive income |
Adjusted OIBDA* |
Adjusted EBITDA* |
Basic earnings per share*1 |
Diluted earnings per share*1 |
| Six months ended |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen |
Yen |
| September 30, 2024 |
370,021 |
-37.1 |
1,081,394 |
31.6 |
1,068,457 |
28.3 |
93.84 |
93.53 |
| September 30, 2023 |
588,685 |
-23.7 |
822,038 |
-14.9 |
832,572 |
-15.4 |
67.70 |
67.48 |
|
| Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above figures for basic earnings per share and diluted earnings per share are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ending March 31, 2024. |
| For all segments excluding Financial
Services* |
Sales and financial services revenue |
Operating income |
Income before income taxes |
Net income attributable to Sony Group Corporation’s stockholders |
Adjusted OIBDA* |
Adjusted EBITDA* |
| Six months ended |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
| September 30, 2024 |
5,540,878 |
10.5 |
638,467 |
43.2 |
671,398 |
30.8 |
501,913 |
19.9 |
972,056 |
31.7 |
959,119 |
20.1 |
| September 30, 2023 |
5,014,696 |
12.2 |
445,865 |
-13.3 |
513,477 |
-5.2 |
418,548 |
-1.6 |
737,947 |
-2.3 |
798,515 |
-1.9 |
|
| (2) Consolidated financial position |
| |
Total assets |
Total equity |
Equity attributable to Sony Group Corporation’s stockholders |
The ratio of equity attributable to Sony Group Corporation’s stockholders to total assets |
| As of |
Yen in millions |
Yen in millions |
Yen in millions |
% |
| September 30, 2024 |
34,280,701 |
8,015,820 |
7,708,972 |
22.5 |
| March 31, 2024 |
34,107,490 |
7,756,105 |
7,587,177 |
22.2 |
|
| 2. Dividends |
| |
Annual dividends per share |
| First quarter-end |
Second quarter-end |
Third quarter-end |
Year-end |
Total |
|
Fiscal year ended March 31, 2024 Fiscal year ending March 31, 2025 |
Yen |
Yen |
Yen |
Yen |
Yen |
|
-
- |
40.00
50.00 |
- |
45.00 |
85.00 |
| |
|
|
| Fiscal year ending March 31, 2025
(Forecast)*2 |
|
|
- |
10.00 |
- |
Note: Revisions to the forecast of dividends most recently announced: No |
| *2 Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above year-end dividend per share forecast for the fiscal year ending March 31, 2025, is based on several shares taking into account the stock split. The total annual dividend per share forecast for the fiscal year ending March 31, 2025, is not presented because the total of the interim dividend and the year-end dividend cannot be calculated due to the effect of the stock split. Without taking the stock split into account, the year-end dividend per share forecast for the fiscal year ending March 31, 2025, would be 50 yen and the total annual dividend per share forecast for the fiscal year ending March 31, 2025, would be 100 yen. |
| 3. Forecast for Consolidated Results for the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025) |
| (Percentages indicate year-on-year changes.) |
| Fiscal year ending March 31, 2025 |
Sales and financial services revenue |
Operating income |
Income before income taxes |
Net income attributable to Sony Group Corporation’s stockholders |
Adjusted OIBDA* |
Adjusted EBITDA* |
| |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
Yen in millions |
% |
| Consolidated |
12,710,000 |
-2.4 |
1,310,000 |
8.4 |
1,335,000 |
5.2 |
980,000 |
1.0 |
1,995,000 |
9.2 |
1,995,000 |
9.7 |
| For all segments excluding Financial Services* |
11,800,000 |
4.7 |
1,165,000 |
12.5 |
1,190,000 |
3.9 |
875,000 |
-2.4 |
1,825,000 |
11.0 |
1,825,000 |
8.2 |
Note: Revisions to the forecast for the fiscal year ending March 31, 2025, most recently announced: Yes |
| * Adjusted OIBDA (Operating Income Before Depreciation and Amortization), Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and figures for all segments excluding Financial Services are not measured by IFRS Accounting Standards. However, Sony Group Corporation believes that these disclosures may be useful information to investors. Adjusted OIBDA and Adjusted EBITDA are calculated by the following formulas, respectively. For the reconciliations for Adjusted OIBDA and Adjusted EBITDA, please refer to “Q2 FY2024 Consolidated Financial Results” (the presentation material for the earnings announcement) disclosed on the same date as this document on the Timely Disclosure Network (“TDnet”) of the TSE, the Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) system of the U.S. Securities and Exchange Commission (the “SEC”) and the website of Sony Group Corporation. |
| Adjusted OIBDA = Operating income + Depreciation and amortization expense excluding amortization for film costs and broadcasting rights, as well as for internally developed game content and master recordings included in Content assets - the profit and loss amount that Sony deems non-recurring. |
| Adjusted EBITDA = Net income attributable to Sony Group Corporation’s stockholders + Net income attributable to noncontrolling interests + Income taxes + Interest expenses, net, recorded in Financial income and Financial expense - Gain on revaluation of equity instruments, net, recorded in Financial income and Financial expense + Depreciation and amortization expense excluding amortization for film costs and broadcasting rights, as well as for internally developed game content and master recordings included in Content assets - the profit and loss amount that Sony deems non-recurring. |
| For details about the preparation of the Financial Statements for all segments excluding Financial Services, please refer to page 17 of the Appendix. |
| Notes |
| (1) Significant changes in the scope of consolidation during the period: No |
| (2) Changes in accounting policies and changes in accounting estimates: |
| (i) Changes in accounting policies required by IFRS Accounting Standards: Yes |
| (ii) Changes in accounting policies due to other reasons: No |
| (iii) Changes in accounting estimates: No |
| (3) Number of issued shares (common stock): |
| (i) Total number of issued shares at the end of the period (including treasury stock) |
| As of September 30, 2024 |
6,243,097,945 shares |
| As of March 31, 2024 |
6,306,159,445 shares |
|
| (ii) Number of shares of treasury stock at the end of the period |
| As of September 30, 2024 |
208,436,240 shares |
| As of March 31, 2024 |
198,915,015 shares |
|
| (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) |
| Six months ended September 30, 2024 |
6,075,284,132 shares |
| Six months ended September 30, 2023 |
6,169,576,238 shares |
|
| Notes: |
| 1 Please refer to “Notes to Condensed Semi-annual Consolidated Financial Statements - Accounting Policy and Other Information (Net Income Attributable to Sony Group Corporation’s Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)” for number of shares used as basis for calculating consolidated per share data. |
| 2 Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above figures for the number of issued shares (common stock) are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2024. |
| * Consolidated Financial Summary for the Second Quarter (Semi-annual) is exempt from review conducted by certified public accountants or an audit firm. |
| * Proper use of earnings forecasts, and other special matters: |
| Please refer to the “Cautionary Statement” on page 24 of the Appendix for assumptions and other matters related to the forecast of financial results. |
| Supplementary materials on financial results including the presentation material for the earnings announcement are available on Sony Group Corporation’s website along with this document. |
| For the full document click the link below: |
| Sony Group Corporation |
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