Sony Group Corporation · TSE:6758
Sony — Q2 FY2025 Earnings Presentation
15 slides from Sony's earnings presentation, Nov 12, 2025
Slide 1: Q2 FY2025 Consolidated Financial Results
Q2 FY2025 Consolidated Financial Results (Three months ended September 30, 2025) Sony Group Corporation November 11, 2025
Slide 2: Changes in Disclosure Classification of Consolidated Results
1 Changes in Disclosure Classification of Consolidated Results *1 From Q1 FY25, the results for FY24, the comparative period, has been re-presented to conform to the classification of continuing operations and the discontinued operation in accordance with IFRS Accounting Standards (applies to all fo
Slide 3: Q2 FY2025 Results for Continuing Operations
2 Q2 FY2025 Results for Continuing Operations*1 (Bln Yen) Q2 FY24 Q2 FY25 Change Sales 2,971.2 3,107.9 +136.7 （+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 Sony Group Corpora
Slide 4: Q2 FY2025 Results for Continuing Operations: Year-on-year Change
3 Q2 FY2025 Results for Continuing Operations: Year-on-year Change Year-on-year Change Contributing Factors (+) Better／(-) Worse Sales +136.7 bln yen +5% ・(+) Increases in Music and I&SS segments sales On a constant currency basis*, sales increased approximately 5% Operating income +39.6 bln yen +10
Slide 5: Q2 FY2025 Results by Segment
4 Q2 FY2025 Results by Segment (Bln Yen) Q2 FY24 Q2 FY25 Change FX Impact Game & Network Services (G&NS) Sales 1,071.5 1,113.2 +41.6 +9.7 Operating income 138.8 120.4 -18.5 +10.8 Music Sales 448.2 542.4 +94.2 -5.7 Operating income 90.4 115.4 +25.0 Pictures Sales 355.8 346.0 -9.8 -3.2 Operating incom
Slide 6: FY2025 Results Forecast including Tariff Impact: Change from August Forecast
5 FY2025 Results Forecast for Continuing Operations including Tariff Impact: Change from August Forecast Change from August forecast Contributing Factors (+) Better／(-) Worse Sales +300 bln yen +3% ・(+) Increases in G&NS and Music segments sales Operating income (After tariff impact) +100 bln yen +8
Slide 7: FY2025 Results Forecast for Continuing Operations including Tariff Impact
6 FY2025 Results Forecast for Continuing Operations including Tariff Impact (Bln Yen) FY24 FY25 FCT*1 August November Change from 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 inc
Slide 8: FY2025 Results Forecast by Segment
7 FY2025 Results Forecast by Segment （Bln Yen） FY24 FY25 FCT August November Changes from August Tariff impact on operating income Game & Network Services （G&NS） Sales 4,670.0 4,320 4,470 +150 Operating income 414.8 500 500 － -30 Music Sales 1,842.6 1,870 1,980 +110 Operating income 357.3 360 385 +2
Slide 9: Game & Network Services Segment
8 Excluding these non-recurring items*, OI for Q2 FY25 would have increased 23% year-on-year primarily due to the impact of an increase in network services revenue and software sales. Software and network services sales are steadily growing, and we expect this trend to continue in 2H FY25. Q2 FY2025
Slide 10: Music Segment
9 Q2 FY2025 (year-on-year) Sales: 94.2 bln yen (21%) increase (FX Impact: -5.7 bln yen) ・(+) Higher revenues in Visual Media & Platform mainly due to the contribution from Demon Slayer: Kimetsu no Yaiba Infinity Castle ・(+) Higher revenues from streaming services in Recorded Music and Music Publishi
Slide 11: Pictures Segment
10 Pictures Segment Q2 FY2025 (year-on-year) The following analysis is on a U.S. dollar basis Sales: 9.8 bln yen (3%) decrease (U.S. dollar basis: -38 mil USD / -2%) ·(ー) Lower revenues from theatrical releases in the current fiscal year in Motion Pictures ·(ー) Lower licensing revenues from catalog
Slide 12: Entertainment, Technology & Services Segment
11 Entertainment, Technology & Services Segment (ET&S Segment) Q2 FY2025 (year-on-year) Sales: 44.0 bln yen (7%) decrease (FX Impact: -1.7 bln yen) ·(ー) Decrease in unit sales in Displays OI: 9.2 bln yen (13%) decrease (FX Impact: -0.5 bln yen) ·(ー) Impact of decrease in sales in Displays ·(ー) Impac
Slide 13: Imaging & Sensing Solutions Segment
12 Imaging & Sensing Solutions Segment (I&SS Segment) Q2 FY2025 (year-on-year) Sales: 79.1 bln yen (15%) increase (FX Impact: -10.5 bln yen) ·(+) Increase in sales of image sensors for mobile products ·(+) Improvement in product mix ·(+) Increase in sales of image sensors for digital cameras OI: 45.
Slide 14: Notes
13 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 form
Slide 15: Cautionary Statement
14 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 lim