Sony Group Corporation has increased its annual earnings forecast following a robust performance in the July–September quarter. The company reported a 10% year-on-year growth in operating income to JPY429 billion ($2.78 billion) on sales of JPY3.11 trillion ($20.17 billion). Net income attributable to Sony’s shareholders also rose by 7% to JPY311.4 billion ($2.02 billion).

The standout performer for Sony was its music segment, with a 21% increase in sales to JPY542.4 billion ($3.51 billion) and a 28% jump in operating income to JPY115.4 billion ($749 million). This growth was primarily driven by the success of ‘Demon Slayer: Kimetsu no Yaiba Infinity Castle’ and strong streaming and publishing revenues.

Additionally, the Visual Media Platform division, responsible for anime content, saw a revenue increase of over 70% to JPY105.9 billion ($673 million) due to the success of the ‘Demon Slayer’ film. The Imaging Sensing Solutions division also performed well, with a 15% sales gain to JPY614.6 billion ($3.98 billion) and a 50% profit increase to JPY138.3 billion ($897 million) from supplying smartphone camera sensors.

However, the Game Network Services segment reported a 13% decrease in operating income, while the Pictures division experienced a 3% revenue dip. Sony now anticipates full-year sales of JPY12 trillion ($77.78 billion) and operating income of JPY1.43 trillion, with a positive outlook driven by strong contributions from its music and imaging divisions.

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis.