Sony Group Corp. posted its fourth-quarter fiscal 2021 net income per share (on a GAAP basis) of ¥88.98 (77 cents) per share, compared to Zacks Consensus Estimate of 82 cents. The figure is +67% higher from the year-ago quarter.
Total revenues were up + 1% year over year to ¥2,264 billion ($19,486.3 million). The Zacks consensus estimate was $20,818.7 million.
The company’s revenue from Game & Network Services (G&NS) rose +0.8% year over year to ¥665.3 billion. Music sales climbed +10.2% year over year to ¥294.6 billion. Revenue in Pictures surged +55.9% year over year to ¥312.2 billion. Entertainment, Technology & Services (ET&S) sales were 4.2% higher year over year to ¥494.1 billion. Imaging & Sensing Solutions sales rose + 9.9% year over year to ¥255.3 billion. Financial Services sales fell -36.4% year over year to ¥279.7 billion.
Looking ahead, Sony projects fiscal full-year sales growth of +15%, likely to be driven by significant improvement in G&NS and I&SS segment sales
It expects operating income to decrease -4% to ¥1,160 billion, down 4% year over year. Net income forecast is ¥830 billion, down -6% year over year. Operating Cash Flow is expected to rise +29% to ¥1,050 billion.