But the segment benefited from TV sales deliveries, the acquisitions of Industrial Media and Bad Wolf, and higher revenue from anime streaming. In detailed supplementary information alongside the regulatory filing, Sony said that the pictures division had suffered decreased theatrical revenues, lower licensing volume (in comparison with a year when “Seinfeld” was relicensed), and lower volumes of new films moving to digital distribution. They are up 15% in 2023 and close to their 12-month high. Sony shares in Japan finished trading in Tokyo on Friday afternoon ahead of the financial statement at JPY12,830 apiece. The $894 profit figure also exceeds the division’s result in each of the previous years, with the exception of 2021-2022. But at studio level Sony Pictures seems an oasis of stability compared with some rival businesses and the profits decline compared with a year in which “ Spider-Man: No Way Home” delivered a windfall, was largely expected. Operating income for the division was reported as $894 million, compared with $1.94 billion.Īt the group’s previous results presentation in early February, Sony revealed a board room shuffle with Yoshida Kenichiro, retain his current roles as chairman and CEO and relinquishing the title of president to Totoki Hiroki. But profits fell more steeply, dropping by more than half in comparison with the 2021-2022 period.
The ‘pictures division,’ which spans feature film, television production and TV network operations, saw sales shading down from $11 billion to $10.14 billion. It announced a year-end dividend of JPY40, giving a JPY75 total for the year. The company calculated net earnings per share at JPY755 (or $5.59 apiece).
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