Sony Group Corporation · TSE:6758
Sony — Q1 2021 Earnings Presentation
11 slides from Sony's earnings presentation, Aug 4, 2021
Slide 1: Q1 FY2021 Consolidated Financial Results
Q1 FY2021 Consolidated Financial Results (Three months ended June 30, 2021) August 4, 2021 Sony Group Corporation Q1 FY2021 Consolidated Results (Bln Yen) Q1 FY20 Q1 FY21 Change Sales* 1,962.9 2,256.8 +293.9 bln yen （+15%） Operating income +58.3 bln yen 221.7 280.1 （+26%） Income before income taxes
Slide 2: Q1 FY2021 Consolidated Results: Year-on-year Change
Q1 FY2021 Consolidated Results: Year-on-year Change Year-on-year Contributing Factors Change (+) Better／(-) Worse ・(+) Significant increases in EP&S and Music segments sales Sales +293.9 bln yen +15% On a constant currency basis*, sales increased approx. 3% Operating +58.3 bln yen ・(+) Significant i
Slide 3: Adjusted Income Before Income Taxes (Q1)
Adjusted Income Before Income Taxes (Q1) Income Before Adjusted Income Adjusted Income Before Income Taxes excludes the following items* Income Taxes Before Income Taxes Gain on the sale of a portion of shares of Pledis Entertainment Co., Ltd. (Music segment: +7.2 bln yen) Q1 FY20 268.6 bln yen 26
Slide 4: Adjusted Net Income Attributable to Sony Group Corporation's Stockholders (Q1)
Adjusted Net Income Attributable to Sony Group Corporationʼs Stockholders (Q1) FY20 (Bln Yen) Net Income Attributable Income Before Effective to Sony Group Taxes Income Taxes Tax Rate Corporationʼs Stockholders Financial results 268.6 64.3 24.0％ 193.6 Adjusted items impacting effective tax rate - -
Slide 5: FY2021 Consolidated Results Forecast
FY2021 Consolidated Results Forecast (Bln Yen) FY21 FY21 Change from FY20 April FCT August FCT April FCT Sales 8,998.7 9,700 9,700 - Operating income 955.3 930 980 +50 bln yen （+5%） Income before income taxes 998.0 905 955 +50 bln yen （+6%） Net income attributable to Sony Group +40 bln yen Corporati
Slide 6: Game & Network Services Segment; Music Segment
Game & Network Services Segment (G&NS Segment) Sales and Operating Income (Bln Yen) Q1 FY2021 (year-on-year) Sales Operating Income Sales: 9.7 bln yen (2%) increase (FX Impact: +25.5 bln yen) 606.1 615.8 ·(+) Increase in sales of hardware and peripheral devices ·(+) Impact of foreign exchange rate
Slide 7: Pictures Segment; Electronics Products & Solutions Segment
Pictures Segment Sales and Operating Income Q1 FY2021 (year-on-year) (Bln Yen) Sales The following analysis is on a U.S. dollar basis Operating Income Sales: 29.6 bln yen (17%) significant increase (U.S. dollar basis: 245 mil USD / 15 %) 204.7 ·(+) Higher sales for Media Networks due to higher adv
Slide 8: Imaging & Sensing Solutions Segment; Financial Services Segment
Imaging & Sensing Solutions Segment (I&SS Segment) Sales and Operating Income Sales (Bln Yen) Q1 FY2021 (year-on-year) Operating Income 218.1 Sales: 11.9 bln yen (6%) increase (FX Impact: +3.7 bln yen) 206.2 ·(+) Increase in unit sales of image sensors for digital cameras due to the recovery from
Slide 9: Major Impacts on FY2020 Consolidated Results from IFRS Transition
Major Impacts on FY2020 Consolidated Results from IFRS Transition (Bln Yen) U.S. GAAP IFRS Difference Major Factors Sales * 1 8,999.4 8,998.7 -0.7 Please refer to Page 17. Operating income 971.9 955.3 -16.6 Please refer to Page 17. (-) Reclassification of gains and losses on equity securities such a
Slide 10: FY2020 Adjusted Income (IFRS)
FY2020 Adjusted Income (IFRS) Income before Adjusted income Adjusted Income excludes the following items* adjustment Gain on the sale of a portion of shares of Pledis Entertainment (Music segment: +7.2 bln yen) Gain recorded in connection with a business transfer (Music segment: +5.9 billion yen
Slide 11: 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