Slide 1: Q1 FY2024 Consolidated Financial Results
Q1 FY2024 Consolidated Financial Results (Three months ended June 30, 2024) August 7, 2024 Sony Group Corporation
Slide 2: Q1 FY2024 Consolidated Results
Q1 FY2024 Consolidated Results (Bln Yen) Sony without Financial Services Consolidated Q1 FY23 Q1 FY24 Change Q1 FY23 Q1 FY24 Change 2,285.8 2,567.4 +281.6 2,963.7 3,011.6 +48.0 Sales*1 （+12%） （+2%） Operating income 198.5 249.1 +50.6 253.0 279.1 +26.1 （+25%） （+10%） Operating income margin 8.7% 9.7% +
Slide 3: Q1 FY2024 Consolidated Results: Year-on-year Change
Q1 FY2024 Consolidated Results: Year-on-year Change Year-on-year Contributing Factors Change (+) Better／(-) Worse ・(+) Significant increases in G&NS, Music and I&SS segments sales ・(+) Increases in ET&S and Pictures segments sales Sales +48.0 bln yen ・(ー) Significant decrease in Financial Services s
Slide 4: Adjusted Income (Q1・Sony without Financial Services)
Adjusted Income (Q1・Sony without Financial Services) *1 (Bln Yen) Q1 FY23 Q1 FY24 Change from Q1 FY23 Before Non-recurring Before Non-recurring Before Adjusted Adjusted Adjusted adjustment (profit) / loss*2 adjustment (profit) / loss*2 adjustment Operating income 198.5 -6.0 192.5 249.1 － 249.1 +50.6
Slide 5: Non-Recurring Profit and Loss (Sony without Financial Services)
Non-Recurring Profit and Loss (Sony without Financial Services) (Bln Yen) Q1 Q1 FY23 FY23 FY24 Items included in operating income Items included in operating income (before adjustment) +6.0 +6.0 (before adjustment) － Remeasurement gain resulting from the consolidation of a company previously account
Slide 6: Adjusted Income (Q1・Consolidated)
Adjusted Income (Q1・Consolidated) *1 (Bln Yen) Q1 FY23 Q1 FY24 Change from Q1 FY23 Before Non-recurring Before Non-recurring Before Adjusted Adjusted Adjusted adjustment (profit) / loss*2 adjustment (profit) / loss*2 adjustment Operating income 253.0 -6.0 247.0 279.1 － 279.1 +26.1 +32.1 （+10%） （+13%
Slide 7: Non-Recurring Profit and Loss (Consolidated)
Non-Recurring Profit and Loss (Consolidated) (Bln Yen) Q1 Q1 FY23 FY23 FY24 Items included in operating income (before Items included in operating income (before adjustment) +6.0 +25.8 adjustment) － Remeasurement gain resulting from the consolidation of a company previously accounted for +6.0 +6.0 u
Slide 8: Q1 FY2024 Results by Segment
Q1 FY2024 Results by Segment (Bln Yen) Q1 FY23 Q1 FY24 Change FX Impact Game & Network Services Sales 771.9 864.9 +93.0 +85.5 (G&NS) Operating income 49.2 65.2 +16.0 +1.4 Sales 358.2 442.0 +83.8 +43.0 Music Operating income 73.4 85.9 +12.5 Sales 320.4 337.3 +17.0 +40.2 Pictures Operating income 16.0
Slide 9: FY2024 Consolidated Results Forecast
FY2024 Consolidated Results Forecast (Bln Yen) Sony without Financial Services Consolidated FY24 FCT FY24 FCT FY23 FY23 May August Change May August Change +300 +300 11,265.0 11,400 11,700 13,020.8 12,310 12,610 Sales （+3%） （+2%） +35 +35 Operating income 1,035.3 1,130 1,165 （+3%） 1,208.8 1,275 1,310
Slide 10: FY2024 Consolidated Results Forecast: Change from May Forecast
FY2024 Consolidated Results Forecast: Change from May Forecast Change from Contributing Factors May forecast (+) Better／(-) Worse Sales +300 bln yen ・(+) Upward revisions to G&NS, Music and ET&S segments sales +2% forecasts Operating income +35 bln yen ・(+) Upward revisions to Music and G&NS segment
Slide 11: FY2024 Results Forecast by Segment
FY2024 Results Forecast by Segment (Bln Yen) FY24 FY24 Change from FY23 May FCT August FCT May FCT Game & Network Services Sales 4,267.7 4,200 4,320 +120 (G&NS) Operating income 290.2 310 320 +10 Sales 1,619.0 1,690 1,740 +50 Music Operating income 301.7 315 330 +15 Sales 1,493.1 1,480 1,520 +40 Pic
Slide 12: Game & Network Services Segment (G&NS Segment)
Game & Network Services Segment (G&NS Segment) Sales, Operating Income and Adjusted OIBDA Sales (Bln Yen) Operating Income Q1 FY2024 (year-on-year) Adjusted OIBDA Sales: 93.0 bln yen (12%) significant increase (FX Impact: +85.5 bln yen) ·(+) Impact of foreign exchange rates 864.9 771.9 ·(+) Increa
Slide 13: Music Segment
Music Segment Sales, Operating Income and Adjusted OIBDA Sales (Bln Yen) Operating Income Q1 FY2024 (year-on-year) Adjusted OIBDA Sales: 83.8 bln yen (23%) significant increase (FX Impact: +43.0 bln yen) ・(+) Impact of foreign exchange rates 442.0 ・(+) Higher revenues from merchandising and live e
Slide 14: Pictures Segment
Pictures Segment Sales, Operating Income and Adjusted OIBDA Sales (Bln Yen) Q1 FY2024 (year-on-year) Operating Income The following analysis is on a U.S. dollar basis Adjusted OIBDA Sales: 17.0 bln yen (5%) increase (U.S. dollar basis: -166 mil USD / -7%) ·(ー) Decrease in series deliveries in Tele
Slide 15: Entertainment, Technology & Services Segment (ET&S Segment)
Entertainment, Technology & Services Segment (ET&S Segment) Sales, Operating Income and Adjusted OIBDA (Bln Yen) Q1 FY2024 (year-on-year) Sales Operating Income Sales: 29.1 bln yen (5%) increase (FX Impact: +46.6 bln yen) Adjusted OIBDA ·(+) Impact of foreign exchange rates 571.8 600.9 ·(ー) Decrea
Slide 16: Imaging & Sensing Solutions Segment (I&SS Segment)
Imaging & Sensing Solutions Segment (I&SS Segment) Sales, Operating Income and Adjusted OIBDA Q1 FY2024 (year-on-year) (Bln Yen) Sales Sales: 60.7 bln yen (21%) significant increase (FX Impact: +36.9 bln yen) Operating Income ·(+) Impact of foreign exchange rates Adjusted OIBDA ·(+) Increase in sa
Slide 17: Financial Services Segment
Financial Services Segment Financial Services Revenue, Q1 FY2024 (year-on-year) Operating Income and Adjusted OIBDA Revenue: 232.8 bln yen (34%) significant decrease Financial Services Revenue (Bln Yen) ·(－) Significant decrease in revenue at Sony Life Operating Income (237.4 bln yen decrease, rev
Slide 18: Financial Services Segment
Financial Services Segment Sony Life Operating Income Breakdown Adjusted Net Income*3 Group Consolidated ESR*6 Insurance Service Result*1 Sony Life ESR Investment Result Other*4 Economic value-based capital Other Result Other*2 Economic value-based risk post-tax FY23 （Bln Yen） （Bln Yen） Adjusted ROE
Slide 19: Financial Services Segment
Financial Services Segment (Bln Yen) Reconciliations from Net Income to Adjusted Net Income FY23 FY24 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 *1 Pre-tax net income (loss) (Operating Income) 54.5 15.7 77.3 26.1 30.0 Post-tax net income (loss) 38.5 10.7 55.0 19.8 21.5 SFGI related adjustments - - - - - Sony Life rela
Slide 20: Reconciliation Table for Adjusted EBITDA (Q1)
Reconciliation Table for Adjusted EBITDA (Q1) (Bln Yen) Sony without Financial Consolidated Services Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Net income attributable to Sony Group Corporation’s stockholders 229.1 210.0 217.5 231.6 Net income attributable to noncontrolling interests 0.2 4.2 0.4 4.2 Income tax
Slide 21: Results and Reconciliation Table for Adjusted OIBDA by Segment (Q1)
Results and Reconciliation Table for Adjusted OIBDA by Segment (Q1) (Bln Yen) Q1 FY23 Q1 FY24 Change Depreciation Depreciation Operating Non-recurring Adjusted Operating Non-recurring Adjusted Adjusted and and Income (profit) / loss*2 OIBDA Income (profit) / loss*2 OIBDA OIBDA Amortization*1 Amortiz
Slide 22: Reconciliation Table for Adjusted EBITDA
Reconciliation Table for Adjusted EBITDA (Bln Yen) Sony without Consolidated Financial Services FY23 FY23 Net income attributable to Sony Group Corporation’s stockholders 896.6 970.6 Net income attributable to noncontrolling interests 9.4 9.9 Income taxes 239.1 288.2 Interest expenses / (income), ne
Slide 23: Forecast for Adjusted OIBDA by Segment
Forecast for Adjusted OIBDA by Segment (Bln Yen) FY24 FY24 Change from FY23 May FCT August FCT May FCT Depreciation Operating Non-recurring Adjusted Adjusted Adjusted Adjusted and Income (profit) / loss*2 OIBDA OIBDA OIBDA OIBDA Amortization*1 Game & Network Services (G&NS) 290.2 117.7 － 407.9 420 4
Slide 24: Notes
Notes Notes about Adjusted OIBDA and Adjusted EBITDA Adjusted OIBDA (Operating Income Before Depreciation and Amortization) and Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) are calculated by the following formulas: Adjusted OIBDA = Operating income + Depreciation
Slide 25: Cautionary Statement
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 limite