On a positive note, Sony’s fiscal year came to a close with the closure of the quarter in March. It surpassed its own projections by posting a record operating profit of 1.21 trillion JPY, which is equivalent to $8.9 billion when converted.
Sony anticipates that its upcoming fiscal year, which will finish in March 2024, would bring in approximately 11.5 trillion JPY in revenues, which is almost the same as this year.
Outstanding sales of the PlayStation 5 are responsible for a significant portion of that success. When compared to the 11.5 million consoles that Sony sold in the prior fiscal year, which was plagued by supply chain issues, Sony achieved record sales of 19.1 million consoles during the current fiscal year.
Sony’s gaming division earned JPY3.64 trillion, or $27.3 billion.
In this current fiscal year (which will end in March 2024), Sony hopes to sell 25 million units. The PlayStation 5 is getting close to reaching 40 million units sold, which Sony is celebrating.
In contrast, the Mobile Communications business experienced a decline in revenues, which resulted in JPY356.8 billion ($2.62 billion) being brought in. This represents a decrease of 2.5% compared to the previous year. However, the company did not provide an exact figure for the number of phones that were sold.
The semiconductor business was Sony’s other major area of success. The image sensor business of Sony brought in JPY212.2 billion ($1.56 billion) in revenue, representing a year-over-year increase of 36%.
However, Sony anticipates a decline of 5.7% in its imaging chip business during the current fiscal year as a result of a slowdown in demand, particularly from Chinese smartphone manufacturers.