Sony is still on track to record its most profitable year on record, which is mind-boggling when you consider the state the company was in just a few years ago. Ever since Push Square started we’ve been reporting on the Japanese giant’s dire financial straits, but former PlayStation president Kaz Hirai has completely resurrected the firm’s fortunes in recent years – and it’s about to seriously reap the rewards.
An extremely positive financial report released earlier today saw it record a net profit of ¥211.7 billion for the six month period ending 30th September, boosted by the performance of both the PlayStation 4 and the Spider-Man: Homecoming movie. The company now expects to log operating profits in the region of ¥630 billion for the fiscal year as a whole, smashing the organisation’s previous record of ¥526 billion in 1998.
[source ft.com]
Comments 20
I'm so happy for them yayyy
Wow well done Kaz. Incredible turnaround. Hopefully Sony look at the success of homecoming and continue to collaborate with Marvel Studios on future moviea after the existing deal expires
Well done and they upped their prediction from 75 mil Ps4 sold to 79 mil at the end of march.
Great news! I know they are really killing it in the camera department. Their OLED display is industry leading as well. I hope they keep up the momentum!
Come on, Sammy. You know pretty well that "Sony Is in the Best Financial Shape It's Ever Been In" isn't true. It's great news, but the title is misleading. Mom's spaghetti.
Sony, can you spare ten pence for a cup of tea?
@Cpt_Price think he was Welsh and his name was Howard Stringer.
Didn’t the Walkman do pretty well?
Sony released amazing movies this year: Spider-Man, Baby Driver and Trainspotting 2. I think that Blade Runner is a partnership with Warner and Sony too, not sure.
And of course PS4 is a huge success.
So, ALL of Sony's depts made bank this year? Or just Movies and PS4?
If all their depts did do well, then, WOW, that's very impressive! Somehow, I don't think that's fully true though...
Good for them! I was beginning to wonder if their games division alone was keeping their head above water as they weren't doing so well with their other departments - especially Sony Pictures and their 'electronics' (TV's, Bluray players, mobiles etc) were not doing so well either.
@readyletsgo Here's the breakdown of divisions for Q2. Only mobile lost money. Every other division is up year-over-year:
This is good news for everyone.
A console concept with the player in mind. Never had a "For the players" meant so much. Look at the exclusives one after the other. Sony has left competition and our pockets breathless. 😀
@get2sammyb well, that is incredibly impressive! Well done Sony!!!
@bbq_boy Oh god, he's a horrible person.
Heh, good for them.
Good, more fund for single player games
This is great but it is still mostly Playstation keeping the company on it's feet. Also, they shouldn't get too big a head about Spider-Man Homecoming. It is only after they made a deal for Marvel Studios to use the character that they are seeing money from a Spider-Man movie. Major props to Kaz though, he is doing a good job.
Nice to see Sony AND Nintendo doing well. Things seems so quite when it comes to the Xbox One these days. Don’t even see it getting major headlines these days.
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