Sony (SONY) 28 Oct 212021 Q3 Earnings call transcript

Ladies and gentlemen, we will now begin FY21, Q2 earnings announcements of Sony Group Corporation. I'm Okada from Corporate Communications. I'll be serving as master of ceremonies today. This session is to our media analysts and institutional investors to whom we have sent out an invitation in advance. This session is webcast live on our Investor Relations website.

Mr. [Indiscernible] First, Executive the our the Chief Officer, Financial forecast Hiroki results Deputy for explain Q&A. by consolidated FYXX, consolidated FYXX will for Totoki, followed President QX, results and XX is minutes. Duration Mr. yours. Totoki, the floor is

of income I to Quarter September the X.XXXX Corporation's decrease X for quarter. same and Second metrics. Income same which increased trillion primarily yen, year-on-year second discuss shareholder highs XXX.X results compared the for of material operating year-on-year increased ended show following allowances each yen, was The securities reversal Net yen XX.X-billion-yen fiscal XX, billion due assets. profit the of results investment. XXX.X X The XXX.X-billion-yen of tax deterioration to topics. Today, the of recorded yen, record consolidated against the income billion will Group QX. X.X a yen variation losses quarter previous for both of for compared segment of a recording before quarter by year, XX% 'XX to to deferred of the previous to various the gains fiscal consolidated the income position billion attributable see to the included Sony a billion FYXX slides Please decreased taxes and the XXX.X on XXX.X pages billion to presentation year to

FY are XX income X.XXX 'XX. Next, operating X.X I to yen sales to yen. to for our XXX the yen. expected increase Consolidated compared trillion forecast show is to billion forecast billion to previous will results consolidated increase expected billion yen And

income yen, Group our upwardly net attributable forecast and XXX taxes Sony to also to income revised yen. before We to billion our shareholders, for income forecast corporation XXX C for have billion

the cash I This our situation Services for excluding explain operating FY will by shows forecast XXX 'XX. yen. our slide consolidated of segments. our billion segment, segment business unchanged for now is the at in Financial each focus flow, Our

a sales First year-on-year an in and segment. XXX.X decreased game due hardware to titles. yen, devices. third-party deterioration income services to billion peripheral increased and XX% significant of and primarily sales hardware to QX XX.X year-on-year is to sales the billion in due PlayStation Operating network an increase XX.X-billion-yen a increase in software game profitability X FY yen, the 'XX of primarily

of sign those the engagement previous in X, software fiscal first half the to quarter quality major party Our a the previous the 'XX forecast. by unchanged FY exceeded users software sales, content game demand In stay-at-home that fiscal released. user this is in over the exceeded that sales year-on-year. increased. strong. second as the when same those time fiscal remains West the the from well year, titles in Total gameplay content year, XX% scheduled of add-on increase year Horizon an are be titles, same QX Driven Turismo Forbidden of quarter was the PlayStation forecast Gran positive add-on third-party sales fact software has previous But of and as decreased

software to exert we components, of and development continuing PlayStation for target the technical companies the titles. strengthen more. of platform fans Both titles, by contributed the PSX the Fire they acquisition impacting the product, announced and have software who the exciting waiting limitations even especially our to to records, for, meeting time, are momentum FY As chain, distribution month. expectations engagement to At the global more We're of every factors maintain this game expect are 'XX-unit hardware. supply the capabilities Strike play no of our people user of semiconductors. games is several these further BluePoint for capability, on effort and the PSX. here of significantly the gaming too supply track such To But and September as have we development sales there to in this of excellent many our superior of the change increase distraction supply

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XX%. As number a of to will and We fiscal of announced our to for aggressively invest continue the by result the in acquisition developers XX development beginning by capability of since will number to forward. the year, increase studios this four increase the PlayStation almost going plan

expected lower mobile XX.X that billion the income includes billion yen which application anime quarter -- media Next for an X.XX FY of visual a is the X.X-billion-yen operation of impact due of XXX.X income XX X/X in income the significant operating income operating is segment. 'XX and in the year-on-year year the that to to yen a the accounted Music combination yen of previous compared one-time same expected to revenue. from The trillion billion game XX% to of approximately was yen. of FY increased operating streaming previous are increase the billion to than sales, sales recorded of and Japan. platform, yen increase in our 'XX XXX business XX primarily QX yen and billion FY operating 'XX yen, to segment. sales which for to increase quarter to X.X increase forecast billion to gain the outside transfer a fiscal decreased Despite

recorded QX grow rate, year-on-year music XX% XX%, at year-on-year revenue a a in in high publishing. continued XX% Streaming to music and in

income of fifth consecutive to market Japan, a where year Sony Music growth record is reach high for the for our this is year. Group, responsible expected outside operating fiscal which streaming is conspicuous, business music the of the

a XXth, enhanced business history the Easy efforts which renowned in Moreover, song discover We singer top released recorded made October an single most XXX in new years as to songs the after songs generate day. Spotify's songwriter, artists. nurture on business thanks XX Me, On ranking. to to six played QX, song, of was well hits by average continue In and on the has music Spotify Adele of global

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