Slide 1: Q2 FY2019 Consolidated Financial Results
Q2 FY2019 Consolidated Financial Results (Three months ended September 30, 2019) October 30, 2019 Sony Corporation Q2 FY2019 Consolidated Results (Bln Yen) Q2 FY18 Q2 FY19 Change Sales & operating revenue 2,182.8 2,122.3 -60.5 bln yen （-3%） +39.4 bln yen Operating income 239.5 279.0 （+16%） +15.7 bln
Slide 2: Q2 FY2019 Consolidated Results: Year-on-year Change
Q2 FY2019 Consolidated Results: Year-on-year Change Contributing Factors Year-on-year Change (+) Increase／(-) Decrease ꞏ(--) Significant decreases in G&NS and EP&S segment sales ꞏ(+) Significant increase in I&SS segment sales Sales & operating -60.5 bln yen revenue ꞏ(+) Increases in Music and Pictur
Slide 3: Adjusted Income Before Income Taxes (Q2)
Adjusted Income Before Income Taxes (Q2) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes Impairment charge against long-lived assets in the EP&S Q2 FY18 246.4 bln yen 262.6 bln yen segment (-16.2 bln yen) Q2 FY19 262.
Slide 4: Q2 FY2019 Results by Segment [Reclassified]
Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q2) (Bln Yen) FY18 Net Income Attributable to Income Before Effective Taxes Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 246.4 59.3 24.1% 173.0 Adjusted items impacting effective tax rate - - - - Subtotal
Slide 5: 1H FY2019 Consolidated Results
1H FY2019 Consolidated Results (Bln Yen) 1H FY18 1H FY19 Change Sales & operating revenue 4,136.4 4,048.0 -88.4 bln yen （-2%） 434.5 509.9 +75.4 bln yen Operating income （+17%） 558.5 493.1 -65.4 bln yen Income before income taxes （-12%） 399.4 340.0 -59.4 bln yen Net income attributable to Sony Corpor
Slide 6: Adjusted Income Before Income Taxes (1H)
Adjusted Income Before Income Taxes (1H) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes Unrealized and realized gains on shares of Spotify (+117.8 bln yen, net) 1H FY18 558.5 bln yen 456.9 bln yen Impairment charge
Slide 7: 1H FY2019 Results by Segment [Reclassified]
Adjusted Net Income Attributable to Sony Corporation’s Stockholders (1H) (Bln Yen) FY18 Net Income Attributable to Income Before Effective Taxes Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 558.5 134.5 24.1% 399.4 Adjusted items impacting effective tax rate - - - - Subtota
Slide 8: FY2019 Consolidated Results Forecast
FY2019 Consolidated Results Forecast (Bln Yen) FY19 FY19 Change from FY18 July FCT October FCT July FCT 8,665.7 8,600 8,400 -200 bln yen Sales & operating revenue （-2%） 894.2 810 840 +30 bln yen Operating income （+4%） 1,011.6 770 800 +30 bln yen Income before income taxes （+4%） Net income attributab
Slide 9: FY2019 Results Forecast by Segment [Reclassified]
FY2019 Results Forecast by Segment [Reclassified] (Bln Yen) FY19 FY19 Change from FY18 July FCT October FCT July FCT Game & Network Services Sales 2,310.9 2,200 2,000 -200 (G&NS) Operating income 311.1 280 240 -40 Sales 807.5 830 850 +20 Music Operating income 232.5 135 140 +5 Sales 986.9 1,080 1,03
Slide 10: Music Segment / Pictures Segment
Music Segment Sales and Operating Income Sales (Bln Yen) Q2 FY2019 (year-on-year) Operating Income Sales: 15.4 bln yen (8%) increase (FX Impact: -5.0 bln yen) ꞏ(+) Higher sales for Music Publishing resulting from the consolidation of EMI 219.3 ꞏ(+) Higher sales for Recorded Music primarily due to
Slide 11: Electronics Products & Solutions / Imaging & Sensing Solutions Segments
Electronics Products & Solutions Segment Sales and Operating Income (Bln Yen) Q2 FY2019 (year-on-year) Sales 556.0 Operating Income 493.5 Sales: 62.5 bln yen (11%) significant decrease (FX Impact: -20.5 bln yen) ꞏ(--) Decrease in smartphone and television unit sales ꞏ(--) Impact of foreign exchang
Slide 12: Financial Services Segment; Cash, Debt Balance
Financial Services Segment Financial Services Revenue and Operating Income Q2 FY2019 (year-on-year) Financial Services Revenue Revenue: 23.7 bln yen (7%) increase Operating Income 377.2 (Bln Yen) 353.5 ꞏ (+) Increase in revenue at Sony Life (21.9 bln yen increase, revenue: 339.7 bln yen) ꞏ(+) Incr
Slide 13: Q2 FY2019 Cash Flow Analysis (Sony without Financial Services)
Q2 FY2019 Cash Flow (CF) Analysis (Sony without Financial Services) (Bln Yen) As of March 31, 2019 As of September 30, 2019 Cash – Debt*1 (Net Cash Operating CF +89.7 Investing CF -78.2 Other -172.3 Position) +397.7 -445.8 (Deterioration) -48.2 Adjusted Depreciation Other net income* 2 and operating
Slide 14: Notes / Cautionary Statement
Notes Sales on a Constant Currency Basis and the Impact of Foreign Exchange Rate Fluctuations The descriptions of sales on a constant currency basis reflect sales calculated by applying the yen’s monthly average exchange rates from the same period of the previous fiscal year to local currency-denomi