Sony registers a strong operating income of US$8.06 billion

Sony Corporation registered a strong operating income of US$8.06 billion (¥894.2 billion) in fiscal year 2018 ended March 31, 2019, with a year-on-year growth of 22 per cent compared to the year ago.  

The company’s consolidated sales and operating revenue was valued at US$78.14 billion (¥8.65 trillion), compared to the previous year’s US$77.04 billion (¥8.54 trillion). For the first time in history, income before income taxes exceeded a trillion yen reaching US$9.12 billion (¥1.11 trillion).

The steady growth in Sony’s business is exemplified by its product focus on efficiency and the brisk performance of key segments including Game & Network Services (G&NS), Home Entertainment & Sound (HE&S), and Imaging Products & Solutions (IP&S).

The Home Entertainment & Sound segment posted a 3.8 percent year-on-year increase from US$773.6 million (¥85.8 billion) to US$808.8 million (¥89.7 billion) in its operating income as a result of a shift to high-value added models of 4K BRAVIA OLED TVs. Meanwhile, overall sales recorded a six percent year-on-year decrease of US$10.42 billion (¥1.155 trillion) primarily due to a decline in unit sales of televisions resulting from a strategic decision to focus on profitability, and the negative impact of foreign exchange rates.

The Imaging Products & Solutions segment witnessed a steady increase in both sales and operating income attributed to the improvement in the product mix and a shift to high value-added models such as mirrorless single-lens cameras and the interchangeable lens lineup, as well reductions in operating costs. The IP&S segment achieved overall sales of US$6.05 billion (¥670.5 billion) while the operating income was recorded at US$757.4 million (¥84 billion).

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