Business segment information

12 Months Ended

Mar. 31, 2025

4.	Business segment information

The reportable segments presented below are the segments of Sony for which separate financial information is available and for which operating income or loss amounts are evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The CODM does not evaluate segments using discrete asset information. Sony’s CODM is its Chairman and Chief Executive Officer.

The G&NS segment includes the production and sales of digital software and add-on content, the network services businesses and the manufacture and sales of home gaming products. The Music segment includes the Recorded Music, Music Publishing and Visual Media and Platform businesses. The Pictures segment includes the Motion Pictures, Television Productions and Media Networks businesses. The ET&S segment includes the Televisions business, the Audio and Video business, the Still and Video Cameras business, the smartphone business and the internet-related service business. The I&SS segment includes the image sensors business. The Financial Services segment primarily represents individual life insurance and

non-life

insurance businesses and the banking business in Japan. All Other consists of various operating activities, including the disc manufacturing and recording media businesses. Sony’s products and services are generally unique to a single operating segment.

Segment sales and financial services revenue:


	Yen in millions
	Fiscal year ended March 31
	2023			2024			2025
Sales and financial services revenue:
Game & Network Services -
Customers		3,538,533			4,172,994			4,543,571
Intersegment		106,065			94,740			126,473

Total		3,644,598			4,267,734			4,670,044
Music -
Customers		1,364,815			1,594,955			1,820,263
Intersegment		15,817			24,003			22,341

Total		1,380,632			1,618,958			1,842,604
Pictures -
Customers		1,364,887			1,486,717			1,498,534
Intersegment		4,535			6,333			7,410

Total		1,369,422			1,493,050			1,505,944
Entertainment, Technology & Services -
Customers		2,436,739			2,414,946			2,362,838
Intersegment		39,286			38,772			46,437

Total		2,476,025			2,453,718			2,409,275
Imaging & Sensing Solutions -
Customers		1,301,481			1,503,906			1,712,534
Intersegment		100,706			98,832			86,471

Total		1,402,187			1,602,738			1,799,005
Financial Services -
Customers		878,532			1,760,731			922,147
Intersegment		10,550			9,223			9,253

Total		889,082			1,769,954			931,400
All Other -
Customers		72,338			75,784			82,477
Intersegment		15,285			13,586			13,856

Total		87,623			89,370			96,333
Corporate and elimination		(275,196	)		(274,754	)		(297,541	)

Consolidated total		10,974,373			13,020,768			12,957,064

Note:

G&NS intersegment amounts primarily consist of transactions with the ET&S segment. ET&S intersegment amounts primarily consist of transactions with the G&NS segment. I&SS intersegment amounts primarily consist of transactions with the G&NS segment and the ET&S segment. Corporate and elimination includes certain brand and patent royalty income.

Segment profit (loss):


	Yen in millions
	Fiscal year ended March 31
	2023			2024			2025
Operating income (loss):
Game & Network Services		250,006			290,184			414,819
Music		263,107			301,662			357,255
Pictures		119,255			117,702			117,284
Entertainment, Technology & Services		179,461			187,399			190,926
Imaging & Sensing Solutions		212,214			193,541			261,147
Financial Services		318,118			173,576			130,528
All Other		16,849			1,600			(17,996	)

Total		1,359,010			1,265,664			1,453,963
Corporate and elimination		(56,621	)		(56,833	)		(46,800	)

Consolidated operating income		1,302,389			1,208,831			1,407,163
Financial income		31,058			125,597			139,024
Financial expenses		(58,951	)		(65,766	)		(72,461	)

Consolidated income before income taxes		1,274,496			1,268,662			1,473,726

Operating income (loss) is sales and financial services revenue less costs and expenses, and includes the share of profit (loss) of investments accounted for using the equity method.

Other

significant items:


	Yen in millions
	Fiscal year ended March 31
	2023			2024			2025
Share of profit (loss) of investments accounted for using the equity method:
Game & Network Services		144			922			823
Music		7,063			6,091			4,556
Pictures		515			(173	)		(620	)
Entertainment, Technology & Services		1,076			777			1,389
Imaging & Sensing Solutions		(1,128	)		(4,155	)		(1,340	)
Financial Services		-			(55	)		64
All Other		16,779			7,095			(12,673	)

Consolidated total		24,449			10,502			(7,801	)


	Yen in millions
	Fiscal year ended March 31
	2023		2024		2025
Depreciation and amortization:
Game & Network Services		87,201		123,065		141,470
Music		67,240		84,576		106,089
Pictures		506,697		541,106		491,713
Entertainment, Technology & Services		97,448		101,676		99,984
Imaging & Sensing Solutions		196,674		247,900		273,026
Financial Services		26,333		27,689		27,399
All Other		4,376		4,830		5,165

Total		985,969		1,130,842		1,144,846
Corporate		18,621		14,139		8,141

Consolidated total		1,004,590		1,144,981		1,152,987

Sales to customers by product category:

The following table is a breakdown of sales and financial services revenue to external customers by product category for each segment. Sony management views each segment as a single operating segment.


	Yen in millions
	Fiscal year ended March 31
	2023		2024		2025
Sales and financial services revenue:
Game & Network Services
Digital Software and Add-on Content		1,523,045		1,934,586		2,290,498
Network Services		464,676		545,537		669,873
Hardware and Others		1,550,812		1,692,871		1,583,200

Total		3,538,533		4,172,994		4,543,571
Music
Recorded Music – Streaming		598,868		709,453		788,772
Recorded Music – Others		286,270		356,646		407,260
Music Publishing		276,665		326,727		379,812
Visual Media and Platform		203,012		202,129		244,419

Total		1,364,815		1,594,955		1,820,263
Pictures
Motion Pictures		464,043		542,044		610,313
Television Productions		536,250		551,035		459,281
Media Networks		364,594		393,638		428,940

Total		1,364,887		1,486,717		1,498,534
Entertainment, Technology & Services
Televisions		733,251		624,264		564,154
Audio and Video		391,608		412,067		391,664
Still and Video Cameras		565,018		643,429		665,144
Mobile Communications		356,771		299,905		279,834
Other		390,091		435,281		462,042

Total		2,436,739		2,414,946		2,362,838
Imaging & Sensing Solutions		1,301,481		1,503,906		1,712,534
Financial Services		878,532		1,760,731		922,147
All Other		72,338		75,784		82,477
Corporate		17,048		10,735		14,700

Consolidated total		10,974,373		13,020,768		12,957,064

In the G&NS segment, Digital Software and

Add-on

Content includes distribution of software titles and

add-on

content through the network; Network Services includes network services relating to game, video and music content; Hardware and Others includes home gaming consoles, packaged software, game software sold bundled with home gaming consoles, peripheral devices and first-party software for third-party platforms. In the Music segment, Recorded Music — Streaming includes the distribution of digital recorded music by streaming; Recorded Music — Others includes the distribution of recorded music by physical media and digital download as well as revenue derived from artists’ live performances and merchandising; Music Publishing includes the management and licensing of the words and music of songs; Visual Media and Platform includes the production and distribution of animation titles and game applications, and various service offerings for music and visual products. In the Pictures segment, Motion Pictures includes the worldwide production, acquisition and distribution of live-action and animated motion pictures; Television Productions includes the production, acquisition and distribution of television programming; Media Networks includes the operation of television networks and DTC streaming services worldwide. In the ET&S segment, Televisions includes LCD and OLED televisions; Audio and Video includes

Blu-ray

disc players and recorders, home audio, headphones and memory-based portable audio devices; Still and Video Cameras includes interchangeable lens cameras, compact digital cameras, consumer video cameras and video cameras for broadcast; Mobile Communications includes smartphones and an internet-related service business; Other includes display products such as projectors and medical equipment.

Geographic

Information

Sales and financial services revenue attributed to countries and areas based on location of external customers for the fiscal years ended March 31, 2023, 2024 and 2025 and

non-current

assets (property, plant and equipment, ROU assets, goodwill, content assets and other intangible assets) as of March 31, 2024 and 2025 are as follows:


	Yen in millions
	Fiscal year ended March 31
	2023		2024		2025
Sales and financial services revenue:
Japan		2,126,508		3,027,526		2,244,356
United States		3,401,402		3,751,239		4,127,795
Europe		2,190,311		2,632,963		2,630,934
China		855,437		1,000,907		1,244,115
Asia-Pacific		1,563,414		1,659,776		1,640,582
Other Areas		837,301		948,357		1,069,282

Total		10,974,373		13,020,768		12,957,064


			Yen in millions
			March 31
			2024		2025
Non-current assets (property, plant and equipment, right-of-use assets, goodwill, content assets and other intangible assets):
Japan				2,036,616		2,090,652
United States				2,856,914		2,915,183
Europe				682,007		989,679
China				32,154		27,372
Asia-Pacific				222,398		233,895
Other Areas				226,761		207,545

Total				6,056,850		6,464,326

Major countries and areas in each geographic segment excluding Japan, United States and China are as follows:


(1) Europe:		United Kingdom, France, Germany, Spain and Italy
(2) Asia-Pacific:		India, South Korea, Oceania, Thailand and Malaysia
(3) Other Areas:		The Middle East/Africa, Brazil, Mexico and Canada

There are no individually material countries with respect to sales and financial services revenue or

non-current

assets (property, plant and equipment, ROU assets, goodwill, content assets and other intangible assets) included in Europe, Asia-Pacific and Other Areas.

Transfers between reportable business segments or geographic areas are made at individually negotiated prices that are intended to reflect a market-based transfer price.

There were no sales or financial services revenue with any single major external customer for the fiscal years ended March 31, 2023, 2024 and 2025.