Sony Group Corp 6-K, filed Nov 9, 2023

Sony Group Corp (SONY)

6-K 2023-11-09 For: 2023-11-09

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Added on July 04, 2026

About this 6-K

Sony Group Corp filed this 6-K on November 9, 2023.

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	SONY GROUP CORPORATION
	(Registrant)


	By: /s/ Hiroki Totoki
	(Signature)
	Hiroki Totoki
	President, Chief Operating Officer and Chief Financial Officer

Quarterly Financial Statements (Unaudited)			F-1

Condensed Consolidated Statements of Financial Position			F-1
Condensed Consolidated Statements of Income (Three months ended September 30)			F-3
Condensed Consolidated Statements of Comprehensive Income (Three months ended September 30)			F-4
Condensed Consolidated Statements of Income (Six months ended September 30)			F-5
Condensed Consolidated Statements of Comprehensive Income (Six months ended September 30)			F-6
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Six months ended September 30)			F-7
Condensed Consolidated Statements of Cash Flows (Six months ended September 30)			F-8
Notes to Condensed Consolidated Financial Statements			F-10
- Business Segment Information			F-10
- Going Concern Assumption			F-20
- Accounting Policy and Other Information			F-20

Results for Adjusted OIBDA and Adjusted EBITDA for the Three and Six Months Ended September 30, 2023			1

Outlook for the Fiscal Year Ending March 31, 2024			2

Supplemental Information			5

Cautionary Statement			12

	Yen in millions
	April 1, 2022 Restated		March 31, 2023 Restated		September 30, 2023		Change from March 31, 2023
ASSETS
Current assets:
Cash and cash equivalents		2,049,636		1,480,900		1,626,514		145,614
Investments and advances in the Financial Services segment		360,681		328,358		391,022		62,664
Trade and other receivables, and contract assets		1,621,629		1,770,948		2,168,756		397,808
Inventories		874,007		1,468,042		2,067,624		599,582
Other financial assets		149,301		110,950		129,873		18,923
Other current assets		428,522		563,334		643,186		79,852
Total current assets		5,483,776		5,722,532		7,026,975		1,304,443
Non-current assets:
Investments accounted for using the equity method		268,513		325,220		387,845		62,625
Investments and advances in the Financial Services segment		18,251,612		18,237,761		17,990,817		(246,944	)
Property, plant and equipment		1,113,213		1,344,864		1,430,760		85,896
Right-of-use assets		413,430		478,063		498,320		20,257
Goodwill		952,895		1,275,112		1,443,365		168,253
Content assets		1,342,046		1,561,882		1,748,713		186,831
Other intangible assets		450,103		563,842		592,803		28,961
Deferred tax assets		300,924		393,107		525,917		132,810
Other financial assets		696,306		832,344		859,617		27,273
Other non-current assets		379,137		419,368		463,661		44,293
Total non-current assets		24,168,179		25,431,563		25,941,818		510,255
Total assets		29,651,955		31,154,095		32,968,793		1,814,698

	Yen in millions
	April 1, 2022 Restated			March 31, 2023 Restated			September 30, 2023			Change from March 31, 2023
LIABILITIES
Current liabilities:
Short-term borrowings		1,976,553			1,914,934			2,480,578			565,644
Current portion of long-term debt		171,409			187,942			164,135			(23,807	)
Trade and other payables		1,843,338			1,866,101			2,314,691			448,590
Deposits from customers in the banking business		2,886,361			3,163,237			3,429,123			265,886
Income taxes payables		105,437			154,543			127,798			(26,745	)
Participation and residual liabilities in the Pictures segment		190,162			230,223			257,963			27,740
Other financial liabilities		127,079			108,049			145,435			37,386
Other current liabilities		1,465,326			1,693,380			1,683,331			(10,049	)
Total current liabilities		8,765,665			9,318,409			10,603,054			1,284,645
Non-current liabilities:
Long-term debt		1,203,646			1,767,696			1,838,034			70,338
Defined benefit liabilities		254,548			236,121			243,500			7,379
Deferred tax liabilities		120,582			117,621			134,130			16,509
Insurance contract liabilities		13,042,875			12,364,973			12,226,559			(138,414	)
Participation and residual liabilities in the Pictures segment		220,113			192,952			203,285			10,333
Other financial liabilities		231,463			371,580			378,780			7,200
Other non-current liabilities		106,481			127,593			140,831			13,238
Total non-current liabilities		15,179,708			15,178,536			15,165,119			(13,417	)
Total liabilities		23,945,373			24,496,945			25,768,173			1,271,228
EQUITY
Sony Group Corporation’s stockholders’ equity:
Common stock		880,365			880,365			880,365			-
Additional paid-in capital		1,461,053			1,463,807			1,480,420			16,613
Retained earnings		4,170,417			5,092,442			5,461,664			369,222
Accumulated other comprehensive income		(677,989	)		(614,570	)		(448,712	)		165,858
Treasury stock, at cost		(180,042	)		(223,507	)		(251,281	)		(27,774	)
Equity attributable to Sony Group Corporation’s stockholders		5,653,804			6,598,537			7,122,456			523,919
Noncontrolling interests		52,778			58,613			78,164			19,551
Total equity		5,706,582			6,657,150			7,200,620			543,470
Total liabilities and equity		29,651,955			31,154,095			32,968,793			1,814,698

	Yen in millions
	Three months ended September 30
	2022 Restated			2023			Change
Sales and financial services revenue:
Sales		2,451,043			2,727,012			275,969
Financial services revenue
Insurance revenue		137,343			143,677			6,334
Other financial services revenue		37,078			(42,066	)		(79,144	)
Total financial services revenue		174,421			101,611			(72,810	)
Total sales and financial services revenue		2,625,464			2,828,623			203,159
Costs and expenses:
Cost of sales		1,688,286			1,967,475			279,189
Selling, general and administrative		482,457			518,729			36,272
Financial services expenses
Insurance service expenses		101,382			95,220			(6,162	)
Insurance finance expenses (income)		(10,648	)		(51,027	)		(40,379	)
Other financial services expenses		8,583			41,540			32,957
Total financial services expenses		99,317			85,733			(13,584	)
Other operating (income) expense, net		(8,069	)		(3,380	)		4,689
Total costs and expenses		2,261,991			2,568,557			306,566
Share of profit (loss) of investments accounted for using the equity method		5,930			2,943			(2,987	)
Operating income		369,403			263,009			(106,394	)
Financial income		18,594			12,617			(5,977	)
Financial expenses		16,880			18,031			1,151
Income before income taxes		371,117			257,595			(113,522	)
Income taxes		85,728			56,439			(29,289	)
Net income		285,389			201,156			(84,233	)

Net income attributable to
Sony Group Corporation’s stockholders		281,681			200,105			(81,576	)
Noncontrolling interests		3,708			1,051			(2,657	)

	Yen in millions
	Six months ended September 30
	2022 Restated			2023			Change
Sales and financial services revenue:
Sales		4,467,080			5,011,555			544,475
Financial services revenue
Insurance revenue		272,913			286,427			13,514
Other financial services revenue		115,231			494,293			379,062
Total financial services revenue		388,144			780,720			392,576
Total sales and financial services revenue		4,855,224			5,792,275			937,051
Costs and expenses:
Cost of sales		3,079,953			3,591,985			512,032
Selling, general and administrative		889,223			993,668			104,445
Financial services expenses
Insurance service expenses		190,888			192,586			1,698
Insurance finance expenses (income)		(48,833	)		438,325			487,158
Other financial services expenses		31,726			79,365			47,639
Total financial services expenses		173,781			710,276			536,495
Other operating (income) expense, net		(10,794	)		(12,122	)		(1,328	)
Total costs and expenses		4,132,163			5,283,807			1,151,644
Share of profit (loss) of investments accounted for using the equity method		11,207			7,583			(3,624	)
Operating income		734,268			516,051			(218,217	)
Financial income		31,457			40,808			9,351
Financial expenses		45,330			23,230			(22,100	)
Income before income taxes		720,395			533,629			(186,766	)
Income taxes		173,802			114,531			(59,271	)
Net income		546,593			419,098			(127,495	)

Net income attributable to
Sony Group Corporation’s stockholders		542,775			417,650			(125,125	)
Noncontrolling interests		3,818			1,448			(2,370	)

	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, 2022		880,365		1,461,053			3,760,763			1,222,332			(180,042	)		7,144,471			52,778			7,197,249
Cumulative effects of the application of new accounting standards		–		–			409,654			(1,900,321	)		–			(1,490,667	)		–			(1,490,667	)
Restated balance at April 1, 2022		880,365		1,461,053			4,170,417			(677,989	)		(180,042	)		5,653,804			52,778			5,706,582
Comprehensive income (restated):
Net income							542,775									542,775			3,818			546,593
Other comprehensive income, net of tax										220,070						220,070			4,673			224,743
Total comprehensive income (restated)							542,775			220,070						762,845			8,491			771,336
Transfer to retained earnings							250			(250	)					–						–
Transactions with stockholders and other:
Exercise of stock acquisition rights				(2	)		(288	)					2,763			2,473						2,473
Conversion of convertible bonds				(2,588	)		(13,858	)					42,993			26,547						26,547
Stock-based compensation				4,890												4,890						4,890
Dividends declared							(43,295	)								(43,295	)		(4,555	)		(47,850	)
Purchase of treasury stock													(52,080	)		(52,080	)					(52,080	)
Reissuance of treasury stock				1,231									2,390			3,621						3,621
Transactions with noncontrolling interests shareholders and other				(8,147	)											(8,147	)		3,653			(4,494	)
Restated balance at September 30, 2022		880,365		1,456,437			4,656,001			(458,169	)		(183,976	)		6,350,658			60,367			6,411,025

	Yen in millions
	Financial Services						Sony without Financial Services						Consolidated
	April 1, 2022 Restated		March 31, 2023 Restated		September 30, 2023		April 1, 2022 Restated		March 31, 2023 Restated		September 30, 2023		April 1, 2022 Restated		March 31, 2023 Restated		September 30, 2023
ASSETS
Current assets:
Cash and cash equivalents	¥	889,140	¥	756,493	¥	930,211	¥	1,160,496	¥	724,407	¥	696,303	¥	2,049,636	¥	1,480,900	¥	1,626,514
Investments and advances in the Financial Services segment		360,681		328,358		391,022		–		–		–		360,681		328,358		391,022
Trade and other receivables, and contract assets		163,037		127,413		127,273		1,478,620		1,668,257		2,058,962		1,621,629		1,770,948		2,168,756
Inventories		–		–		–		874,007		1,468,042		2,067,624		874,007		1,468,042		2,067,624
Other financial assets		81,174		47,044		65,245		68,124		63,906		64,629		149,301		110,950		129,873
Other current assets		27,893		16,029		25,232		450,953		562,442		623,941		428,522		563,334		643,186
Total current assets		1,521,925		1,275,337		1,538,983		4,032,200		4,487,054		5,511,459		5,483,776		5,722,532		7,026,975
Non-current assets:
Investments accounted for using the equity method		–		–		–		268,513		325,220		387,845		268,513		325,220		387,845
Investments and advances in the Financial Services segment		18,251,612		18,237,761		17,990,817		–		–		–		18,251,612		18,237,761		17,990,817
Investments in Financial Services, at cost		–		–		–		550,483		550,483		550,483		–		–		–
Property, plant and equipment		18,010		15,316		14,804		1,095,241		1,329,219		1,415,628		1,113,213		1,344,864		1,430,760
Right-of-use assets		73,774		84,023		80,528		339,658		395,210		418,936		413,430		478,063		498,320
Goodwill and intangible assets, including content assets		72,578		78,197		76,570		2,672,466		3,322,639		3,708,311		2,745,044		3,400,836		3,784,881
Deferred tax assets		2,335		2,687		3,503		332,330		431,533		508,222		300,924		393,107		525,917
Other financial assets		37,037		46,941		58,695		663,233		789,470		805,071		696,306		832,344		859,617
Other non-current assets		167,744		172,565		172,065		284,834		319,306		363,742		379,137		419,368		463,661
Total non-current assets		18,623,090		18,637,490		18,396,982		6,206,758		7,463,080		8,158,238		24,168,179		25,431,563		25,941,818
Total assets	¥	20,145,015	¥	19,912,827	¥	19,935,965	¥	10,238,958	¥	11,950,134	¥	13,669,697	¥	29,651,955	¥	31,154,095	¥	32,968,793

LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings	¥	1,964,776	¥	1,891,856	¥	1,987,519	¥	183,187	¥	211,020	¥	657,194	¥	2,147,962	¥	2,102,876	¥	2,644,713
Trade and other payables		119,017		77,703		70,437		1,744,011		1,812,670		2,261,454		1,843,338		1,866,101		2,314,691
Deposits from customers in the banking business		2,886,361		3,163,237		3,429,123		–		–		–		2,886,361		3,163,237		3,429,123
Income taxes payables		3,789		15,213		6,513		101,648		139,330		121,285		105,437		154,543		127,798
Participation and residual liabilities in the Pictures segment		–		–		–		190,162		230,223		257,963		190,162		230,223		257,963
Other financial liabilities		98,029		77,605		91,549		29,050		30,444		53,886		127,079		108,049		145,435
Other current liabilities		218,865		194,174		197,485		1,297,115		1,514,792		1,492,125		1,465,326		1,693,380		1,683,331
Total current liabilities		5,290,837		5,419,788		5,782,626		3,545,173		3,938,479		4,843,907		8,765,665		9,318,409		10,603,054
Non-current liabilities:
Long-term debt		470,498		663,353		672,639		733,148		1,104,344		1,165,395		1,203,646		1,767,696		1,838,034
Defined benefit liabilities		37,167		37,183		37,791		217,381		198,938		205,709		254,548		236,121		243,500
Deferred tax liabilities		58,666		60,554		500		110,715		112,938		134,196		120,582		117,621		134,130
Insurance contract liabilities		13,042,875		12,364,973		12,226,559		–		–		–		13,042,875		12,364,973		12,226,559
Participation and residual liabilities in the Pictures segment		–		–		–		220,113		192,952		203,285		220,113		192,952		203,285
Other financial liabilities		147,712		175,026		203,541		86,391		199,327		178,113		231,463		371,580		378,780
Other non-current liabilities		5,864		7,225		7,514		121,558		142,096		154,625		106,481		127,593		140,831
Total non-current liabilities		13,762,782		13,308,314		13,148,544		1,489,306		1,950,595		2,041,323		15,179,708		15,178,536		15,165,119
Total liabilities		19,053,619		18,728,102		18,931,170		5,034,479		5,889,074		6,885,230		23,945,373		24,496,945		25,768,173
Equity:
Stockholders’ equity of Financial Services		1,087,948		1,180,905		1,000,677		–		–		–		–		–		–
Stockholders’ equity of Sony without Financial Services		–		–		–		5,155,149		6,006,267		6,710,421		–		–		–
Sony Group Corporation’s stockholders’ equity		–		–		–		–		–		–		5,653,804		6,598,537		7,122,456
Noncontrolling interests		3,448		3,820		4,118		49,330		54,793		74,046		52,778		58,613		78,164
Total equity		1,091,396		1,184,725		1,004,795		5,204,479		6,061,060		6,784,467		5,706,582		6,657,150		7,200,620
Total liabilities and equity	¥	20,145,015	¥	19,912,827	¥	19,935,965	¥	10,238,958	¥	11,950,134	¥	13,669,697	¥	29,651,955	¥	31,154,095	¥	32,968,793

	(Yen in billions)
	Three months ended September 30
	2022 Restated			2023
Segment Adjusted OIBDA
Game & Network Services (G&NS)		64.2			83.1
Music		87.5			97.0
Pictures		40.4			42.6
Entertainment, Technology & Services (ET&S)		102.6			87.6
Imaging & Sensing Solutions (I&SS)		122.2			107.1
Financial Services		64.4			22.7
All Other, Corporate and elimination		(4.1	)		(14.1	)
Consolidated Adjusted OIBDA		477.1			425.9
Consolidated Adjusted EBITDA*		487.2			426.4

	(Yen in billions)
	March 31, 2023 Results Restated		August Forecast		November Forecast		Change from August Forecast
Sales *¹		10,974.4		12,200		12,400	+200 bil		+1.6	%
Operating income		1,302.4		1,170		1,170		-	-
Income before income taxes		1,274.5		1,140		1,160	+20 bil		+1.8	%
Net income attributable to Sony Group Corporation’s stockholders		1,005.3		860		880	+20 bil		+2.3	%

Adjusted OIBDA		1,816.9		1,770		1,785	+15 bil		+0.8	%
Adjusted EBITDA		1,797.6		1,750		1,785	+35 bil		+2.0	%

For all segments excluding the Financial Services segment *²	March 31, 2023 Results		August Forecast		November Forecast		Change from August Forecast
Net cash provided by operating activities		415.5		1,250		1,160	-90 bil		-7.2	%

	Assumed foreign exchange rates for the second half of the fiscal year ending March 31, 2024	(For your reference) Assumed foreign exchange rates for the fiscal year ending March 31, 2024 at the time of the August forecast
1 U.S. dollar	approximately 142 yen	approximately 135 yen
1 Euro	approximately 152 yen	approximately 146 yen

	(Yen in billions)
	Fiscal year ended March 31, 2023
	Restated
Game & Network Services (G&NS)
Operating income		250.0
Depreciation and amortization expense^*		87.0
(Profit) / loss amount that Sony deems non-recurring^**		-
Adjusted OIBDA		337.0
Music
Operating income		263.1
Depreciation and amortization expense^*		59.0
(Profit) / loss amount that Sony deems non-recurring^**		(5.7	)
Adjusted OIBDA		316.4
Pictures
Operating income		119.3
Depreciation and amortization expense^*		48.9
(Profit) / loss amount that Sony deems non-recurring^**		-
Adjusted OIBDA		168.2
Entertainment, Technology & Services (ET&S)
Operating income		179.5
Depreciation and amortization expense^*		97.4
(Profit) / loss amount that Sony deems non-recurring^**		-
Adjusted OIBDA		276.9
Imaging & Sensing Solutions (I&SS)
Operating income		212.2
Depreciation and amortization expense^*		196.7
(Profit) / loss amount that Sony deems non-recurring^**		-
Adjusted OIBDA		408.9
Financial Services
Operating income		318.1
Depreciation and amortization expense^*		26.3
(Profit) / loss amount that Sony deems non-recurring^**		(22.1	)
Adjusted OIBDA		322.4
All Other, Corporate and elimination
Operating loss		(39.8	)
Depreciation and amortization expense^*		26.8
(Profit) / loss amount that Sony deems non-recurring^**		-
Adjusted OIBDA		(12.9	)
Consolidated
Operating income		1,302.4
Depreciation and amortization expense^*		542.2
(Profit) / loss amount that Sony deems non-recurring^**		(27.8	)
Adjusted OIBDA		1,816.9

(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 Japanese equity markets on the revenue and operating income of the Financial Services segment;
(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 segment;
(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.

	Yen in millions
	Three months ended September 30
	2022 Restated			2023			Change
Sales and financial services revenue:
Game & Network Services -
Customers		702,718			930,137			227,419
Intersegment		18,017			23,959			5,942
Total		720,735			954,096			233,361
Music -
Customers		356,928			399,360			42,432
Intersegment		2,391			9,356			6,965
Total		359,319			408,716			49,397
Pictures -
Customers		335,580			397,347			61,767
Intersegment		1,888			2,289			401
Total		337,468			399,636			62,168
Entertainment, Technology & Services -
Customers		666,732			603,214			(63,518	)
Intersegment		10,313			10,326			13
Total		677,045			613,540			(63,505	)
Imaging & Sensing Solutions -
Customers		369,580			374,657			5,077
Intersegment		28,786			31,659			2,873
Total		398,366			406,316			7,950
Financial Services -
Customers		174,421			101,611			(72,810	)
Intersegment		3,642			2,304			(1,338	)
Total		178,063			103,915			(74,148	)
All Other -
Customers		17,643			20,418			2,775
Intersegment		3,089			3,807			718
Total		20,732			24,225			3,493
Corporate and elimination		(66,264	)		(81,821	)		(15,557	)
Consolidated total		2,625,464			2,828,623			203,159

	Yen in millions
	Six months ended September 30
	2022 Restated			2023			Change
Sales and financial services revenue:
Game & Network Services -
Customers		1,291,179			1,685,140			393,961
Intersegment		33,672			40,836			7,164
Total		1,324,851			1,725,976			401,125
Music -
Customers		662,281			755,116			92,835
Intersegment		5,108			11,829			6,721
Total		667,389			766,945			99,556
Pictures -
Customers		676,827			717,525			40,698
Intersegment		2,018			2,477			459
Total		678,845			720,002			41,157
Entertainment, Technology & Services -
Customers		1,210,638			1,166,506			(44,132	)
Intersegment		18,717			18,817			100
Total		1,229,355			1,185,323			(44,032	)
Imaging & Sensing Solutions -
Customers		588,803			645,133			56,330
Intersegment		47,405			53,923			6,518
Total		636,208			699,056			62,848
Financial Services -
Customers		388,144			780,720			392,576
Intersegment		5,941			4,606			(1,335	)
Total		394,085			785,326			391,241
All Other -
Customers		33,200			36,820			3,620
Intersegment		6,866			6,898			32
Total		40,066			43,718			3,652
Corporate and elimination		(115,575	)		(134,071	)		(18,496	)
Consolidated total		4,855,224			5,792,275			937,051

	Yen in millions
	Three months ended September 30
Sales and financial services revenue:	2022 Restated		2023		Change
Game & Network Services
Digital Software and Add-on Content		332,859		423,096		90,237
Network Services		117,006		133,887		16,881
Hardware and Others		252,853		373,154		120,301
Total		702,718		930,137		227,419
Music
Recorded Music - Streaming		151,930		173,858		21,928
Recorded Music - Others		72,030		79,881		7,851
Music Publishing		73,489		82,725		9,236
Visual Media and Platform		59,479		62,896		3,417
Total		356,928		399,360		42,432
Pictures
Motion Pictures		123,791		129,209		5,418
Television Productions		114,586		173,385		58,799
Media Networks		97,203		94,753		(2,450	)
Total		335,580		397,347		61,767
Entertainment, Technology & Services
Televisions		226,751		161,002		(65,749	)
Audio and Video		99,887		109,100		9,213
Still and Video Cameras		147,862		159,203		11,341
Mobile Communications		93,227		72,774		(20,453	)
Other		99,005		101,135		2,130
Total		666,732		603,214		(63,518	)
Imaging & Sensing Solutions		369,580		374,657		5,077
Financial Services		174,421		101,611		(72,810	)
All Other		17,643		20,418		2,775
Corporate		1,862		1,879		17
Consolidated total		2,625,464		2,828,623		203,159

	Yen in millions
	Six months ended September 30
Sales and financial services revenue:	2022 Restated		2023		Change
Game & Network Services
Digital Software and Add-on Content		618,704		788,442		169,738
Network Services		223,529		258,386		34,857
Hardware and Others		448,946		638,312		189,366
Total		1,291,179		1,685,140		393,961
Music
Recorded Music - Streaming		291,041		338,745		47,704
Recorded Music - Others		132,486		152,766		20,280
Music Publishing		136,546		157,864		21,318
Visual Media and Platform		102,208		105,741		3,533
Total		662,281		755,116		92,835
Pictures
Motion Pictures		246,916		254,713		7,797
Television Productions		253,747		277,616		23,869
Media Networks		176,164		185,196		9,032
Total		676,827		717,525		40,698
Entertainment, Technology & Services
Televisions		368,544		296,984		(71,560	)
Audio and Video		190,947		198,249		7,302
Still and Video Cameras		287,565		321,077		33,512
Mobile Communications		192,257		160,136		(32,121	)
Other		171,325		190,060		18,735
Total		1,210,638		1,166,506		(44,132	)
Imaging & Sensing Solutions		588,803		645,133		56,330
Financial Services		388,144		780,720		392,576
All Other		33,200		36,820		3,620
Corporate		4,152		5,315		1,163
Consolidated total		4,855,224		5,792,275		937,051