JAKARTA - The Sony Group still makes big profits. However, the 2025 fiscal year was not entirely smooth. The Japanese entertainment and technology giant's net profit fell 3.4 percent after being burdened by the reduction of the electric car business with Honda.
Citing Kyodo News, Friday, May 8, Sony posted a net profit of 1.03 trillion yen or about 6.57 billion US dollars for the fiscal year ending March 2026.
The decline came despite Sony's core business remaining strong. Operating profit rose 13.4 percent to 1.45 trillion yen. Sales also grew 3.7 percent to 12.48 trillion yen.
The music sector is one of the pillars. Revenue from streaming services also lifted the company's performance. The image sensor business for mobile phones also recorded the highest operating profit in history.
However, the burden came from another direction. Sony recorded a loss of 44.9 billion yen after canceling plans to market electric vehicles in a joint venture with Honda Motor Co.
Sony and Honda formed a joint venture in 2022 to develop and market electric vehicles. However, in April, both companies stated that they would reduce the scale of the cooperation.
The move comes as demand for electric vehicles in many countries slows. Honda is also reviewing its electrification strategy.
Sony was also affected by the impairment loss from Bungie Inc., an American game company that is its subsidiary.
Even so, Sony said its "business performance remains solid". The company expects net profit for fiscal year 2026 to rise 12.5 percent to 1.16 trillion yen. Operating profit is projected to grow 10.5 percent to 1.60 trillion yen.
If achieved, the profit will be the highest for Sony in the current business year. However, sales are expected to fall 1.4 percent to 12.30 trillion yen.
Sony emphasized that "its business performance remains solid" despite being impacted by the impairment loss from Bungie and the cancellation of the electric vehicle marketing plan.
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