SNE - Sony Corporation

NYSE - NYSE Delayed Price. Currency in USD
63.24
+0.50 (+0.80%)
At close: 4:00PM EDT
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Previous close62.74
Open63.20
Bid62.00 x 800
Ask63.31 x 800
Day's range62.59 - 63.32
52-week range47.29 - 73.86
Volume848,922
Avg. volume1,576,757
Market cap76.766B
Beta (5Y monthly)1.19
PE ratio (TTM)13.29
EPS (TTM)4.76
Earnings dateN/A
Forward dividend & yield0.37 (0.58%)
Ex-dividend date27 Sep 2019
1y target est68.97
  • Sony profits tumble despite gaming boost
    Reuters Videos

    Sony profits tumble despite gaming boost

    Tech giant Sony is the latest victim of a global economy struggling through lockdowns. The Japanese company announced a 57% drop in fourth quarter profit on Wednesday (May 13) and blamed uncertainty created by the new virus. Demand for smartphone image sensors, TVs and cameras all dropped. Leaving the firm to post operating profit of just over 35 billion yen - or $331 million - from January to March. Way down on 82.7 billion yen a year before. Sony said its consumer electronics business was hit hard by the outbreak. Operating profit for the year ended March came in at 845 billion yen - down 5.5% from last year. The firm didn't provide an outlook for the year ahead due to uncertainty caused by the virus. Sony's gaming business provided at least one green shoot, beating forecast earnings. The PlayStation proving a popular option for homebound consumers looking for a source of entertainment. Sony also stuck with its aim to launch the new PlayStation 5 during the year-end holiday season - and said the disease won't delay production of the console.

  • Amazon could be a huge threat to the gaming industry
    Yahoo Finance

    Amazon could be a huge threat to the gaming industry

    Amazon has a big-budget game, another in the works, and a secretive cloud gaming service in the making. All of that could prove to be a problem for the industry's old guard.

  • Why Is Sony Taking Over Its Financial Unit for $3.7 Billion?
    Motley Fool

    Why Is Sony Taking Over Its Financial Unit for $3.7 Billion?

    Sony wants to push minority stakeholders out of the financial unit, but it arguably makes more sense to sell it instead.

  • Financial Times

    Sony ramps up VR efforts as demand for virtual events surges

    The effort, outlined by Sony’s chief executive Kenichiro Yoshida in an interview with the Financial Times, comes six months ahead of the planned launch of its PlayStation 5 games console and what analysts believe will be a period of blistering competition with Microsoft’s new Series X machine. Mr Yoshida revealed his hopes for Sony’s VR technology when asked how the company, which owns some of the largest movie, music and games companies in the world, will reshape entertainment delivery amid prolonged lockdowns and, eventually, a post-Covid-19 world. “The challenge is how we can conduct live [concerts] remotely that are both immersive and real time,” Mr Yoshida said on Wednesday.

  • Sony Adds Microsoft-Powered Artificial Intelligence to IMX500 Video Camera Sensors
    Motley Fool

    Sony Adds Microsoft-Powered Artificial Intelligence to IMX500 Video Camera Sensors

    The IMX500 line of intelligent video sensors will come with embedded access to artificial intelligence (AI) tools from Microsoft (NASDAQ: MSFT) Azure. Camera systems built around these sensor chips will be able to analyze their video streams in real time. Paired with a custom data management, Sony's chipset can analyze the video stream locally.

  • Sony Collaborates With Microsoft, Announces New Structure
    Zacks

    Sony Collaborates With Microsoft, Announces New Structure

    The combination of Sony's (SNE) imaging and sensing technology with Microsoft's cloud AI services will create a powerful platform in the smart camera market.

  • Bilibili Inc. (BILI) Q1 2020 Earnings Call Transcript
    Motley Fool

    Bilibili Inc. (BILI) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Bilibili Inc. (NASDAQ: BILI)Q1 2020 Earnings CallMay 19, 2020, 9:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, good morning and welcome to the Bilibili 2020 First Quarter Earnings Conference Call.

  • Financial Times

    Sony offers $3.7bn for rump of financial services division

    The move to fully unite Sony Financial’s online banking and insurance businesses with the group’s electronics and entertainment divisions comes despite pressure from the US activist investor Third Point for Sony to break up and focus on entertainment. Kenichiro Yoshida, Sony’s chief executive, has instead argued that diversity is a strength, noting that Sony Financial kept its parent company afloat for nearly a decade as its consumer electronics businesses bled losses.

  • Financial Times

    Sony Fin buyout: Third Point deflected

    Activist investor Daniel Loeb of Third Point believes spin-offs are the way for Sony to realise value. Shares of both Japanese electronics group and Sony Financial rose after the announcement. The latter, with a market worth of about $10bn, surged 17 per cent. The Y400bn ($3.7bn) buyout by Sony will turn the subsidiary into a wholly-owned unit.

  • Sony to buy full control of financial unit to weather crisis
    Associated Press

    Sony to buy full control of financial unit to weather crisis

    Sony Corp. plans to make its financial services unit a wholly owned subsidiary to ensure stability as it rides out the hardships brought on by the coronavirus pandemic. “We will be able to carry out more flexible management,” Kenichiro Yoshida, chief executive of the Japanese entertainment and electronics company, told reporters in a livestream news conference Tuesday. Tokyo-based Sony is making a tender offer for the shares of Sony Financial Holdings Inc., of which it now owns about 65%.

  • Sony to take full control of listed financial arm for $3.7 billion
    Reuters

    Sony to take full control of listed financial arm for $3.7 billion

    Sony Corp said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal will allow the Japanese electronics and entertainment giant to strengthen its presence in the fintech field to compete with global tech majors such as Alibaba Group Holding Ltd and Apple Inc. It also reflects Chief Executive Kenichiro Yoshida's strategy of making revenue streams more stable following a major revamp by his predecessor which shifted Sony's focus away from low-margin consumer electronics to entertainment content and subscription-based businesses.

  • Sony aims to make image sensors smarter to expand beyond smartphones
    Reuters

    Sony aims to make image sensors smarter to expand beyond smartphones

    Sony Corp on Thursday said it would make its cash-cow image sensors smarter to broaden their application, as the Japanese electronics maker seeks to reduce reliance on a saturated smartphone market. The company said it has developed the world's first image sensor with an integrated artificial intelligence (AI) processor, which can perform tasks such as determining the size of a crowd, scanning bar codes and monitoring a driver's drowsiness - all in a single chip. As an AI processor is stacked on an image-sensing chip, the complete package can extract and process data without sending it to the cloud or elsewhere, eliminating transmission latency and reducing power consumption, Sony said.

  • Despite COVID-19, Sony's PlayStation 5  Will Be Ready for the Holiday Season
    Motley Fool

    Despite COVID-19, Sony's PlayStation 5 Will Be Ready for the Holiday Season

    In reporting fiscal fourth-quarter earnings on Wednesday, the Japanese entertainment company said that even though it faced challenges in testing and the qualification of production lines, due largely to employees working from home and restrictions placed on international travel, its newest game console is still on track for a launch during the holiday shopping season. As for game development, Sony said it's not seeing interruptions. In April the company said it was delaying The Last of Us 2, one of the most anticipated game titles of 2020, because of logistic issues.

  • SONY CORPORATION (SNE) Q4 2019 Earnings Call Transcript
    Motley Fool

    SONY CORPORATION (SNE) Q4 2019 Earnings Call Transcript

    It is now time for us to start the Sony Corporation Consolidated Financial Results Briefing for Fiscal Year 2019. My name is Kato from the Corporate Communications Department. Today, first of all we will hear from Hiroki Totoki, who is our CFO and Senior Executive Vice President.

  • Sony (SNE) Q4 Earnings Lag Estimates, Business Hit by COVID-19
    Zacks

    Sony (SNE) Q4 Earnings Lag Estimates, Business Hit by COVID-19

    Sony's (SNE) fourth-quarter fiscal 2019 results reflect decline in the Financial Services, Electronics Products & Solutions, and Game & Network Services segment sales.

  • Financial Times

    Sony to push ahead with PS5 launch

    The decision to proceed with the PS5 rollout — which will coincide with the launch of Microsoft’s next-generation Xbox console — comes as the Japanese group wrestles with widespread disruption to its film, music and consumer electronics businesses that will wipe at least 30 per cent off its operating profits for the financial year ending in March 2021. “As people refrain from going out, demand for digital entertainment has increased and we expect the trend to continue for some time,” Hiroki Totoki, Sony’s chief financial officer, said at a briefing on Wednesday.

  • Sony's profits dive as stores, cinemas close during pandemic
    Associated Press

    Sony's profits dive as stores, cinemas close during pandemic

    Japanese electronics and entertainment company Sony Corp. reported Wednesday that its quarterly profit tumbled as the coronavirus pandemic delayed music and movie releases and disrupted product supply chains. Tokyo-based Sony's profit in January-March crashed 86% to 12.6 billion yen ($118 million), a fraction of the 87.9 billion yen earned a year ago. The spread of COVID-19 has crimped consumer spending, shut movie theaters, canceled events and sent share prices falling — all damaging for a company with sprawling businesses like Sony.

  • Sony annual net profit down 36.5%, warns of tough year
    AFP News

    Sony annual net profit down 36.5%, warns of tough year

    Sony said Wednesday its annual net profit tumbled 36.5 percent on lower revenue from games and electronics products, and warned of a tough year because of the coronavirus pandemic. Operating profit fell 5.5 percent to 845 billion yen as sales sank 4.7 percent to 8.3 trillion yen. It suffered "significant decreases" in sales of electronics products as well as in games and network businesses despite robust demand for image sensors used in cellphone cameras, the company said.

  • Sony braces for lowest profit in four years, hit broadly by coronavirus
    Reuters

    Sony braces for lowest profit in four years, hit broadly by coronavirus

    Sony Corp expects operating profit to drop at least 30% this financial year to its lowest in four years as the company anticipates a hit to demand for its TVs, cameras and smartphone image sensors from the coronavirus outbreak. Chief Financial Officer Hiroki Totoki said the consumer electronics business such as TVs "has been hardest hit right now, but the impact will expand to other businesses as well." The electronics and entertainment company reported a 57% fall in operating profit for the January-March quarter to 35.45 billion yen ($331 million), missing a 73.77 billion yen average of analyst estimates polled by Refinitiv.

  • 1-800-FLOWERS, Columbia Sportswear, Sony, Ciena and Cisco as Zacks Bull and Bear of the Day
    Zacks

    1-800-FLOWERS, Columbia Sportswear, Sony, Ciena and Cisco as Zacks Bull and Bear of the Day

    1-800-FLOWERS, Columbia Sportswear, Sony, Ciena and Cisco as Zacks Bull and Bear of the Day

  • Sony (SNE) to Report FY19 Q4 Earnings: What Lies in Store?
    Zacks

    Sony (SNE) to Report FY19 Q4 Earnings: What Lies in Store?

    Sony (SNE) is likely to report lower consolidated revenues for fourth-quarter fiscal 2019 due to volatility in demand amid the coronavirus pandemic despite operational efficiencies.

  • Sony to make, donate face shields to Japan hospitals
    Reuters

    Sony to make, donate face shields to Japan hospitals

    Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment for healthcare workers dealing with the coronavirus pandemic. The Japanese technology and entertainment company said it has begun producing face shields repurposed from eye shields normally used by surgeons to view images on Sony's 3D medical monitors.