Sony Group Corp. Revenue & Financials

Sony Group Corp. Reported consolidated revenue of approximately 13.02 trillion yen for fiscal year 2024 (ended March 31, 2024), equivalent to roughly $87.5 billion at average exchange rates for the period. This represented a year-over-year increase of approximately 20% in yen terms, aided significantly by yen weakness against the dollar and euro — a meaningful tailwind given that a large portion of Sony's revenues are earned in foreign currencies. Operating income was approximately 1.21 trillion yen ($8.1 billion), representing a 9.3% operating margin. Net income attributable to Sony shareholders was approximately 970 billion yen ($6.5 billion), reflecting the combined benefit of strong gaming and music performance, partially offset by the capital deployed in the Sony Financial Group privatization and ongoing semiconductor investment. The Game & Network Services segment was the single largest profit contributor, generating operating income of approximately 407 billion yen on revenues of 4.31 trillion yen — an operating margin approaching 9.5%, with continued expansion expected as PlayStation Plus subscriber economics mature and hardware costs normalize toward the end of the PS5 cycle. Music operating income was approximately 285 billion yen on 1.82 trillion yen in revenues, representing a margin of roughly 15.7% — the highest operating margin of any Sony segment and reflective of the favorable economics of catalog music publishing. Sony's balance sheet as of March 31, 2024, showed total assets of approximately 31.2 trillion yen, with the Financial Services segment assets (primarily insurance and banking investments) accounting for the majority of balance sheet size. Excluding Financial Services, Sony's industrial net cash position was approximately 1.1 trillion yen, providing flexibility for continued capital allocation toward gaming content, semiconductor capacity, and potential acquisitions. Capital expenditure for fiscal 2024 was approximately 640 billion yen, primarily directed at the I&SS semiconductor segment's fab expansion in Kumamoto Prefecture.