Sony Financial FY Net Profit Declines

Sony Financial Group reported fiscal year profit attributable to owners of the parent of 55.5 billion yen, down 29.6% year over year, with EPS falling to 7.96 yen from 11.02 yen. Ordinary profit rose 88.4% to 84.58 billion yen, but the decline in net attributable profit points to mixed underlying results. The release is company-specific and likely modest in market impact.

Analysis

Sony Financial Group reported fiscal year profit attributable to owners of the parent of 55.5 billion yen, down 29.6% year over year, with EPS falling to 7.96 yen from 11.02 yen. Ordinary profit rose 88.4% to 84.58 billion yen, but the decline in net attributable profit points to mixed underlying results. The release is company-specific and likely modest in market impact.