The Sony Group Corp. -Logo that was displayed on a screen at the combined exhibition of Advanced Technologies (Ceatec) in Chiba, Japan, on Wednesday, October 16, 2024.
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Sony group Shares rose by more than 3.5% in volatile trade on Wednesday after the Japanese conglomerate has announced the stock purchase of a maximum of 250 billion yen ($ 1.7 billion) and the estimates of the operational income income.
Working in the last three months of the financial year in the work, amounted to 203.6 billion yen, so that the average analyst estimates of LSEG of 192.2 billion yen were defeated, although it fell 11% compared to the same period last year.
In the winning report, the Japanese electronics, entertainment and financing company announced the repurchase of shares with 250 billion yen.
Sony also gives details about a partial spider -off of his financial unity. The company intends to distribute just over 80% of the ordinary shares of the spin -off on shareholders of Sony Group Thruh dividends.
The financial unit will mention its financial operation this year and will be classified as a terminated operation in the accounting of Sony from the current quarter, the company added.
However, Sony’s prospects for the current financial year that ended in March 2026 was bland.
The company predicted that its operation will rise by 0.3% to 1.28 trillion yen, after marking a hit of 100 billion yen from the trade war of US President Donald Trump. This was under the average estimate of the analysts of 1.5 trillion yen.
Sony noted that the estimated rate effect did not reflect the trade agreement between the US and China on Monday and that the current impact could vary considerably.
The US agreed to reduce the rate of temparails on China to 30%, a decrease of 145%, while Beijing said that it will lower the rates on American goods to 10%of 125%.
In a profit call on Wednesday, a Sony director said that the company would manage the impact of rates by “saving strategic inventory in the US, adjusting the allocation of product shipping on a global basis and increasing prices on certain products with an eye on market trends and other resources.”
Sony had increased the price of his PlayStation 5 gaming console in Europe, Australia and Nieuw -Zeeland in April, referring to a ‘challenging economic environment’, including high inflation and fluctuating exchange rates.
Sony – who grew fame in the 1980s for consumer electronics products such as The Walkman – You have extended its offers to entertainment, including films, music and game consoles such as its popular PlayStation.
President of Sony Group Hiroki Totoki, who also took on the role as CEO at the beginning of the year, said during the profit call that Sony’s Entertainment Business Act And that the company would continue to concentrate on expanding this segment.
The company would also double when increasing active users and the expenses for the Perus for his PlayStation 5 console, said Totoki, who stimulates Woolde Stable Win.
