Sony ups profit forecast amid strong Q1 performance

Sony Group Corporation announced Q1 FY2025 consolidated sales of JPY 2,621.6 billion and operating income of JPY 340.0 billion for continuing operations, increases of 2% and 36% year-on-year respectively. Net income attributable to stockholders rose 23% to JPY 259.0 billion.

The company revised its FY2025 operating income forecast upwards by JPY 50 billion to JPY 1,330 billion, primarily due to increased operating income in Game & Network Services.

Sony plans a partial spin-off of its Financial Services business, with the unit planning to list on the Tokyo Stock Exchange by September 29, 2025.