Sony Posts Operating Profit Of $534 Million In Q3 2012, $115 Million Net Loss

Posted on Feb 7 2013 - 1:10pm by Editorial Staff
Sony

Sony

Sony has reported its consolidated financial results for the third quarter, ended December 31, 2012. The company posted an operating profit of 46.4 billion yen ($534 million) in its third quarter 2012, compared to a 97.1 billion yen loss from the same period it reported a year ago. The sales and operating revenues for the third quarter was 1,948 billion yen ($2.239 billion), up 6.9% from the same period a year ago with a net loss of 10.8 billion yen ($115 million).

Business Highlights:

  • Imaging Products & Solutions (IP&S): Sales decreased 4.7% year-on-year (a 9% decrease on a constant currency basis) to 180.5 billion yen ($2.075 billion) while Operating loss decreased 3.9 billion yen year-on-year to 2.9 billion yen ($33 million).
  • Game: Sales decreased 15.1% year-on-year (an 18% decrease on a constant currency basis) to 268.5 billion yen ($3.086 billion) while Operating income decreased 29.2 billion yen year-on-year to 4.6 billion yen ($53 million).
  • Mobile Products & Communications (MP&C): Sales increased 94.4% year-on-year (a 92% increase on a constant currency basis) to 318.8 billion yen ($3.665 billion) while Operating loss decreased 27.1 billion yen year-on-year to 21.3 billion yen ($245 million).
  • Home Entertainment & Sound (HE&S): Sales decreased 17.9% year-on-year (a 22% decrease on a constant currency basis) to 323.8 billion yen ($3.722 billion) while Operating loss decreased 81.8 billion yen year-on-year to 8.0 billion yen ($92 million).
  • Devices: Sales decreased 6.8% year-on-year (an 11% decrease on a constant currency basis) to 217.3 billion yen ($2.498 billion) while Operating income of 9.7 billion yen ($111 million).
  • Pictures: Sales increased 30.1% year-on-year (a 22% increase on a constant currency (U.S. dollar) basis) to 208.9 billion yen ($2.402 billion) while Operating income increased 24.6 billion yen year-on-year to 25.3 billion yen ($291 million).
  • Music: Sales increased 2.4% year-on-year (a 1% decrease on a constant currency basis) to 126.4 billion yen ($1.453 billion) while operating income increased 1.1 billion yen year-on-year to 16.4 billion yen ($188 million).
  • Financial services: Revenue increased 21.0% year-on-year to 266.4 billion yen ($3.062 billion) while operating income increased 1.6 billion yen year-on-year to 34.2 billion yen ($394 million).
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