FY2025 Consolidated Financial Results

Key insights

6 takeaways

01
Sony Group’s total sales grew 4% to ¥12.48 trillion, while operating income rose 13% to ¥1.45 trillion, driven primarily by the Imaging & Sensing Solutions and Music segments.See it on page 10
02
Net income attributable to shareholders declined 3% to ¥1.03 trillion, impacted by higher impairment charges and equity-method losses within the Financial Services arm.See it on page 10
03
The Music division achieved record-high operating income of ¥89.7 billion, a 25% increase fueled by streaming growth and the Demon Slayer franchise.See it on page 14
04
Sony projects a 11% decline in Music segment operating income for FY2026 to ¥47 billion, as streaming gains are expected to be offset by the loss of Demon Slayer’s contribution.See it on page 15
05
Operating cash flow remained flat at ¥1.97 trillion for the fiscal year.See it on page 26
06
The Sony Financial Group spin-off was reclassified as a discontinued operation starting in Q1 FY2025.See it on page 2

Summary

Sony Group’s FY2025 consolidated results demonstrate modest revenue growth and a mixed profitability profile across its core business units. Total sales increased 4% to ¥12.48 trn, largely driven by higher operating income in the Imaging & Sensing Solutions (I&SS) and Music segments. Operating income rose 13% to ¥1.45 trn, while net income attributable to shareholders fell 3% to ¥1.03 trn because of a larger equity-method loss in the Financial Services arm and higher impairment charges. Operating cash flow remained flat at ¥1.97 trn, and the spin-off of Sony Financial Group was treated as a discontinued operation from Q1 FY25 onward.

Within the Music division, sales climbed 15% to ¥277.5 billion, propelled by growth in Recorded Music and Music Publishing streaming revenues (+9% and +14% respectively), live-event income, and a strong contribution from the Demon Slayer franchise. Operating income in this segment surged 25% to ¥89.7 billion, reaching a record high even after excluding one-time items. Sony projects flat sales for FY2026, with operating income expected to decline 11% to ¥47 billion as streaming gains are offset by the loss of Demon Slayer’s impact.

The company consolidates its Pictures and Music results on a U.S. dollar basis, translating foreign-currency sales and costs using weighted average exchange rates while accounting for hedging transactions. Foreign-exchange fluctuations affect both sales and operating income, with I&SS hedging gains or losses incorporated into these calculations. These disclosures supplement, but do not replace, Sony’s IFRS-compliant consolidated financial statements.