Sony Group's (TYO:6758) net income attributable to owners of the parent rose nearly 21% to 943.9 billion yen in the nine months ended Dec. 31, 2024, from 781.6 billion yen a year ago on increased financial services, G&NS and music sales.
There were also foreign exchange gains and the absence of insurance finance expenses during the December quarter.
Earnings per share increased to 155.25 yen from 126.39 yen a year ago, according to a filing on Thursday.
Sales and financial services revenue grew 8.2% to 10.327 trillion yen from about 9.540 trillion yen a year earlier.
In a separate filing, Sony has revised its financial forecast for the fiscal year ending March 31 due to an expected decrease in tax expenses after the dissolution of a subsidiary and repayment of capital from the subsidiary.
It forecasted consolidated (including financial services) attributable net income to increase 11.3% to 1.08 trillion yen, and sales to rise 1.4% to 13.20 trillion yen.
The company expects to pay a year-end dividend of 10 yen per share, before accounting for its five-for-one stock split.
Sony shares gained nearly 8% in Friday's morning trade.
Price (JPY): $3683.00, Change: $+270, Percent Change: +8.01%
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