Sony PlayStation Controllers are displayed in the Best Buy store on December 17, 2024 in San Rafael, California.
Justin Sullivan Getty images
Shares in Sony Group increased by up to 10.7% on Friday after The company has raised a forecast of revenues and profits for the current budget year ending in March.
The Japanese conglomerate of technology and entertainment announced on Thursday that it raises its perspectives of annual operational profit to 1.34 trillion yen ($ 876 billion), which is an increase of 2% compared to the previous budget year.
He also expects that year -round sales will reach 13.2 trillion yen, 4% higher than the November forecast, due to stronger results in the game and music industry in the third quarter.
In December, the company's operating income was 469.3 billion yen, which is an increase of 1% compared to the year earlier.
Sony – which gained importance in the 1980s due to the products of consumer electronics, such as Walkman – expanded its offer with films, music and game consoles, such as popular PlayStation.
Operational profit in the gaming industry increased by 37% in the third fiscal quarter, powered by higher sales of network services, third -party hardware.
The company sold 9.5 million PlayStation 5 consoles in December, compared to 8.2 million in the same period a year ago. This ensures complete sales of PS5 to 74.9 million pieces, based on Sony results in the last quarter and previous years.
During the check -in on Thursday, the president and general director of Sony Hiroki Totoki noticed that the number of monthly users on PS platforms in December increased by 5% year on year to achieve 129 million accounts “The highest number in the history of PS. “
“The total game time also increased by 2% year-on-year, which means the seventh quarter of the year to year,” he added.
Sony Group actions
Damian Thong, head of Japan Equity Research and senior research analyst, technology sector, in Macquarie Capital, said that the company looked “rather cheap in the last few months (with) some peer groups with strong running”, calling Nintendo as an example.
He believes that Sony shares have “certain ways” to be promoted.
Going further, Thong is particularly optimistic about the perspective of the Sony game unit.
“They have a good list on the side of the first page and significant premieres on the outside, and with the reduction of the costs they made last year, I am sure that they will see a strong increase in games in the next tax year,” on Friday said CNBC Street Signs Asia.
– Ryan Browne from CNBC contributed to this report.