Sony Released FY2022 Consolidated Financial Results

Sony released their latest FY2022 consolidated financial results. Here is the information related to their camera business:

  • FY22 sales were 2 trillion 476.0 billion yen, mainly due to the impact of foreign exchange rates, despite a decrease in TV sales.
  • Operating income was 179.5 billion yen primarily due to the impact of decreased television sales.
  • For FY23, we expect sales to be 2 trillion 380 billion yen, operating income to be 180 billion yen, and adjusted OIBDA to be 280 billion yen.
  • In FY22, despite the severe business environment, we were able to achieve profit almost in line with the initial plan for the entire segment by strengthening operations and thoroughly controlling costs.
  • As for end-of-fiscal-year inventory, we were able to further narrow down our January plan mainly in televisions, and we were able to finish at a level almost on par with the end of FY21, excluding the impact of exchange rates.
  • In FY23, we anticipate risks such as a more-severe economic slowdown, so we have lowered our sales forecast year-on-year.
    As for operating income, we expect to maintain the level of the previous fiscal year by reducing fixed costs in televisions and
    smartphones, which are experiencing a particularly severe business environment.
  • Demand continues to be trending well for digital cameras, and, primarily through the introduction of competitive products, we plan to maximize profit opportunities.

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