The Sony Group Corp. logo is shown on a screen in the combined exhibition of advanced technologies (CEATEC) in Chiba, Japan, Wednesday, October 16, 2024.
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Sony group The shares increased around 2% on Wednesday in the volatile negotiation after the Japanese conglomerate announced a repurchase of shares of 250 billion yen ($ 1.7 billion) and the estimates of rhythm of operational income.
Operating income during the last three months of the financial year reached 203.6 billion yen, exceeding the average estimates of LSEG analysts or 192.2 billion yen, thought it had dropped 11% since last year.
In the profit report, the electronics, entertainment and finance company based in Japanese announced a repurchase of shares of shares worth 250 billion yen.
Sony also provides details about a partial spin or its financial unit. The company plans to distribute a little more than 80% of the ordinary shares of the split to Sony Group shareholders through dividends.
The Financial Unit will list its financial operation this year and will be classified as a discontinued operation in Sony’s accounting of the current quarter, Sony added.
However, Sony’s perspective for the current financial year that ended in March 2026 was mediocre.
The company predicted that its operational gain will increase 0.3% to 1.28 billion yen, after marking a coup of 100 billion yen of the commercial war of the president of the United States, Donald Trump. This was below the an average estimation of the analyst of 1.39 billion yen.
However, Sony clarified that the estimated tariff impact did not reflect the commercial agreement between the United States and China on May 12 and that the real impact could vary significantly.
Sony, which stood out in the 1980s for its consumer electronic products such as Walkman, has expanded its offers to include movies, music and play consoles such as the popular PlayStation.
