v3.25.2
Financial risk management (Tables)
 12 Months Ended
Mar. 31, 2025
Statements [Line Items]  
Summary of Capital Risk Management Indicator Return on Equity
Sony uses Return on Equity (“ROE”) as an indicator for capital risk management.
 
    
March 31
  
    
 2024 
            
 2025 
  
ROE*
      13.7 %          14.5 % 
* ROE is calculated using equity attributable to Sony Group Corporation’s stockholders.
Summary of Maturity Analysis for Non-Derivative and Derivative Financial Liabilities
The following table summarizes Sony’s financial liabilities as of March 31, 2024 and 2025.
 
   
Yen in millions
  
   
March 31, 2024
  
   
Carrying

amount
          
Total
          
Within

1 year
          
1 year to

2 years
          
2 years to

3 years
          
3 years to

4 years
          
4 years to

5 years
          
5+ years
  
Deposits from customers in the banking business
*1
     3,845,607         3,870,349         3,687,051         22,043         11,422         2,728         3,069         144,036  
Bonds
     544,078         554,986         42,236         112,112         126,786         101,302         80,974         91,576  
Borrowings
     2,972,629         3,013,803         1,909,097         84,525         259,511         231,829         156,945         371,896  
Loan commitments
     -         50,965         50,965         -         -         -         -         -  
Derivative liabilities
*2
     29,287         29,557         23,465         1,179         1,178         1,145         953         1,637  
Guarantee deposits received
     44,864         44,864         31,479         135         9         24         10         13,207  
Redeemable noncontrolling interests
     54,028         54,389         -         14,794         25,740         99         5,292         8,464  
 
   
Yen in millions
  
   
March 31, 2024
  
   
Carrying

amount
        
Total
          
Within

1 year
          
1 year to

2 years
          
2 years to

3 years
          
3 years to

4 years
           
4 years to

5 years
  
Lease liabilities
  
571,726
    
 
671,899
 
    
 
106,505
 
    
 
96,090
 
    
 
85,917
 
    
 
68,624
 
     
 
57,850
 
 
 
 
      
 
 
      
 
 
      
 
 
      
 
 
       
 
 
  
 
5 years to

6 years
          
6 years to

7 years
          
7 years to

8 years
          
8 years to

9 years
          
9 years to

10 years
           
10+ years
  
      51,240         47,630         37,279         29,390         21,954          69,420  
 
*1
Demand deposits are included in the “Within 1 year” category.
 
*2
Breakdown of net settlements and gross settlements in the derivative liabilities are presented below.
 
 
    
Yen in millions
  
    
March 31, 2024
  
    
Total
           
Within

1 year
           
1 year to

2 years
           
2 years to

3 years
           
3 years to

4 years
           
4 years to

5 years
           
5+ years
  
Derivative contracts
                                                                                                                    
-Net settled
                                 
Paid
      28,220          22,128          1,179          1,178          1,145          953          1,637  
Derivative contracts
                                 
-Gross settled
                                 
Received
      49,187          49,187          -          -          -          -          -  
Paid
      50,524          50,524          -          -          -          -          -  
 
 
 
Yen in millions
 
 
 
March 31, 2025
 
 
 
Carrying

amount
 
 
 
 
 
Total
 
 
 
 
 
Within

1 year
 
 
 
 
 
1 year to

2 years
 
 
 
 
 
2 years to

3 years
 
 
 
 
 
3 years to

4 years
 
 
 
 
 
4 years to

5 years
 
 
 
 
 
5+ years
 
Deposits from customers in the banking business
*1
  
 
4,243,962
 
    
 
4,281,915
 
    
 
4,006,600
 
    
 
96,834
 
    
 
11,141
 
    
 
2,692
 
    
 
10,596
 
    
 
154,052
 
Bonds
  
 
664,390
 
    
 
688,245
 
    
 
114,299
 
    
 
128,972
 
    
 
103,488
 
    
 
93,160
 
    
 
162,927
 
    
 
85,399
 
Borrowings
  
 
2,934,386
 
    
 
2,971,250
 
    
 
1,934,886
 
    
 
264,847
 
    
 
233,755
 
    
 
157,629
 
    
 
21,521
 
    
 
358,612
 
Loan commitments
  
 
-
 
    
 
27,564
 
    
 
27,564
 
    
 
-
 
    
 
-
 
    
 
-
 
    
 
-
 
    
 
-
 
Derivative liabilities
*2
  
 
154,526
 
    
 
155,095
 
    
 
21,479
 
    
 
121,611
 
    
 
3,173
 
    
 
2,693
 
    
 
2,340
 
    
 
3,799
 
Guarantee deposits received
  
 
45,017
 
    
 
45,017
 
    
 
31,866
 
    
 
100
 
    
 
21
 
    
 
7
 
    
 
6
 
    
 
13,017
 
Redeemable noncontrolling interests
  
 
52,963
 
    
 
53,750
 
    
 
10,912
 
    
 
21,588
 
    
 
4,447
 
    
 
3,405
 
    
 
2,287
 
    
 
11,111
 
 
   
Yen in millions
  
   
March 31, 2025
  
   
Carrying

amount
        
Total
          
Within

1 year
          
1 year to

2 years
          
2 years to

3 years
          
3 years to

4 years
           
4 years to

5 years
  
Lease liabilities
  
599,470
    
 
712,098
 
    
 
115,608
 
    
 
107,197
 
    
 
94,233
 
    
 
75,125
 
     
 
67,715
 
 
 
 
      
 
 
      
 
 
      
 
 
      
 
 
       
 
 
  
 
5 years to

6 years
          
6 years to

7 years
          
7 years to

8 years
          
8 years to

9 years
          
9 years to

10 years
           
10+ years
  
      52,376         42,763         34,114         25,860         21,529          75,578  
 
*1
Demand deposits are included in the “Within 1 year” category.
 
*2
Breakdown of net settlements and gross settlements in the derivative liabilities are presented below.
 
    
Yen in millions
  
    
March 31, 2025
  
    
Total
           
Within

1 year
           
1 year to

2 years
           
2 years to

3 years
           
3 years to

4 years
           
4 years to

5 years
           
5+ years
  
Derivative contracts
                                                                                                                    
-Net settled
                                 
Paid
      155,095          21,479          121,611          3,173          2,693          2,340          3,799  
Derivative contracts
                                 
-Gross settled
                                 
Received
      -          -          -          -          -          -          -  
Paid
      -          -          -          -          -          -          -  
Summary of Foreign Exchange Risk Exposures
The net amount of Sony’s exposure to foreign exchange risk mainly includes the following. Foreign exchange risk exposures that are mitigated by the use of derivatives are excluded.
 
 
 
Yen in millions
 
 
 
March 31
 
 
 
  2024  
 
 
 
 
 
  2025  
 
U.S. dollar
     81,000         143,720  
Euro
     282         (2,903 ) 
 
*
Net exposures resulting in a liability are presented as negative and net exposures resulting in an asset are presented as positive.
Summary of Changes in Loss Allowances
(a)
Changes in the loss allowances
Trade and other receivables, and contract assets including
non-current
other receivables in the Pictures segment
 
 
 
Yen in millions
 
 
 
  Lifetime expected credit losses  
 
 
 
Fiscal year ended March 31
 
 
 
2024
 
 
 
 
 
2025
 
Balance at beginning of the fiscal year
     27,534         33,066  
 
 
 
      
 
 
  
Changes due to financial assets recognized at beginning of the fiscal year:
                                
- Financial assets that have been derecognized
     (2,018 )        (1,843 ) 
New financial assets originated or purchased
     9,464         9,408  
Write-offs
     (5,990 )        (11,936 ) 
Changes in models/risk parameters
     643         (1,400 ) 
Foreign exchange and other movements
     3,433         (448 ) 
 
 
 
      
 
 
  
Balance at end of the fiscal year
     33,066         26,847  
 
 
 
      
 
 
  
Debt Securities
 
   
Yen in millions
  
   
12-month
expected credit losses *
  
   
Fiscal year ended March 31
  
   
2024
          
2025
  
Balance at beginning of the fiscal year
     61         58  
 
 
 
      
 
 
  
Changes due to financial assets recognized at beginning of the fiscal year:
                                
- Financial assets that have been derecognized
     (10 )        (3 ) 
New financial assets originated or purchased
     8         9  
Changes in models/risk parameters
     (1 )        (3 ) 
Foreign exchange and other movements
     -         -  
 
 
 
      
 
 
  
Balance at end of the fiscal year
     58         61  
 
 
 
      
 
 
  
 
*
For all debt securities, Sony considers that the credit risk has not increased significantly since initial recognition, and therefore the loss allowance is measured at an amount equal to
12-months
of expected credit losses.
The loss allowances for debt securities are for debt securities measured at fair value through other comprehensive income as of March 31, 2024 and 2025.
 
 
Loans
 
 
 
Yen in millions
 
 
 
12-month expected

credit losses
 
 
 
 
 
Lifetime expected
credit losses
 
 
 
 
 
  Total  
 
Balance as of April 1, 2023
     313         824         1,137  
Changes due to financial assets recognized as of April 1, 2023:
          
- Transfer to lifetime expected credit losses
     (1 )        1         -  
- Transfer to
12-month
expected credit losses
     106         (106 )        -  
- Financial assets that have been derecognized
     (24 )        (227 )        (251 ) 
New financial assets originated or purchased
     45         823         869  
Changes in models/risk parameters
     (162 )        187         24  
Foreign exchange and other movements
     -         -         -  
 
 
 
      
 
 
      
 
 
  
Balance as of March 31, 2024
     277         1,502         1,779  
 
 
 
      
 
 
      
 
 
  
Changes due to financial assets recognized as of March 31, 2024:
          
- Transfer to lifetime expected credit losses
     (2 )        2         -  
- Transfer to
12-month
expected credit losses
     166         (166 )        -  
- Financial assets that have been derecognized
     (23 )        (156 )       (179 )
New financial assets originated or purchased
     32         16         48  
Changes in models/risk parameters
     (217 )        189         (28 ) 
Foreign exchange and other movements
     -         -         -  
 
 
 
      
 
 
      
 
 
  
Balance as of March 31, 2025
     233         1,387         1,620  
 
 
 
      
 
 
      
 
 
  
Summary of Credit Risk Exposure By Risk Rating Grades
(c)
Credit risk exposure by risk rating grades
Credit risk exposure by risk rating grades as of March 31, 2024 and 2025, is as follows:
Trade and other receivables, and contract assets including
non-current
other receivables in the Pictures segment
 
    
Yen in millions
  
    
March 31
  
    
2024
           
 2025 
  
Outstanding receivables by overview period of overdue (Gross carrying amount)
        
Not past due or due within 30 days
      2,224,058          1,972,150  
Due over 30 to 90 days
      47,942          46,897  
Due over 90 days
      75,740          56,512  
  
 
 
       
 
 
  
Total
       2,347,740          2,075,559  
  
 
 
       
 
 
  
 
    
Yen in millions
  
    
March 31
  
    
2024
           
 2025 
  
Debt securities by credit ratings (Gross carrying amount)
        
AAA
      659,016          895,392  
AA
      3,122,639          3,245,007  
A
      7,111,836          7,052,650  
BBB
      15,668          27,660  
Other
      3,004          45,849  
  
 
 
       
 
 
  
Total
      10,912,163          11,266,558  
  
 
 
       
 
 
  
Summary of Gross Carrying Amount For Loans At Amortized Cost Based On Credit Ratings
The following table shows an analysis of the gross carrying amount for loans measured at amortized cost based on credit ratings by debtors in the banking business in the Financial Services segment as of March 31, 2024 and 2025.
 
   
Yen in millions
  
   
March 31, 2024
  
   
Normal*
          
Other than Normal
          
Total
  
   
12-month

expected
credit

losses
          
Lifetime

expected
credit

losses
          
Sub total
          
12-month

expected
credit

losses
          
Lifetime

expected
credit

losses
          
Sub total
        
Loans
                                                                                         
Housing loans
     3,570,142         247         3,570,389         1,998         2,706         4,704         3,575,093  
Other
     15,755         378         16,133         5         96         101         16,234  
 
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
  
Total
     3,585,897         625         3,586,522         2,003         2,802         4,805         3,591,327  
 
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
  
   
Yen in millions
  
   
March 31, 2025
  
   
Normal*
          
Other than Normal
          
Total
  
   
12-month

expected
credit

losses
          
Lifetime

expected
credit

losses
          
Sub total
          
12-month

expected
credit

losses
          
Lifetime

expected
credit

losses
          
Sub total
        
Loans
                                                                                         
Housing loans
     3,758,168         525         3,758,693         2,393         2,661         5,054         3,763,747  
Other
     20,861         322         21,183         7         84         91         21,274  
 
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
  
Total
     3,779,029         847         3,779,876         2,400         2,745         5,145         3,785,021  
 
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
  
 
*
Normal is defined as borrowers who have strong results and no particular problems with their financial position.
Equity price risk [member]  
Statements [Line Items]  
Summary of Sensitivity Analysis
The table below shows the effects on income before income taxes and other comprehensive income (before considering the tax effects) as of March 31, 2024 and 2025 if market prices of marketable equity instruments (e.g., stocks) had decreased by 10%.
 
    
Yen in millions
  
    
March 31
  
    
 2024 
           
 2025 
  
Income before income taxes
      (24,621 )         (47,269 ) 
Other comprehensive income (before considering the tax effects)
      (6,116 )         (8,114 ) 
Currency risk [member]  
Statements [Line Items]  
Summary of Sensitivity Analysis
 
 
Yen in millions
 
 
 
March 31
 
 
 
  2024  
 
 
 
 
 
  2025  
 
U.S. dollar
     (8,100 )        (14,372 ) 
Euro
     (28 )        290