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Sony Pictures Profits Slip by 10%, Despite Marginal Sales Gain
Sony Pictures saw its profits for the year shade down by 10% in the latest financial year.
Sony Group Corporation saw its sales climb by 19% to JPY13.0 trillion in its financial year to March 2024, boosted by a sharp depreciation of the Japanese currency. It was a similar scenario at Sony’s ‘pictures division,’ which comprises theatrical film, TV networks and television content production. The shares, traded in ADR form in New York, closed Monday at $76.15, some 20% off their 12-month high.
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