Key Facts
• August 7, 2025: Sony revised its FY2026 operating profit forecast to ¥1.33 trillion.
• Previous forecast was ¥1.28 trillion, now reflecting a 4.2% year-on-year increase.
• U.S. tariff impact reduced from ¥100 billion (May estimate) to ¥70 billion.
• Analysts’ average forecast of ¥1.44 trillion (IBES) remains unmet.
• PlayStation 5 performance and currency effects boosted gaming profits by ¥200 billion.
• Music segment profit forecast increased by ¥5 billion to ¥360 billion.
• Full-year revenue forecast remains unchanged at ¥11.7 trillion, a 2.8% year-on-year decline.
• Exchange rate assumptions: $1 = ¥143, €1 = ¥157 (adjusted from ¥153 in May).
• Q1 FY2026 results: revenue rose 2.2% to ¥2.62 trillion, operating profit surged 36.5% to ¥339.9 billion.
Summary
Sony Group has raised its FY2026 operating profit forecast to ¥1.33 trillion, a 4.2% increase from its previous estimate of ¥1.28 trillion, citing improved gaming business performance and reduced U.S. tariff impacts. The PlayStation 5’s strong engagement and favorable currency effects contributed to a ¥200 billion profit boost in the gaming segment, while the music segment saw a modest ¥5 billion increase. Despite these adjustments, the forecast remains below analysts’ average projection of ¥1.44 trillion. Sony maintained its full-year revenue outlook at ¥11.7 trillion, a 2.8% decline year-on-year, and adjusted its euro exchange rate assumption to ¥157. For Q1 FY2026, Sony reported a 2.2% revenue increase to ¥2.62 trillion and a 36.5% rise in operating profit to ¥339.9 billion.
