Sony Group Corp (SNEJF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today I will explain the content shown here. Sales of continuing operations in FY25 Q3 increased 1% compared to the same quarter of the previous fiscal year to 3,713.7 billion yen, and operating income increased 22% to 515 billion yen. Both were record highs for the third quarter. Net income increased 11% to 377.3 billion yen, The financial results by segment are shown here. We upwardly revised our 4-year sales forecast from the previous forecast 3% to 12,300,000,000 yen, operating income 8% to 1,540,000,000 yen, and net income 8% to 1,130,000,000 yen. we increased our forecast for operating cash flow 9% to 1,630,000,000 Yen. The forecast for each segment is shown here. Now I will turn to an overview of each business. First is the GNNS segment. FY25 Q3 sales decreased 4% year-on-year, primarily due to lower hardware unit sales. Operating income increased 19% year-on-year primarily due to the positive impact of foreign exchange rates and the impact of increased sales and network services and first-party software, setting a record for the third quarter in this segment. We upwardly revised our FY25 sales forecast 4% from the previous forecast to ¥4,630,000,000 and our operating income forecast 2% to ¥510,000,000. User engagement trended well during the quarter, with the number of monthly active users across all of the PlayStation in December increasing 2% compared to the last December to a record high of 132 million accounts, and total playtime for the quarter increased 0.4% year-on-year. Although conditions in the console hardware market during year-end selling season were more challenging than expected, we were able to steadily expand our PS5 install base in line with our original plan and exceeded 92 million units on a cumulative selling basis. While PS5 hardware uni...