Q1 2016 – Sony Earnings Call Summary

Sony

Below are my key takeaways from the Sony Q1 2016 Earnings Call on July 29:

Summary:

Consolidated revenue dropped 11% YoY, operating income was down 42% and net income was off 74%.  The reasons for the bad results were the Kumamoto Earthquake in April, a decrease in demand for image sensors for mobile, a reduction in mid-range smartphone unit sales and negative effects of currency exchange

On the positive side, Uncharted 4 helped Game & Network Services segment rise by 14% and Angry Birds contributed to the Pictures Segment 7% gain with their $347MM global take.

Financial Metrics (In millions) Q1 2016 % Diff YoY
Total Revenue  $15,662 -10.8%
Operating Income  $546 -42.0%
Net Income  $205 -74.3%
EPS  $0.16 -76.2%

 

Revenue by Segment (In millions) Q1 2016 % Diff YoY
Game & Network Services  $3,208 14.5%
Home Entertainment & Sound  $2,290 -6.8%
Financial Services  $2,259 -16.7%
Mobile  $1,805 -33.7%
Pictures  $1,780 6.9%
Semiconductors  $1,402 -22.9%
Music  $1,374 8.7%
Imaging Products & Solutions  $1,187 -25.8%
Components  $429 -22.7%

 

Unit Sales (In millions) Q1 2015 Q1 2016 % Diff YoY
Smartphones  7.2  3.1 -56.9%
PlayStation 4 Hardware  3.0  3.5 16.7%
LCD TVs  2.6  2.7 3.8%
Digital Cameras  1.7  0.8 -52.9%

 

Unit Sales (In millions) FY 2014 FY 2015 FY 2016 Proj
Smartphones  39.1  24.9 19.0
PlayStation 4 Hardware  14.8  17.7 20.0
LCD TVs  14.6  12.2 12.0
Digital Cameras  8.5  6.1 3.4

 

List of Key Properties:

 

Forward Thinking:

Movies coming out in Q3: Ghostbusters, Sausage Party, The Magnificent Seven

 

Links to Company Website:

Please comment below if there are data points from Sony you’d like me to include in their next Earnings Call Summary.

3 thoughts on “Q1 2016 – Sony Earnings Call Summary”

    1. I tend to focus on their video products (e.g. Vue, Playstation Store), but let me know if there is something in particular you want to know about them or another company.

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