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Sony Group Corp. It is displayed on the screen at the Advanced Technologies (CEATEC) combined exhibition in Chiba, Japan, Wednesday, October 16, 2024.
Bloomberg | Bloomberg | Gets the image
Sony Group On Wednesday, the stock increased more than 2% as a result of changing trades after the Japanese conglomerate announced the ransom of stock to $ 250 billion ($ 1.7 billion) and operating income estimates.
Operating profit over the last three months of the financial year came by 203.6 billion yen, beating the average analysts from LSEG 192.2 billion, although last year it fell by 11%.
In Report of incomeThe Japanese electronics company, the entertainment and financial company announced the ransom of shares worth 250 billion.
Sony also provided details of the partial spinoff of its financial unit. The company plans to distribute just over 80% of the SPinoff shares of Sony Group through dividends.
This year, the financial unit will list its financial work and will be classified as a stopped operation in Sony’s accounting, Sony added.
However, Sony’s forecast for the current fiscal year ended in March 2026 was insufficient.
The company predicts that the profit from the operation will increase by 0.3% to 1.28 trillion, after the US President Donald Trump noted. This was below the average analyst at 1.5 trillion.
However, Sony specified that the estimated tariff influence does not reflect the trade transaction between the US and China on May 12, and that the actual impact may vary greatly.
Sony, which has grown in the 1980s for its consumer electronics, such as Walkman – has expanded its offers to include movies, music and gaming consoles such as popular PlayStation.
