Sony Group Corp reported a significant increase in interim profit and a substantial boost to its dividend on Friday.
Sony ups dividend as profit jumps in half-year
The Tokyo-based technology giant announced that net profit for the six months ending September 30 surged 37% to ¥575.65 billion (approximately $3.77 billion), up from ¥419.10 billion in the same period last year. Net profit attributable to shareholders also climbed 37% to ¥570.13 billion from ¥417.65 billion.
Sales and financial services revenue grew by 2.2%, reaching ¥5.917 trillion compared to ¥5.792 trillion a year earlier.
Sony raised its half-year dividend to ¥50.00 per share, marking a 25% increase from ¥40.00 last year.
New outlook
Looking ahead, Sony forecasts a 31% jump in net profit for the full fiscal year ending March 31, to ¥671.40 billion. Net profit attributable to shareholders is expected to rise 20% to ¥501.91 billion. The company also anticipates sales and financial services revenue to grow by 11%, reaching ¥5.540 trillion.
Additionally, Sony plans to announce a year-end dividend of ¥10.00 per share. Given the recent five-for-one stock split effective in October, this equates to a pre-split value of ¥50.00, an 11% increase from the final dividend of ¥45.00 paid for fiscal 2024.
