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Sony Q3 operating profit exceeds market expectations, sensor business operating profit reaches 75.2 billion yen

Sony announced operating profit for the third quarter of 300.13 billion yen (approximately 19.29 billion yuan), and the market estimates 271.65 billion yen.

Of which: Sales and operating income was 2,463.2 billion yen, an increase of 3% year-on-year; operating profit was 300.13 billion yen, a decrease of 20% year-on-year; adjusted operating profit was 276.5 billion yen, higher than 260.1 billion yen in the same period last year; Sony Group shareholders' net income was 229.5 billion yen, a decrease of 46% year-on-year.

The operating profit of Sony's main divisions are: imaging and sensing solutions, 75.2 billion yen, higher than the 46.5 billion yen in the same period last year; gaming and network services, 53.5 billion yen, lower than the 73.1 billion yen in the same period last year. ; Sony Music, 36.3 billion yen, lower than 147.1 billion yen in the same period last year; Sony Pictures, 5.4 billion yen, lower than 11.6 billion yen in the same period last year; electronics and solutions, 80.3 billion yen, high In the same period last year, 66.2 billion yen; financial services, 32.6 billion yen, lower than the 37.9 billion yen in the same period last year; other, 20.7 billion yen, higher than the 6.1 billion yen in the same period last year.

This time Sony also raised its forecast of full-year net profit, which is expected to reach 590 billion yen, previously forecasted to be 540 billion yen.

It is understood that Sony is the world's leading image sensor supplier. In the second quarter of fiscal 2019, Sony's smartphone image sensor business revenue accounted for 13% of total revenue in the fiscal quarter.

Earlier reports said that Sony is developing a silicon-based lidar (LiDAR) vision sensor for self-driving car applications in order to seize the lead in the next huge automotive electronics market. In addition, it is reported that by March 2021, Sony will invest more than $ 6.5 billion in the image sensor business.