For FY2021, Sony Pictures' consolidated operating income increased by 636% over last year's $178.5m, a record increase of $1.31bn.
Sony Corporation registered a Q3 operating income of $4.09bn in FY2021, a 32% increase from $3.09bn in FY2020.
Concluding 31 December 2021, the recorded overall sales for Q3 FY2021 achieved $26.66bn a 13% increase from $23.69bn in FY2020. Contributing to the overall sales and operating income was the robust growth recorded by Pictures, and Imaging & Sensing Solutions (I&SS) segments.
Sony Pictures business witnessed an increase of $1.31bn or a record 636% jump in consolidated operating income for FY2021 against last year’s $178.5m. Its consolidated sales increased to $4.06bn against last year’s $1.68bn. The increase in both overall sales and operating income was primarily due to the theatrical revenues from Spider-Man: No Way Home and Venom: Let There Be Carnage.
The Imaging & Sensing Solutions segment saw sales growth of 21.65% or $2.86bn as compared to last year’s $2.35bn. While the overall sales of the Game & Network Services (G&NS) business witness a decrease of $7.15bn from last year’s $7.76bn, its operating income increased by 15% or $817m against last year’s $710m.
Takakiyo Fujita, Managing Director, Sony Middle East and Africa, said: “The Middle East & Africa region remain a key growth market for Sony Corporation. Despite the global pandemic, most categories performed well, particularly in the TV segment. The launch of the new cognitive intelligence technology in our BRAVIA TVs contributed to the increasing demand for our premium and large OLED screens including A90J and A80J flagship models. This is also due to more customers spending more time at home using TVs to watch video-on-demand (VOD) contents, gaming and sports.
“The continuous rise in creating contents for social media platforms brought an increase in our digital imaging products such as in our vlogging cameras ZV-1 and ZV-E10 as well as our powerful full-frame mirrorless cameras such as Alpha 7 IV and Alpha 7SIII. These products and the new line-up for the financial year 2022 will continue to be in demand and we are optimistic of our increased business growth in the region.”
The Financial Services recorded an increase both on overall sales and operating income, while the Electronics Products & Solutions (EP&S) saw a decrease in both overall sales and operating income against last year. The Music segment achieved an increase in overall sales but registered a decrease in its operating income.
Meanwhile, the consolidated results forecast for FY2021 are expected to be $87.61bn in sales while operating income is expected to be $10.61bn.
