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Sony financial report: Great camera sales!


Sony published the latest financial report. The camera business falls within the Enterntainment/Technology/Services segment. And about that Sony writes:

Results for the fiscal year ended March 31, 2023 Sales increased 136.8 billion yen (6%) year-on-year to 2 trillion 476.0 billion yen (a 4% decrease on a constant currency basis). This increase in sales was primarily due to the impact of foreign exchange rates as well as an increase in sales of digital cameras resulting from higher unit sales, partially offset by a decrease in sales of televisions resulting from lower unit sales. Operating income decreased 33.5 billion yen year-on-year to 179.5 billion yen. This decrease in operating income was mainly due to the impact of the above-mentioned decrease in sales of televisions, partially offset by the impact of the above-mentioned increase in sales of digital cameras. During the current fiscal year, there was a 9.4 billion yen positive impact from foreign exchange rate fluctuations.

So the camera business is doing extremely well. Interestingly enough my sources a couple of days ago told me Sony would push on the camera business to offset declining TV sales. This report seems to indicate he was right!

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