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Sony earns 14% less and will launch 1,450 million buyback plan

Japanese industrial conglomerate Sony posted a responsible net profit of 882,178 million yen (6,404 million euros) at the end of…

By admin , in news , at May 10, 2022


Japanese industrial conglomerate Sony posted a responsible net profit of 882,178 million yen (6,404 million euros) at the end of the year. financial yearwhich ended March 31, representing a decline of 14.3% compared to the result reported the previous year, reports the company, which will plan to buy back its own shares for the amount over the next twelve months. . Up to 200,000 million yen (1,450 million euros).

Video game

Sony’s revenue grew 10.3% to €72.02 billion between April 2021 and March 2022, with revenue from the TV business increasing by 3%. Video gameUp to 19,820 million euros.

division on their behalf music Its sales increased by 18.8% to EUR 8,060 million, while the revenue of the film unit increased by 64.6% to EUR 8,930 million.

For its part, the turnover of the electronics business was up 13.1%, up to EUR 16,920 million, while image increased its earnings by 5.9% to 7,770 million euros.

Between the months of January and March 2022, the net attributable profit of Sony It grew by 66.5% to EUR 806 million in 2021 compared to the same period, while the revenue of the multinational company totaled EUR 16,430 million, up 1.2%.

The Japanese company expects to close its current financial year, which will end March 31, 2023, with a turnover of 82,760 million euros, up 14.9%, while it expects a net profit

6,025 million euros, which is a . will represent drop 5.9% over the previous year.

repurchase of shares

On the other hand, Sony’s board of directors has approved a plan buy back Own shares for a maximum of 1,450 million euros, which will start from tomorrow and remain in force until May 10, 2023.

Specifically, the plan aims to acquire 25 million ordinary shares of SonyLimits the maximum amount of the program to 1,450 million euros, equivalent to 2.02% of the total shares issued.

Although multinational The U.S. warned that, depending on investment opportunities, market environment and other factors, “there may be no share repurchases or only a share repurchase.”