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CNBC
Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch
Sony, the Japanese entertainment powerhouse, has reported a predicted 13% increase in net profit for the fiscal year ending March 2027, despite facing challenges from declining PlayStation 5 sales and a memory price crunch. In Q4, PS5 unit sales dropped significantly, though growth in image sensors and music businesses provided a much-needed financial buffer. Overall, the company's strategy and revenue diversification appear to be aiding its profit outlook amidst hardware sales decline.
MonitorConfidence: MediumShort term horizon
Published 8 May 2026, 10:00 UTC1 min read
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Summary
TL;DR
- Sony predicts a 13% profit increase to 1.16 trillion yen.
- PlayStation 5 sales fell to 1.5 million units in Q4.
- Memory price issues impacted hardware sales significantly.
- Returns in image sensor and music sectors bolstered revenue.
- Share buyback of up to 500 billion yen announced.
Interesting facts
- PS5 hardware sales halved compared to the previous year's fourth quarter.
- Sony's strong performance in lens and music indicates a strategic pivot.
- The company remains committed to shareholder value through buybacks.