Sony Group Corporation · TSE:6758
Sony — Q3 FY2020 Earnings Presentation
14 slides from Sony's earnings presentation, Feb 3, 2021
Slide 1: Q3 FY2020 Consolidated Financial Results
Q3 FY2020 Consolidated Financial Results (Three months ended December 31, 2020) February 3, 2021 Sony Corporation Q3 FY2020 Consolidated Results (Bln Yen) Q3 FY19 Q3 FY20 Change Sales & operating revenue 2,463.2 2,696.5 +233.4 bln yen （+9%） Operating income 300.1 359.2 +59.1 bln yen （+20%） Income be
Slide 2: Q3 FY2020 Consolidated Results: Year-on-year Change
Q3 FY2020 Consolidated Results: Year-on-year Change Year-on-year Contributing Factors Change (+) Increase／(-) Decrease ・(+) Significant increases in G&NS and Music segments sales Sales & operating +233.4 bln yen ・(-) Significant decreases in Pictures and I&SS segments sales revenue +9% On a constant
Slide 3: Adjusted Income Before Income Taxes (Q3)
Adjusted Income Before Income Taxes (Q3) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes Remeasurement and realized gains resulting from the public listing and sale of a portion of shares of SRE Holdings Corporation (
Slide 4: Adjusted Net Income Attributable to Sony Corporation's Stockholders (Q3)
Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q3) FY19 (Bln Yen) Net Income Attributable to Income Before Effective Taxes Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 310.3 70.0 22.5％ 229.5 Adjusted items impacting effective tax rate - - - - Subtotal
Slide 5: Q1-Q3 FY2020 Consolidated Results
Q1-Q3 FY2020 Consolidated Results (Bln Yen) Q1-Q3 FY19 Q1-Q3 FY20 Change Sales & operating revenue 6,511.1 6,778.9 +267.8 bln yen （+4%） Operating income 810.0 905.4 +95.4 bln yen （+12%） Income before income taxes 803.4 1,096.9 +293.5 bln yen （+37%） Net income attributable to Sony Corporation’s stock
Slide 6: Adjusted Income Before Income Taxes (Q1-Q3)
Adjusted Income Before Income Taxes (Q1-Q3) Adjusted Income Income Before Before Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Taxes Remeasurement and realized gains resulting from the public listing and sale of a portion of shares of SRE Holdings Corporatio
Slide 7: Adjusted Net Income Attributable to Sony Corporation's Stockholders (Q1-Q3)
Adjusted Net Income Attributable to Sony Corporation’s Stockholders (Q1-Q3) FY19 (Bln Yen) Net Income Attributable Income Before Effective Taxes to Sony Corporation’s Income Taxes Tax Rate Stockholders Financial results 803.4 196.9 24.5％ 569.5 Adjusted items impacting effective tax rate Reduction in
Slide 8: FY2020 Consolidated Results Forecast
FY2020 Consolidated Results Forecast (Bln Yen) FY20 FY20 Change from FY19 October FCT February FCT October FCT Sales & operating revenue 8,259.9 8,500 8,800 +300 bln yen （+4%） Operating income 845.5 700 940 +240 bln yen （+34%） Income before income taxes 799.5 765 1,120 +355 bln yen （+46%） Net income
Slide 9: Game & Network Services Segment and Music Segment
Game & Network Services Segment (“G&NS Segment”) Sales and Operating Income (Bln Yen) Q3 FY2020 (year-on-year) Sales Operating Income 883.2 Sales: 251.1 bln yen (40%) significant increase (FX Impact: -6.3 bln yen) ꞏ(+) Increase in game software sales including add-on content 632.1 ꞏ(+) Increase in
Slide 10: Pictures Segment and Electronics Products & Solutions Segment
Pictures Segment Sales and Operating Income Q3 FY2020 (year-on-year) (Bln Yen) Sales 236.0 The following analysis is on a U.S. dollar basis Operating Income Sales: 44.8 bln yen (19%) significant decrease (U.S. dollar basis: -341 mil 191.2 USD / -16%) ꞏ(--) Significant decrease in sales for Motion
Slide 11: Imaging & Sensing Solutions Segment and Financial Services Segment
Imaging & Sensing Solutions Segment (“I&SS Segment”) Sales and Operating Income Q3 FY2020 (year-on-year) (Bln Yen) Sales Sales: 31.1 bln yen (10%) significant decrease (FX Impact: -9.1 bln yen) Operating Income 298.0 266.9 ꞏ(--) Significant decrease in sales of image sensors for mobile products ꞏ(
Slide 12: Cash, Debt Balance and Q3 FY2020 Cash Flow Analysis
Cash, Debt Balance (Sony without Financial Services) （Bln Yen） Cash and cash equivalents（Cash） The nine months ended December 31, 2020 The nine months ended December 31, 2019 Short-term borrowings 1,325.3 Long-term debt Short-term operating Debt lease liabilities + 962.3 960.5 Long-term operating Ca
Slide 13: Q3 FY2019 Cash Flow Analysis and Notes
Q3 FY2019 Cash Flow (CF) Analysis (Sony without Financial Services) （Bln Yen） As of March 31, 2019 As of December 31, 2019 Cash – Debt*1 (Net Cash Operating CF +494.0 Investing CF -249.5 Other -269.2 Position) +397.7 -308.2 (Deterioration) +89.5 Adjusted Depreciation Increase Other net income* 2 and
Slide 14: Cautionary Statement
Cautionary Statement Statements made in this presentation 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 li