Sony Group Corporation · TSE:6758
Sony — Q4 2021 Earnings Presentation
14 slides from Sony's earnings presentation, May 10, 2022
Slide 1: FY2021 Consolidated Financial Results
FY2021 Consolidated Financial Results (Fiscal year ended March 31, 2022) May 10, 2022 Sony Group Corporation FY2021 Consolidated Results (Bln Yen) FY20 FY21 Change Sales*1 8,998.7 9,921.5 +922.9 bln yen （+10%） Operating income 955.3 1,202.3 +247.1 bln yen （+26%） Income before income taxes 998.0 1,11
Slide 2: Q4 FY2021 Consolidated Results
Q4 FY2021 Consolidated Results (Bln Yen) Q4 FY20 Q4 FY21 Change Sales 2,236.6 2,264.0 +27.4 bln yen （+1%） Operating income 66.4 138.6 +72.2 bln yen （+109%） Income before income taxes 41.9 89.6 +47.7 bln yen （+114%） Net income attributable to Sony Group Corporationʼs stockholders 66.7 111.1 +44.4 bln
Slide 3: Adjusted Operating Income
Adjusted Operating Income Operating Income Adjusted Operating Adjusted Operating Income excludes the following items* Income Gain on the sale of a portion of shares of Pledis Entertainment Co., Ltd. (Music segment: +7.2 bln yen) Gain recorded in connection with a business transfer (Music segment
Slide 4: Adjusted Income Before Income Taxes
Adjusted Income Before Income Taxes Income Before Adjusted Income Before Adjusted Income Before Income Taxes excludes the following items* Income Taxes Income Taxes Gain on the sale of a portion of shares of Pledis Entertainment Co., Ltd. (Music segment: +7.2 bln yen) Gain recorded in connection
Slide 5: Adjusted Net Income Attributable to Sony Group Corporation's Stockholders
Adjusted Net Income Attributable to Sony Group Corporationʼs Stockholders Net Income Adjusted Net Income Attributable to Attributable to Sony Adjusted Net Income Attributable to Sony Group Corporationʼs Sony Group Corporationʼs Group Corporationʼs Stockholders excludes the following items* Stockhold
Slide 6: Adjusted Net Income Attributable to Stockholders (Q4)
Adjusted Net Income Attributable to Sony Group Corporationʼs Stockholders (Q4) Net Income Adjusted Net Income Attributable to Attributable to Sony Adjusted Net Income Attributable to Sony Group Corporationʼs Sony Group Corporationʼs Group Corporationʼs Stockholders excludes the following items* Stoc
Slide 7: FY2021 Results by Segment
FY2021 Results by Segment (Bln Yen) FY20 FY21 Change FX Impact Sales 2,656.3 2,739.8 +83.5 +124.5 Game & Network Services (G&NS) Operating income 341.7 346.1 +4.4 +15.7 Sales 939.9 1,116.9 +177.1 +42.8 Music Operating income 184.8 210.9 +26.1 Sales 753.0 1,238.9 +485.9 +76.2 Pictures Operating incom
Slide 8: FY2022 Consolidated Results Forecast
FY2022 Consolidated Results Forecast (Bln Yen) FY20 FY21 FY22 FCT Change from FY21 Sales 8,998.7 9,921.5 11,400 +1,478.5 bln yen （+15%） Operating income 955.3 1,202.3 1,160 -42.3 bln yen （-4%） Income before income taxes 998.0 1,117.5 1,130 +12.5 bln yen （+1%） Net income attributable to Sony Group -5
Slide 9: FY2022 Results Forecast by Segment
FY2022 Results Forecast by Segment (Bln Yen) Change from FY20 FY21 FY22 FCT FY21 Game & Network Services Sales 2,656.3 2,739.8 3,660 +920.2 (G&NS) Operating income 341.7 346.1 305 -41.1 Sales 939.9 1,116.9 1,240 +123.1 Music Operating income 184.8 210.9 230 +19.1 Sales 753.0 1,238.9 1,330 +91.1 Pict
Slide 10: Music Segment and Pictures Segment
Music Segment Sales and Operating Income FY2021 (year-on-year) (Bln Yen) Sales Sales: 177.1 bln yen (19%) significant increase (FX Impact: +42.8 bln yen) Operating Income ・(+) Higher sales for Recorded Music and Music Publishing from paid subscription streaming services and advertising-supported s
Slide 11: ET&S Segment and I&SS Segment
Entertainment, Technology & Services (ET&S Segment) Sales and Operating Income (Bln Yen) Sales FY2021 (year-on-year) Operating income Sales: 271.1 bln yen (13%) significant increase (FX Impact: +103.8 bln yen) ·(+) Increase in sales of televisions and digital cameras due to an improvement in the p
Slide 12: Financial Services Segment; Cash, Debt Balance
Financial Services Segment Financial Services Revenue and Operating Income FY2021 (year-on-year) Financial Services Revenue Revenue: 140.2 bln yen (8%) decrease (Bln Yen) Operating Income ·(ー) Decrease in revenue at Sony Life*1 (131.0 bln yen decrease, revenue: 1,350.5 bln yen) ·(ー) Decrease in ne
Slide 13: FY2021 Cash Flow Analysis (Sony without Financial Services)
FY2021 Cash Flow (CF) Analysis (Sony without Financial Services) (Bln Yen) As of March 31, 2021 As of March 31, 2022 Cash – Debt*1 (Net Cash Position) Operating CF +813.3 Investing CF -711.1 Other -208.9 +351.0 -106.8 (Deterioration) +244.2 Adjusted Increase Decrease Other income before in content i
Slide 14: Notes and 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