Sony Pictures reported an increase of 76% in annual shift in operating income to 18.7 billion JPY (129 million dollars) for the closed quarter on June 30, driven by a strong increase in deliveries of series in its television unit, the company reported on Thursday.
Sales climbed 4% on the basis of the US dollar to 2.22 billion dollars (327.1 billion JPY), although this represents a 3% drop in terms of yen due to exchange -contrary winds.
In Sony Pictures, growth in operating income was mainly awarded to the increase in series deliveries in the Production Television Division. This contributed to compensating for a drop in income from current theatrical versions, which dropped $ 175 million in annual shift. Revenues from moving films totaled $ 725 million for the quarter, down almost 20% compared to the same period last year. While theatrical performance has delayed, the unit benefited from a higher contribution of the library titles. Older television license income has also decreased. In American dollars, Sony said that Image income has increased by 4% and that operating income increased by 76%.
The parent company SONY Group Corporation posted a consolidated operating result of $ 2.3 billion for the closed quarter on June 30, up 36% in annual shift. Continuous operations sales increased by 2% to 17.77 billion dollars.
These figures exclude Sony’s financial services activities, which was classified as an abandoned operation before a partial spin provided by Sony Financial Group Inc. in October. Including the abandoned unit, total total net profit reached $ 1.63 billion, while the net profit attributable to Sony shareholders against continuous operations amounted to $ 1.75 billion, up 23% compared to the previous year.
The gaming and network services segment has also shown strong dynamics, sales increasing by 8% to $ 6.34 billion and operating income more than dollars. The increase was fed by higher income from third -party software securities and PlayStation network services, with monthly active users and total playing hours of 6% in annual shift.
Sony Music delivered a constant extension and dropped online in the first quarter. Segment revenues increased by 5% to 3.15 billion dollars, while operating profit increased by $ 629 million. Streaming has remained the engine, the registered music streaming income increasing by 7% in annual shift in terms of US dollars and musical publication streaming income up 8%. The Visual Media & Platform division, which includes anime and mobile content in Japan, has also developed. Growth has been helped by the consolidation of EPLUS Inc., a large live ticketing company and stronger income from mobile game applications. The company has indicated that its publishing catalog now contains more than 5.46 million songs.
Imagery and detection solutions have brought a jump of 15% of sales to $ 2.77 billion and an increase of 48% in operating income to $ 367 million, supported by solid image sensors demand.
The entertainment, technology and services segment (and & s) was the main tracking of performance, because sales dropped by 11% to 3.62 billion dollars and operating income slipped from 33% to $ 300 million, mainly due to lower television sales.
Sony increased its operating profit forecasts for the annual year to $ 9.01 billion, compared to a previous estimate of $ 8.67 billion, even after taking into account a expected $ 474 million from newly imposed American rates. Ancient year sales councils were maintained at $ 79.32 billion.
Capital spending on the quarter totaled $ 1.06 billion, while R&D expenses reached $ 1.14 billion.
As of June 30, Sony’s total assets were estimated at $ 237.92 billion, with actions attributable to shareholders totaling $ 56.26 billion.
