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Sony Pictures Profits Slip to $124 Million in Second Quarter as Group Makes 75% Leap
Sony's pictures division reported quarterly profits that slipped on an annual basis, but which were better than the first three months of the year.
Sony Group Corporation reported little changed revenues of JPY2.91 trillion for the July to September period, representing the second quarter of its April to March financial year. While there have been industry questions over the last decade about Sony’s position within, and commitment to, the entertainment business, the group itself is no longer in any doubt. It handily explained how the group is pivoting from delivering ‘kando’ (which loosely translates to English as ‘happiness’) through hardware such as TV sets and the Walkman music players, to creating it instead.
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