The Imaging & Sensing Solutions(I&SS) division reported sales of JPY 1.799 billion for the year. This is an increase of JPY 196 Billion compared to last year. Operating income increased to JPY 261, up JPY 66.6 billion from the previous year. Sony says that the foreign exchange rates have pushed these numbers higher.
The I&SS Division saw an increase in unit sales of smartphone images sensors, combined with a better product mix. It was selling more expensive models. The division does report higher manufacturing costs, and warns about higher R&D expenses. But that’s because it is moving sooner than expected to a more sophisticated semiconductor node. The goal is to increase density in both horizontal and vertical planes.
The report’s key message is that the I&SS division had record-high sales and operating income.
The Entertainment, Technology & Services Division is home to a variety of Sony electronics, including TVs, still cameras, video cameras, audio equipment, and, most importantly for us, smartphones. The news is not good. The division’s sales fell a little (from JPY 2,453 trillion to JPY 2,409 trillion), while operating income increased (from JPY 187 billion to JPY 191 billion).
To put it in perspective, this is about half of the revenue generated by the TV segment. Both TV and smartphone sales are down in terms of unit sales.
Game & Network Services had strong sales of games and add-on content – mainly third-party, first-party is down. The number of users who upgraded to higher tiers in PlayStation Plus increased, resulting in higher revenues for network services. Hardware sales are down.
G&NS announced total sales of JPY 4,670 trillion (up from JPY 4,267 trillion) for the year and an operating profit of JPY 414.4 billion (up JPY 294.4 billion).
Crunchyroll, Sony’s anime streaming service, reported an increase in paid subscribers. This led to higher revenues. Sony’s purchase of Alamo Drafthouse seems to be working well.
Sony Music reports higher sales, with streaming sales accounting for the majority. The overall operating income increased from JPY 307 billion to JPY 357 billion.
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Source”Sony’s image sensor division posts record income, smartphone business continues to shrink”
