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Sony Group Corporation (SONY) perpetual futures
SONY perpetual futures on 15 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SONYUSDT.
Sony Group Corporation designs, develops, and markets electronics, gaming consoles, entertainment content, and financial services globally, headquartered in Tokyo, Japan.
$27.32+1.2%NYSE open
Price chart
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TradingView symbol NYSE:SONY
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Trading data
Perpetual market activity
15/15 live markets
Trading data
Perpetual market activity
Venues
15
Live markets
15/15
24h volume
$4.5MCoverage: 13/15 marketsExchange-reported volume: $5.7M
Open interest
$3.4MCoverage: 12/15 markets
Best liquidity
$598.5K
Bitunix
Tightest spread
+1.5 bps
Bitget
Highest volume
$1.8M
Deepcoin
Settlement mix
USDT · 14/15
Perp/spot vol.
0.18x
Spot volume $24.5M
OI / float
0.00%
Float $159.5B
Spot performance
1D+2.18%
5D+3.38%
1M+11.96%
6M+19.53%
YTD+6.41%
1Y-7.47%
Venue matrix
15 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | SONY/USDT | Trading | $27.32 | 0.0% APR 0.000% every 8h | +3.7 bps | $555.2K | $950.7K | $454.1K | USDT | - | |
 Ourbit | Trade | SONY/USDT | Trading | $27.31 | 0.0% APR 0.000% every 8h | +3.7 bps | $400.1K | $475.9K | $122.9K | USDT | 20x | |
 XT.com | Trade | SONY/USDT | Trading | $27.32 | 0.0% APR 0.000% every 8h | +3.7 bps | $18K | $211.9K | - | USDT | 20x | |
 Bitunix | Trade | SONY/USDT | Trading | $27.32 | -0.8% APR -0.00070% every 8h | +22.0 bps | $598.5K | $126K | $27.9K | USDT | 20x | |
 MEXC | Trade | SONY/USDT | Trading | $27.31 | 0.0% APR 0.000% every 8h | +3.7 bps | $192K | $109.2K | $2.1M | USDT | 20x | |
 Bybit | Trade | SONY/USDT | Trading | $27.30 | 0.0% APR 0.000% every 8h | +7.3 bps | $15.1K | $71.7K | $132K | USDT | 25x | |
 Bitget | Trade | SONY/USDT | Trading | $27.30 | 0.0% APR 0.000% every 8h | +1.5 bps | $446K | $46.9K | $208.1K | USDT | 20x | |
 OKX | Trade | SONY/USDT | Trading | $27.29 | 0.0% APR 0.000% every 8h | +18.3 bps | $25.9K | $46K | $139.9K | USDT | 10x | |
 HTX | Trade | SONY/USDT | Trading | $27.29 | +11.0% APR +0.010% every 8h | +80.6 bps | $2K | $5.1K | $8.1K | USDT | - | |
 Gate.io | Trade | SONY/USDT | Trading | $27.29 | 0.0% APR 0.000% every 8h | +54.2 bps | $29.8K | $2.7K | $83.4K | USDT | 20x | |
 Crypto.com Exchange | Trade | SONY/USD | Trading | $27.25 | +44.8% APR +0.00511% every 1h | +22.0 bps | $458.1 | $454.3 | $1.3K | USD | 50x | |
 Deepcoin | Trade | SONY/USDT | Trading | $27.32 | - | +3.7 bps | $151.7K | $1.8M | - | USDT | 25x | |
 BingX | Trade | SONY-USDT | Trading | $27.32 | -5.5% APR -0.00500% every 8h | +3.7 bps | $568.5K | $716.1K | - | USDT | - | |
 LBank | Trade | SONY/USDT | Trading | $27.31 | 0.0% APR 0.000% every 8h | +3.7 bps | $477.2K | $633.2K⚠ | $809.9 | USDT | 50x | |
 KuCoin | Trade | SONY/USDT | Trading | $27.31 | 0.0% APR 0.000% every 8h | +14.6 bps | $1.1K | $533K⚠ | $37K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 12 of 15 venues absorb $10k · Typical cost: +11.4 bps – +49.0 bps
Too thin: HTX, KuCoin, Crypto.com Exchange
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
SONYTightest spread
SONYHighest volume
SONYFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-04
Revenue est. $24.8B · Updated 5h ago
Dividend
$0.11
2026-09-29
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
New York Stock Exchange
Extended-hours reference
Bid27.27
Ask27.29
Volume1,086,054
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20271.44$82.2B+5%3
FY 20281.48$80.8B-2%3
FY 20291.56$85.1B+5%1
FY 20301.88$92B+8%1
FY 20312.10$97.2B+6%1
Q2 202735.07$17.6B-10%1
Source: FMP · Consensus
Company events
62027-02-04EarningsActual - / Estimate 0.4-
2026-11-05Earnings · Before market openActual 0.48 / Estimate 0.38Beat
2026-09-29Dividend$0.111-
2026-07-31EarningsActual 0.36 / Estimate 0.33Beat
2026-05-08EarningsActual 0.0909 / Estimate 0.217Miss
2026-03-30Dividend$0.078-
Peer comparison
Similar listed perpsRevenue mix
Latest annualUNITED STATESGeographic¥4.1T
EuropeGeographic¥2.6T
JAPANGeographic¥2.2T
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $26 |
| 12-month target range (low – high) | $26 – $26 |
| Ratings in the provider's consensus | 16 |
Price targets as of 2026-11-13
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 1 | 2 | 1 | 0 | 0 |
| Oct 2026 | 1 | 2 | 1 | 0 | 0 |
| Sep 2026 | 1 | 3 | 1 | 0 | 0 |
| Aug 2026 | 0 | 3 | 1 | 0 | 0 |
| Jul 2026 | 0 | 3 | 1 | 0 | 0 |
| Jun 2026 | 0 | 3 | 1 | 0 | 0 |
| May 2026 | 0 | 3 | 1 | 0 | 0 |
| Apr 2026 | 0 | 3 | 1 | 0 | 0 |
| Mar 2026 | 0 | 4 | 1 | 0 | 0 |
| Feb 2026 | 1 | 4 | 0 | 0 | 0 |
| Jan 2026 | 1 | 4 | 0 | 0 | 0 |
| Dec 2025 | 1 | 4 | 0 | 0 | 0 |
Ownership
Institutional · 2026-Q3Free float98%5.8B shares
Shares outstanding6B shares
Institutional5%564 investors
Investor count change-216
Reference market activity
SONY-PERPDay range (Nov 13)$27.11$27.29
52 week$19.32$30.33
Spot volume898.4K
Average volume-
Price performance
111D+2.2%
5D+3.4%
1M+12.0%
3M+15.4%
6M+19.5%
YTD+6.4%
1Y-7.5%
3Y+63.4%
5Y+10.8%
10Y+354.0%
MAX+9,316.5%
Insider activity
FY2026 Q3Acquisitions29 transactions1,282,406 shares
Dispositions17 transactions1,000,067 shares
Purchases0Ratio 1.71
Sales10
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Sony officer Ito Yasuhiro (Chief People Officer) sold 9,000 common shares at $24.29 on 2026-09-16, leaving 6,489 shares owned.
Sony officer Ito Yasuhiro exercised options on 9,000 shares of common stock at $8.35 per share, converting the same 9,000 employee stock options. After the transaction he held 15,489 common shares and 4,000 options.
Sashida Shinji exercised employee stock options, converting 7,000 options into 7,000 Sony common shares.
On 2026-08-17, officer Tanaka Kenji sold 20,000 common shares of Sony Group at $23.83 each, leaving 43,899 shares owned.
Tanaka Kenji exercised options for 9,000 common shares of Sony at $8.08-$8.41; the corresponding 9,000 employee stock options were disposed of.
Director Robert A. Stringer sold a total of 545,547 common shares of Sony Group Corporation on August 5, 2026, at $22.49 per share, reducing his holdings to zero.
Ravi Ahuja converted 27,447 RSUs into 27,447 common shares, then sold 15,580 common shares at $22.71 each.
Sony CDO Kodera Tsuyoshi converted 37,055 RSUs into 37,055 common shares, then sold 17,100 common shares at $22.72 each.
Director Neil D. Hunt received a grant of 5,550 Restricted Stock Units in Sony Group Corporation on 2026-07-24, bringing his total holdings to 5,550 units. This was a compensation award, not an open-market purchase.
Ravi Ahuja (officer) was awarded 142,000 Restricted Stock Units in Sony on 2026-07-24 as compensation, not a purchase. After this grant, he owns 142,000 shares.
Director Hyodo Masayuki was granted 5,550 Restricted Stock Units of Sony Group on 2026-07-24, bringing his post-transaction ownership to 5,550 shares. This was a compensation award, not an open-market purchase.
Sony director Konomoto Shingo was awarded 5,550 Restricted Stock Units on 2026-07-24 as compensation, not an open-market purchase, bringing his total holdings to 5,550 shares.
Director Joseph A. Kraft Jr. was granted 5,550 restricted stock units of Sony Group Corporation, bringing his total holdings to 5,550 shares.
Filings
78 · Latest SEC filings2026-09-184Insider transaction report (Form 4)
Sony officer Ito Yasuhiro (Chief People Officer) sold 9,000 common shares at $24.29 on 2026-09-16, leaving 6,489 shares owned.
2026-09-154Insider transaction report (Form 4)
Sony officer Ito Yasuhiro exercised options on 9,000 shares of common stock at $8.35 per share, converting the same 9,000 employee stock options. After the transaction he held 15,489 common shares and 4,000 options.
2026-08-194Insider transaction report (Form 4)
Sashida Shinji exercised employee stock options, converting 7,000 options into 7,000 Sony common shares.
2026-08-194Insider transaction report (Form 4)
On 2026-08-17, officer Tanaka Kenji sold 20,000 common shares of Sony Group at $23.83 each, leaving 43,899 shares owned.
2026-08-174Insider transaction report (Form 4)
Tanaka Kenji exercised options for 9,000 common shares of Sony at $8.08-$8.41; the corresponding 9,000 employee stock options were disposed of.
2026-08-064Insider transaction report (Form 4)
Director Robert A. Stringer sold a total of 545,547 common shares of Sony Group Corporation on August 5, 2026, at $22.49 per share, reducing his holdings to zero.
2026-08-054Insider transaction report (Form 4)
Ravi Ahuja converted 27,447 RSUs into 27,447 common shares, then sold 15,580 common shares at $22.71 each.
2026-08-054Insider transaction report (Form 4)
Sony CDO Kodera Tsuyoshi converted 37,055 RSUs into 37,055 common shares, then sold 17,100 common shares at $22.72 each.
2026-07-284Insider transaction report (Form 4)
Jonathan J. Platt, an officer at Sony Group, was granted 71,000 Restricted Stock Units on 2026-07-24, bringing his RSU holdings to 71,000 shares. This was a compensation award, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Robert Adrian Stringer, officer at Sony Group, was granted 191,384 Restricted Stock Units on 2026-07-24 as compensation, bringing his post-transaction holdings to 191,384 units.
2026-07-284Insider transaction report (Form 4)
Sony CFO Imaizumi Lin received 86,440 restricted stock units via two award grants on 2026-07-24, at $0.00 per share. These are compensation awards, not open-market purchases.
2026-07-284Insider transaction report (Form 4)
Sony Group director William T. Morrow was awarded 5,550 Restricted Stock Units on 2026-07-24, bringing his total holdings to 5,550 shares. This was a compensation grant, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Tanaka Kenji, an officer at Sony Group, was granted 19,630 Restricted Stock Units on 2026-07-24, bringing their post-transaction ownership to 19,630 units.
2026-07-284Insider transaction report (Form 4)
Sony director Goto Yoriko was granted 5,550 Restricted Stock Units on 2026-07-24 as compensation, bringing her total holding to 5,550 units. This was an award, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Ito Yasuhiro, Chief People Officer of Sony Group, was granted a total of 54,660 Restricted Stock Units across two awards on 2026-07-24. These were compensation grants, not open-market purchases.
2026-07-284Insider transaction report (Form 4)
Sony Group officer Kodera Tsuyoshi received 70,080 restricted stock units in two award grants (A-Award) dated 2026-07-24, at $0.00 per unit. This is compensation, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Sony CEO Totoki Hiroki was awarded 402,930 Restricted Stock Units on 2026-07-24 across two grants, as compensation (not an open-market purchase).
2026-07-284Insider transaction report (Form 4)
Sashida Shinji, an officer at Sony Group Corporation, was awarded 40,300 Restricted Stock Units on 2026-07-24 as compensation, bringing their total holding to 40,300 shares.
2026-07-284Insider transaction report (Form 4)
Sony Group CSO Mitomo Toshimoto was granted 70,080 Restricted Stock Units on 2026-07-24, a compensation award rather than a purchase, bringing his holdings to 70,080 units.
2026-07-284Insider transaction report (Form 4)
Ravi Ahuja (officer) was awarded 142,000 Restricted Stock Units in Sony on 2026-07-24 as compensation, not a purchase. After this grant, he owns 142,000 shares.
2026-07-284Insider transaction report (Form 4)
Director Joseph A. Kraft Jr. was granted 5,550 restricted stock units of Sony Group Corporation, bringing his total holdings to 5,550 shares.
2026-07-284Insider transaction report (Form 4)
Director Neil D. Hunt received a grant of 5,550 Restricted Stock Units in Sony Group Corporation on 2026-07-24, bringing his total holdings to 5,550 units. This was a compensation award, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Director Hyodo Masayuki was granted 5,550 Restricted Stock Units of Sony Group on 2026-07-24, bringing his post-transaction ownership to 5,550 shares. This was a compensation award, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Sony director Wendy Becker was awarded 5,550 Restricted Stock Units on 2026-07-24, bringing her total holding to 5,550 shares. This was a grant, not an open-market purchase.
2026-07-284Insider transaction report (Form 4)
Sony director Denzel Nora was awarded 5,550 Restricted Stock Units on 2026-07-24 as compensation, bringing their total holding to 5,550 shares. This was a grant, not a market purchase.
2026-07-284Insider transaction report (Form 4)
Sony director Konomoto Shingo was awarded 5,550 Restricted Stock Units on 2026-07-24 as compensation, not an open-market purchase, bringing his total holdings to 5,550 shares.
2026-07-084Insider transaction report (Form 4)
Jonathan Jose Platt sold 16,512 shares of Sony Group common stock on the open market at $21.08 per share, leaving 83,326 shares owned afterward.
2026-07-084Insider transaction report (Form 4)
Ravi Ahuja sold 36,826 shares of Sony common stock at $21.08 per share, leaving 58,786 shares owned afterward.
2026-07-074Insider transaction report (Form 4)
Totoki Hiroki, President and CEO of Sony Group, sold 225,000 shares of common stock at $21.02 on 2026-07-03, leaving 173,250 shares owned afterward.
2026-07-074Insider transaction report (Form 4)
Sony CSO Mitomo Toshimoto sold 25,000 common shares at $21.02 on 2026-07-03, leaving 115,700 shares owned afterward.
2026-06-184Insider transaction report (Form 4)
Sony's Chief Digital Officer Kodera Tsuyoshi sold 51,000 common shares at $20.54 on 2026-06-17, leaving 27,553 shares owned afterward.
2026-06-164Insider transaction report (Form 4)
Chief Digital Officer Kodera Tsuyoshi exercised 51,000 employee stock options at $4.21 each, converting them into 51,000 common shares, leaving 0 options and 78,553 shares owned afterward.
2026-05-194Insider transaction report (Form 4)
Kenichiro Yoshida (director) sold 400,000 common shares of Sony Group at $22.61 each on 2026-05-18, leaving 661,615 shares owned afterward.
2026-05-194Insider transaction report (Form 4)
Sony CDO Kodera Tsuyoshi sold 17,500 common shares on 2026-05-18 at $22.61 per share, leaving 27,553 shares owned afterward.
2026-05-144Insider transaction report (Form 4)
Director Yoshida Kenichiro exercised employee stock options for 400,000 shares total (200,000 at $14.49, 200,000 at $16.47), converting the options into an equal number of common shares.
2026-05-144Insider transaction report (Form 4)
Kodera Tsuyoshi exercised employee stock options on 17,500 shares at $4.28, converting them into 17,500 common shares. He now owns 45,053 common shares.
2026-05-124Insider transaction report (Form 4)
Sony director Yoshida Kenichiro received a grant of 10,800 shares of Phantom Restricted Stock on 2026-05-11 as compensation, bringing his total holdings to 632,500 shares.
Transcripts
Earnings callsFY2026 Q42026-05-08
Earnings calls
AI summary
mixedSony achieved record high sales of JPY 12,796 billion and operating income of JPY 1,447.5 billion in FY2025, with strong performance across G&NS, Music, and I&SS segments. The company announced a strategic partnership with TSMC for next-generation image sensor development and emphasized AI as a tool to amplify human creativity across entertainment businesses. FY2026 guidance includes sales of JPY 12.3 trillion and operating income of JPY 1.6 trillion.
Key takeaways
- Record FY2025 performance: Sales up 4% to JPY 12,796B, operating income up 13% to JPY 1,447.5B, with G&NS, Music, and I&SS all achieving segment highs
- Strategic TSMC partnership: Sony and TSMC signed MOU to form JV for next-generation image sensor development and manufacturing in Kumamoto, Japan, as part of fab-light strategy to reduce CapEx burden
- AI positioned as creator amplifier: Company committed to human creativity as central to AI strategy across gaming, music production, film, and publishing, with investments exceeding $50M in Sony Pictures
- Entertainment focus: 67% of consolidated sales now from entertainment, IP, and creation technology; Crunchyroll reached 21M paid subscribers; PlayStation MAU hit record 125M
Financial highlights
- FY2025 continuing operations: Sales JPY 12,796B (+4% YoY), operating income JPY 1,447.5B (+13% YoY), net income JPY 1,039B (-3% YoY)
- FY2026 guidance: Sales JPY 12.3T, operating income JPY 1.6T, net income JPY 1.160T, operating cash flow JPY 1.500T
- G&NS FY2025: Sales JPY 4,685.7B (flat), operating income JPY 463.3B (+12%), excluding one-time items operating income up 45%
- Music FY2025: Sales JPY 2,120.1B (+15%), operating income JPY 447B (+25%); I&SS FY2025: Sales JPY 2,051.5B (+20%), operating income JPY 357.3B (+37%, record high)
Guidance
- FY2026 G&NS guidance: Sales JPY 4,420B, operating income JPY 600B; expects steady double-digit profit growth in current business excluding next-generation platform investments
- FY2026 I&SS guidance: Sales JPY 2,070B, operating income JPY 400B; cautious on sensor market growth, expecting slight YoY mobile sensor sales decrease due to memory costs and moderation in large-sensor trends
- Mid-range plan targets on track: Average annual consolidated operating income growth 16% (target 10%+), 3-year cumulative operating income margin 11.7% (target 10%+)
- Capital allocation: FY2026 share repurchase facility of JPY 500B; annual dividend raised from JPY 10 to JPY 35; revised 3-year cumulative operating cash flow forecast to JPY 5.7T from JPY 4.8T
Q&A themes
- Memory shortage impact management: Company has secured necessary memory volume for CY2026 at reasonable prices; expects memory prices to remain high in FY27; exploring hardware cost reductions and new business models without planned PS5 price increases
- TSMC JV strategic rationale: Transition from IDM to fab-light model addresses CapEx burden; TSMC partnership provides access to world-class semiconductor process technology; improves flexibility of capital allocation and cash flow; positions Sony as #1 sensor supplier for future AI and robotics demand
- Monetization of AI across businesses: Company exploring partnerships with multiple AI providers rather than single-player tie-ups to maintain flexibility; balancing protection of existing business models with capturing new opportunities; noting DSP/distribution platform learnings from past transitions
- Sony Honda Mobility wind-down: Comprehensive decision shared by three companies; environment for EVs changed significantly in North America; no additional damage claims planned; approximately JPY 44.9B loss recorded in FY25 Q4, JPY 30B additional loss expected in FY26
Risks
- Geopolitical uncertainty and tariff pressures: Unpredictable shifting tariff environment, Middle East unrest, and changing regulatory landscape present new challenges across markets, partnerships, and supply chains requiring flexible adaptation
- Memory shortage impact: Rising AI infrastructure demand driving memory cost increases affecting gaming, smartphones, and other products; company planning to manage through procurement, design, and sales actions but future memory price deviation could impact profitability and console pricing strategy
- AI content market disruption: Increased AI-generated content could lower barriers to entry and increase market fragmentation; concerns about potential disruption to traditional entertainment business models and user time competition, though management notes overall AI-generated music percentage remains low relative to catalogs
FY2026 Q32026-02-05
Earnings calls
AI summary
positiveSony reported FY2025 Q3 results with sales of JPY 3,713.7 billion (up 1%) and operating income of JPY 515 billion (up 22%), marking record third-quarter highs. The company raised full-year guidance for sales to JPY 12,300 billion, operating income to JPY 1,540 billion, and net income to JPY 1,130 billion. Three segments—G&NS, Music, and I&SS—delivered record operating income, demonstrating structural profit improvement.
Key takeaways
- Record Q3 operating income driven by PlayStation Store revenue reaching all-time high, music streaming growth of 5% (Recorded Music) and 13% (Music Publishing), and mobile image sensor sales expansion
- PlayStation ecosystem strengthened with 132 million monthly active users (up 2%) and 92+ million PS5 installed base; software and network services increasingly offsetting hardware challenges
- Sony acquiring 80% ownership of Peanuts IP for JPY 45 billion remeasurement gain, with strategic integration across SMEJ music and SPE production capabilities
- Establishing home entertainment joint venture with TCL (target close March 2026, effective April 2027) to leverage Sony's technology and brand with TCL's display and cost competitiveness
- Operating cash flow guidance raised 9% to JPY 1,630 billion; share buyback facility increased from JPY 100 billion to JPY 150 billion reflecting strong cash generation
Financial highlights
- FY2025 Q3: Sales JPY 3,713.7 billion (+1% YoY), Operating income JPY 515 billion (+22% YoY), Net income JPY 377.3 billion (+11% YoY)
- G&NS segment Q3 sales decreased 4% YoY but operating income increased 19%; full-year sales forecast raised 4% to JPY 4,630 billion, operating income 2% to JPY 510 billion
- Music segment Q3 sales increased 13% YoY, operating income increased 9% to record high (excluding onetime items); full-year sales forecast raised 4% to JPY 2,050 billion, operating income 16% to JPY 445 billion
- I&SS segment Q3 sales increased 21% YoY and operating income increased 35% (both record highs); full-year sales forecast raised 5% to JPY 2,080 billion, operating income 13% to JPY 350 billion
Guidance
- Full-year FY2025 sales raised to JPY 12,300 billion, operating income to JPY 1,540 billion, net income to JPY 1,130 billion; operating cash flow raised 9% to JPY 1,630 billion
- PlayStation Store software revenue expected to continue as major revenue driver; major first-party titles (Saros, Marvel's Wolverine) planned for next fiscal year alongside live service game Marathon releasing March 5
- Music streaming revenue projected to grow mid- to long-term at mid- to latter single-digit percentage rates driven by increased ARPU and user growth across DSPs
- I&SS mobile image sensor annual shipment forecast raised due to stable recent orders and receding supply chain concerns; memory market headwinds expected primarily in low-end smartphone segment
Q&A themes
- Marathon live service game delayed to March 5 after user feedback; live service strategy focuses on recurring revenue stability with selective AAA portfolio approach rather than volume accumulation
- Memory cost pressures acknowledged but manageable through flexible PS5 hardware sales strategy and software/network monetization prioritization; minimum supply secured through next fiscal year-end
- AI positioning as positive creative tool for game and animation production rather than threat; Sony emphasizes helping creators commercialize AI-assisted content rather than AI replacing creative work
- ET&S structural reform continuing with TCL partnership addressing portfolio optimization; no current smartphone external collaboration plans; I&SS low-margin business optimization includes JPY 20 billion onetime charge in Q4
Risks
- Memory supply costs and pricing volatility present ongoing profitability headwinds across G&NS and I&SS segments; market conditions uncertain despite current supply security through next fiscal year-end
- Stock market sentiment remains challenging despite strong fundamentals and earnings revisions, attributed to investor concerns about memory costs and capital migration to AI-focused sectors
- Console cycle maturity and PlayStation 5 hardware sales moderating as later-stage cycle approaches; reliance on software and network services revenue growth to offset hardware decline
FY2025 Q22025-11-20
Earnings calls
AI summary
positiveSony delivered strong Q2 FY2025 results with record highs in continuing operations sales and operating income, driven by music segment growth (up 21% sales, 28% operating income) largely from Demon Slayer theatrical success, and I&SS segment record results. The company raised full-year guidance: sales to ¥12 trillion (+3%), operating income to ¥1,430 billion (+8%), and net income to ¥150 billion (+8%), while reducing expected tariff impact from ¥70 billion to ¥50 billion.
Key takeaways
- Music segment achieved record Q2 results with 21% sales growth and 28% operating income growth, driven primarily by Demon Slayer box office revenue exceeding ¥94.8 billion (77.53M viewers globally) and streaming revenue increases of 12% in recorded music and 25% in music publishing
- G&NS segment recorded ¥49.8 billion in nonrecurring impairment losses on intangible assets and development cost corrections; excluding these items, operating income would have increased 23%; Helldivers 2 performing exceptionally well, Ghost of Yotei surpassed 3.3M units sold
- I&SS segment posted record Q2 sales and operating income (+15% and +50% respectively) on higher mobile sensor unit prices from larger sensors and increased shipment volumes; full-year forecast raised 2% to ¥1,990 billion sales and 11% to ¥310 billion operating income
- PlayStation 5 monthly active users reached 119 million (+3% YoY) with 1% increase in play time; company targets 150 million PS5 units sold for full year and plans to expand installed base during year-end season
- Tariff impact reduced from ¥70 billion to ¥50 billion; I&SS segment excluded from tariff impact based on final product market conditions and customer orders, while G&NS and ET&S segments absorb ¥30 billion and ¥20 billion impacts respectively
Financial highlights
- Q2 FY2025 sales: ¥3,107.9 billion (+5% YoY), operating income: ¥429 billion (+10% YoY), net income: ¥311.4 billion (+7% YoY)
- Full-year FY2025 guidance: Sales ¥12 trillion (+3%), operating income ¥1,430 billion (+8%), net income ¥150 billion (+8%), operating cash flow ¥1.5 billion (+18%)
- Music segment Q2: Sales increased 21% YoY to record high, operating income increased 28% YoY to record high; upward revision of full-year sales 6% to ¥1,980 billion and operating income 7% to ¥385 billion
- Demon Slayer box office: ¥94.8 billion total revenue with 77.53 million viewers worldwide; contributed approximately 50% of Music segment upside impact alongside Kokuho
Guidance
- G&NS segment full-year sales forecast raised 3% to ¥4,470 billion; operating income forecast unchanged at ¥500 billion despite ¥30 billion tariff impact, offset by positive FX impact
- ET&S segment full-year sales forecast slightly increased to ¥2,300 billion; operating income forecast decreased 11% to ¥160 billion reflecting ¥20 billion tariff impact
- I&SS segment expects fiscal year sales to increase 11% from previous fiscal year; planning to assess potential upward revision during Q3 ending December 31, 2025
- Marathon live service game planned for launch within FY2025 with 80,000-person technical test completed October 22-28; Spider-Man: Brand New Day and next Jumanji productions begun, scheduled for release next fiscal year
Q&A themes
- Marathon live service launch on track for FY2025 with technical testing completed; gameplay and retention KPIs being analyzed with corrections made as needed
- Network service revenue grew 35% YoY in dollar terms, driven by price increases (¥1 and ¥2 tier increases from 2 years ago), higher subscriber counts, and increased shift to higher-tier products (Tier 2 and Tier 3)
- Bungie impairment loss reflects Destiny 2 underperformance versus acquisition expectations; remaining intangible assets at risk if Marathon launch or Destiny 2 performance disappoints, but no goodwill impairment expected
- I&SS segment saw customer purchases brought forward in first half due to U.S. tariffs; third quarter will continue full capacity wafer imports with opportunistic upside if market conditions improve; strategic inventory accumulation possible for next fiscal year
Risks
- U.S. economic uncertainty in latter half of FY2025 with signs of slowdown, rising inflation, declining job availability, and lack of transparency due to government service closure; company operating cautiously
- Tariff environment remains uncertain despite ¥20 billion reduction; supply chain visibility limited regarding geopolitical shifts and potential impacts on production costs, particularly for U.S. and Chinese markets
- G&NS segment faces live service execution risks with Marathon launch timing critical to meeting guidance; TV and smartphone markets facing severe operating environment with demand slowdown in China and U.S. partially offsetting Asia strength
FY2025 Q12025-08-07
Earnings calls
AI summary
positiveSony reported FY2025 Q1 continuing operations sales of JPY 2,621.6 billion (up 2%) and operating income of JPY 340 billion (up 36%), both first-quarter records. The company raised FY2025 operating income guidance by 4% to JPY 1,330 billion and net income by 4% to JPY 970 billion, driven by strong performance in Games & Network Services and Music segments. Tariff impact estimate was reduced from JPY 100 billion to JPY 70 billion based on tariff rates announced August 1.
Key takeaways
- G&NS segment achieved record Q1 operating income of JPY 148 billion (up 2.3x), with PlayStation monthly active users at 123 million (up 6%) and operating margin expansion from network services and third-party software
- Music segment sales up 5% to JPY 465.3 billion with streaming revenue growth of 7-8% in recorded music and publishing; forecast raised to JPY 1,870 billion sales
- Tariff impact reduced by JPY 30 billion to JPY 70 billion estimate for FY2025 due to completed production diversification outside China and lower-than-expected tariff rates; no tariff impact recorded in Q1
- Sony Financial Group (scheduled for September 29 listing) achieved consolidated ESR of 184% and Sony Life ESR of 163% after accelerating bond sales; adjusted net income guidance reduced 9% to JPY 98 billion due to revised interest rate assumptions
Financial highlights
- Q1 continuing operations: Sales JPY 2,621.6 billion (up 2%), operating income JPY 340 billion (up 36%), net income JPY 259 billion (up 23%)
- G&NS Q1: Sales JPY 936.5 billion (up 8%), operating income JPY 148 billion; FY2025 forecast raised to JPY 4,320 billion sales and JPY 500 billion operating income
- Music Q1: Sales JPY 465.3 billion (up 5%), operating income JPY 92.8 billion (up 8%); Streaming revenue up 7% in Recorded Music and 8% in Publishing on dollar basis
- Operating cash flow forecast raised 2% to JPY 1,270 billion; Demon Slayer film generated JPY 17.6 billion box office revenue in Japan with 12.55 million attendees as of August 3
Guidance
- FY2025 sales forecast unchanged at JPY 11,700 billion; operating income raised 4% to JPY 1,330 billion; net income raised 4% to JPY 970 billion
- Tariff impact estimated at JPY 70 billion for FY2025 (down JPY 30 billion from previous estimate); expected to increase from Q2 onwards as production shifts near completion
- G&NS FY2025: Sales forecast JPY 4,320 billion, operating income JPY 500 billion; Content and Service revenue expected to grow approximately 50% on dollar basis versus FY2019 baseline
- Sony Financial Group FY2025: Income before taxes guidance unchanged at JPY 60 billion; adjusted net income guidance reduced 9% to JPY 98 billion; share repurchase facility of JPY 100 billion approved for September 29 - August 8 period
Q&A themes
- Tariff mitigation completed: Production diversification substantially finished by end of Q1, peripherals moving outside China by end of H1; G&NS, ET&S, I&SS each face JPY 20-30 billion tariff impact in Q2 onwards
- Gaming live service strategy intact despite Marathon postponement: Five-year transformation showing 40% of Q1 first-party revenue from live service titles (MLB The Show, Destiny 2, Helldivers 2); recognized execution challenges but long-term trajectory positive
- U.S. economy showing resilience but slowdown: Q2 GDP 3% growth with weakening personal consumption versus prior year; hardware sales more exposed to tariffs while entertainment businesses resilient
- Bandai Namco partnership deepening: Immediate opportunities identified in IP community building with timeline for some results within 1 year; longer-term focus on experiential entertainment combining Bandai Namco venues with Sony technology
Risks
- U.S. tariff uncertainty remains: While August 1 tariff rates used for guidance, officials noted fluid situation with product-specific tariffs still uncertain; potential semiconductor tariffs (100% rates mentioned) could significantly impact I&SS segment despite limited direct U.S. exports
- Marathon quality delays and live service execution risk: Two major live service title postponements (Concord last year, Marathon this year) indicate execution challenges; Marathon factored into full-year guidance but cancellation would trigger valuation revision
- Sony Life interest rate sensitivity: Rising rates increased mass cancellation risk; ESR improvement offset by downward forecast revision (-9% adjusted net income) reflecting revised 2.7% to 3.3% long-term interest rate assumption
FY2024 Q42025-05-14
Earnings calls
FY2024 Q32025-02-13
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 12, 2026, 11:34 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Consumer Electronics
- Chief executive
- Hiroki Totoki
- Employees
- 94,900
- IPO date
- Dec 1, 1958
- Country
- JP
- Exchange
- New York Stock Exchange
Altman Z-scorei3.74
Piotroski scorei7/9
Overall ratingiB-
Owner earningsi¥369.7B¥62.9 per share
ESG risk ratingiB+Industry rank: 2/6
Rating factors
- Return on equityi
- 1/5
- Return on assetsi
- 1/5
- Debt to equityi
- 3/5
- Price to earningsi
- 1/5
- Price to booki
- 3/5
Company press releases
Estée Lauder at NYSE for Breast Cancer Awareness Month: NYSE Content UpdatePRNewsWireSony Pictures' Spider-Man: Brand New Day to Expand in IMAX® Across North America Beginning August 6Business WireSEAWORLD TO BRING HORROR FRANCHISE "I KNOW WHAT YOU DID LAST SUMMER" TO HOWL-O-SCREAM THIS FALLPRNewsWireMitsubishi Electric and Sony Semiconductor Solutions Agree to Establish a Joint Venture to Build AI Vision Sensor Solutions for Manufacturing ApplicationsBusiness WireCJ 4DPLEX ANNOUNCES SONY PICTURES' 'SPIDER-MAN: BRAND NEW DAY' SHOT FOR SCREENXPRNewsWireSony Electronics' Professional Display Solutions Announces Winners of Annual Sony AV Partner AwardsPRNewsWire
Congressional disclosures
Senate
House
Stephen CohenPurchase · $1,001 - $15,000Disclosed: Feb 10, 2026Steve CohenPurchase · $1,001 - $15,000Disclosed: Feb 10, 2026Lisa C. McClainSale (Full) · $1,001 - $15,000Disclosed: Nov 24, 2025Lisa C. McClainPurchase · $1,001 - $15,000Disclosed: Nov 24, 2025Lisa C. McClainSale (Full) · $1,001 - $15,000Disclosed: Nov 24, 2025
Market cap history
$157.34B+13.4%Aug 2026 – Nov 2026
Latest: $157.34B · 2026-11-12High: $158.25B · 2026-11-09Low: $137.46B · 2026-09-28
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VPMAX | 0.94% | 36.6M |
| VWNAX | 0.51% | 14.4M |
| VHCAX | 0.42% | 5.6M |
| VPCCX | 0.71% | 5M |
| WCMI | 3.6% | 2.8M |
| AVDE | 0.29% | 2.1M |
| BFLX | 0.8% | 624K |
| AVIV | 0.63% | 472K |
| BDYN | 0.17% | 194K |
| APIE | 0.45% | 183.1K |
| DFAX | 0.03% | 151.2K |
| PID | 0.41% | 132.2K |
Analyst track record
How the analysts covering SONY have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 10 | 36 |
| Analysts | 4 | 9 |
| Buy / hold / sell | 8 / 2 / 0 | 33 / 3 / 0 |
| Upgrades / downgrades / initiations | 0 / 1 / 0 | 1 / 2 / 0 |
| Price targets hit / missed | 2 / 6 (25%) | 16 / 14 (53%) |
| Avg. return after a rating (TipRanks) | -5.7% | +4.6% |
| Best / worst call | +21.2% / -21.6% | +28.2% / -21.6% |
After buy calls on this stock: median 21-day move +1.2% vs S&P 500 +1.1% (n = 33)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Doug CreutzTD Cowen82% hit rate on this stock · 11 targets measuredBuyno targetJul 22, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 6, 2026 | Mikio HirakawaBank of America SecuritiesNov 6, 2026 | BuyReiterated | $32.22↗ | article ↗ |
| Jul 22, 2026 | Doug CreutzTD CowenJul 22, 2026 | BuyMaintained | –↗ | article ↗ |
| Jun 9, 2026 | Ian S. MooreBernsteinJun 9, 2026 | HoldMaintained | $22.00↗ | article ↗ |
| May 11, 2026 | Doug CreutzTD CowenMay 11, 2026 | BuyReiterated | $29.00↗ | article ↗ |
| May 10, 2026 | Mikio HirakawaBank of America SecuritiesMay 10, 2026 | BuyMaintained | $34.00↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 10 ratings
Frequently asked questions
Where can I trade SONY perpetual futures?
Sony Group Corporation (SONY) perpetual futures trade on 15 crypto venues, including Deepcoin, Binance, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.
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Right now the SONY perp funding rate is 0.0% annualized (venue median), ranging from -5.5% to +44.8% across 15 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
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The venue-median SONY perp mark is $27.3 versus a reference stock price of $27.3, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
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A SONY perpetual is a derivative that tracks the price of Sony Group Corporation with no expiry date. It lets you take long or short exposure to Sony Group Corporation on crypto venues, around the clock.
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