Sony Group Corporation · TSE:6758
Sony — Q2 FY2026 Earnings Presentation
19 slides from Sony's earnings presentation, Nov 5, 2026
Slide 1: Q2 FY2026 Consolidated Financial Results
Q2 FY2026 Consolidated Financial Results (Three months ended September 30, 2026) November 5, 2026 Sony Group Corporation
Slide 2: Q2 FY2026 Consolidated Results
1 Q2 FY2026 Consolidated Results (Bln Yen) Q2 FY25 Q2 FY26 Change Sales 3,107.9 3,429.4 +321.5 (+10%) Operating income 429.0 622.3 +193.4 (+45%) Operating income margin 13.8% 18.1% +4.3 pts Income before income taxes 441.8 623.2 +181.4 (+41%) Net income attributable to Sony Group Corporation’s stock
Slide 3: Q2 FY2026 Consolidated Results: Year-on-year change
2 Q2 FY2026 Consolidated Results: Year-on-year change Year-on-year Change Contributing Factors (+) Better／(-) Worse Sales +321.5 bln yen +10 % (+) Increases in Pictures and G&NS segments sales On a constant currency basis*, sales increased by approximately 4% Operating income +193.4 bln yen +45 % (+
Slide 4: Q2 FY2026 Results by Segment
3 Q2 FY2026 Results by Segment (Bln Yen) Q2 FY25 Q2 FY26 Change FX Impact Game & Network Services (G&NS) Sales 1,113.2 1,208.5 +95.3 +73.0 Operating income 120.4 220.1 +99.7 +8.7 Music Sales 542.4 598.4 +56.0 +34.3 Operating income 115.4 122.8 +7.4 Pictures Sales 346.0 513.7 +167.7 +37.8 Operating i
Slide 5: FY2026 Consolidated Results Forecast
4 FY2026 Consolidated Results Forecast *1 Net income attributable to Sony Group Corporation’s stockholders and Operating Cash Flow for FY25 represent the figures for continuing operations. As net income (loss) and operating cash flow from discontinued operations are not expected to be incurred in FY
Slide 6: FY2026 Consolidated Results Forecast: Change from July Forecast
5 FY2026 Consolidated Results Forecast: Change from July Forecast Change from July forecast Contributing Factors (+) Better／(-) Worse Sales +500 bln yen +4 % （＋）Increases in G&NS, Music and Pictures segments sales Operating Income +150 bln yen +9 % （＋）Increases in Pictures and G&NS segments operatin
Slide 7: FY2026 Results Forecast by Segment
6 FY2026 Results Forecast by Segment (Bln Yen) FY25 FY26 FCT July November Change from July Game & Network Services (G&NS) Sales 4,685.7 4,540 4,830 +290 Operating income 463.3 660 700 +40 Music Sales 2,120.1 2,190 2,300 +110 Operating income 447.0 420 445 +25 Pictures Sales 1,499.3 1,660 1,760 +100
Slide 8: Game & Network Services Segment Q2 FY2026
7 Game & Network Services Segment Q2 FY2026 (year-on-year) Sales: 95.3 bln yen (9%) increase (FX Impact: +73.0 bln yen) （＋）Impact of foreign exchange rates （＋）Increase in sales from network services （＋）Increase in sales of first-party game software titles （＋）Increase in sales of non-first-party game
Slide 9: Game & Network Services FY2026 Forecast
8 4,685.7 4,540 4,830 463.3 719.8 660 700 770 800 FY2026 Forecast (change from July forecast) Sales: 290 bln yen (6%) upward revision （＋）Increase in sales of non-first-party game software titles OI: 40 bln yen (6%) upward revision （＋）Impact of increase in sales of non-first-party game software title
Slide 10: Music Segment Q2 FY2026
9 Music Segment Q2 FY2026 (year-on-year) Sales: 56.0 bln yen (10%) increase (FX Impact: +34.3 bln yen) （＋）Impact of foreign exchange rates （＋）Higher revenues from live events and merchandising in Recorded Music （＋）Higher revenues from streaming services in Recorded Music and Music Publishing （－）Decr
Slide 11: Music Segment FY2026 Forecast
10 2,120.1 2,190 2,300 447.0 420 445 507.8 540 570 Music Segment FY2026 Forecast (change from July forecast) Sales: 110 bln yen (5%) upward revision （＋）Higher revenues from live events and merchandising in Recorded Music （＋）Higher revenues from streaming services in Recorded Music and Music Publishi
Slide 12: Pictures Segment Q2 FY2026
11 Pictures Segment Q2 FY2026 (year-on-year) The following analysis is on a U.S. dollar basis Sales: 167.7 bln yen (48%) increase (U.S. dollar basis: +880 mil USD / +37%) （＋）Increase in theatrical revenues primarily due to the contribution of Spider-Man: Brand New Day in Motion Pictures OI: 78.7 bln
Slide 13: Pictures Segment FY2026 Forecast
12 Pictures Segment FY2026 Forecast (change from July forecast) Sales: 100 bln yen (6%) upward revision （＋）Increase in revenues from theatrical releases in the current fiscal year, primarily due to the contribution of Spider-Man: Brand New Day in Motion Pictures OI: 50 bln yen (33%) upward revision
Slide 14: Entertainment, Technology & Services Segment Q2 FY2026
13 Entertainment, Technology & Services Segment Q2 FY2026 (year-on-year) Sales: 7.9 bln yen (1%) decrease (FX Impact: +26.6 bln yen) （－）Decrease in unit sales across various businesses including Imaging （＋）Impact of foreign exchange rates OI: 3.2 bln yen (5%) increase (FX Impact: +6.1 bln yen) （＋）Im
Slide 15: Entertainment, Technology & Services Segment FY2026 Forecast
14 2,260.5 2,250 2,250 158.6 150 150 261.7 260 260 Entertainment, Technology & Services Segment FY2026 Forecast (change from July forecast) Sales: Remains unchanged from July forecast OI: Remains unchanged from July forecast Sales, Operating Income and Adjusted OIBDA （Bln Yen） Sales Operating Income
Slide 16: Imaging & Sensing Solutions Segment Q2 FY2026
15 Imaging & Sensing Solutions Segment Q2 FY2026 (year-on-year) Sales: 37.0 bln yen (6%) decrease (FX Impact: +40.9 bln yen) （－）Decrease in sales of image sensors for mobile products （－）Decrease in unit sales （＋）Improvement in product mix （＋）Impact of foreign exchange rates OI: 16.4 bln yen (12%) in
Slide 17: Imaging & Sensing Solutions Segment FY2026 Forecast
16 Imaging & Sensing Solutions Segment FY2026 Forecast (change from July forecast) Sales: Essentially flat OI: 30 bln yen (7%) upward revision （＋）Decrease in costs （＋）Positive impact of foreign exchange rates （－）Impact of the Kumamoto Earthquake Sales, Operating Income and Adjusted OIBDA （Bln Yen） S
Slide 18: Notes
17 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 19: Cautionary Statement
18 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