
Sony Group Raises Forecast, Riding Strong Music, Chips & PlayStation Momentum
•By ADMIN
Related Stocks:SONY
Sony Group Corporation on Tuesday raised its full‑year operating profit forecast for the fiscal year ending March 2026 by 8 % to about ¥1.43 trillion ($9.5 billion), thanks largely to robust performance in its entertainment and semiconductor divisions.
In its July‑September quarter, Sony posted operating profit of ¥429 billion, up about 10 % year‑on‑year. The company cited strong music and anime titles—including the hit film Demon Slayer: Kimetsu no Yaiba Infinity Castle—and higher demand for large‑image sensors as key drivers of growth.
While the gaming division saw a profit drop due to impairment losses on Destiny 2, the PlayStation 5 console continued to sell well, with 3.9 million units shipped during the quarter.
Sony also cut its expected tariff‑related cost to ¥50 billion from the earlier estimate of ¥70 billion, reflecting lower‑than‑anticipated impact from U.S. trade policies.
On the back of the upbeat results, the company authorized a share‑buyback of up to 35 million shares (roughly ¥100 billion). Investor sentiment responded: the stock jumped nearly 6 % following the announcement.
#SonyEarnings #PlayStation5 #DemonSlayer #SemiconductorBoom #SlimScan #GrowthStocks #CANSLIM