Latest news with #SonyGroupCorporation
Yahoo
17 hours ago
- Business
- Yahoo
Was Jim Cramer Right About Sony Group Corporation (SONY)?
We recently published a list of In this article, we are going to take a look at where Sony Group Corporation (NYSE:SONY) stands against other stocks that Jim Cramer discusses. In that older episode, a caller brought up Sony Group Corporation (NYSE:SONY), pointing out that the stock was underappreciated despite strong fundamentals, a stock split, dividend boost, and buyback. Cramer said: 'I like it. They've got to get out of this… They've got to tell me, 'Listen, we're not interested in a takeover,' because I just like the stock as is. And it's been weighed down by the takeover talk.' A team of content creators using the latest devices and software to produce high-quality animation and motion pictures. Cramer's faith in Sony paid off handsomely with a 58.99% gain. Sony Group Corporation (NYSE:SONY) blends gaming, entertainment, and consumer electronics under one powerhouse brand, with PlayStation as a major growth driver. Overall, SONY ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SONY and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Time of India
16-05-2025
- Business
- Time of India
Sony looks to dial up music play
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Sony Group Corporation is seeking to grow its music business in high-potential markets such as Latin America, India and other parts of Asia, according to a senior company Japanese conglomerate, a consumer electronics company, has transformed itself into an entertainment giant straddling games, music, film and is evaluating additional strategic investments in select areas of its business and in music catalogues, aiming to strengthen revenue streams and asset value. Entertainment accounted for 61% of Sony's consolidated sales in FY24, up from 30% in FY12. India's $30 billion media and entertainment sector is one of the fastest growing markets globally. "Over the last several years, our business direction has shifted towards entertainment. The decision to lean more heavily into this space was driven, of course, by the strength and growth of our entertainment businesses," said Sony president and CEO Hiroki Totoki during company's corporate strategy presentation on May 14 in Tokyo. Totoki took over as CEO last India, the group operates its entertainment business through Sony Pictures Networks India (SPNI), which is its largest media business globally, and Sony Music Entertainment India (SMEI), its television and music businesses, respectively. Crunchyroll, its anime streaming platform, also has a key presence in India. The music arm holds a 20% share of the Indian music market Beyond organic expansion and acquisitions, Totoki said Sony Group is also looking at strategic investments in content, music catalogues and growth areas such as anime, including India. The company is focusing on expanding its IP portfolio through biopics, documentaries and live events, while also exploring the use of AI in ways that respect artist rights.
Yahoo
14-05-2025
- Business
- Yahoo
SONY's Q4 Earnings Increase Y/Y & Revenues Fall, Costs Down
Sony Group Corporation SONY reported fourth-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥32.63 (21 cents), up from ¥30.72 in the year-ago quarter. The Zacks Consensus Estimate was pegged at 12 cents. Adjusted net income came in at ¥197.7 billion compared with ¥189 billion in the prior-year quarter. Quarterly total revenues plummeted 24% year over year to ¥2,630.2 billion ($17 billion). This downside resulted from soft sales in the Game & Network Services (G&NS), Entertainment, Technology & Services (ET&S) and Financial Services segments amid steady growth across the Music, Pictures and Imaging & Sensing Solutions (I&SS) segments. The Zacks Consensus Estimate was pegged at $20 billion. (See the Zacks Earnings Calendar to stay ahead of market-making news.)In the past year, the stock has gained 47% compared with the Audio Video Production industry's rise of 40.9%. Image Source: Zacks Investment Research In the quarter under review, G&NS sales were down 4.2% year over year to ¥1051.3 billion. Segmental sales decreased due to a fall in sales of hardware and first-party game software titles, offset by higher sales of non-first-party titles and forex tailwinds. Operating income tanked to ¥92.7 billion from ¥106 billion in the prior-year sales improved 9.5% year over year to ¥470.7 billion in the fiscal fourth quarter on the back of higher revenues from streaming services in Recorded Music and Music Publishing. The positive impact from the consolidation of ePlus Inc. within Visual Media & Platform and favorable forex movement cushioned the uptick. Operating income was ¥83.6 billion, up from ¥71.2 billion in the prior-year sales grew 1.9% year over year to ¥414.6 billion. The upside was driven by synergy stemming from the acquisition of Alamo Drafthouse Cinema and higher revenues for Crunchyroll due to paid subscribers strength. Operating income was ¥53.5 billion compared with ¥30.7 billion a year ago.I&SS sales rose 2.6% year over year to ¥409 billion, owing to an increase in sales of image sensors for mobile products and forex strength. Operating income was ¥34.5 billion compared with ¥34.7 billion in the year-ago quarter, owing to favorable forex impact. Sony Corporation price-consensus-eps-surprise-chart | Sony Corporation Quote ET&S sales totaled ¥484.1 billion, down 9% year over year due to a decline in television sales driven by lower unit sales amid forex tailwinds. During the quarter, the interchangeable lens camera market grew about 9% year over year in units. Operating loss was ¥20.4 billion compared with a loss of ¥6.4 billion in the year-ago quarter. Financial Services losses were ¥172.4 billion against revenues of ¥672.9 billion a year ago. This downtick was caused by a considerable revenue decrease at Sony Life. Also, there was a deterioration in net gains and losses on investments related to market fluctuations for both the general account and the separate accounts. Operating loss totaled ¥11.6 billion against income of ¥26.1 billion in the year-ago quarter. All Other sales were up 17.5% to ¥25.6 billion in the fiscal fourth quarter. Operating loss was ¥9.8 billion compared with ¥5.5 billion in the year-ago quarter. For the quarter under review, total costs and expenses were ¥2,423.9 billion, down 25.5% year over year. Operating income was ¥203.6 billion, falling 11.2% year over year. In the 12 months ended on March 31, 2025, Sony generated ¥2,321.7 billion of cash from operating activities compared with ¥1,373.2 billion in the prior-year of March 31, 2025, the company had ¥2,981 billion in cash and cash equivalents with ¥2,354 billion of long-term debt. Sony has provided its outlook for the fiscal year ending March 31, 2026. It expects sales of ¥11,700 billion, down 3% year over year, plagued by a slowdown in the GN&S and ET&S segments amid growth in the I&SS remains wary of the ongoing macroeconomic and geopolitical turbulence stemming from tariff volatility. Taking into consideration the potential impact of the tariff, Sony estimates its operating income of ¥1,280 billion, down from ¥1,380 billion without the tariff income is estimated to be ¥930 billion, down 13% year over year. Sony currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Badger Meter, Inc. BMI reported EPS of $1.30 for first-quarter 2025, which beat the Zacks Consensus Estimate by 20.4%. Also, the bottom line compared favorably with the year-ago quarter's EPS of 99 the past year, shares of BMI have gained 17%.Cadence Design Systems CDNS reported first-quarter 2025 non-GAAP EPS of $1.57, which beat the Zacks Consensus Estimate by 5.4%. The bottom line increased 34.2% year over year, exceeding management's guided range of $1.46-$ of Cadence have gained 7.7% in the past Inc. WWD reported second-quarter fiscal 2025 adjusted net earnings per share (EPS) of $1.69, which increased 4.3% year over year. The figure beat the Zacks Consensus Estimate by 17.4%.In the past six months, shares of WWD have gained 9.9%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
14-05-2025
- Business
- Business Mayor
Sony shares rise about 2% in volatile trading following share buyback announcement
Global Economy May 14, 2025 A file photo of Hiroki Totoki, Sony Group Corporation executive, delivering a keynote address at CES 2025 in Las Vegas, on January 6, 2025. Artur Widak | Nurphoto | Getty Images Sony Group shares rose about 2% Wednesday in volatile trading after the Japanese conglomerate announced a 250 billion yen ($1.7 billion) share buyback and operating income beat estimates. Operating income for the last three months of the financial year came in at 203.6 billion yen, beating mean analyst estimates of 192.2 billion yen, though it was down 11% from the same period last year. In the earnings report, the Japanese-based electronics, entertainment and finance company announced a stock buyback of shares worth 250 billion yen. Sony also provided details on a partial spinoff of its financial unit. The company plans to distribute slightly more than 80% of the shares of common stock of the spinoff to shareholders of Sony Group through dividends. The financial unit will list its financial operation this year and will be classified as a discontinued operation in Sony's accounting from the current quarter, the company added. However, Sony's outlook for the current financial year ending in March was lackluster. The company forecasted its operating profit to rise a slight 0.3% to 1.28 trillion yen, after flagging a 100 billion yen hit from U.S. President Donald Trump's trade war. Yet, Sony clarified that the estimated tariff impact did not reflect the trade deal made between the U.S. and China on May 12 and that the actual impact could vary significantly. Read More China Industrial Profits Return to Growth READ SOURCE
Indian Express
24-04-2025
- Business
- Indian Express
Sony unveils new pink variants of WH-CH520 and WH-CH720N headphones in India
Sony India on Thursday, April 24, launched a new pink colour variant of its popular wireless headphones, the WH-CH520 and WH-CH720N. The latest launch aims to attract younger, fashion-forward users who see technology as a part of their personal style. These headphones are now available at Sony retail stores and online platforms across India. The WH-CH720N, priced at Rs 9,990, is an over-ear headphone designed for an immersive audio experience. It features advanced noise-cancellation powered by Sony 's Integrated Processor V1, which blocks ambient noise for better sound clarity. With 30mm drivers, it delivers rich and balanced audio. It also offers up to 35 hours of battery life on a single full charge, and quick charging provides hours of playback in just a few minutes, making it ideal for users who are always on the move. The WH-CH720N further boasts a lightweight fit and comfortable design. The WH-CH520, priced at Rs 4,490, is a lightweight, on-ear headphone that now comes in pink, along with its existing colour options: blue, beige, white, and black. It provides up to 50 hours of battery life and includes features such as Voice Pickup, beam-forming microphones for clear calls, and support for multipoint connection, swift pair, fast pair, and 360 Reality Audio. These features make it suitable for every day use, especially for multitasking between devices. With the introduction of the pink colour, Sony is expanding its appeal beyond traditional tech users. The bold, stylish design is aimed at younger audiences looking to match performance with personality. Sony India, a subsidiary of Sony Group Corporation, Japan, is known for its strong presence across categories like personal audio, television, digital imaging, and gaming. The new pink headphones are available starting April 24 at all major retailers and Sony centres.
