Archive · 31 Jul 2026
Sony Boosts Profit Forecast, Music Sales Drive Growth
Sony Group Corp., a big Japanese entertainment company, said it will make more money this year than it first thought.
In the last three months, its profit jumped 40% to about ¥476.5 billion.
The music part of the business sold 21% more than before, which helped a lot.
A weaker Japanese yen and the return of US tariffs also made the company’s earnings better.
Sony also plans to buy a lens maker called Tamron to grow its camera business.
Sony Group Corp. raised 2024 operating profit outlook to ¥1.72 trillion.
June‑quarter profit jumped 40% to ¥476.5 billion, beating analysts.
Music division sales rose 21% in the quarter, outpacing games.
Weak yen and US tariff refunds helped lift earnings, especially for PS5.
Sony plans to acquire Tamron Co. to expand its Alpha camera lineup.
- Who
- Sony Group Corp.
- What
- Raised 2024 operating profit outlook and reported strong music sales
- When
- Fiscal year 2024, June quarter
- Where
- Tokyo, Japan
- Why
- Weaker yen, US tariff refunds, and upcoming game releases boosted earnings
- Operating profit forecast
- ¥1.72 trillion
- June quarter profit
- ¥476.5 billion
- Music sales growth
- 21%
- Weak yen impact
- Positive
- Upcoming game titles
- Grand Theft Auto VI, Marvel's Wolverine