Sony shares are rising in volatile trade, as PlayStation Maker announces the replay of $ 1.7 billion

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Sony Group Corp. On a screen at the joint exhibition of advanced technologies (CETEC) in Chiba, Japan, on Wednesday, October 16, 2024.

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Sony Group The shares increased by more than 3.5 % on Wednesday in volatile trading after the Japanese group announced the re -purchase of shares of 250 billion yen ($ 1.7 billion) and operating income estimates.

The operational income for the last three months of the fiscal year in 203.6 billion yen entered, overcoming the estimates of the intermediate analysts from LSEG from 192.2 billion yen, although it decreased by 11 % of the same period last year.

in Profit reportJapan’s electronics, entertainment and finance company has announced the re -purchase of shares from 250 billion yen.

Sony also provided details about a partial offer of its financial unit. The company plans to distribute more than 80 % of shared shares of shareholders in the Sony group through profits.

The company added that the financial unit will include its financial operations this year and will be classified as a parked process in accounting Sony from the current quarter.

However, Sony’s expectations for the current fiscal year that ended in March 2026 were faded.

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The company expects its operating profit to rise by 0.3 % to 1.28 trillion yen, after it has placed a sign of 100 billion yen of the Donald Trump trade war. This was less than the 1.5 trillion yen analyst.

Sony noted that the impact of the estimated tariff did not reflect the commercial deal that was made between the United States and China on Monday and that the actual impact may vary greatly.

US He agreed to temporarily reduce definitions In China to 30 %, a decrease from 145 %, while Beijing said it would reduce the customs tariff on American goods to 10 % from 125 %.

In the profit invitation on Wednesday, a Sony executive official said that the company will manage the impact of definitions by “storing strategic stocks in the United States, adjusting the customer shipping customization on a global basis, and raising prices on certain products taking into account market trends and other means.”

Sony had raised the price of the PlayStation 5 Games in Europe, Australia and New Zealand in April, noting.A difficult economic environment“Including high inflation and volatility.

Sony – which has grown to the forefront of the 1980s of the Consumer Electronics Products such as Walkman – has expanded to entertainment, including movies, music and games such as famous PlayStation.

The head of the Sony Hiroki Totoki Group, who also took over the role of the CEO at the beginning of the year, said in the profit call that the Sony Entertainment Company represented about 61 % of unified sales in the quarter And that the company will continue to focus on expanding this sector.

Totoki said the company will also double the increase in active users and spend each user to the PlayStation 5 console, which will lead to a fixed profit.



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