Stock Split and Dividend Policy - Sony is implementing a 5-for-1 stock split for its U S-listed ADRs effective October 1 [1] - The company pays dividends semi-annually, with fiscal year 2023 payments of 40 yen ($0 28) and 45 yen ($0 31) per ADR, resulting in a dividend yield of 0 7% [2] - Sony plans to increase its payout ratio from 32% to 40% by fiscal 2026, though specific per-share amounts were not disclosed [3] Share Repurchase Program - Sony has committed to a share repurchase program of up to 250 billion yen ($1 7 billion), although details remain limited [4] Financial Performance and Growth Prospects - Sony anticipates a significant decline in PlayStation 5 sales for the current fiscal year [6] - The company does not currently dominate any major product category [6] - Sony's five-year PEG ratio is nearly 4, indicating a high valuation relative to its growth prospects [6]

Sony Group Corporation (SONY) reported first-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥189.43 ($1.22) per share, increasing from ¥175.67 reported in the year-ago quarter. Adjusted net income came in at ¥231.6 billion compared with ¥217.5 billion in the prior-year quarter. Quarterly total revenues grew 2% year over year to ¥3,011.6 billion ($19.3 billion). The upside resulted from healthy growth across G&NS, Music, Pictures, ET&S and I&SS segments, offset by a contraction in the financia ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 SONY GROUP CORPORATION (Translation of registrant's name into English) 1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN (Address of principal executive offices) For the month of August 2024 Commission File Number: 001-06439 The registrant files annual reports under cover of Form 20-F. Indicate by check mark whether the registrant files or ...

The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Sony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global. Sony currently has no plans to submit a revised offer for Paramount, said Hiroki Totoki, the company's chief financial officer. In a response to a question during Sony's fiscal first-quarter earnings presentation, Totoki said that an acquisition of Paramount "does not f ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Sony raised its full-year net profit forecast after a solid performance in the first quarter, predicting strong sales in its video game, music and image sensor sectors. Sony raised its full-year net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in its video game, music and im ...

Sony Pictures Entertainment posted first quarter operating incoming of $73M, down over 36% year-on-year on a U.S. dollar basis. Revenues also slipped 7% from $2.32B to $2.17B for the three months ended June 30, 2024, despite the performances of films such as The Garfield Movie and Bad Boys: Ride or Die and growth in streaming subs. Overall, Tokyo-based Sony pointed to a reduced number of theatrical releases and new TV season launches for the financial drops, but noted anime streamer Crunchyroll had swelled ...

Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations. Here's how Sony did in the June quarter versus LSEG consensus estimates: Revenue: 3.01 trillion yen ($20.5 billion) versus 2.8 trillion yen expected. That marked a 2% rise from the same period a year ago. Operating profit: 279.11 billion yen versus 275.35 billion yen expected. That was up 10% year-over-year. It comes after the Japanese consumer electronics power house reported a disappointing full-year 20 ...

Muted consumer discretionary spending amid weak global macroeconomic conditions is a concern for the Zacks Audio Video Production industry participants. A highly-promotional environment and stiff competition from importers of comparatively low-priced devices are denting margins. Online accessibility of recording equipment and the availability of distribution channels on the Internet are additional headwinds. Nonetheless, industry participants are concentrating on the premium segment of the branded products ...

Valuation is also important, so investors should note that Sony has a Forward P/E ratio of 14.8 right now. This denotes a discount relative to the industry's average Forward P/E of 21.16. Shares of the electronics and media company have appreciated by 5.62% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 2.11% and the S&P 500's gain of 3.38%. The investment community will be closely monitoring the performance of Sony in its forthcoming earnings report. The compan ...

Over the past month, shares of this electronics and media company have returned +5.6%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Audio Video Production industry, which Sony falls in, has gained 2.5%. The key question now is: What could be the stock's future direction? Earnings Estimate Revisions Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When ...