Updated
Updated · Bloomberg · May 8
Sony launches ¥500 billion share buyback
Updated
Updated · Bloomberg · May 8

Sony launches ¥500 billion share buyback

13 articles · Updated · Bloomberg · May 8
  • The Tokyo-based group also forecast operating profit of ¥1.6 trillion for the year to March 2027, roughly 11% higher and broadly in line with expectations.
  • Sony said profitability improved in the fiscal year just ended, helped most by its music business and smartphone image-sensor operations.
  • The buyback announcement came as memory prices weighed on hardware, underscoring stronger performance in Sony's entertainment and component businesses.
Can multi-billion dollar music deals save Sony as its PlayStation and sensor strongholds face unprecedented crises?
With PS5 prices rising, can Sony's $3.2B buyback distract from the looming threat to its iPhone sensor business?