Sony Group Corporation · TSE:6758
Sony — Q3 2021 Earnings Presentation
12 slides from Sony's earnings presentation, Feb 2, 2022
Slide 1: Q3 FY2021 Consolidated Financial Results
Q3 FY2021 Consolidated Financial Results (Three months ended December 31, 2021) February 2, 2022 Sony Group Corporation Q3 FY2021 Consolidated Results (Bln Yen) Q3 FY20 Q3 FY21 Change Sales* 2,694.0 3,031.3 +337.3 bln yen （+13%） Operating income 351.9 465.2 +113.3 bln yen （+32%） Income before income
Slide 2: Q3 FY2021 Consolidated Results: Year-on-year Change
Q3 FY2021 Consolidated Results: Year-on-year Change Year-on-year Contributing Factors Change (+) Better／(-) Worse ・(+) Significant increases in Pictures, I&SS, Financial Services and Music segments sales Sales +337.3 bln yen ・(-) Decrease in G&NS and EP&S segments sales +13 % On a constant currency
Slide 3: Adjusted Income Before Income Taxes (Q3)
Adjusted Income Before Income Taxes (Q3) Income Before Adjusted Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Before Income Taxes Gain from the reversal of inventory write-downs of certain image sensors for mobile products previously recorded in Q2 Q3 FY20 3
Slide 4: Adjusted Net Income Attributable to Stockholders (Q3)
Adjusted Net Income Attributable to Sony Group Corporationʼs Stockholders (Q3) Q3 FY20 (Bln Yen) Net Income Income Before Effective Attributable to Sony Taxes Income Taxes Tax Rate Group Corporationʼs Stockholders Financial results 383.8 72.8 19.0% 310.7 Adjusted items impacting effective tax rate R
Slide 5: Q1-Q3 FY2021 Consolidated Results
Q1-Q3 FY2021 Consolidated Results (Bln Yen) Q1-Q3 FY20 Q1-Q3 FY21 Change Sales 6,762.0 7,657.5 +895.5 bln yen （+13%） Operating income 888.8 1,063.7 +174.9 bln yen （+20%） Income before income taxes 956.1 1,027.9 +71.8 bln yen （+8%） Net income attributable to Sony Group Corporationʼs 962.9 771.1 -191.
Slide 6: Adjusted Income Before Income Taxes (Q1-Q3)
Adjusted Income Before Income Taxes (Q1-Q3) Adjusted Income Income Before Adjusted Income Before Income Taxes excludes the Before Income Income Taxes following items* Taxes Gain on the sale of a portion of shares of Pledis Entertainment Co., Ltd. (Music segment: +7.2 bln yen) Gain recorded in co
Slide 7: Adjusted Net Income Attributable to Stockholders (Q1-Q3)
Adjusted Net Income Attributable to Sony Group Corporationʼs Stockholders (Q1-Q3) Q1-Q3 FY20 (Bln Yen) Net Income Income Before Effective Attributable to Sony Taxes Income Taxes Tax Rate Group Corporationʼs Stockholders Financial results 956.1 -20.7 -2.2% 962.9 Adjusted items impacting effective tax
Slide 8: FY2021 Consolidated Results Forecast
FY2021 Consolidated Results Forecast (Bln Yen) FY21 FY21 Change from FY20 October FCT February FCT October FCT Sales 8,998.7 9,900 9,900 - Operating income 955.3 1,040 1,200 +160 bln yen （+15%） Income before income taxes 998.0 990 1,155 +165 bln yen （+17%） Net income attributable to Sony Group +130
Slide 9: Game & Network Services Segment; Music Segment
Game & Network Services Segment (G&NS Segment) Sales and Operating Income (Bln Yen) Q3 FY2021 (year-on-year) Sales Operating Income Sales: 70.0 bln yen (8%) decrease (FX Impact: +45.5 bln yen) ·(ー) Decrease in sales of hardware and peripheral devices 883.2 ·(ー) Decrease in sales of non-first-party
Slide 10: Pictures Segment; Electronics Products & Solutions Segment
Pictures Segment Sales and Operating Income Q3 FY2021 (year-on-year) (Bln Yen) Sales The following analysis is on a U.S. dollar basis Operating Income Sales: 270.1 bln yen (141%) significant increase 461.2 (U.S. dollar basis: 2,234 mil USD / 122%) ·(+) Increase in theatrical revenues primarily due
Slide 11: Imaging & Sensing Solutions Segment; Financial Services Segment
Imaging & Sensing Solutions Segment (I&SS Segment) Sales and Operating Income Q3 FY2021 (year-on-year) (Bln Yen) Sales Operating Income Sales: 57.8 bln yen (22%) significant increase (FX Impact: +23.7 324.8 bln yen) 267.0 ·(+) Increase in sales of image sensors for mobile products ·(+) Increase in
Slide 12: 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 yenʼs monthly average exchange rates from the same period of the previous fiscal year to local currency-denomi