Companies

Sony Group Logs Record Net Profit for FY 2024

Yomiuri Shimbun file photo
Sony head office in Minato Ward, Tokyo

Jiji Press

12:54 JST, May 14, 2025

Tokyo (Jiji Press)—Sony Group Corp. on Wednesday posted a record consolidated net profit of ¥1,141.6 billion for fiscal 2024, up 17.6 pct from the preceding year, thanks mainly to the strength of its mainstay gaming business.

Its semiconductor operations were brisk as well, according to the Japanese electronics and entertainment giant.

Sony’s operating profit in the year that ended in March also hit a record high, at ¥1,407.1 billion , up 16.4 pct. Its sales fell 0.5 pct to ¥12,957 billion , due to a drop in financial business revenue.

Sales of the company’s PlayStation 5 home video game console stood at 18.5 million units, topping its target of 18 million units. Sony posted growth in subscription service membership, and its smartphone sensor and music businesses were also robust.

Sony expects that the high tariff policy of U.S. President Donald Trump’s administration will squeeze the firm’s operating profit by about ¥100 billion in fiscal 2025.

It plans to spin off subsidiary Sony Financial Group Inc. in October. Compared with the fiscal 2024 earnings excluding the financial business, Sony expects its group sales to fall by 2.9 pct to ¥11.7 trillion and net profit by 12.9 pct to ¥930 billion in the current fiscal year.