NYSE$SONY
Sony Group Corp.-ADR · Q1 2022 earnings
Q1 2022 earnings · · Before market open · Investor relations
Briefing
Sony reported solid Q1 FY21 results with higher revenue and profit driven by strong Music and EP&S segments, despite a decline in G&NS operating income.
Sony posted revenue of ¥2.26 trillion and net income of ¥211.8 billion for Q1 FY2021. Significant gains were seen in the Music and Electronics Products & Solutions segments, while Financial Services and G&NS posted weaker operating results. EPS grew to ¥169.22.
- Revenue grew 15% YoY to ¥2.26 trillion
- Net income increased to ¥211.8 billion from ¥193.6 billion
- Music and EP&S segments drove revenue and profit growth
- G&NS and Financial Services segments posted lower operating income
Headline financials
Revenue & EPS history
Sony · Revenue · Quarterly
¥20.6B
Revenue by segment
Sony · ¥17.1B total across 6 segments · Q1 2022
- Game & Network Services¥5.57B-99.1%32.6%
- ET&S¥5.21B-98.6%30.5%
- Music¥2.3B-98.7%13.5%
- Imaging & Sensing¥1.97B-99.0%11.5%
- Pictures¥1.85B-98.9%10.8%
- All Other¥199M-99.2%1.2%
Forward guidance
Sony expects FY21 to end with higher sales and operating income driven by strong performance in Music, Pictures, and EP&S. However, Financial Services is forecasted to see margin pressure.
Tailwinds
- Upward revision in Music segment operating income forecast (+¥28B)
- Strong Q1 performance in EP&S led to higher full-year guidance
- Stable outlook for Pictures segment profitability
- Solid recurring revenue from subscription streaming services
- Favorable FX expected to benefit export-heavy segments
Headwinds
- Decline in Financial Services revenue YoY
- G&NS segment impacted by lower PS4 hardware sales and aggressive PS5 pricing
- Lower-than-expected TV sales in EP&S
- Increase in SG&A expenses across segments
- Uncertainty in theatrical and TV production schedules due to COVID-19
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
50%
27 / 54 earnings
Positive
+13.9%
Q4 2020
Best reaction
-7.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -0.3% | -2.6% | -10.5% | |
| Q4 2023 | +2.9% | -1.1% | -3.7% | |
| Q2 2023 | -7.8% | -6.5% | -6.2% | |
| Q4 2022 | +5.8% | +2.0% | -4.3% | |
| Q3 2022 | +9.7% | +10.6% | +24.4% | |
| Q2 2022 | +0.8% | -4.2% | -11.4% | |
| Q4 2021 | -2.1% | -2.5% | -12.5% | |
| Q2 2021 | +0.5% | -0.5% | -2.5% | |
| Q3 2021 | +2.0% | +8.9% | +7.1% | |
| Q1 2022 | +0.0% | -1.0% | +4.4% | |
| Q1 2021 | -1.5% | +1.4% | +2.7% | |
| Q4 2020 | +13.9% | +16.5% | +4.9% | |
| Q3 2020 | +10.7% | +10.4% | +21.4% | |
| Q2 2020 | +0.9% | -1.5% | -4.8% | |
| Q1 2020 | +0.4% | -0.9% | +7.7% | |
| Q4 2019 | -0.3% | -0.6% | -10.0% | |
| Q3 2019 | +0.8% | +3.9% | +7.2% | |
| Q2 2019 | +4.6% | +0.5% | +3.7% | |
| Q1 2019 | +0.3% | +2.2% | +3.6% | |
| Q4 2018 | -7.6% | -11.8% | -4.4% | |
| Q3 2018 | +1.0% | +5.2% | +1.7% | |
| Q2 2018 | +3.2% | +5.0% | +8.3% | |
| Q1 2018 | -6.8% | -7.0% | -7.5% | |
| Q4 2017 | -0.5% | +2.0% | +1.1% | |
| Q3 2017 | +3.8% | +0.8% | -0.3% | |
| Q2 2017 | -0.5% | -3.3% | -2.5% | |
| Q1 2017 | +0.5% | +3.0% | +8.5% | |
| Q4 2016 | -0.8% | -1.3% | -1.2% | |
| Q3 2016 | +0.0% | -1.0% | -4.1% | |
| Q2 2016 | +1.2% | +1.5% | +0.9% | |
| Q1 2016 | +2.9% | +2.8% | +7.9% | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | -2.9% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | +9.4% | — | — | |
| Q3 2014 | +4.8% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | -1.2% | — | — | |
| Q3 2013 | +5.9% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q2 2012 | +3.4% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2011 | -3.3% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | -5.4% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q3 2009 | — | — | — | |
| Q4 2009 | — | — | — |
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