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1、Consolidated Financial Summary for the First Quarter Ended June 30,2024(In accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board(“IFRS Accounting Standards”)August 7,2024Company name:Sony Group CorporationStock exchange listing:Tokyo Stock Exchange(“TSE”

2、)Securities code:6758URL:https:/ Yoshida,Representative Corporate Executive OfficerContact person:Sadahiko Hayakawa,Senior Vice PresidentTelephone:+81-3-6748-2111Scheduled date to commence dividend payment:-Preparation of supplementary materials on financial results:YesHolding of financial results b

3、riefing:Yes(for investors and analysts)(Amounts are rounded to the nearest million yen,unless otherwise noted.)(1)Consolidated operating results(cumulative)(Percentages indicate year-on-year changes.)ConsolidatedSales and financial services revenueOperating incomeIncome before income taxesNet income

4、Net income attributable to Sony Group Corporations stockholdersThree months endedYen in millions%Yen in millions%Yen in millions%Yen in millions%Yen in millions%June 30,20243,011,6491.6279,10610.3316,86714.8235,8288.2231,6386.5June 30,20232,963,65232.9253,042-30.6276,034-21.0217,942-16.6217,545-16.7

5、ConsolidatedTotal comprehensive incomeAdjusted OIBDA*Adjusted EBITDA*Basic earningsper shareDiluted earningsper shareThree months endedYen in millions%Yen in millions%Yen in millions%YenYenJune 30,2024377,881-15.2454,68214.8461,25613.5189.90189.43June 30,2023445,4590.5396,122-19.0406,221-18.2176.261

6、75.67For all segments excluding Financial Services*Sales and financial services revenueOperating incomeIncome beforeincome taxesNet income attributable to Sony Group Corporations stockholdersAdjusted OIBDA*Adjusted EBITDA*Three months endedYen in millions%Yen in millions%Yen in millions%Yen in milli

7、ons%Yen in millions%Yen in millions%June 30,20242,567,43612.3249,12425.5286,8855.6210,025-8.3417,87024.9424,4447.5June 30,20232,285,78913.3198,531-12.0271,5598.0229,12613.0334,696-2.5394,8310.6Total assetsTotal equityEquity attributable to Sony Group Corporations stockholdersRatio of equity attribut

8、able to Sony Group Corporations stockholders to total assetsAs ofYen in millionsYen in millionsYen in millions%June 30,202434,677,8098,148,9597,857,45222.7March 31,202434,107,4907,756,1057,587,17722.21.Consolidated financial results for the three months ended June 30,2024(from April 1,2024 to June 3

9、0,2024)(2)Consolidated financial positionAnnual dividends per shareFirst quarter-endSecond quarter-endThird quarter-endYear-endTotalYenYenYenYenYenFiscal year endedMarch 31,2024-40.00-45.0085.00Fiscal year endingMarch 31,2025-Fiscal year endingMarch 31,2025(Forecast)*150.00-10.00-(Percentages indica

10、te year-on-year changes.)Fiscal year ending March 31,2025Sales and financial services revenueOperating incomeIncome before income taxesNet income attributable to Sony Group Corporations stockholdersAdjusted OIBDA*Adjusted EBITDA*Yen in millions%Yen in millions%Yen in millions%Yen in millions%Yen in

11、millions%Yen in millions%Consolidated12,610,000-3.21,310,0008.41,335,0005.2980,0001.01,990,0009.01,990,0009.5For all segments excluding Financial Services*11,700,0003.91,165,00012.51,190,0003.9875,000-2.41,820,00010.71,820,0007.92.DividendsNote:Revisions to the forecast of dividends most recently an

12、nounced:No*1 Sony Group Corporation decided at the Board of Directors meeting held on May 14,2024 to conduct a stock split,scheduled to be effective on October 1,2024 with a record date of September 30,2024.Each share of Sony Group Corporations common stock will be split into five(5)shares per share

13、.The above year-end dividend per share forecast for the fiscal year ending March 31,2025 is based on a number of shares taking into account the stock split.The total annual dividend per share forecast for the fiscal year ending March 31,2025 is not presented because the total of the interim dividend

14、 and the year-end dividend cannot be calculated due to the effect of the stock split.Without taking the stock split into account,the year-end dividend per share forecast for the fiscal year ending March 31,2025 would be 50 yen and the total annual dividend per share forecast for the fiscal year endi

15、ng March 31,2025 would be 100 yen.3.Forecast for Consolidated Results for the Fiscal Year Ending March 31,2025(from April 1,2024 to March 31,2025)Note:Revisions to the forecast for the fiscal year ending March 31,2025 most recently announced:Yes*Adjusted OIBDA(Operating Income Before Depreciation an

16、d Amortization),Adjusted EBITDA(Earnings Before Interest,Taxes,Depreciation and Amortization)and figures for all segments excluding Financial Services are not measures in accordance with IFRS Accounting Standards.However,Sony Group Corporation believes that these disclosures may be useful informatio

17、n to investors.Adjusted OIBDA and Adjusted EBITDA are calculated by the following formulas,respectively.For the reconciliations for Adjusted OIBDA and Adjusted EBITDA,please refer to“Q1 FY2024 Consolidated Financial Results”(the presentation material for the earnings announcement)disclosed on the sa

18、me date as this document on the Timely Disclosure Network(“TDnet”)of the TSE,the Electronic Data Gathering,Analysis,and Retrieval(“EDGAR”)system of the U.S.Securities and Exchange Commission(“SEC”)and the website of Sony Group Corporation.Adjusted OIBDA=Operating income+Depreciation and amortization

19、 expense excluding amortization for film costs and broadcasting rights,as well as for internally developed game content and master recordings included in Content assets-the profit and loss amount that Sony deems non-recurring.Adjusted EBITDA=Net income attributable to Sony Group Corporations stockho

20、lders+Net income attributable to noncontrolling interests+Income taxes+Interest expenses,net,recorded in Financial income and Financial expense-Gain on revaluation of equity instruments,net,recorded in Financial income and Financial expense+Depreciation and amortization expense excluding amortizatio

21、n for film costs and broadcasting rights,as well as for internally developed game content and master recordings included in Content assets-the profit and loss amount that Sony deems non-recurring.For details about the preparation of the Financial Statements for all segments excluding Financial Servi

22、ces,please refer to page 12 of the Appendix.As of June 30,20241,248,619,589 sharesAs of March 31,20241,261,231,889 sharesAs of June 30,202430,868,630 sharesAs of March 31,202439,783,003 sharesThree months ended June 30,20241,219,769,683 sharesThree months ended June 30,20231,234,242,212 shares*Notes

23、(1)Significant changes in scope of consolidation during the period :No(2)Changes in accounting policies and changes in accounting estimates:(i)Changes in accounting policies required by IFRS Accounting Standards:Yes(ii)Changes in accounting policies due to other reasons :No(iii)Changes in accounting

24、 estimates :No(3)Number of issued shares(common stock):(i)Total number of issued shares at the end of the period(including treasury stock)(ii)Number of shares of treasury stock at the end of the period(iii)Average number of shares outstanding during the period(cumulative from the beginning of the fi

25、scal year)Note:Please refer to“Notes to Condensed Quarterly Consolidated Financial Statements-Accounting Policy and Other Information(Net Income Attributable to Sony Group Corporations Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)”for

26、 number of shares used as basis for calculating consolidated per share data.*Review of the attached condensed quarterly consolidated financial statements by certified public accountants or an audit firm:No*Proper use of earnings forecasts,and other special matters:Please refer to“Cautionary Statemen

27、t”on page 17 of the Appendix for assumptions and other matters related to the forecast of financial results.Supplementary materials on financial results including the presentation material for the earnings announcement are available on Sony Group Corporations website along with this document.Condens

28、ed Quarterly Consolidated Financial Statements(Unaudited)2Condensed Quarterly Consolidated Statements of Financial Position2Condensed Quarterly Consolidated Statements of Income(Three months ended June 30)4Condensed Quarterly Consolidated Statements of Comprehensive Income(Three months ended June 30

29、)5Condensed Quarterly Consolidated Statements of Changes in Stockholders Equity(Three months ended June 30)6Condensed Quarterly Consolidated Statements of Cash Flows(Three months ended June 30)7Notes to Condensed Quarterly Consolidated Financial Statements9-Business Segment Information9-Going Concer

30、n Assumption15-Accounting Policy and Other Information15Overview of Operating Results17Cautionary Statement17(Appendix)Table of Contents for AppendixAll financial information is presented on the basis of IFRS Accounting Standards.Sony Group Corporation and its consolidated subsidiaries are together

31、referred to as“Sony”or“Sony Group.”-1-Yen in millionsMarch 31,2024June 30,2024Change fromMarch 31,2024ASSETSCurrent assets:Cash and cash equivalents1,907,1131,477,098(430,015)Investments and advances in the Financial Services segment398,153412,27514,122Trade and other receivables,and contract assets

32、2,158,1962,080,143(78,053)Inventories1,518,6441,692,709174,065Other financial assets125,365127,6562,291Other current assets669,335765,85696,521Total current assets6,776,8066,555,737(221,069)Non-current assets:Investments accounted for using the equity method423,744429,1285,384Investments and advance

33、s in the Financial Services segment18,939,79418,959,27219,478Property,plant and equipment1,522,6401,596,69074,050Right-of-use assets503,395576,71073,315Goodwill1,487,1001,583,08895,988Content assets1,928,1132,317,397389,284Other intangible assets615,602663,73148,129Deferred tax assets499,550507,9718

34、,421Other financial assets897,341945,58748,246Other non-current assets513,405542,49829,093Total non-current assets27,330,68428,122,072791,388Total assets34,107,49034,677,809570,319(Unaudited)Condensed Quarterly Consolidated Financial StatementsCondensed Quarterly Consolidated Statements of Financial

35、 Position(Continued on the following page.)-2-Yen in millionsMarch 31,2024June 30,2024Change fromMarch 31,2024LIABILITIESCurrent liabilities:Short-term borrowings1,812,6051,823,41910,814Current portion of long-term debt217,711214,847(2,864)Trade and other payables2,064,9052,252,860187,955Deposits fr

36、om customers in the banking business3,670,5673,690,95820,391Income taxes payables152,07491,243(60,831)Participation and residual liabilities in the Pictures segment251,743264,04912,306Other financial liabilities116,044130,32114,277Other current liabilities1,906,3961,899,211(7,185)Total current liabi

37、lities10,192,04510,366,908174,863Non-current liabilities:Long-term debt2,058,1172,134,84476,727Defined benefit liabilities247,583252,3544,771Deferred tax liabilities166,424179,81713,393Insurance contract liabilities12,931,99512,776,766(155,229)Participation and residual liabilities in the Pictures s

38、egment206,081220,84214,761Other financial liabilities386,761415,20828,447Other non-current liabilities162,379182,11119,732Total non-current liabilities16,159,34016,161,9422,602Total liabilities26,351,38526,528,850177,465EQUITYSony Group Corporations stockholders equity:Common stock881,357881,357-Add

39、itional paid-in capital1,483,4101,484,4491,039Retained earnings6,002,4076,025,36222,955Accumulated other comprehensive income(376,063)(209,524)166,539Treasury stock,at cost(403,934)(324,192)79,742Equity attributable to Sony Group Corporations stockholders7,587,1777,857,452270,275Noncontrolling inter

40、ests168,928291,507122,579Total equity7,756,1058,148,959392,854Total liabilities and equity34,107,49034,677,809570,319Condensed Quarterly Consolidated Statements of Financial Position(Continued)-3-Yen in millionsThree months ended June 3020232024ChangeSales and financial services revenue:Sales2,284,5

41、432,565,361280,818Financial services revenue Insurance revenue142,750152,91210,162 Other financial services revenue536,359293,376(242,983)Total financial services revenue679,109446,288(232,821)Total sales and financial services revenue2,963,6523,011,64947,997Costs and expenses:Cost of sales1,624,510

42、1,784,389159,879Selling,general and administrative474,939543,41468,475Financial services expenses Insurance service expenses97,366110,81313,447 Insurance finance expenses(income)489,352261,480(227,872)Other financial services expenses37,82543,9616,136 Total financial services expenses624,543416,254(

43、208,289)Other operating(income)expense,net(8,742)(9,820)(1,078)Total costs and expenses2,715,2502,734,23718,987Share of profit(loss)of investments accounted for using the equity method4,6401,694(2,946)Operating income253,042279,10626,064Financial income31,91253,23021,318Financial expenses8,92015,469

44、6,549Income before income taxes276,034316,86740,833Income taxes58,09281,03922,947Net income217,942235,82817,886Net income attributable toSony Group Corporations stockholders217,545231,63814,093Noncontrolling interests3974,1903,793YenThree months ended June 3020232024ChangePer share data:Net income a

45、ttributable to Sony Group Corporations stockholders -Basic176.26189.9013.64 -Diluted175.67189.4313.76Condensed Quarterly Consolidated Statements of Income-4-Yen in millionsThree months ended June 3020232024Change Net income217,942235,82817,886 Other comprehensive income,net of tax-Items that will no

46、t be reclassified to profit or lossChanges in equity instruments measured at fair value through other comprehensive income(6,917)(15,062)(8,145)Remeasurement of defined benefit pension plans(425)(787)(362)Share of other comprehensive income of investments accounted for using the equity method139(1,1

47、40)(1,279)Items that may be reclassified subsequently to profit or lossChanges in debt instruments measured at fair value through other comprehensive income(72,542)(432,256)(359,714)Cash flow hedges(2,230)(2,277)(47)Insurance finance income(expenses)20,517350,402329,885Exchange differences on transl

48、ating foreign operations285,771239,701(46,070)Share of other comprehensive income of investments accounted for using the equity method3,1503,811661Other54(339)(393)Total other comprehensive income,net of tax227,517142,053(85,464)Comprehensive income445,459377,881(67,578)Comprehensive income attribut

49、able to Sony Group Corporations stockholders443,428372,839(70,589)Noncontrolling interests2,0315,0423,011Condensed Quarterly Consolidated Statements of Comprehensive Income-5-Yen in millionsCommonstockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensiveincomeTreasurystock,atcostSony

50、 GroupCorporationsstockholdersequityNoncontrollinginterestsTotal equityBalance at April 1,2023880,3651,463,8075,092,442(614,570)(223,507)6,598,53758,6136,657,150Comprehensive income:Net income217,545217,545397217,942Other comprehensive income,net of tax225,883225,8831,634227,517Total comprehensive i

51、ncome217,545225,883443,4282,031445,459Transfer to retained earnings1,152(1,152)-Transactions with stockholders and other:Exercise of stock acquisition rights(1)(144)4,6004,4554,455Stock-based compensation3,1273,1273,127Dividends declared(49,380)(49,380)(1,604)(50,984)Purchase of treasury stock(10,15

52、0)(10,150)(10,150)Reissuance of treasury stock1233Transactions with noncontrolling interests shareholders and other12,96812,96816,55029,518Balance at June 30,2023880,3651,479,9025,261,615(389,839)(229,055)7,002,98875,5907,078,578Yen in millionsCommonstockAdditionalpaid-incapitalRetainedearningsAccum

53、ulatedothercomprehensiveincomeTreasurystock,atcostSony GroupCorporationsstockholdersequityNoncontrollinginterestsTotal equityBalance at April 1,2024881,3571,483,4106,002,407(376,063)(403,934)7,587,177168,9287,756,105Comprehensive income:Net income231,638231,6384,190235,828Other comprehensive income,

54、net of tax141,201141,201852142,053Total comprehensive income231,638141,201372,8395,042377,881Transfer to retained earnings(25,338)25,338-Transactions with stockholders and other:Exercise of stock acquisition rights and other(1)(642)2,4171,7741,774Stock-based compensation5,5045,5045,504Dividends decl

55、ared(54,965)(54,965)(2,076)(57,041)Purchase of treasury stock(51,255)(51,255)(51,255)Reissuance of treasury stock1344Cancellation of treasury stock(839)(127,738)128,577-Transactions with noncontrolling interests shareholders and other(3,626)(3,626)119,613115,987Balance at June 30,2024881,3571,484,44

56、96,025,362(209,524)(324,192)7,857,452291,5078,148,959Condensed Quarterly Consolidated Statements of Changes in Stockholders Equity-6-Yen in millionsThree months ended June 3020232024Cash flows from operating activities:Income before income taxes276,034316,867 Adjustments to reconcile income before i

57、ncome taxes to net cash used in operating activities:Depreciation and amortization,including amortization of contract costs251,767268,504 Other operating(income)expense,net(8,742)(9,820)Gain on securities,net(other than Financial Services segment)(14,189)(31,406)Share of loss of investments accounte

58、d for using the equity method,net of dividends2,2755,122 Changes in assets and liabilities:(Increase)decrease in trade receivables and contract assets(11,342)165,792Increase in inventories(283,152)(123,840)Increase in investments and advances in the Financial Services segment(560,038)(633,041)Increa

59、se in content assets(137,465)(257,588)Increase in trade payables174,512132,780Increase in insurance contract liabilities,net of insurance contract assets561,732341,752Increase in deposits from customers in the banking business144,11935,540Decrease in borrowings in the life insurance business and the

60、 banking business(54,691)(41,126)Increase(decrease)in taxes payable other than income taxes,net20,014(3,893)Increase in other financial assets and other current assets(34,283)(41,010)Decrease in other financial liabilities and other current liabilities(130,303)(113,984)Income taxes paid(121,147)(109

61、,918)Other(87,770)(27,016)Net cash used in operating activities(12,669)(126,285)Condensed Quarterly Consolidated Statements of Cash Flows(Continued on the following page.)-7-Yen in millionsThree months ended June 3020232024 Cash flows from investing activities:Payments for property,plant and equipme

62、nt and other intangible assets(130,501)(211,780)Proceeds from sales of property,plant and equipment and other intangible assets6,2355,619Payments for investments and advances(other than Financial Services segment)(21,319)(15,747)Proceeds from sales or return of investments and collections of advance

63、s (other than Financial Services segment)4,41030,896Payments for purchases of businesses and other(59,480)(169,794)Proceeds from sales of businesses-1,609Other2,00875Net cash used in investing activities(198,647)(359,122)Cash flows from financing activities:Increase in short-term borrowings,net294,0

64、3924,983Proceeds from issuance of long-term debt5,5996,276Payments of long-term debt(28,414)(30,091)Dividends paid(48,955)(54,451)Payments for purchases of treasury stock(10,150)(51,255)Capital contribution from non-controlling interests-109,527Other1,748(3,457)Net cash provided by financing activit

65、ies213,8671,532 Effect of exchange rate changes on cash and cash equivalents48,64853,860 Net increase(decrease)in cash and cash equivalents51,199(430,015)Cash and cash equivalents at beginning of the fiscal year1,480,9001,907,113 Cash and cash equivalents at end of the period1,532,0991,477,098Conden

66、sed Quarterly Consolidated Statements of Cash Flows(Continued)-8-Yen in millionsThree months ended June 3020232024ChangeSales and financial services revenue:Game&Network Services-Customers755,003844,28889,285Intersegment16,87720,6233,746Total771,880864,91193,031Music-Customers355,756435,72679,970Int

67、ersegment2,4736,2963,823Total358,229442,02283,793Pictures-Customers320,178336,55616,378Intersegment188790602Total320,366337,34616,980Entertainment,Technology&Services-Customers563,292594,17930,887Intersegment8,4916,736(1,755)Total571,783600,91529,132Imaging&Sensing Solutions-Customers270,476333,3086

68、2,832Intersegment22,26420,172(2,092)Total292,740353,48060,740Financial Services-Customers679,109446,288(232,821)Intersegment2,3022,3075Total681,411448,595(232,816)All Other-Customers16,40218,9332,531Intersegment3,0912,157(934)Total19,49321,0901,597Corporate and elimination(52,250)(56,710)(4,460)Cons

69、olidated total2,963,6523,011,64947,997Notes to Condensed Quarterly Consolidated Financial StatementsBusiness Segment Information(Business Segments)Segment sales and financial services revenueGame&Network Services(“G&NS”)intersegment amounts primarily consist of transactions with the Entertainment,Te

70、chnology&Services(“ET&S”)segment.ET&S intersegment amounts primarily consist of transactions with the G&NS segment.Imaging&Sensing Solutions(“I&SS”)intersegment amounts primarily consist of transactions with the G&NS segment and the ET&S segment.Corporate and elimination includes certain brand and p

71、atent royalty income.-9-Yen in millionsThree months ended June 3020232024ChangeOperating income(loss):Game&Network Services49,16065,20916,049Music73,38085,89312,513Pictures15,97111,308(4,663)Entertainment,Technology&Services55,64664,0838,437Imaging&Sensing Solutions12,73136,64723,916Financial Servic

72、es54,51429,985(24,529)All Other2,4751,275(1,200)Total263,877294,40030,523Corporate and elimination(10,835)(15,294)(4,459)Consolidated operating income253,042279,10626,064Segment profit(loss)Operating income(loss)is sales and financial services revenue less costs and expenses,and includes the share o

73、f profit(loss)of investments accounted for using the equity method.-10-Yen in millionsThree months ended June 30Sales and financial services revenue:20232024ChangeGame&Network ServicesDigital Software and Add-on Content365,346432,75267,406Network Services124,499159,34634,847Hardware and Others265,15

74、8252,190(12,968)Total755,003844,28889,285MusicRecorded Music-Streaming164,887196,66331,776Recorded Music-Others72,885102,61629,731Music Publishing75,13996,67621,537Visual Media and Platform42,84539,771(3,074)Total355,756435,72679,970PicturesMotion Pictures125,504133,0347,530Television Productions104

75、,23194,285(9,946)Media Networks90,443109,23718,794Total320,178336,55616,378Entertainment,Technology&ServicesTelevisions135,982129,124(6,858)Audio and Video89,14997,3218,172Still and Video Cameras161,874192,45330,579Mobile Communications87,36281,041(6,321)Other88,92594,2405,315Total563,292594,17930,8

76、87Imaging&Sensing Solutions270,476333,30862,832Financial Services679,109446,288(232,821)All Other16,40218,9332,531Corporate3,4362,371(1,065)Consolidated total2,963,6523,011,64947,997(Sales to Customers by Product Category)The following table is a breakdown of sales and financial services revenue to

77、external customers by product category for each segment.Sony management views each segment as a single operating segment.In the G&NS segment,Digital Software and Add-on Content includes distribution of software titles and add-on content through the network;Network Services includes network services

78、relating to game,video and music content;Hardware and Others includes home gaming consoles,packaged software,game software sold bundled with home gaming consoles,peripheral devices and first-party software for third-party platforms.In the Music segment,Recorded Music-Streaming includes the distribut

79、ion of digital recorded music by streaming;Recorded Music-Others includes the distribution of recorded music by physical media and digital download as well as revenue derived from artists live performances and merchandising;Music Publishing includes the management and licensing of the words and musi

80、c of songs;Visual Media and Platform includes the production and distribution of animation titles and game applications,and various service offerings for music and visual products.In the Pictures segment,Motion Pictures includes the worldwide production,acquisition and distribution of live-action an

81、d animated motion pictures;Television Productions includes the production,acquisition and distribution of television programming;Media Networks includes the operation of television networks and direct-to-consumer streaming services worldwide.In the ET&S segment,Televisions includes LCD and OLED tele

82、visions;Audio and Video includes Blu-ray disc players and recorders,home audio,headphones and memory-based portable audio devices;Still and Video Cameras includes interchangeable lens cameras,compact digital cameras,consumer video cameras and video cameras for broadcast;Mobile Communications include

83、s smartphones and an internet-related service business;Other includes display products such as projectors and medical equipment.-11-Yen in millionsFinancial ServicesSony withoutFinancial ServicesConsolidatedMarch 31,2024June 30,2024March 31,2024June 30,2024March 31,2024June 30,2024 ASSETSCurrent ass

84、ets:Cash and cash equivalents913,815 630,317 993,298 846,781 1,907,113 1,477,098Investments and advances in the Financial Services segment398,153412,275-398,153412,275Trade and other receivables,and contract assets127,016148,2742,033,1701,934,8782,158,1962,080,143Inventories-1,518,6441,692,7091,518,

85、6441,692,709Other financial assets57,25451,27568,11176,382125,365127,656Other current assets50,48764,444625,539709,232669,335765,856 Total current assets1,546,7251,306,5855,238,7625,259,9826,776,8066,555,737Non-current assets:Investments accounted for using the equity method4,9054,943418,839424,1854

86、23,744429,128Investments and advances in the Financial Services segment18,939,79418,959,272-18,939,79418,959,272Investments in Financial Services,at cost-550,483550,483-Property,plant and equipment14,16213,8981,508,1511,582,4661,522,6401,596,690Right-of-use assets76,28878,259428,224499,555503,395576

87、,710Goodwill and intangible assets,including content assets77,32376,9243,953,4924,487,2924,030,8154,564,216Deferred tax assets-520,613511,748499,550507,971Other financial assets52,88253,981848,599895,754897,341945,587Other non-current assets165,049165,158421,258450,075513,405542,498 Total non-curren

88、t assets19,330,40319,352,4358,649,6599,401,55827,330,68428,122,072 Total assets20,877,128 20,659,020 13,888,421 14,661,540 34,107,490 34,677,809 LIABILITIES AND EQUITYCurrent liabilities:Short-term borrowings1,802,337 1,774,775 227,979 263,491 2,030,316 2,038,266Trade and other payables61,15378,3292

89、,005,1122,177,2762,064,9052,252,860Deposits from customers in the banking business3,670,5673,690,958-3,670,5673,690,958Income taxes payables10,0502,973142,02488,270152,07491,243Participation and residual liabilities in the Pictures segment-251,743264,049251,743264,049Other financial liabilities77,52

90、379,92638,52250,395116,044130,321Other current liabilities209,555216,7971,704,1581,690,5001,906,3961,899,211 Total current liabilities5,831,1855,843,7584,369,5384,533,98110,192,04510,366,908Non-current liabilities:Long-term debt703,106691,6971,355,0111,443,1472,058,1172,134,844Defined benefit liabil

91、ities39,28439,221208,299213,133247,583252,354Deferred tax liabilities36,36818,599165,877179,880166,424179,817Insurance contract liabilities12,931,99512,776,766-12,931,99512,776,766Participation and residual liabilities in the Pictures segment-206,081220,842206,081220,842Other financial liabilities21

92、4,414228,456175,263189,688386,761415,208Other non-current liabilities7,6077,557176,767196,356162,379182,111 Total non-current liabilities13,932,77413,762,2962,287,2982,443,04616,159,34016,161,942 Total liabilities19,763,95919,606,0546,656,8366,977,02726,351,38526,528,850Equity:Stockholders equity of

93、 Financial Services1,113,1691,052,966-Stockholders equity of Sony without Financial Services-7,062,6577,393,006-Sony Group Corporations stockholders equity-7,587,1777,857,452Noncontrolling interests-168,928291,507168,928291,507 Total equity1,113,1691,052,9667,231,5857,684,5137,756,1058,148,959 Total

94、 liabilities and equity20,877,128 20,659,020 13,888,421 14,661,540 34,107,490 34,677,809(Condensed Quarterly Financial Services Financial Statements)The following schedules show unaudited condensed quarterly financial statements for the Financial Services segment and all other segments excluding Fin

95、ancial Services.These presentations are not in accordance with IFRS Accounting Standards,which is used by Sony to prepare its condensed quarterly consolidated financial statements.However,because the Financial Services segment is different in nature from Sonys other segments,Sony believes that a com

96、parative presentation may be useful in understanding and analyzing Sonys condensed quarterly consolidated financial statements.Both financial statements include transactions between the Financial Services segment and Sony without the Financial Services segment.The figures shown in the respective pre

97、sentations for the Financial Services segment and Sony without the Financial Services segment are prior to the elimination and/or offset of such transactions and deferred tax assets and deferred tax liabilities of each.The consolidated column is presented net of the elimination and/or offset of such

98、 intercompany balances and deferred tax assets and liabilities.Condensed Quarterly Statements of Financial Position-12-Yen in millionsThree months ended June 30Financial ServicesSony withoutFinancial ServicesConsolidated202320242023202420232024Sales-2,285,7892,567,4362,284,5432,565,361Financial serv

99、ices revenue681,411448,595-679,109446,288Total sales and financial services revenue681,411448,5952,285,7892,567,4362,963,6523,011,649Cost of sales-1,627,5621,786,6031,624,5101,784,389Selling,general and administrative-473,129543,274474,939543,414Financial services expenses626,846418,561-624,543416,2

100、54Other operating(income)expense,net5187(8,793)(9,909)(8,742)(9,820)Total costs and expenses626,897418,6482,091,8982,319,9682,715,2502,734,237Share of profit(loss)of investments accounted for using the equity method-384,6401,6564,6401,694Operating income54,51429,985198,531249,124253,042279,106Financ

101、ial income(expenses),net-73,02837,76122,99237,761Income before income taxes54,51429,985271,559286,885276,034316,867Income taxes15,9058,50042,18772,67058,09281,039Net income38,60921,485229,372214,215217,942235,828 Net income of Financial Services38,45821,485-Net income of Sony without Financial Servi

102、ces-229,126210,025-Net income attributable to Sony Group Corporations stockholders-217,545231,638 Net income attributable to noncontrolling interests151-2464,1903974,190Condensed Quarterly Statements of Income-13-Yen in millionsThree months ended June 30Financial ServicesSony withoutFinancial Servic

103、esConsolidated202320242023202420232024Cash flows from operating activities:Income(loss)before income taxes54,51429,985271,559286,885276,034316,867Adjustments to reconcile income(loss)before income taxes to net cash provided by(used in)operating activities:Depreciation and amortization,including amor

104、tization of contract costs6,9156,830244,852261,674251,767268,504Other operating(income)expense,net5187(8,793)(9,909)(8,742)(9,820)(Gain)loss on securities,net(other than Financial Services segment)-(14,189)(31,406)(14,189)(31,406)Changes in assets and liabilities:(Increase)decrease in trade receivab

105、les and contract assets(21,911)(21,258)13,650186,030(11,342)165,792(Increase)decrease in inventories-(283,152)(123,840)(283,152)(123,840)(Increase)decrease in investments and advances in the Financial Services segment(560,038)(633,041)-(560,038)(633,041)(Increase)decrease in content assets-(137,465)

106、(257,588)(137,465)(257,588)Increase(decrease)in trade payables(3,391)21,238174,965112,972174,512132,780Increase(decrease)in insurance contract liabilities,net of insurance contract assets561,732341,752-561,732341,752Increase(decrease)in deposits from customers in the banking business144,11935,540-14

107、4,11935,540Increase(decrease)in borrowings in the life insurance business and the banking business(54,691)(41,126)-(54,691)(41,126)Increase(decrease)in taxes payable other than income taxes,net27,99573(7,981)(3,966)20,014(3,893)Other(37,230)(13,287)(334,115)(273,888)(371,228)(286,806)Net cash provid

108、ed by(used in)operating activities118,065(273,207)(80,669)146,964(12,669)(126,285)Cash flows from investing activities:Payments for property,plant and equipment and other intangible assets(5,602)(7,613)(124,929)(204,212)(130,501)(211,780)Payments for investments and advances(other than Financial Ser

109、vices segment)-(21,319)(15,747)(21,319)(15,747)Proceeds from sales or return of investments and collections of advances(other than Financial Services segment)-4,41030,8964,41030,896Other1(182)(51,238)(162,309)(51,237)(162,491)Net cash provided by(used in)investing activities(5,601)(7,795)(193,076)(3

110、51,372)(198,647)(359,122)Cash flows from financing activities:Increase(decrease)in borrowings,net(2,671)(2,614)273,8953,783271,2241,168Dividends paid(50,037)-(48,955)(54,451)(48,955)(54,451)Other(1)118(8,399)54,699(8,402)54,815 Net cash provided by(used in)financing activities(52,709)(2,496)216,5414

111、,031213,8671,532Effect of exchange rate changes on cash and cash equivalents-48,64853,86048,64853,860Net increase(decrease)in cash and cash equivalents59,755(283,498)(8,556)(146,517)51,199(430,015)Cash and cash equivalents at beginning of the fiscal year756,493913,815724,407993,2981,480,9001,907,113

112、Cash and cash equivalents at end of the period816,248630,317715,851846,7811,532,0991,477,098Condensed Quarterly Statements of Cash Flows-14-Going Concern AssumptionNot ApplicableYen in millionsThree months ended June 3020232024Net income attributable to Sony Group Corporations stockholders for basic

113、 and diluted EPS computation217,545231,638Thousands of sharesThree months ended June 3020232024Weighted-average shares outstanding for basic EPS computation1,234,2421,219,770Effect of dilutive securities:Stock options3,9092,787Restricted stock units212249Weighted-average shares for diluted EPS compu

114、tation1,238,3631,222,806Accounting Policy and Other Information(Changes in accounting policies)Sony newly adopted the following accounting standards from the fiscal year ending March 31,2025:Amendments to IAS 1“Presentation of Financial Statements”In January 2020,the International Accounting Standar

115、ds Board(“IASB”)issued“Classification of Liabilities as Current or Non-current(Amendments to IAS 1).”The amendments clarify the right of a company to defer settlement of a liability,which is one of the existing requirements when classifying a liability to current or non-current.In addition,in Octobe

116、r 2022,the IASB issued“A Non-current Liability with Covenants(Amendments to IAS 1).”The amendments require companies to disclose information about covenants in order for investors to understand the risk that such non-current debt with covenants could become repayable within twelve months.Both of the

117、se amendments were effective for Sony as of April 1,2024.The adoption of these amendments has no material impact on Sonys results of operations and financial position.Amendments to IAS 7“Statement of Cash Flows”and IFRS 7“Financial Instruments:Disclosures”In May 2023,the IASB issued“Supplier Finance

118、 Arrangements(Amendments to IAS 7 and IFRS 7).”These amendments require companies to disclose information about supplier finance arrangements and were effective for Sony as of April 1,2024.Since these amendments only affect disclosures,they have no impact on Sonys results of operations and financial

119、 position.(Net Income Attributable to Sony Group Corporations Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)(Segmentation)The G&NS segment includes the network services businesses,the manufacture and sales of home gaming products and t

120、he production and sales of digital software and add-on content.The Music segment includes the Recorded Music,Music Publishing and Visual Media and Platform businesses.The Pictures segment includes the Motion Pictures,Television Productions and Media Networks businesses.The ET&S segment includes the

121、Televisions business,the Audio and Video business,the Still and Video Cameras business,the smartphone business and the internet-related service business.The I&SS segment includes the image sensors business.The Financial Services segment primarily represents individual life insurance and non-life ins

122、urance businesses and the banking business in Japan.All Other consists of various operating activities,including the disc manufacturing and recording media businesses.Sonys products and services are generally unique to a single operating segment.-15-(i)Total number of issued shares before stock spli

123、t:1,248,619,589 shares(ii)Number of shares to be increased by stock split:4,994,478,356 shares(iii)Total number of issued shares following stock split:6,243,097,945 shares(iv)Total number of authorized shares following stock split:18,000,000,000 shares(i)Public notice of record date:September 13,202

124、4(ii)Record date:September 30,2024(iii)Effective date:October 1,2024YenThree months ended June 3020232024Basic net income attributable to Sony Group Corporations stockholders per share35.2537.98Diluted net income attributable to Sony Group Corporations stockholders per share35.1337.89(Supplemental c

125、ash flow information)During the three months ended June 30,2024,Sony established a new joint venture in the Music segment with a third party partner,which acquired interests in companies that own certain music and other assets(the“target companies”),and Sony also acquired music assets directly from

126、other rights holders.Sony consolidated the joint venture through Sonys majority interest and reflected the consideration of 133,064 million yen for the acquisition of the interests in the target companies in cash flows from investing activities as“Payments for purchases of businesses and other.”Sony

127、 primarily recognized 116,289 million yen of content assets(music catalogs)and 11,501 million yen of other intangible assets from the acquisition of the interests in the target companies.The acquisition of the interests in the target companies is accounted for as an acquisition of a group of assets

128、that does not constitute a business.The content assets(music catalogs)directly acquired from other rights holders were recorded in cash flows from operating activities as“Increase in content assets.”(Stock Split)Sony Group Corporation approved the implementation of a stock split of its common stock

129、as follows at the meeting of its Board of Directors held on May 14,2024.1.Method of Stock SplitEach share of Sony Group Corporations common stock owned by shareholders whose names appear on the register of shareholders as of the close of the record date of September 30,2024,will be split into five(5

130、)shares per share.2.Number of shares to be increased by Stock Split*Total number of issued shares shown above is based on the total number of issued shares as of July 31,2024,and may increase by the record date of the stock split due to the exercise of stock acquisition rights.3.Schedule of Stock Sp

131、lit4.Partial Amendment to Articles of IncorporationSony Group Corporation plans to amend its Articles of Incorporation to increase the total number of shares authorized to be issued by Sony Group Corporation from 3.6 billion to 18.0 billion,in accordance with Article 184,Paragraph 2 of the Companies

132、 Act of Japan,effective on October 1,2024,which is the effective date of the stock split.5.Impact on per share informationPer share information assuming that the stock split was implemented at the beginning of the three months ended June 30,2023,would be as follows.-16-Overview of Operating ResultsF

133、or the overview of operating results for the three months ended June 30,2024,including the forecast for the fiscal year ending March 31,2025,please refer to“Q1 FY2024 Consolidated Financial Results”(the presentation material for the earnings announcement)disclosed on the same date as this document o

134、n the TDnet of the TSE,the EDGAR system of the U.S.SEC and the website of Sony Group Corporation.(i)Sonys ability to maintain product quality and customer satisfaction with its products and services;(ii)Sonys ability to continue to design and develop and win acceptance of,as well as achieve sufficie

135、nt cost reductions for,its products and services,including image sensors,game and network platforms,smartphones and televisions,which are offered in highly competitive markets characterized by severe price competition and continual new product and service introductions,rapid development in technolog

136、y and subjective and changing customer preferences;(iii)Sonys ability to implement successful hardware,software,and content integration strategies,and to develop and implement successful sales and distribution strategies in light of new technologies and distribution platforms;(iv)the effectiveness o

137、f Sonys strategies and their execution,including but not limited to the success of Sonys acquisitions,joint ventures,investments,capital expenditures,restructurings and other strategic initiatives;(v)changes in laws,regulations and government policies in the markets in which Sony and its third-party

138、 suppliers,service providers and business partners operate,including those related to taxation,as well as growing consumer focus on corporate social responsibility;(vi)Sonys continued ability to identify the products,services and market trends with significant growth potential,to devote sufficient r

139、esources to research and development,to prioritize investments and capital expenditures correctly and to recoup its investments and capital expenditures,including those required for technology development and product capacity;(vii)Sonys reliance on external business partners,including for the procur

140、ement of parts,components,software and network services for its products or services,the manufacturing,marketing and distribution of its products,and its other business operations;(viii)the global economic and political environment in which Sony operates and the economic and political conditions in

141、Sonys markets,particularly levels of consumer spending;(ix)Sonys ability to meet operational and liquidity needs as a result of significant volatility and disruption in the global financial markets or a ratings downgrade;(x)Sonys ability to forecast demands,manage timely procurement and control inve

142、ntories;(xi)foreign exchange rates,particularly between the yen and the U.S.dollar,the euro and other currencies in which Sony makes significant sales and incurs production costs,or in which Sonys assets,liabilities and operating results are denominated;(xii)Sonys ability to recruit,retain and maint

143、ain productive relations with highly skilled personnel;(xiii)Sonys ability to prevent unauthorized use or theft of intellectual property rights,to obtain or renew licenses relating to intellectual property rights and to defend itself against claims that its products or services infringe the intellec

144、tual property rights owned by others;(xiv)the impact of changes in interest rates and unfavorable conditions or developments(including market fluctuations or volatility)in the equity and bond markets on the revenue and operating income of the Financial Services segment;(xv)shifts in customer demand

145、for financial services such as life insurance and Sonys ability to conduct successful asset liability management in the Financial Services segment;(xvi)risks related to catastrophic disasters,geopolitical conflicts,pandemic disease or similar events;(xvii)the ability of Sony,its third-party service

146、providers or business partners to anticipate and manage cybersecurity risk,including the risk of unauthorized access to Sonys business information and the personally identifiable information of its employees and customers,potential business disruptions or financial losses;and(xviii)the outcome of pe

147、nding and/or future legal and/or regulatory proceedings.Cautionary StatementStatements made in this material with respect to Sonys current plans,estimates,strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony.For

148、ward-looking statements include,but are not limited to,those statements using words such as“believe,”“expect,”“plans,”“strategy,”“prospects,”“forecast,”“estimate,”“project,”“anticipate,”“aim,”“intend,”“seek,”“may,”“might,”“could”or“should,”and words of similar meaning in connection with a discussion

149、 of future operations,financial performance,events or conditions.From time to time,oral or written forward-looking statements may also be included in other materials released to the public.These statements are based on managements assumptions,judgments and beliefs in light of the information current

150、ly available to it.Sony cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements,and therefore investors should not place undue reliance on them.Investors also should not rely on any o

151、bligation of Sony to update or revise any forward-looking statements,whether as a result of new information,future events or otherwise.Sony disclaims any such obligation.Risks and uncertainties that might affect Sony include,but are not limited to:Risks and uncertainties also include the impact of a

152、ny future events with material adverse impact.The continued impact of developments relating to the situations in Ukraine and Russia and in the Middle East could heighten many of the risks and uncertainties noted above.Important information regarding risks and uncertainties is also set forth in Sonys most recent Form 20-F,which is on file with the U.S.Securities and Exchange Commission.-17-