Sony Group Corporation · TSE:6758
Sony — Q2 2025 Earnings Presentation
15 slides from Sony's earnings presentation, Nov 11, 2025
Slide 1: Q2 FY2025 Consolidated Financial Results
Q2 FY2025 Consolidated Financial Results (Three months ended September 30, 2025) November 11, 2025 Sony Group Corporation
Slide 2: Changes in Disclosure Classification of Consolidated Results
Changes in Disclosure Classification of Consolidated Results Effective October 1, 2025, Sony Group Corporation executed a partial spin-off (the “Spin-off”) of Sony Financial Group Inc. (“SFGI”), a formerly wholly-owned subsidiary which operates the Financial Services business. As a result of the r
Slide 3: Q2 FY2025 Results for Continuing Operations
Q2 FY2025 Results for Continuing Operations *1 (Bln Yen) Q2 FY24 Q2 FY25 Change 2,971.2 3,107.9 +136.7 Sales （+5%） Operating income 389.3 429.0 +39.6 （+10%） Operating income margin 13.1% 13.8% +0.7 pts Income before income taxes 384.5 441.8 +57.3 （+15%） Net income attributable to +19.7 Sony Group Co
Slide 4: Q2 FY2025 Results for Continuing Operations: Year-on-year Change
Q2 FY2025 Results for Continuing Operations: Year-on-year Change Contributing Factors Year-on-year Change (+) Better／(-) Worse ・(+) Increases in Music and I&SS segments sales +136.7 bln yen Sales +5% On a constant currency basis*, sales increased approximately 5% +39.6 bln yen Operating income ・(+)
Slide 5: Q2 FY2025 Results by Segment
Q2 FY2025 Results by Segment (Bln Yen) Q2 FY24 Q2 FY25 Change FX Impact Game & Network Services Sales 1,071.5 1,113.2 +41.6 +9.7 (G&NS) Operating income 138.8 120.4 -18.5 +10.8 Sales 448.2 542.4 +94.2 -5.7 Music Operating income 90.4 115.4 +25.0 Sales 355.8 346.0 -9.8 -3.2 Pictures Operating income
Slide 6: FY2025 Results Forecast including Tariff Impact: Change from August Forecast
FY2025 Results Forecast for Continuing Operations including Tariff Impact: Change from August Forecast Change from Contributing Factors August forecast (+) Better／(-) Worse +300 bln yen ・(+) Increases in G&NS and Music segments sales Sales +3% Operating income +100 bln yen ・(+) Increases in I&SS and
Slide 7: FY2025 Results Forecast for Continuing Operations including Tariff Impact
FY2025 Results Forecast for Continuing Operations including Tariff Impact (Bln Yen) FY25 FCT*1 FY24 Change from August November August Sales 12,034.9 11,700 12,000 +300 （+3%） Operating income 1,276.6 1,330 1,430 +100 （+8%） (Estimated tariff impact on operating income*2) － -70 -50 +20 Operating incom
Slide 8: FY2025 Results Forecast by Segment
FY2025 Results Forecast by Segment The estimated tariff impact was not reflected in the forecasts for each segment in the August forecast, but it has been reflected in the November forecasts for each segment. （Bln Yen） FY25 FCT FY24 August November Changes from Tariff impact on August operating in
Slide 9: Game & Network Services Segment (G&NS Segment)
Game & Network Services Segment (G&NS Segment) Sales, Operating Income and Adjusted OIBDA Q2 FY2025 (year-on-year) Sales (Bln Yen) Sales: 41.6 bln yen (4%) increase (FX Impact: +9.7 bln yen) Operating Income ·(+) Increase in sales from network services Adjusted OIBDA ·(+) Increase in sales of game
Slide 10: Music Segment
Music Segment Sales, Operating Income and Adjusted OIBDA Sales (Bln Yen) Q2 FY2025 (year-on-year) Operating Income Sales: 94.2 bln yen (21%) increase (FX Impact: -5.7 bln yen) Adjusted OIBDA 542.4 ・(+) Higher revenues in Visual Media & Platform mainly due to the contribution from 448.2 Demon Slaye
Slide 11: Pictures Segment
Pictures Segment Sales, Operating Income and Adjusted OIBDA Q2 FY2025 (year-on-year) Sales (Bln Yen) The following analysis is on a U.S. dollar basis Operating Income Sales: 9.8 bln yen (3%) decrease (U.S. dollar basis: -38 mil USD / -2%) Adjusted OIBDA ·(ー) Lower revenues from theatrical releases
Slide 12: Entertainment, Technology & Services Segment (ET&S Segment)
Entertainment, Technology & Services Segment (ET&S Segment) Sales, Operating Income and Adjusted OIBDA Sales (Bln Yen) Q2 FY2025 (year-on-year) Operating Income Adjusted OIBDA Sales: 44.0 bln yen (7%) decrease (FX Impact: -1.7 bln yen) 619.8 ·(ー) Decrease in unit sales in Displays 575.7 OI: 9.2
Slide 13: Imaging & Sensing Solutions Segment (I&SS Segment)
Imaging & Sensing Solutions Segment (I&SS Segment) Sales, Operating Income and Adjusted OIBDA (Bln Yen) Sales Q2 FY2025 (year-on-year) Operating Income Sales: 79.1 bln yen (15%) increase (FX Impact: -10.5 bln yen) Adjusted OIBDA 614.6 ·(+) Increase in sales of image sensors for mobile products 535
Slide 14: Notes
Notes Notes about Adjusted OIBDA Adjusted OIBDA (Operating Income Before Depreciation and Amortization) is calculated by the following formula: Adjusted OIBDA = Operating income + Depreciation and amortization expense* - the profit and loss amount that Sony deems non-recurring * In the above formula
Slide 15: Cautionary Statement
Cautionary Statement Statements made in this material with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not limite