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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

 

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of February 2026

Commission File Number: 001-06439

 

SONY GROUP CORPORATION

(Translation of registrant’s name into English)

 

1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN

(Address of principal executive offices)

 

The registrant files annual reports under cover of Form 20-F.

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F,

 

Form 20-F x  Form 40-F ¨

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

SONY GROUP CORPORATION

(Registrant)

     
  By: /s/ Lin Tao
      (Signature)
  Lin Tao
  Chief Financial Officer

 

Date: February 05, 2026

 

List of Materials

 

Documents attached hereto:

 

Consolidated Financial Summary for the Third Quarter Ended December 31, 2025

 

 

 

 

Consolidated Financial Summary for the Third Quarter Ended December 31, 2025

 

(In accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”))

 

February 5, 2026
Company name : Sony Group Corporation
Stock exchange listing : Tokyo Stock Exchange (“TSE”)
Securities code : 6758
URL : https://www.sony.com/en/SonyInfo/IR/
Representative : Hiroki Totoki, Representative Corporate Executive Officer
Contact person

: Teruya Kondo, General Manager,

Investor Relations Section, Investor Relations Department

Telephone : +81-3-6748-2111
Scheduled date to commence dividend payment : -
Preparation of supplementary materials on financial results : Yes
Holding of financial results briefing : Yes (for investors and analysts)

 

(Amounts are rounded to the nearest million yen, unless otherwise noted.)

 

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

 

(1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

 

Continuing operations*1  Sales   Operating income   Income before income taxes   Net income   Net income attributable to
Sony Group Corporation’s
stockholders
 
Nine months ended  Yen in millions   %   Yen in millions   %   Yen in millions   %   Yen in millions   %   Yen in millions   % 
December 31, 2025   9,443,203    2.3    1,283,970    21.0    1,298,571    16.0    961,681    13.1    947,776    12.4 
December 31, 2024   9,229,979    -    1,061,431    -    1,119,084    -    850,341    -    842,989    - 

 

Continuing operations*1  Total comprehensive income  

Basic earnings

per share*2

  

Diluted earnings

per share*2

 
Nine months ended  Yen in millions   %   Yen   Yen 
December 31, 2025   1,295,464    39.7    158.27    157.23 
December 31, 2024   927,072    -    139.17    138.66 

 

*1 Effective October 1, 2025, Sony Group Corporation executed a partial spin-off of Sony Financial Group Inc. (“SFGI”), a formerly wholly-owned subsidiary which operates the Financial Services business (the “Spin-off”). As a result of the resolution of Sony Group Corporation’s Board of Directors on May 14, 2025 on a plan for the execution of the Spin-off, the Financial Services business has been classified as a discontinued operation and presented separately from continuing operations, comprised of Sony’s businesses excluding the Financial Services business, from the three months ended June 30, 2025, in accordance with IFRS Accounting Standards. Therefore, the above operating results represent the results for continuing operations. The results for the nine months ended December 31, 2024, the comparative period, have been re-presented to conform to the current presentation. On a consolidated basis including the discontinued operation, net loss, net loss attributable to Sony Group Corporation’s stockholders and total comprehensive income for the nine months ended December 31, 2025 were 395,830 million yen, 409,735 million yen and 1,346,717 million yen, respectively. On a consolidated basis including the discontinued operation, basic loss per share and diluted loss per share for the nine months ended December 31, 2025 were 68.42 yen and 67.97 yen, respectively. In connection with the execution of the Spin-off, a loss of 1,377,795 million yen has been recorded within net income (loss) from discontinued operations as a result of the reclassification of the Financial Services business’s accumulated other comprehensive income balance at the time of deconsolidation to net income or loss  from discontinued operations (the “reclassification of the accumulated other comprehensive income”). This accounting treatment is a reclassification between items within equity in the consolidated statements of financial position and does not affect total equity or cash flows, or profit or loss for continuing operations. Additionally, it does not affect Sony Group Corporation’s standalone financial statements based on Japanese generally accepted accounting principles (“J-GAAP”), nor the amount available for dividends. For details of discontinued operations, please refer to “Notes to Condensed Quarterly Consolidated Financial Statements - Accounting Policy and Other Information (Discontinued Operations)” on page 19 of the Appendix.

 

*2 Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above figures for basic earnings per share and diluted earnings per share are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.

 

 

 

 

(2) Consolidated financial position

 

   Total assets   Total equity   Equity attributable to Sony Group
Corporation’s stockholders
   Ratio of equity attributable to
Sony Group Corporation’s
stockholders to total assets
 
As of  Yen in millions   Yen in millions   Yen in millions   % 
December 31, 2025   15,884,971    8,519,095    8,163,101    51.4 
March 31, 2025   35,293,173    8,510,151    8,179,745    23.2 

 

2. Dividends

 

   Annual dividends per share 
   First quarter-end   Second quarter-end   Third quarter-end   Year-end   Total 
   Yen   Yen   Yen   Yen   Yen 

Fiscal year ended

March 31, 2025*

   -    50.00    -    10.00    - 
Fiscal year ending
March 31, 2026
   -    12.50    -           
Fiscal year ending
March 31, 2026 (Forecast)
                  12.50    25.00 

 

Notes:

 

1 Revisions to the forecast of dividends most recently announced: No

 

2 Upon the execution of the above-mentioned Spin-off, Sony Group Corporation distributed dividends in kind to shareholders appearing in its register of shareholders as of the record date, September 30, 2025, at the rate of one share of common stock of SFGI (“SFGI share(s)”) to one share of common stock of Sony Group Corporation held by each shareholder. However, the above dividend forecast for the fiscal year ending March 31, 2026 does not include such dividends in kind. For details of dividends in kind, please refer to “(Reference) Overview of dividends in kind (non-cash dividends)” below.

 

* Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above year-end dividend per share for the fiscal year ended March 31, 2025 is based on a number of shares taking into account the stock split. The total annual dividend per share for the fiscal year ended March 31, 2025 is not presented because the total of the interim dividend and the year-end dividend cannot be calculated due to the effect of the stock split. For the fiscal year ended March 31, 2025, taking the stock split into account, the interim dividend per share at the end of the second quarter would be 10 yen and the total annual dividend per share would be 20 yen.

 

3. Forecast for Consolidated Results for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

 

(Percentages indicate year-on-year changes.)

 

  Sales   Operating income  Income before income taxes  Net income attributable to Sony
Group Corporation’s stockholders
Fiscal year ending March 31, 2026  Yen in millions   %   Yen in millions  %   Yen in millions  %   Yen in millions  % 
Continuing operations   12,300,000    2.2   1,540,000   20.6   1,550,000   15.4   1,130,000   5.9 

 

Notes:

 

1 Revisions to the forecast for the fiscal year ending March 31, 2026 most recently announced: Yes

 

2 The estimated impact from the series of changes in U.S. tariff policy at this time is reflected in the above forecast. The estimated impact is calculated based on the tariff rates announced as of January 31, 2026. The actual impact could vary significantly from this estimation if future tariff policy or other factors are changed.

 

3 The acquisition of additional equity interest in Peanuts Holdings LLC (“Peanuts”), disclosed in the announcement entitled “Sony Music Entertainment (Japan) and Sony Pictures Entertainment Announce the Signing of a Definitive Agreement for the Acquisition of Additional Equity Interest in Peanuts Holdings LLC” on December 19, 2025, is expected to be completed within the fiscal year ending March 31, 2026, subject to certain closing conditions, including regulatory approvals. Upon the completion of this transaction, a remeasurement gain based on the fair value of Sony Music Entertainment (Japan) Inc.’s existing equity interest in Peanuts is expected to be recorded as operating income. The current estimated amount of such remeasurement gain, approximately 45 billion yen, is reflected in the above forecast.

 

4 The above results forecast represents the forecast for continuing operations. A total loss of 1 trillion 360 billion yen, including the loss as a result of the above-mentioned reclassification of the accumulated other comprehensive income, is expected to be recorded within net income or loss from discontinued operations in the fiscal year ending March 31, 2026, and the forecast for net income or loss attributable to Sony Group Corporation’s stockholders on a consolidated basis including the discontinued operation for the fiscal year ending March 31, 2026 is a loss of 230 billion yen. Please refer to “Notes to Condensed Quarterly Consolidated Financial Statements - Accounting Policy and Other Information (Discontinued Operations)” on page 19 of the Appendix for the details of the accounting treatments in connection with the Spin-off.

 

 

 

 

* Notes

 

(1) Significant changes in scope of consolidation during the period : Yes

Newly included: -

Newly excluded: 68 companies (Sony Financial Group Inc. and 67 other companies (including structured entities)) 

Notes:

Please refer to “Notes to Condensed Quarterly Consolidated Financial Statements - Accounting Policy and Other Information (Significant changes in the scope of consolidation during the period)” on page 18 of the Appendix for the details.

 

(2) Changes in accounting policies and changes in accounting estimates:

(i) Changes in accounting policies required by IFRS Accounting Standards: No
(ii) Changes in accounting policies due to other reasons : No
(iii) Changes in accounting estimates : No

 

(3) Number of issued shares (common stock):

(i) Total number of issued shares at the end of the period (including treasury stock)

As of December 31, 2025 6,149,810,645 shares
As of March 31, 2025 6,149,810,645 shares

 

(ii) Number of shares of treasury stock at the end of the period

As of December 31, 2025 181,736,500 shares
As of March 31, 2025 124,806,850 shares

 

(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2025 5,988,371,823 shares
Nine months ended December 31, 2024 6,057,239,707 shares

 

Notes:

 

1 Please refer to “Notes to Condensed Quarterly Consolidated Financial Statements - Accounting Policy and Other Information (Net Income (Loss) Attributable to Sony Group Corporation’s Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation of Earnings Per Share (EPS”) of Common Stock)” on page 17 of the Appendix for number of shares used as basis for calculating consolidated per share data.

 

2 Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above figures for the number of issued shares (common stock) are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.

 

* Review of the attached condensed quarterly consolidated financial statements by certified public accountants or an audit firm: No

 

* Proper use of earnings forecasts, and other special matters:

 

Please refer to “Cautionary Statement” on page 21 of the Appendix for assumptions and other matters related to the forecast of financial results.

 

Supplementary materials on financial results including the presentation material for the earnings announcement are available on Sony Group Corporation’s website along with this document.

 

(Reference) Overview of dividends in kind (non-cash dividends)

(1) Record date Tuesday, September 30, 2025
(2) Type of dividend property SFGI shares
(3) Total carrying amount of dividend property and value per share 463,885,829,967 yen (77.61 yen per share)
(4) Total fair value of dividend property and value per share - *
(5) Effective date Wednesday, October 1, 2025

* In Sony Group Corporation’s standalone financial statements based on J-GAAP, the Spin-off has been accounted for at the appropriate carrying amount of the dividend property as of the effective date of the dividends in kind. The same applies to the calculation of Sony Group Corporation’s amount available for dividends. Accordingly, the fair value of SFGI shares, which are the dividend property, has not been disclosed.

 

 

 

 

(Appendix)

 

Table of Contents for Appendix

 

Condensed Quarterly Consolidated Financial Statements (Unaudited) 2
   
Condensed Quarterly Consolidated Statements of Financial Position 2
Condensed Quarterly Consolidated Statements of Income (Three months ended December 31) 4
Condensed Quarterly Consolidated Statements of Comprehensive Income (Three months ended December 31) 5
Condensed Quarterly Consolidated Statements of Income (Nine months ended December 31) 6
Condensed Quarterly Consolidated Statements of Comprehensive Income (Nine months ended December 31) 7
Condensed Quarterly Consolidated Statements of Changes in Stockholders’ Equity (Nine months ended December 31) 8
Condensed Quarterly Consolidated Statements of Cash Flows (Nine months ended December 31) 9
Notes to Condensed Quarterly Consolidated Financial Statements 11
-      Business Segment Information 11
-      Going Concern Assumption 17
-      Accounting Policy and Other Information 17
-      Subsequent Event 20
   
Overview of Operating Results 21
   
Cautionary Statement 21

 

All financial information is presented on the basis of IFRS Accounting Standards.

 

Sony Group Corporation and its consolidated subsidiaries are together referred to as “Sony” or “Sony Group.”

 

- 1 -

 

 

(Unaudited)

Condensed Quarterly Consolidated Financial Statements

Condensed Quarterly Consolidated Statements of Financial Position

 

   Yen in millions 
  

March 31,

2025

  

December 31,

2025

  

Change from

March 31, 2025

 
ASSETS               
Current assets:               
Cash and cash equivalents   2,980,956    2,086,500    (894,456)
Investments and advances in the Financial Services segment   453,677    -    (453,677)
Trade and other receivables, and contract assets   1,943,184    2,213,801    270,617 
Inventories   1,310,770    1,263,689    (47,081)
Other financial assets   145,192    28,765    (116,427)
Other current assets   621,209    694,092    72,883 
Total current assets   7,454,988    6,286,847    (1,168,141)
Non-current assets:               
Investments accounted for using the equity method   347,718    559,083    211,365 
Investments and advances in the Financial Services segment   18,736,298    -    (18,736,298)
Property, plant and equipment   1,513,660    1,480,530    (33,130)
Right-of-use assets   521,685    534,605    12,920 
Goodwill   1,508,721    1,601,679    92,958 
Content assets   2,249,048    2,566,295    317,247 
Other intangible assets   671,212    577,574    (93,638)
Deferred tax assets   559,284    494,404    (64,880)
Other financial assets   1,164,630    1,240,481    75,851 
Other non-current assets   565,929    543,473    (22,456)
Total non-current assets   27,838,185    9,598,124    (18,240,061)
Total assets   35,293,173    15,884,971    (19,408,202)

(Continued on the following page.)

 

- 2 -

 

 

Condensed Quarterly Consolidated Statements of Financial Position (Continued)

 

   Yen in millions 
  

March 31,

2025

  

December 31,

2025

  

Change from

March 31, 2025

 
LIABILITIES               
Current liabilities:               
Short-term borrowings   1,843,959    54,519    (1,789,440)
Lease liabilities   90,495    92,351    1,856 
Current portion of long-term debt   196,950    86,816    (110,134)
Trade and other payables   2,100,144    2,297,486    197,342 
Deposits from customers in the banking business   3,981,193    -    (3,981,193)
Income taxes payables   89,485    163,369    73,884 
Participation and residual liabilities in the Pictures segment   236,752    224,589    (12,163)
Contract liabilities   590,719    606,141    15,422 
Other financial liabilities   110,689    176,761    66,072 
Other current liabilities   1,448,402    1,456,850    8,448 
Total current liabilities   10,688,788    5,158,882    (5,529,906)
Non-current liabilities:               
Long-term debt   1,557,867    889,535    (668,332)
Lease liabilities   508,975    533,635    24,660 
Defined benefit liabilities   236,941    204,715    (32,226)
Deferred tax liabilities   175,228    186,052    10,824 
Insurance contract liabilities   12,689,306    -    (12,689,306)
Participation and residual liabilities in the Pictures segment   188,919    131,039    (57,880)
Other financial liabilities   574,351    106,111    (468,240)
Other non-current liabilities   162,647    155,907    (6,740)
Total non-current liabilities   16,094,234    2,206,994    (13,887,240)
Total liabilities   26,783,022    7,365,876    (19,417,146)
EQUITY               
Sony Group Corporation’s stockholders’ equity:               
Common stock   881,357    881,357    - 
Additional paid-in capital   1,483,527    1,465,305    (18,222)
Retained earnings   6,678,168    5,174,889    (1,503,279)
Accumulated other comprehensive income   (566,447)   1,183,976    1,750,423 
Treasury stock, at cost   (296,860)   (542,426)   (245,566)
Equity attributable to Sony Group Corporation’s stockholders   8,179,745    8,163,101    (16,644)
Noncontrolling interests   330,406    355,994    25,588 
Total equity   8,510,151    8,519,095    8,944 
Total liabilities and equity   35,293,173    15,884,971    (19,408,202)

 

- 3 -

 

 

Condensed Quarterly Consolidated Statements of Income

 

   Yen in millions 
   Three months ended December 31 
   2024   2025   Change 
Continuing operations               
Sales   3,693,394    3,713,681    20,287 
Costs and expenses:               
Cost of sales   2,695,564    2,657,637    (37,927)
Selling, general and administrative   576,754    583,666    6,912 
Other operating (income) expense, net   (6,028)   (37,726)   (31,698)
Total costs and expenses   3,266,290    3,203,577    (62,713)
Share of profit (loss) of investments accounted for using the equity method   (4,135)   4,937    9,072 
Operating income   422,969    515,041    92,072 
Financial income   41,942    16,602    (25,340)
Financial expenses   17,220    31,434    14,214 
Income before income taxes   447,691    500,209    52,518 
Income taxes   104,778    119,755    14,977 
Net income from continuing operations   342,913    380,454    37,541 
                
Discontinued Operations               
Net income (loss) from discontinued operations   32,659    (1,385,936)   (1,418,595)
Net income (loss)   375,572    (1,005,482)   (1,381,054)
                
Net income (loss) attributable to               
Sony Group Corporation’s stockholders   373,739    (1,008,612)   (1,382,351)
Net income from continuing operations   341,080    377,324    36,244 
Net income (loss) from discontinued operations   32,659    (1,385,936)   (1,418,595)
Noncontrolling interests   1,833    3,130    1,297 

 

   Yen 
   Three months ended December 31 
   2024   2025   Change 
Per share data:               
Net income (loss) attributable to Sony Group Corporation’s stockholders               
- Basic   62.07    (169.03)   (231.10)
  Continuing operations   56.65    63.24    6.59 
  Discontinued operations   5.42    (232.27)   (237.69)
- Diluted   61.82    (167.92)   (229.74)
  Continuing operations   56.42    62.82    6.40 
  Discontinued operations   5.40    (230.74)   (236.14)

 

- 4 -

 

 

Condensed Quarterly Consolidated Statements of Comprehensive Income

 

   Yen in millions 
   Three months ended December 31 
   2024   2025   Change 
Net income (loss)   375,572    (1,005,482)   (1,381,054)
Other comprehensive income, net of tax -               
Items that will not be reclassified to profit or loss               
Changes in equity instruments measured at fair value through other comprehensive income   1,290    3,223    1,933 
Remeasurement of defined benefit pension plans   (22)   (7)   15 
Share of other comprehensive income of investments accounted for using the equity method   143    318    175 
Other comprehensive income from discontinued operations   (1,168)   -    1,168 
Items that may be reclassified subsequently to profit or loss               
Cash flow hedges   1,599    555    (1,044)
Exchange differences on translating foreign operations   296,282    253,582    (42,700)
Share of other comprehensive income of investments accounted for using the equity method   3,883    (13,654)   (17,537)
Other comprehensive income from discontinued operations   (101,585)   1,377,795    1,479,380 
Total other comprehensive income, net of tax   200,422    1,621,812    1,421,390 
Comprehensive income   575,994    616,330    40,336 
               
Total Comprehensive income               
Comprehensive income from continuing operations   646,086    624,471    (21,615)
Comprehensive income from discontinued operations   (70,092)   (8,141)   61,951 
                
Comprehensive income attributable to               
Sony Group Corporation’s stockholders   571,386    612,306    40,920 
Comprehensive income from continuing operations   641,478    620,447    (21,031)
Comprehensive income from discontinued operations   (70,092)   (8,141)   61,951 
Noncontrolling interests   4,608    4,024    (584)

 

- 5 -

 

 

Condensed Quarterly Consolidated Statements of Income

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025   Change 
Continuing operations               
Sales   9,229,979    9,443,203    213,224 
Costs and expenses:               
Cost of sales   6,524,604    6,533,077    8,473 
Selling, general and administrative   1,657,605    1,651,417    (6,188)
Other operating (income) expense, net   (18,816)   (23,682)   (4,866)
Total costs and expenses   8,163,393    8,160,812    (2,581)
Share of profit (loss) of investments accounted for using the equity method   (5,155)   1,579    6,734 
Operating income   1,061,431    1,283,970    222,539 
Financial income   107,858    81,636    (26,222)
Financial expenses   50,205    67,035    16,830 
Income before income taxes   1,119,084    1,298,571    179,487 
Income taxes   268,743    336,890    68,147 
Net income from continuing operations   850,341    961,681    111,340 
                
Discontinued Operations               
Net income (loss) from discontinued operations   100,884    (1,357,511)   (1,458,395)
Net income (loss)   951,225    (395,830)   (1,347,055)
                
Net income (loss) attributable to               
Sony Group Corporation’s stockholders   943,873    (409,735)   (1,353,608)
Net income from continuing operations   842,989    947,776    104,787 
Net income (loss) from discontinued operations   100,884    (1,357,511)   (1,458,395)
Noncontrolling interests   7,352    13,905    6,553 

 

   Yen 
   Nine months ended December 31 
   2024   2025   Change 
Per share data:            
Net income (loss) attributable to Sony Group Corporation’s stockholders               
- Basic   155.83    (68.42)   (224.25)
Continuing operations   139.17    158.27    19.10 
Discontinued operations   16.66    (226.69)   (243.35)
- Diluted   155.25    (67.97)   (223.22)
Continuing operations   138.66    157.23    18.57 
Discontinued operations   16.59    (225.20)   (241.79)

 

- 6 -

 

 

Condensed Quarterly Consolidated Statements of Comprehensive Income

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025   Change 
Net income (loss)   951,225    (395,830)   (1,347,055)
Other comprehensive income, net of tax -               
Items that will not be reclassified to profit or loss               
Changes in equity instruments measured at fair value through other comprehensive income   (15,538)   5,739    21,277 
Remeasurement of defined benefit pension plans   (785)   (1)   784 
Share of other comprehensive income of investments accounted for using the equity method   (1,001)   469    1,470 
Other comprehensive income from discontinued operations   (1,524)   857    2,381 
Items that may be reclassified subsequently to profit or loss               
Cash flow hedges   183    (3,993)   (4,176)
Exchange differences on translating foreign operations   91,568    344,465    252,897 
Share of other comprehensive income of investments accounted for using the equity method   2,304    (12,896)   (15,200)
Other comprehensive income from discontinued operations   (80,417)   1,407,907    1,488,324 
Total other comprehensive income, net of tax   (5,210)   1,742,547    1,747,757 
Comprehensive income   946,015    1,346,717    400,702 
                
Total Comprehensive income               
Comprehensive income from continuing operations   927,072    1,295,464    368,392 
Comprehensive income from discontinued operations   18,943    51,253    32,310 
                
Comprehensive income attributable to               
Sony Group Corporation’s stockholders   937,069    1,332,601    395,532 
Comprehensive income from continuing operations   918,126    1,281,348    363,222 
Comprehensive income from discontinued operations   18,943    51,253    32,310 
Noncontrolling interests   8,946    14,116    5,170 

 

- 7 -

 

 

Condensed Quarterly Consolidated Statements of Changes in Stockholders’ Equity

 

   Yen in millions 
  

Common

stock

  

Additional

paid-in

capital

  

Retained

earnings

  

Accumulated

other

comprehensive

income

  

Treasury

stock, at

cost

  

Sony Group

Corporation’s

stockholders’

equity

  

Noncontrolling

interests

  

Total equity

 
Balance at April 1, 2024   881,357    1,483,410    6,002,407    (376,063)   (403,934)   7,587,177    168,928    7,756,105 
Comprehensive income:                                        
Net income             943,873              943,873    7,352    951,225 
Other comprehensive income, net of tax                  (6,804)        (6,804)   1,594    (5,210)
Total comprehensive income             943,873    (6,804)        937,069    8,946    946,015 
Transfer to retained earnings             (21,115)   21,115         -         - 
Transactions with stockholders and other:                                        
Stock issued under stock-based compensation transactions        3,009    (1,631)        32,059    33,437         33,437 
Compensation expenses related to stock-based compensation transactions        3,654                   3,654         3,654 
Dividends declared             (115,312)             (115,312)   (4,873)   (120,185)
Purchase of treasury stock                       (257,609)   (257,609)        (257,609)
Reissuance of treasury stock        1              4    5         5 
Cancellation of treasury stock        (3,848)   (339,162)        343,010    -         - 
Transactions with noncontrolling interests shareholders and other        (3,222)                  (3,222)   166,722    163,500 
Balance at December 31, 2024   881,357    1,483,004    6,469,060    (361,752)   (286,470)   8,185,199    339,723    8,524,922 

 

   Yen in millions 
   Common
stock
   Additional
paid-in
capital
   Retained
earnings
   Accumulated
other
comprehensive
income
   Accumulated
other
comprehensive
income directly
related to
disposal groups
classified as
held for
distribution to
owners
   Treasury
stock, at
cost
   Sony Group
Corporation’s
stockholders’
equity
   Noncontrolling
interests
   Total equity 
Balance at April 1, 2025   881,357    1,483,527    6,678,168    (566,447)   -    (296,860)   8,179,745    330,406    8,510,151 
Comprehensive income:                                             
Net income (loss)             (409,735)                  (409,735)   13,905    (395,830)
Other comprehensive income, net of tax                  299,278    1,443,058         1,742,336    211    1,742,547 
Total comprehensive income             (409,735)   299,278    1,443,058         1,332,601    14,116    1,346,717 
Transfer to retained earnings             (2,880)   (1,174)   4,054         -         - 
Transactions with stockholders and other:                                             
Stock issued under stock-based compensation transactions        10,539                   56,864    67,403         67,403 
Compensation expenses related to stock-based compensation transactions        (1,997)                       (1,997)        (1,997)
Dividends declared             (134,964)                  (134,964)   (20,544)   (155,508)
Dividends in kind             (955,700)                  (955,700)        (955,700)
Purchase of treasury stock                            (302,430)   (302,430)        (302,430)
Reissuance of treasury stock        0                   0    0         0 
Transfer to held for distribution to owners                  1,447,112    (1,447,112)        -         - 
Transactions with noncontrolling interests shareholders and other        (26,764)        5,207              (21,557)   32,016    10,459 
Balance at December 31, 2025   881,357    1,465,305    5,174,889    1,183,976    -    (542,426)   8,163,101    355,994    8,519,095 

 

- 8 -

 

 

Condensed Quarterly Consolidated Statements of Cash Flows

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025 
Cash flows from operating activities:          
Income before income taxes from continuing operations   1,119,084    1,298,571 
Adjustments to reconcile income before income taxes from continuing operations to net cash provided by (used in) operating activities:          
Depreciation and amortization, including amortization of contract costs   827,389    834,511 
Other operating (income) expense, net   (18,816)   (23,682)
Gain on securities, net   (57,512)   (23,964)
Share of loss of investments accounted for using the equity method, net of dividends   14,408    10,213 
Changes in assets and liabilities:          
Increase in trade receivables and contract assets   (198,778)   (293,384)
Decrease in inventories   147,099    114,146 
Increase in content assets   (574,959)   (535,248)
Increase in trade payables   322,720    134,028 
Increase in taxes payable other than income taxes, net   22,469    12,265 
Increase in other financial assets and other current assets   (31,636)   (43,778)
Increase in other financial liabilities and other current liabilities   124,989    199,685 
Income taxes paid   (222,780)   (154,652)
Other   (40,945)   (154,742)
Total net cash provided by operating activities from continuing operations   1,432,732    1,373,969 
Net cash provided by (used in) operating activities from discontinued operations   191,268    (20,675)
Net cash provided by operating activities   1,624,000    1,353,294 

 

(Continued on the following page.)

 

- 9 -

 

 

Condensed Quarterly Consolidated Statements of Cash Flows (Continued)

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025 
Cash flows from investing activities:          
Payments for property, plant and equipment and other intangible assets   (516,048)   (295,159)
Proceeds from sales of property, plant and equipment and other intangible assets   13,684    14,265 
Payments for investments and advances   (45,389)   (149,734)
Proceeds from sales or return of investments and collections of advances   36,558    11,545 
Payments for purchases of businesses and other   (291,559)   (100,821)
Proceeds from sales of businesses   -    7,915 
Other   45,166    584 
Total net cash used in investing activities from continuing operations   (757,588)   (511,405)
Net cash used in investing activities from discontinued operations   (20,580)   (1,186,349)
Net cash used in investing activities   (778,168)   (1,697,754)
Cash flows from financing activities:          
Increase in short-term borrowings, net   20,594    6,225 
Proceeds from issuance of long-term debt   15,138    15,198 
Payments of long-term debt   (55,475)   (123,128)
Payments of lease liabilities   (74,140)   (66,886)
Dividends paid   (115,027)   (134,643)
Payments for purchases of treasury stock   (257,609)   (302,430)
Capital contribution from non-controlling interests   150,804    17,730 
Other   13,991    (12,721)
Total net cash used in financing activities from continuing operations   (301,724)   (600,655)
Net cash used in financing activities from discontinued operations   (7,859)   (9,253)
Net cash used in financing activities   (309,583)   (609,908)
Effect of exchange rate changes on cash and cash equivalents   48,587    59,912 
Net increase (decrease) in cash and cash equivalents   584,836    (894,456)
Cash and cash equivalents at beginning of the fiscal year   1,907,113    2,980,956 
Cash and cash equivalents at end of the period   2,491,949    2,086,500 

 

- 10 -

 

 

Notes to Condensed Quarterly Consolidated Financial Statements

 

Business Segment Information

 

At a meeting of Sony Group Corporation’s Board of Directors (the “Board”) held on May 14, 2025, Sony Group Corporation resolved the plan regarding the execution of a partial spin-off (the “Spin-off”) of Sony Financial Group Inc. (“SFGI”), a wholly-owned subsidiary which operates the Financial Services business. In accordance with the resolution, 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. For further information on discontinued operations, please refer to “Notes to Condensed Quarterly Consolidated Financial Statements - Accounting Policy and Other Information (Discontinued operations).”

 

(Business Segments)

Segment sales

 

   Yen in millions 
   Three months ended December 31 
   2024   2025   Change 
Sales:            
Game & Network Services -               
Customers   1,619,876    1,575,656    (44,220)
Intersegment   62,454    37,931    (24,523)
Total   1,682,330    1,613,587    (68,743)
Music -               
Customers   476,968    538,662    61,694 
Intersegment   4,726    3,784    (942)
Total   481,694    542,446    60,752 
Pictures -               
Customers   397,186    351,673    (45,513)
Intersegment   1,038    1,595    557 
Total   398,224    353,268    (44,956)
Entertainment, Technology & Services -               
Customers   693,370    637,216    (56,154)
Intersegment   11,149    20,880    9,731 
Total   704,519    658,096    (46,423)
Imaging & Sensing Solutions -               
Customers   481,215    583,730    102,515 
Intersegment   19,703    20,589    886 
Total   500,918    604,319    103,401 
All Other -               
Customers   20,801    20,909    108 
Intersegment   4,974    4,519    (455)
Total   25,775    25,428    (347)
Corporate and elimination   (100,066)   (83,463)   16,603 
Consolidated total   3,693,394    3,713,681    20,287 

 

Note:

 

Game & Network Services (“G&NS”) intersegment amounts primarily consist of transactions with the Entertainment, Technology & Services (“ET&S”) segment. ET&S intersegment amounts primarily consist of transactions with the G&NS segment. Imaging & Sensing Solutions (“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.

 

- 11 -

 

 

Segment profit (loss)

   Yen in millions 
   Three months ended December 31 
   2024   2025   Change 
Operating income (loss):               
Game & Network Services   118,063    140,843    22,780 
Music   97,424    106,411    8,987 
Pictures   34,025    30,859    (3,166)
Entertainment, Technology & Services   77,105    59,422    (17,683)
Imaging & Sensing Solutions   97,545    131,969    34,424 
All Other   (3,029)   815    3,844 
Total   421,133    470,319    49,186 
Corporate and elimination   1,836    44,722    42,886 
Consolidated operating income   422,969    515,041    92,072 

 

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.

 

- 12 -

 

 

Segment sales

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025   Change 
Sales:            
Game & Network Services -               
Customers   3,498,362    3,558,898    60,536 
Intersegment   120,409    104,393    (16,016)
Total   3,618,771    3,663,291    44,520 
Music -               
Customers   1,356,694    1,530,024    173,330 
Intersegment   15,219    20,124    4,905 
Total   1,371,913    1,550,148    178,235 
Pictures -               
Customers   1,087,132    1,021,175    (65,957)
Intersegment   4,234    5,230    996 
Total   1,091,366    1,026,405    (64,961)
Entertainment, Technology & Services -               
Customers   1,893,261    1,706,620    (186,641)
Intersegment   31,932    61,471    29,539 
Total   1,925,193    1,768,091    (157,102)
Imaging & Sensing Solutions -               
Customers   1,324,292    1,555,377    231,085 
Intersegment   65,673    71,774    6,101 
Total   1,389,965    1,627,151    237,186 
All Other -               
Customers   60,289    56,703    (3,586)
Intersegment   10,465    11,698    1,233 
Total   70,754    68,401    (2,353)
Corporate and elimination   (237,983)   (260,284)   (22,301)
Consolidated total   9,229,979    9,443,203    213,224 

 

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.

 

- 13 -

 

 

Segment profit (loss)

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025   Change 
Operating income (loss):               
Game & Network Services   322,121    409,154    87,033 
Music   273,677    314,595    40,918 
Pictures   63,808    63,374    (434)
Entertainment, Technology & Services   211,343    163,525    (47,818)
Imaging & Sensing Solutions   226,604    324,487    97,883 
All Other   (8,237)   (7,059)   1,178 
Total   1,089,316    1,268,076    178,760 
Corporate and elimination   (27,885)   15,894    43,779 
Consolidated operating income   1,061,431    1,283,970    222,539 

 

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.

 

- 14 -

 

 

(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 
   Three months ended December 31 
Sales:  2024   2025   Change 
Game & Network Services               
Digital Software and Add-on Content   718,221    761,526    43,305 
Network Services   176,915    199,276    22,361 
Hardware and Others   724,740    614,854    (109,886)
Total   1,619,876    1,575,656    (44,220)
Music               
Recorded Music - Streaming   209,598    222,802    13,204 
Recorded Music - Others   105,741    132,054    26,313 
Music Publishing   95,325    108,181    12,856 
Visual Media and Platform   66,304    75,625    9,321 
Total   476,968    538,662    61,694 
Pictures               
Motion Pictures   168,475    121,934    (46,541)
Television Productions   121,085    110,385    (10,700)
Media Networks   107,626    119,354    11,728 
Total   397,186    351,673    (45,513)
Entertainment, Technology & Services               
Imaging   198,315    199,801    1,486 
Sound   97,423    87,518    (9,905)
Network Services   44,766    47,761    2,995 
Displays   192,116    151,143    (40,973)
Other   160,750    150,993    (9,757)
Total   693,370    637,216    (56,154)
Imaging & Sensing Solutions   481,215    583,730    102,515 
All Other   20,801    20,909    108 
Corporate   3,978    5,835    1,857 
Consolidated total   3,693,394    3,713,681    20,287 

 

Note:

 

Sony has realigned its product categories in the ET&S segment due to changes in business categories from the first quarter of the fiscal year ending March 31, 2026. In accordance with this realignment, results for the three months ended December 31, 2024 in the table above have been reclassified to conform to the current presentation.

 

- 15 -

 

 

   Yen in millions 
   Nine months ended December 31 
Sales:  2024   2025   Change 
Game & Network Services               
Digital Software and Add-on Content   1,709,997    1,821,802    111,805 
Network Services   497,040    554,605    57,565 
Hardware and Others   1,291,325    1,182,491    (108,834)
Total   3,498,362    3,558,898    60,536 
Music               
Recorded Music - Streaming   595,732    627,395    31,663 
Recorded Music - Others   309,122    349,664    40,542 
Music Publishing   283,532    312,646    29,114 
Visual Media and Platform   168,308    240,319    72,011 
Total   1,356,694    1,530,024    173,330 
Pictures               
Motion Pictures   452,330    334,348    (117,982)
Television Productions   316,098    335,364    19,266 
Media Networks   318,704    351,463    32,759 
Total   1,087,132    1,021,175    (65,957)
Entertainment, Technology & Services               
Imaging   589,499    558,928    (30,571)
Sound   242,237    224,699    (17,538)
Network Services   133,568    139,880    6,312 
Displays   499,590    388,881    (110,709)
Other   428,367    394,232    (34,135)
Total   1,893,261    1,706,620    (186,641)
Imaging & Sensing Solutions   1,324,292    1,555,377    231,085 
All Other   60,289    56,703    (3,586)
Corporate   9,949    14,406    4,457 
Consolidated total   9,229,979    9,443,203    213,224 

 

Note:

 

Sony has realigned its product categories in the ET&S segment due to changes in business categories from the first quarter of the fiscal year ending March 31, 2026. In accordance with this realignment, results for the nine months ended December 31, 2024 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 direct-to-consumer 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.

 

- 16 -

 

 

Going Concern Assumption

 

  Not Applicable

 

Accounting Policy and Other Information

 

(Net Income (Loss) Attributable to Sony Group Corporation’s Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation of Earnings Per Share (“EPS”) of Common Stock)

 

   Yen in millions 
   Three months ended December 31 
   2024   2025 
Net income (loss) attributable to Sony Group Corporation’s stockholders for basic and diluted EPS computation   373,739    (1,008,612)
Continuing operations   341,080    377,324 
Discontinued operations   32,659    (1,385,936)

 

   Thousands of shares 
   Three months ended December 31 
   2024   2025 
Weighted-average shares outstanding for basic EPS computation   6,021,151    5,966,945 
Effect of dilutive securities:          
Stock options   19,028    28,947 
Restricted stock units   5,747    10,605 
Weighted-average shares for diluted EPS computation   6,045,926    6,006,497 

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025 
Net income (loss) attributable to Sony Group Corporation’s stockholders for basic and diluted EPS computation   943,873    (409,735)
Continuing operations   842,989    947,776 
Discontinued operations   100,884    (1,357,511)

 

   Thousands of shares 
   Nine months ended December 31 
   2024   2025 
Weighted-average shares outstanding for basic EPS computation   6,057,240    5,988,372 
Effect of dilutive securities:          
Stock options   16,682    28,069 
Restricted stock units   5,672    11,391 
Weighted-average shares for diluted EPS computation   6,079,594    6,027,832 

 

Note:

 

Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. Basic and diluted EPS are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.

 

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(Segmentation)

 

  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.

 

  At a meeting of the Board held on May 14, 2025, Sony Group Corporation resolved the plan regarding the execution of the Spin-off. In accordance with the resolution, 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. For further information on discontinued operations, please refer to “Notes to Condensed Quarterly Consolidated Financial Statements -Accounting Policy and Other Information (Discontinued operations).”

 

(Change in presentation)

 

  At a meeting of the Board held on May 14, 2025, Sony Group Corporation resolved the plan regarding the execution of the Spin-off. In connection with the resolution, the Financial Services business was classified as a discontinued operation. Income and losses related to business classified as a discontinued operation are separately presented, net of income taxes, following net income from continuing operations, in the condensed quarterly consolidated statements of income. In accordance with the classification of the Financial Services business as a discontinued operation, the condensed quarterly consolidated statements of income, condensed quarterly consolidated statements of comprehensive income, condensed quarterly consolidated statements of cash flows, and related notes to the condensed quarterly consolidated financial statements for comparative periods have been re-presented separately for continuing operations and discontinued operations. In the condensed quarterly consolidated statements of cash flows, cash flows from operating, investing and financing activities are presented separately for continuing operations and discontinued operations. For further information on discontinued operations, refer to “Notes to Condensed Quarterly Consolidated Financial Statements - Accounting Policy and Other Information (Discontinued operations).”

 

  Sony Group Corporation executed the Spin-off effective October 1, 2025. As a result, “Lease liabilities” that had previously been included within “Current portion of long-term debt” and “Long-term debt” have increased in materiality and are presented as a separate caption in the condensed quarterly consolidated statements of financial position as of December 31, 2025. In addition, due to this change, “Payments of lease liabilities” which had been included within “Payments of long-term debt” are presented separately in the condensed quarterly consolidated statement of cash flows for the nine months ended December 31, 2025. Furthermore, “Contract liabilities” that had previously been included within “Other current liabilities” have also increased in materiality and are presented separately in the condensed quarterly consolidated statement of financial position as of December 31, 2025. Corresponding reclassifications have been made to the consolidated statement of financial position as of the end of the fiscal year ended March 31, 2025 and to the consolidated statement of cash flows for the nine months ended December 31, 2024 to conform to these changes in presentation.

 

(Significant changes in the scope of consolidation during the period)

 

  Sony Group Corporation executed the Spin-off effective October 1, 2025. Consequently, SFGI, which was a wholly-owned subsidiary of Sony Group Corporation, and 67 other subsidiaries (including structured entities) were excluded from the scope of consolidation.

 

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(Discontinued operations)

 

  At a meeting of the Board held on May 14, 2025, Sony Group Corporation resolved to submit a resolution for the execution of the Spin-off, effective October 1, 2025, to the Board in early September 2025. Afterwards, at a meeting of the Board held on September 3, 2025, Sony Group Corporation resolved to execute the Spin-off effective October 1, 2025. Upon execution of the Spin-off effective October 1, 2025, Sony Group Corporation distributed dividends in kind to shareholders appearing in Sony Group Corporation’s register of shareholders as of the record date, September 30, 2025, at the rate of one share of common stock of SFGI (“SFGI share(s)”) to one share of common stock of Sony Group Corporation held by each shareholder. As a result, Sony Group Corporation holds 16.40% of SFGI shares.

 

  In connection with the Board resolution on May 14, 2025 on the plan for the execution of the Spin-off, Sony Group Corporation determined that the distribution of SFGI shares was highly probable and the Financial Services business was classified as a discontinued operation, in accordance with IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations.” As a result, in the condensed quarterly consolidated statements of income, condensed quarterly consolidated statements of comprehensive income, and condensed quarterly consolidated statements of cash flows; revenue, expenses, other comprehensive income and cash flows of the Financial Services business, among other items, are separated from continuing operations, comprised of Sony’s businesses excluding the Financial Services business, and presented as net income or loss from discontinued operations, other comprehensive income from discontinued operations, and net cash from discontinued operations, respectively.

 

  Then, as a result of the execution of the Spin-off effective October 1, 2025, SFGI, which was a wholly-owned subsidiary of Sony Group Corporation, was deconsolidated and became an affiliate accounted for using the equity method.

 

  Further, as a result of the execution of the Spin-off, 1,377,795 million yen of accumulated other comprehensive income directly related to the disposal group classified as held for distribution to owners at the time of the execution was transferred to net income (loss) from discontinued operations as a loss in the condensed quarterly consolidated statements of income. In the condensed quarterly consolidated statements of cash flows, the decrease resulting from deconsolidation in cash and cash equivalent previously recorded in the Financial Services business, amounting to 1,170,068 million yen, is included in net cash used in investing activities from discontinued operations.

 

  In addition, upon applying the equity method to SFGI on October 1, 2025, the fair value of SFGI shares on that date was recorded as its initial investment cost. At the time of the execution of the Spin-off, since Sony’s equity interest in the net fair value of SFGI’s identifiable assets and liabilities exceeded the cost of the initial recognition of the investment, 188,888 million yen of the excess was recognized as the share of profit of investments accounted for using the equity method in connection with the initial investment cost. On the other hand, since the fair value of SFGI shares as of October 1, 2025 was lower than the equity method carrying amount, which is the initial investment cost plus the share of profit of investments accounted for using the equity method, 188,888 million yen of an impairment loss of the same amount as the aforementioned excess amount has been recorded, as the share of loss of investments accounted for using the equity method.

 

- 19 -

 

 

Results of discontinued operations

 

   Yen in millions 
   Nine months ended December 31 
   2024   2025 
Financial services revenue   1,096,841    678,023 
Financial services expenses   954,603    640,811 
Reclassification of accumulated other comprehensive income related to the disposal group to net income or loss   -    (1,377,795)
Other income (expenses), net   (155)   (6,042)
Income (loss) before income taxes from discontinued operations   142,083    (1,346,625)
Income taxes   41,199    10,886 
Net income (loss) from discontinued operations   100,884    (1,357,511)
Other comprehensive income, net of tax, from discontinued operations   (81,941)   1,408,764 
Items that will not be reclassified to profit or loss          
Changes in equity instruments measured at fair value through other comprehensive income   (1,429)   963 
Remeasurement of defined pension plans   (95)   (106)
Items that may be reclassified subsequently to profit or loss          
Changes in debt instruments measured at fair value through other comprehensive income   (537,982)   1,346,457 
Insurance finance income (expenses)   458,003    60,684 
Others   (438)   766 
Comprehensive income from discontinued operations   18,943    51,253 

 

Subsequent Event

 

(Partial amendments to the facility for the repurchase of shares of its own common stock (Expansion of the facility for repurchase))

 

  Sony Group Corporation resolved at the meeting of the Board held on February 5, 2026 to partially amend the facility for the repurchase of shares of its own common stock, which was approved at the meeting of the Board held on November 11, 2025 pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation, as follows.

 

Details of partial amendments to the facility for the repurchase of shares (Amendments are underlined.)

 

 

Before partial amendments

(Board resolution on November 11, 2025)

After partial amendments

(Board resolution on February 5, 2026)

1. Total number of shares for repurchase 35 million shares (maximum) 55 million shares (maximum)
2. Total purchase price for repurchase of shares 100 billion yen (maximum) 150 billion yen (maximum)
3. Period of repurchase November 12, 2025 to May 14, 2026 November 12, 2025 to May 14, 2026

 

- 20 -

 

 

Overview of Operating Results

 

  For the overview of operating results for the third quarter ended December 31, 2025, including the forecast for the fiscal year ending March 31, 2026, please refer to “Q3 FY2025 Consolidated Financial Results” (the presentation material for the earnings announcement) disclosed on the same date as this document on the TDnet of the TSE , the EDGAR system of the U.S. SEC and the website of Sony Group Corporation.

 

Cautionary Statement

 

Statements made in this material with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not limited to, those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. Sony cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore investors should not place undue reliance on them. Investors also should not rely on any obligation of Sony to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Sony disclaims any such obligation. Risks and uncertainties that might affect Sony include, but are not limited to:

 

(i) Sony’s ability to maintain product quality and customer satisfaction with its products and services;
(ii) Sony’s ability to continue to design and develop and win acceptance of, as well as achieve sufficient cost reductions for, its products and services, including image sensors, game and network platforms, smartphones and televisions, which are offered in highly competitive markets characterized by severe price competition and continual new product and service introductions, rapid development in technology and subjective and changing customer preferences;
(iii) Sony’s ability to implement successful hardware, software, and content integration strategies, and to develop and implement successful sales and distribution strategies in light of new technologies and distribution platforms;
(iv) the effectiveness of Sony’s strategies and their execution, including but not limited to the success of Sony’s acquisitions, joint ventures, investments, capital expenditures, restructurings and other strategic initiatives;
(v) changes in laws, regulations and government policies in the markets in which Sony and its third-party suppliers, service providers and business partners operate, including those related to taxation, as well as growing consumer focus on corporate social responsibility;
(vi) Sony’s continued ability to identify the products, services and market trends with significant growth potential, to devote sufficient resources to research and development, to prioritize investments and capital expenditures correctly and to recoup its investments and capital expenditures, including those required for technology development and product capacity;
(vii) Sony’s reliance on external business partners, including for the procurement of parts, components, software and network services for its products or services, the manufacturing, marketing and distribution of its products, and its other business operations;
(viii) the global economic and political environment in which Sony operates and the economic and political conditions in Sony’s markets, particularly levels of consumer spending;
(ix) Sony’s ability to meet operational and liquidity needs as a result of significant volatility and disruption in the global financial markets or a ratings downgrade;
(x) Sony’s ability to forecast demands, manage timely procurement and control inventories;
(xi) foreign exchange rates, particularly between the yen and the U.S. dollar, the euro and other currencies in which Sony makes significant sales and incurs production costs, or in which Sony’s assets, liabilities and operating results are denominated;
(xii) Sony’s ability to recruit, retain and maintain productive relations with highly skilled personnel;
(xiii) Sony’s ability to prevent unauthorized use or theft of intellectual property rights, to obtain or renew licenses relating to intellectual property rights and to defend itself against claims that its products or services infringe the intellectual property rights owned by others;
(xiv) the impact of changes in interest rates and unfavorable conditions or developments (including market fluctuations or volatility) in the equity and bond markets on the revenue and operating income of the Financial Services business;
(xv) shifts in customer demand for financial services such as life insurance and Sony’s ability to conduct successful asset liability management in the Financial Services business;
(xvi) risks related to catastrophic disasters, geopolitical conflicts, pandemic disease or similar events;
(xvii) the ability of Sony, its third-party service providers or business partners to anticipate and manage cybersecurity risk, including the risk of unauthorized access to Sony’s business information and the personally identifiable information of its employees and customers, potential business disruptions or financial losses; and
(xviii) the outcome of pending and/or future legal and/or regulatory proceedings.

 

Risks and uncertainties also include the impact of any future events with material adverse impact. The continued impact of developments relating to the situations in Ukraine and Russia and in the Middle East, as well as the series of changes in U.S. tariff policy, could heighten many of the risks and uncertainties noted above. Important information regarding risks and uncertainties is also set forth in Sony’s most recent Form 20-F, which is on file with the U.S. Securities and Exchange Commission.

 

- 21 -