TOKYO, May 10 — Sony today reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, but offered a cautious forecast as supply chain disruption continues.
The 10 per cent increase in sales from ¥8.99 trillion in 2020-21 “was mainly due to significant increases in sales in the pictures, electronics products and solutions and music segments”, Sony said. It also saw favourable business environments for sectors including music and movies balance out weaker performances elsewhere.
“In the current fiscal year, the demand environment is expected to be more severe than in recent years due to the situation in Ukraine and Russia and the slowdown in the global economy caused by rapid inflation,” warned Sony chief financial officer Hiroki Totoki. Serkan Toto, an analyst at Kantan Games in Tokyo, said he does not “see any kind of problem for Sony in the gaming world or in the gaming market, except for the supply chain issues”.Sony sold 11.5 million PS5s last year, and Totoki said the firm was adapting to weather ongoing supply chain issues, including Covid lockdowns in China.
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