Tag: Sony Corporation

Revenues at Sony Pictures fell by 25 percent ($615 million) in the second quarter, largely as a result of lower theatrical revenues.

Despite a reduction in revenues, operating income at Sony Pictures Entertainment in Q1 rose to $233 million.

Revenues at Sony Pictures Entertainment rose by 3 percent to $9.4 billion for the 2019 fiscal year, with operating income increasing to $637 million.

Operating income at Sony Pictures dropped from $102 million to $51 million in the third quarter on revenues that slipped by 12 percent to $2.2 billion.

For the fiscal year ended March 31, Sony reported a profit of 916.3 billion yen ($8.2 billion), up from 490.8 billion yen posted a year prior.

Sony Corporation delivered better-than-expected financials for the second quarter of 2018, with a 6-percent revenue gain to 2.2 trillion yen ($19.6 billion) and a net income of 173 billion yen ($1.5 billion), driven by its gaming business.

For the full fiscal year, Sony Corporation recorded profits of 490.8 billion yen ($4.5 billion).

Kenichiro Yoshida has been named president and CEO of Sony Corporation, which posted a surge in profit in its latest quarterly report, while Kazuo Hirai transitions to the role of chairman.

Sony Corporation reported a 346-percent increase in Q2 operating income and said that it expects to post its highest-ever profit this year.

Sony Corporation posted a spike in first-quarter operating income, which reached 157.6 billion yen ($1.43 billion), up 180.5 percent.