Sony Corp (SNE) on Q2 2020 Results - Earnings Call Transcript

Oct. 31, 2019 1:04 AM ETSony Group Corporation (SONY)
SA Transcripts profile picture
SA Transcripts

Sony Corp (SNE) Q2 2020 Earnings Conference Call October 30, 2019 4:15 AM ET

Company Participants

Hiroki Totoki - Senior Executive VP, CFO, Representative Corporate Executive Officer & Director

Hirotoshi Korenaga - Member, Audit & Supervisory Board

Conference Call Participants

Masahiro Ono - Morgan Stanley

Yu Okazaki - Nomura Securities

Masaru Sugiyama - Goldman Sachs Group

Mika Nishimura - Crédit Suisse

Junya Ayada - JPMorgan Chase & Co.

Ryosuke Katsura - SMBC Nikko Securities

Yasuo Nakane - Mizuho Securities

Satoshi Sakae - Daiwa Securities

Unidentified Company Representative

Thank you for waiting. We shall start the Earnings Announcement of Sony Group for the Second Quarter of Fiscal 2019. I'd like to introduce our speakers today. We have Senior Executive Vice President, Chief Financial Officer, Hiroki Totoki; and Senior Vice President, Senior General Manager of Finance Department and Corporate Planning and Control Department, Naomi Matsuoka; Vice President, Senior General Manager, Global Accounting Division, Hirotoshi Korenaga.

Today Mr. Totoki will make the presentation first, and then we'll follow that with the question and answers. Mr. Totoki, you have the floor.

Hiroki Totoki

Today, I'd like to explain these 2 topics. FY '19 second quarter consolidated sales decreased 3% year-on-year to ¥2,122.3 billion primarily due to the impact of exchange rates. And operating income increased ¥39.4 billion year-on-year to ¥279 billion. Net income attributable to Sony Corporation stockholders increased ¥14.9 billion year-on-year to ¥187.9 billion.

Next is the consolidated results forecast for fiscal '19. Consolidated sales are expected to decrease ¥200 billion compared with the previous forecast to ¥8,400 billion, and operating income is expected to increase ¥30 billion to ¥840 billion. I will explain the breakdown of sales and operating income for each segment later.

Income before income taxes was upwardly revised to ¥800 billion, and the net income attributable to Sony Corporation stockholders up

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.