Sony's group net profit almost quadruples on year in April-June quarter

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"Sales and operating revenue ("Sales") increased by 15.2% compared to the same quarter of the previous fiscal year ("year-on-year") to 1,858.1 billion yen".

Operating income in the current quarter included a 27.5 billion yen gain recorded in the Semiconductors segment resulting from the sale of the entire equity interest in Sony Electronics Huanan Co., Ltd. ("SEH"), a manufacturingsubsidiary in the camera module business.

Music publishing, which consists of Sony/ATV, Sony Japan publishing and its percentage of EMI Music Publishing, produced revenues of $151.7 million (16.86 billion yen), a 7.7% increase from a year ago.

"Whenever we produced good results in the past, a sharp pullback followed", said Kenichiro Yoshida, chief financial officer and the right-hand man of CEO Hirai.

Together, strong performance across Sony's divisions is pushing profit to golden-era levels.

Home entertainment products benefitted from a shift toward high-end TV models with better margins.

Sony's semiconductor division, which includes image sensors, posted an operating profit of 55.4 billion yen, reversing the year-earlier loss of 43.5 billion yen, as operations at a key plant fully resumed to meet brisk demand for image sensors for smartphones.

How many PS4s do you think Sony will ship this quarter? The company said the PlayStation VR headset continued to sell well, but did not release figures.

In April-June this year, camera sales also rose.

For fiscal 2017, attributable net income was 73.3 billion yen or $654 million, operating income was 288.7 billion yen and sales and operating revenues were 7.60 trillion yen or $67.89 billion. During the Electronic Entertainment Expo (E3 2017) in June, the company confirmed that the sales number was 60.4 million worldwide. This is down from 20 million for the past year.

- Visual and Media, which houses its mobile game apps, saw revenue increase to $435.6 million (48.4 billion yen), up 46.4 percent from the first quarter of 2016 when revenue totaled $305.8 million (33.05 billion yen).

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