Sony Pictures Profits Slip to $124 Million in Second Quarter as Group Makes 75% Leap

variety.com:

Patrick Frater Asia Bureau Chief Sony Group Corporation reported little changed revenues of JPY2.91 trillion for the July to September period, representing the second quarter of its April to March financial year.

But group-level net income surged by 75% to JPY3.39 trillion. The ‘Pictures Division,’ which spans the feature film, TV channels and TV content production operations, reported revenues of $2.38 billion for the three months with operating income of $124 million and adjusted operating income of $218 million.

Each of those represented quarter-on-quarter increases, though sales and operating income were down on a year-on-year comparison.

In the second quarter of last year, pictures division profits were $204 million. The Games and Network Services division achieved sales and income gains.