Sony Group reported a net profit of ¥1.03 trillion ($6.57bn) for fiscal 2025, down 3.4% year on year, partly due to scaling back its EV joint venture with Honda. Core businesses in entertainment and image sensors helped cushion the blow.

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Sony Group Corp. announced its fiscal 2025 earnings on May 2, 2026 (year ended March 2026), posting a net profit of ¥1.03 trillion ($6.57bn), a 3.4% decline from the previous fiscal year.

According to Kyodo News, the drop was largely driven by the decision to shrink the scale of its electric vehicle joint venture with Honda Motor Co. The move negatively impacted revenue and earnings in Sony's mobility segment.

Despite the decline, the Japanese electronics giant’s financial results are considered stable amid global economic volatility. In fiscal 2024, Sony had recorded a net profit of ¥1.07 trillion.

Core businesses such as entertainment (music, films, games) and image sensors remained pillars, partly offsetting the impact from the auto joint venture restructuring.

Sony’s management plans to further adjust its EV strategy, focusing on core products and cost optimization to sustain long-term growth.

Source

english.kyodonews.net