Business segment information

12 Months Ended

Mar. 31, 2026

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 President 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 Imaging business, the Sound business, the Network Services business and the Displays business. The I&SS segment includes the image sensors business. 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.

In connection with the Resolution for the plan regarding the execution of the Partial

Spin-off

of the Financial Services business, the Financial Services business was classified as a discontinued operation and has been excluded from the reporting segments. Consequently, the figures for comparative periods have been

re-presented

into continuing operations and discontinued operations. For further information on discontinued operations, refer to Note 33.

Segment sales:


	Yen in millions
	Fiscal year ended March 31
	2024			2025			2026
Sales:
Game & Network Services -
Customers		4,172,994			4,543,571			4,570,053
Intersegment		94,740			126,473			115,598

Total		4,267,734			4,670,044			4,685,651
Music -
Customers		1,594,955			1,820,263			2,090,534
Intersegment		24,003			22,341			29,576

Total		1,618,958			1,842,604			2,120,110
Pictures -
Customers		1,486,717			1,498,534			1,486,296
Intersegment		6,333			7,410			12,994

Total		1,493,050			1,505,944			1,499,290
Entertainment, Technology & Services -
Customers		2,414,946			2,362,838			2,184,815
Intersegment		38,772			46,437			75,717

Total		2,453,718			2,409,275			2,260,532
Imaging & Sensing Solutions -
Customers		1,503,906			1,712,534			2,059,020
Intersegment		98,832			86,471			92,513

Total		1,602,738			1,799,005			2,151,533
All Other -
Customers		75,784			82,477			74,564
Intersegment		13,586			13,856			14,508

Total		89,370			96,333			89,072
Corporate and elimination		(265,531	)		(288,288	)		(326,568	)

Consolidated total		11,260,037			12,034,917			12,479,620

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.

Intersegment amounts in each segment, as well as Corporate and elimination, include transaction amounts with discontinued operations.

Segment profit (loss):


	Yen in millions
	Fiscal year ended March 31
	2024			2025			2026
Operating income (loss):
Game & Network Services		290,184			414,819			463,258
Music		301,662			357,255			446,986
Pictures		117,702			117,284			104,872
Entertainment, Technology & Services		187,399			190,926			158,584
Imaging & Sensing Solutions		193,541			261,147			357,318
All Other		1,600			(17,996	)		(74,646	)

Total		1,092,088			1,323,435			1,456,372
Corporate and elimination		(56,833	)		(46,800	)		(8,865	)

Consolidated operating income		1,035,255			1,276,635			1,447,507
Financial income		125,597			139,024			76,041
Financial expenses		(65,766	)		(72,461	)		(101,174	)

Consolidated income before income taxes		1,095,086			1,343,198			1,422,374

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

Operating income (loss) in each segment, as well as Corporate and elimination, include transaction amounts with discontinued operations. Consolidated operating income and the items below Consolidated operating income do not include income and loss from discontinued operations.

Other significant items:


	Yen in millions
	Fiscal year ended March 31
	2024			2025			2026
Share of profit (loss) of investments accounted for using the equity method:
Game & Network Services		922			823			871
Music		8,550			10,264			12,165
Pictures		(235	)		(667	)		(180	)
Entertainment, Technology & Services		777			1,389			1,310
Imaging & Sensing Solutions		(4,023	)		(1,318	)		(81	)
All Other		7,096			(12,673	)		(69,583	)

Total		13,087			(2,182	)		(55,498	)
Elimination		(2,530	)		(5,683	)		(8,696	)

Consolidated total		10,557			(7,865	)		(64,194	)

Note:

Due to an increase in the materiality of Sony’s intersegment transactions, “Elimination” is presented separately beginning from the fiscal year ended March 31, 2026. As a result of this change, results for the fiscal years ended March 31, 2024 and 2025 in the table above have also been reclassified to conform to the current presentation.


	Yen in millions
	Fiscal year ended March 31
	2024		2025		2026
Depreciation and amortization:
Game & Network Services		123,065		141,470		147,476
Music		84,576		106,089		130,903
Pictures		541,106		491,713		517,823
Entertainment, Technology & Services		101,676		99,984		103,077
Imaging & Sensing Solutions		247,900		273,026		265,138
All Other		4,830		5,165		3,946

Total		1,103,153		1,117,447		1,168,363
Corporate and elimination		14,139		8,141		12,292

Consolidated total		1,117,292		1,125,588		1,180,655

Sales to customers by product category:

The following table is a breakdown of sales 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
	2024		2025		2026
Sales:
Game & Network Services
Digital Software and Add-on Content		1,934,586		2,290,498		2,415,305
Network Services		545,537		669,873		763,126
Hardware and Others		1,692,871		1,583,200		1,391,622

Total		4,172,994		4,543,571		4,570,053
Music
Recorded Music – Streaming		709,453		788,772		852,672
Recorded Music – Others		356,646		407,260		492,656
Music Publishing		326,727		379,812		419,864
Visual Media and Platform		202,129		244,419		325,342

Total		1,594,955		1,820,263		2,090,534
Pictures
Motion Pictures		542,044		610,313		495,655
Television Productions		551,035		459,281		512,372
Media Networks		393,638		428,940		478,269

Total		1,486,717		1,498,534		1,486,296
Entertainment, Technology & Services
Imaging		714,492		737,639		722,465
Sound		295,592		290,538		278,846
Network Services		179,200		179,704		188,308
Displays		662,179		597,777		476,305
Other		563,483		557,180		518,891

Total		2,414,946		2,362,838		2,184,815
Imaging & Sensing Solutions		1,503,906		1,712,534		2,059,020
All Other		75,784		82,477		74,564
Corporate and elimination		10,735		14,700		14,338

Consolidated total		11,260,037		12,034,917		12,479,620

Note: Sony has realigned its product categories in the ET&S segment due to changes in business categories from the fiscal year ended March 31, 2026. In accordance with this realignment, results for the fiscal years ended March 31, 2024 and 2025 in the table above have been reclassified to conform to the current presentation.

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, Imaging includes image and video content creation products and solutions including interchangeable lens cameras and interchangeable lenses; Sound includes headphones and wireless speakers; Network Service includes internet-related services; Displays includes display products such as LCD and OLED televisions as well as projectors; Other includes smartphones, home audio products and medical equipment, as well as sports officiating support and content production support services.

Geographic Information:

Sales attributed to countries and areas based on location of external customers for the fiscal years ended March 31, 2024, 2025 and 2026 and

non-current

assets (property, plant and equipment, ROU assets, goodwill, content assets and other intangible assets) as of March 31, 2025 and 2026 are as follows:


	Yen in millions
	Fiscal year ended March 31
	2024		2025		2026
Sales:
Japan		1,266,795		1,322,209		1,333,202
United States		3,751,239		4,127,795		4,064,440
Europe		2,632,963		2,630,934		2,826,805
China		1,000,907		1,244,115		1,428,677
Asia-Pacific		1,659,776		1,640,582		1,694,889
Other Areas		948,357		1,069,282		1,131,607

Total		11,260,037		12,034,917		12,479,620


			Yen in millions
			March 31
			2025		2026
Non-current assets (property, plant and equipment, ROU assets, goodwill, content assets and other intangible assets):
Japan				2,090,652		1,919,158
United States				2,915,183		3,328,940
Europe				989,679		1,119,027
China				27,372		29,899
Asia-Pacific				233,895		243,264
Other Areas				207,545		229,961

Total				6,464,326		6,870,249

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 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 with any single major external customer for the fiscal years ended March 31, 2024, 2025 and 2026.