Sony Group Corp (SNEJF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's now time to begin the Sony Group Corporation Consolidated Earnings Announcement Meeting. I'll be serving as the MC. I am Ishii from Corporate Communications. Today, the financial results for the fiscal 25 first quarter and the full year forecast will be presented by Lin Tao, Corporate Executive Officer and CFO. Then, an overview of the financial services segment, which is scheduled for partial spin-off and listing at the end of September, will be given by Toshihide Endo, President and CEO of Sony Financial Group, Inc. that will be followed by a Q&A session. The entire session is scheduled to last about 70 minutes. Please note that Ms. Tao wishes to deliver her remarks directly in English to the global audience, so a pre-recorded video will be streamed on the English channel. Hello, everyone. Today, I will explain the content shown here. After that, Mr. Endel will explain the financial results of Sony Financial Group. Sales of continuing operations for the quarter increased 2% compared to the same quarter of the previous fiscal year to 2,621.6 billion yen, and operating income increased 36% to 340 billion yen. both of which were record highs for the first quarter. Net income increased 23% to 259 billion yen. The financial results by segment are shown here. Next, I will explain to our full year results forecast. Our sales forecast is unchanged from our previous forecast of 11 trillion 700 billion yen, and we have upwardly revised our operating income forecast from our previous forecast by 4% to 1 trillion 330 billion yen, and our net income forecast by 4% to 970 billion yen. We raised our forecast for operating cash flow by 2% to 1 trillion 270 billion yen. The forecasts for each segment are shown here. Now I will provide an update on the impact of additional U.S....