Sony Group Corp.
Consumer ElectronicsFounded 1946- Updated July 2025
Reviewed by Swet Parvadiya
Last reviewed: July 2025
CorpDigest
Sony Group Corp.
Financial Performance
Last reviewed: July 2025 · By Swet Parvadiya
Revenue
$87.5B
Market Cap
$100.0B
Net Income
$6.5B
Employees
113,000
Sony's FY2024 revenue of $87.5 billion grew from $79.8 billion in FY2021 — a compound annual growth rate of approximately 3%, consistent with a diversified conglomerate rather than a high-growth technology business. Net income of $6.5 billion represented a 7.4% net margin, which masks the significant variation in profitability across six business segments that range from high-margin intellectual property licensing to capital-intensive hardware manufacturing. The full privatization of Sony Financial Group in FY2024 — acquired at a cost that was larger than the initial minority stake valuation — consolidated a business segment that had operated semi-independently and added financial services revenue to the consolidated reporting. This acquisition explains much of the revenue growth from FY2023's $85.4 billion to FY2024's $87.5 billion. The Gaming segment's shift from physical to digital distribution is the most important margin story in the portfolio. Digital game purchases, where Sony collects 30% of the sale price through the PlayStation Store, have grown from a minority of gaming revenue to a majority, fundamentally changing the segment's economics without requiring additional hardware investment. The 116 million PlayStation installed base generates recurring digital revenue through each console generation, providing a stable floor under the gaming segment's financial performance. The image sensor business, currently accounting for roughly 12% of group revenue, carries semiconductor-grade margins that are substantially higher than the consumer electronics segments. As smartphone camera specifications continue to increase — more cameras per phone, higher resolution, more sophisticated computational photography — the unit value of Sony's sensors has grown alongside the unit count, providing revenue growth that does not require market share gains.
Revenue Trend Analysis
YoY Change
+2.5%
4-Year CAGR
+3.3%
Peak Year
2024
Trend
Consistent Growth
Sony Group Corp. has reported revenue across 5 fiscal years, compounding at +3.3% annually over 4 years. The most recent year saw a 2.5% increase versus the prior year. Revenue peaked in 2024 at $87.5B. Out of 4 reported periods, 4 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $87.5B | $6.5B | +2.5% |
| FY2023 | $85.4B | — | +4.0% |
| FY2022 | $82.1B | — | +2.9% |
| FY2021 | $79.8B | — | +3.9% |
| FY2020 | $76.8B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Sony Group Corporation reported revenue of approximately 13.02 trillion yen, or roughly $87.5 billion at prevailing exchange rates, for the fiscal year ended March 31, 2024, which is fiscal 2023 in Sony's reporting calendar. Operating income was approximately 1.21 trillion yen and net income attributable to Sony shareholders was approximately 970 billion yen. Game and Network Services contributed the largest single segment revenue at approximately 4.27 trillion yen, followed by Financial Services, Pictures, Music, Entertainment, Technology and Services, and Imaging and Sensing Solutions. Operating margins varied widely across segments, with Music and Imaging and Sensing Solutions generally posting the highest segment margins, and Pictures and Game and Network Services running thinner margins on a percentage basis but contributing large absolute profits. The fiscal 2023 results reflected strong PlayStation 5 hardware sales offset by softening gaming software trends, continued growth in Sony Music recorded music and publishing revenue, mixed results in Pictures due to film industry production headwinds tied to Hollywood labor disputes, and resilient Imaging and Sensing Solutions performance despite smartphone unit volume weakness. The strong yen weakness during the fiscal year had a material positive translation impact on reported revenue and earnings.
Sony Group Corporation's market capitalization sits around $100 billion in 2024, with shares listed on the Tokyo Stock Exchange under code 6758 and as American depositary receipts on the New York Stock Exchange under the ticker SONY. The stock has been one of the better-performing large-cap Japanese equities of the past decade. Sony's valuation typically trades at a price-to-earnings ratio in the mid-teens, consistent with a content and technology conglomerate, and significantly above the broader Topix index average. The strong yen has historically weighed on reported earnings translated back from dollar-denominated sales, but the persistent yen weakness from 2022 onward provided a tailwind to reported revenue and net income, helping the share price reach multi-decade highs. Sony has been an active buyer of its own shares in recent years through repurchase programs while also paying a modest dividend, returning capital that reflects the cash generation across PlayStation, image sensors, music, and financial services. Index inclusion in Topix and Nikkei 225 means foreign institutional investors hold a substantial share of the float, and the company is regularly cited as one of the major Japanese names that benefits from the corporate governance reforms of the Abe and Kishida eras.
Sony returns capital to shareholders through a combination of dividends and share buybacks that has expanded significantly under the corporate governance reforms of the past decade. The company pays semi-annual dividends, with the annual dividend per share for fiscal 2023 totaling 75 yen, well above the levels paid a decade ago when Sony was working through losses in television and mobile. The dividend yield is modest, typically in the 0.5 to 1.0 percent range on the share price, reflecting both the elevated share price and the company's preference for buybacks as the larger capital-return instrument. Share repurchase programs have been announced regularly, including a major program in connection with the planned partial spinoff of the financial services business. The combination of buybacks and dividends has steadily reduced the share count while supporting the share price. Sony also engages in selective portfolio recycling, divesting non-core businesses such as the Vaio personal computer business sold in 2014 and the chemical products business sold in 2013, and reinvesting proceeds into higher-return businesses such as image sensors and gaming. The capital return policy is conservative by U.S. tech standards but progressive by traditional Japanese corporate norms.
Sony's balance sheet looks unusual for a global electronics and entertainment company because of the Financial Services segment, which contains Sony Life Insurance, Sony Bank, and related Japanese financial businesses. The Financial Services balance sheet, with insurance reserves, customer deposits, and investment assets, dwarfs the operating company balance sheet on a gross asset basis, with total assets across the group exceeding 33 trillion yen. The operating company segments, comprising Game and Network Services, Music, Pictures, Entertainment Technology and Services, and Imaging and Sensing Solutions, run on a much smaller asset base. Sony has historically maintained an investment-grade credit rating, currently around A3 at Moody's and A minus at S&P, allowing it to issue long-dated yen-denominated bonds at low coupons. The planned partial spinoff of the Financial Services business, announced in 2023, would unify the operating company balance sheet and let public market investors value the operating segments more transparently against pure entertainment and technology peers. Capital expenditure is dominated by Imaging and Sensing Solutions investments in new image sensor fabs in Japan, often running in the hundreds of billions of yen per year and partly subsidized by the Japanese government as part of its semiconductor industrial policy.
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CorpDigest. "Sony Group Corp. Revenue & Financials." CorpDigest, https://corpdigest.com/company/sony/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Sony Group Corp. reported $88B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/sony/financials" target="_blank" rel="noopener">CorpDigest — Sony Group Corp. financials</a></div>