All three of Sony Group Corporation’s entertainment segments – film and TV, music and Games and network services – improved their profitability between July and September, the second quarter of the Japan and Hollywood conglomerate’s financial year.
Group revenues increased by 8% in local currency terms to JPY2.83 trillion, compared with JPY2.75 trillion in the same quarter last year. But Sony’s financial services unit and its entertainment technology segment pulled down group sales and profitability.
The group’s net after tax profits dropped a hefty 29% to JPY200 billion. That compared with JPY264 billion in the equivalent quarter last year and JPY282 billion in the April to June 2023 quarter.
