Due to massive write-downs in the business of film production in the last reporting quarter, Sony company looks for catastrophe. The company had to write off nearly one billion US dollars.
Also, the losses suffered nearly all business units except for group sales of gaming consoles and games, as well as groups for the production of semiconductors. Interestingly, Sony Semiconductor plants last spring was hurt with the earthquake in Japan, so for some time did not worked and reduced damage. Due to the high activity of these two directions Sony shares not only fallen in price, but for the first time since November 10 showed an increase in all major regions.
Total for the reporting period, the Company raised $ 21.3 billion, or 7.1% less than the revenues in the same quarter of the previous year (2015). Quarterly operating profit for the year decreased from $ 1.8 billion to $ 820 million. Net income, as mentioned above, fell about six times to $ 174 million.
Buffer for write-downs and losses in other areas of the company has become the gaming business. Division Game & Network Services for the year increased quarterly revenue by 5% - to $ 5.3 billion operating profit division grew by 25% -.. Up to $ 431 million during the quarter, the company sold 9.7 million consoles PlayStation 4. A year ago, for the same quarter sold out 8.4 million game consoles this generation. During this fiscal year, which ends on March 31, the company expects to realize 20 million consoles and, certainly, it will succeed.
Another help for the quarterly finance company has become a business for the production of semiconductors. For us it is mostly CMOS-image sensors. Growth of quarterly shipments of smart phones Apple's help Sony to increase its revenue in this area (including) by as much as 16.9% -. To $ 2 billion But Sony smartphones sold worse, especially in Europe. Mobile Communications Division for the reported quarter bailed out by 35.5% less than the year before: only $ 2.1 billion operating profit in this sector fell by 12.1% year on year - up to $ 183 million..
Division of Imaging Products & Solutions and Home Entertainment & Sound for the year reduced the quarterly revenues by 9.6% and 12.1%, respectively. In the first case, the amount was $ 1.44 billion, while the second - $ 3 ppb Operating income from the release of digital cameras and related products declined from $ 202 million to $ 182 million, and operating income from home electronics decreased from $ 278 million to $ 224 ppm