Slide 1: FY2019 Consolidated Financial Results
FY2019 Consolidated Financial Results (Fiscal year ended March 31, 2020) May 13, 2020 Sony Corporation FY2019 Consolidated Results (Bln Yen) FY18 FY19 Change Sales & operating revenue 8,665.7 8,259.9 -405.8 bln yen （-5%） Operating income 894.2 845.5 -48.8 bln yen （-5%） Income before income taxes 1,0
Slide 2: Q4 FY2019 Consolidated Results
Q4 FY2019 Consolidated Results (Bln Yen) Q4 FY18 Q4 FY19 Change Sales & operating revenue 2,127.5 1,748.7 -378.8 bln yen （-18%） Operating income 82.7 35.4 -47.3 bln yen （-57%） Income before income taxes 112.6 -4.0 -116.6 bln yen （- %） Net income attributable to 87.9 12.6 -75.2 bln yen Sony Corporati
Slide 3: Adjusted Operating Income
Adjusted Operating Income Operating Adjusted Adjusted Operating Income excludes the following items* Income Operating Income Remeasurement gain resulting from the consolidation of EMI (Music segment: +116.9 bln yen) FY18 894.2 bln yen 809.3 bln yen Impairment charge against long-lived assets (EP
Slide 4: Adjusted Income Before Income Taxes
Adjusted Income Before Income Taxes Income Adjusted Income Adjusted Income Before Income Taxes Before Before Income excludes the following items* Income Taxes Taxes Unrealized and realized gains on shares of Spotify (+117.8 bln yen, net) Remeasurement gain resulting from the consolidation of EMI
Slide 5: Adjusted Net Income Attributable to Sony Corporation's Stockholders
Adjusted Net Income Attributable to Sony Corporation’s Stockholders Net Income Adjusted Net Attributable to Income Attributable Adjusted Net Income Attributable to Sony Corporation’s Stockholders Sony to Sony excludes the following items*1 Corporation’s Corporation’s Stockholders Stockholders Real
Slide 6: FY2019 Cash Flow by Segment (Sony without Financial Services)
Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q4) Net Income Adjusted Net Attributable to Income Attributable Adjusted Net Income Attributable to Sony Corporation’s Stockholders Sony to Sony excludes the following items* Corporation’s Corporation’s Stockholders Stockholders
Slide 7: FY2019 Results by Segment [Reclassified]
FY2019 Results by Segment [Reclassified] (Bln Yen) FY18 FY19 Change FX Impact Sales 2,310.9 1,977.6 -333.3 -65.4 Game & Network Services (G&NS) Operating income 311.1 238.4 -72.7 -12.2 Sales 807.5 849.9 +42.4 -11.2 Music Operating income 232.5 142.3 -90.1 Sales 986.9 1,011.9 +25.0 -22.1 Pictures Ope
Slide 8: Q4 FY2019 Results by Segment [Reclassified]
Q4 FY2019 Results by Segment [Reclassified] (Bln Yen) Q4 FY18 Q4 FY19 Change FX Impact Sales 498.1 433.6 -64.5 -9.6 Game & Network Services (G&NS) Operating income 63.9 46.2 -17.8 -0 Sales 212.8 211.4 -1.4 -1.7 Music Operating income 21.8 30.3 +8.6 Sales 294.2 329.1 +35.0 -4.4 Pictures Operating inc
Slide 9: Game & Network Services and Music Segments
Impact of the Spread of the New Coronavirus Disease (G&NS Segment) PlayStation®4 hardware sales trending well Network services revenue increased PlayStation®5 on track for launch in this holiday season No major issues in game software development at this point 16 Music Segment Sales and Oper
Slide 10: Music Segment Impact and Pictures Segment
Impact of the Spread of the New Coronavirus Disease (Music Segment) Delays in new music due to the impact on recording activities Decrease in sales of CDs and other media due to restrictions on going outside Decline in ticket revenue, merchandising revenue and video revenue due to cancellation
Slide 11: Pictures Impact and EP&S Segment
Impact of the Spread of the New Coronavirus Disease (Pictures Segment) Delays in theatrical releases due to the closure of movie theaters and production delays • Decrease in revenue including theatrical revenue Digital sales for Motion Pictures trending well Delays in the delivery of shows due
Slide 12: EP&S Impact and Imaging & Sensing Solutions Segment
Impact of the Spread of the New Coronavirus Disease (EP&S Segment) Supply shortage due to reduced production at factories Delay in production due to component shortages Retail sales decrease due to the closure and shutdown of retail stores globally 22 Imaging & Sensing Solutions Segment (I&SS
Slide 13: I&SS Impact and Financial Services Segment
Impact of the Spread of the New Coronavirus Disease (I&SS Segment) Image sensor manufacturing facilities are operating as usual Supply chains of our customers have been recovering We continue to monitor slowdown in the smartphone market 24 Financial Services Segment Financial Services Revenue
Slide 14: Estimate of FY2020 Operating Income (Excluding Financial Services)
Impact of the Spread of the New Coronavirus Disease (Financial Services Segment) All in-person sales activity of the life planners at Sony Life has stopped • Decrease in acquisition of new insurance policies Potential impact on financial results due to fluctuations in the financial market 26 Est
Slide 15: Cash, Debt Balance (Sony without Financial Services)
Cash, Debt Balance (Sony without Financial Services) (Bln Yen) Cash and cash equivalents (Cash) Fiscal year ended March 31, 2020 Fiscal year ended March 31, 2019 Short-term borrowings Long-term debt Short-term operating Debt 1,193.2 lease liabilities + Long-term operating 960.5 Cash 960.5 lease liab
Slide 16: FY2019 Cash Flow Analysis (Sony without Financial Services)
FY2019 Cash Flow (CF) Analysis (Sony without Financial Services) (Bln Yen) As of March 31, 2019 As of March 31, 2020 Cash – Debt*1 Operating CF +762.9 Investing CF -363.1 Other -315.1 (Net Cash Position) +397.7 -248.6 (Deterioration) +149.0 Adjusted Depreciation Decrease Other net income* 2 and in w
Slide 17: Notes (Continued) Cautionary Statement
Notes (Continued) Assumptions for Estimated Impact Amount of the Spread of the New Coronavirus Disease on FY2019 Consolidated Operating Income Assumptions for estimated impact amount of the spread of the new coronavirus disease on FY2019 consolidated operating income include: • In the G&NS segment,