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1、Consolidated Financial Summary for the Second Quarter(Semi-annual)Ended September 30,2024(In accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board(“IFRS Accounting Standards”)November 8,2024Company name:Sony Group CorporationStock exchange listing:Tokyo

2、Stock Exchange(“TSE”)Securities code:6758URL:https:/ Yoshida,Representative Corporate Executive OfficerContact person:Sadahiko Hayakawa,Senior Vice PresidentTelephone:+81-3-6748-2111Scheduled date to file semi-annual securities report:November 14,2024Scheduled date to commence dividend payment:Decem

3、ber 5,2024Preparation of supplementary materials on financial results:YesHolding of financial results briefing: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 change

4、s.)ConsolidatedSales and financial services revenueOperating incomeIncome before income taxesNet incomeNet income attributable to Sony Group Corporations stockholdersSix months endedYen in millions%Yen in millions%Yen in millions%Yen in millions%Yen in millions%September 30,20245,917,2462.2734,18342

5、.3767,11443.8575,65337.4570,13436.5September 30,20235,792,27519.3516,051-29.7533,629-25.9419,098-23.3417,650-23.1ConsolidatedTotal comprehensive incomeAdjusted OIBDA*Adjusted EBITDA*Basic earningsper share*1Diluted earningsper share*1Six months endedYen in millions%Yen in millions%Yen in millions%Ye

6、nYenSeptember 30,2024370,021-37.11,081,39431.61,068,45728.393.8493.53September 30,2023588,685-23.7822,038-14.9832,572-15.467.7067.48For all segments excluding Financial Services*Sales and financial services revenueOperating incomeIncome beforeincome taxesNet income attributable to Sony Group Corpora

7、tions stockholdersAdjusted OIBDA*Adjusted EBITDA*Six months endedYen in millions%Yen in millions%Yen in millions%Yen in millions%Yen in millions%Yen in millions%September 30,20245,540,87810.5638,46743.2671,39830.8501,91319.9972,05631.7959,11920.1September 30,20235,014,69612.2445,865-13.3513,477-5.24

8、18,548-1.6737,947-2.3798,515-1.9Total assetsTotal equityEquity attributable to Sony Group Corporations stockholdersRatio of equity attributable to Sony Group Corporations stockholders to total assetsAs ofYen in millionsYen in millionsYen in millions%September 30,202434,280,7018,015,8207,708,97222.5M

9、arch 31,202434,107,4907,756,1057,587,17722.21.Consolidated financial results for the six months ended September 30,2024(from April 1,2024 to September 30,2024)*1 Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1,2024,with a record date of September 3

10、0,2024.The above figures for basic earnings per share and diluted earnings per share are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31,2024.(2)Consolidated financial positionAnnual dividends per shareFirst quarter-endSecond q

11、uarter-endThird quarter-endYear-endTotalYenYenYenYenYenFiscal year endedMarch 31,2024-40.00-45.0085.00Fiscal year endingMarch 31,2025-50.00Fiscal year endingMarch 31,2025(Forecast)*2-10.00-(Percentages indicate year-on-year changes.)Fiscal year ending March 31,2025Sales and financial services revenu

12、eOperating 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 millions%Yen in millions%Consolidated12,710,000-2.41,310,0008.41,335,0005.2980,0001.01,995,0

13、009.21,995,0009.7For all segments excluding Financial Services*11,800,0004.71,165,00012.51,190,0003.9875,000-2.41,825,00011.01,825,0008.22.DividendsNote:Revisions to the forecast of dividends most recently announced:No*2 Sony Group Corporation conducted a five-for-one stock split of its common stock

14、 effective October 1,2024,with a record date of September 30,2024.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 3

15、1,2025 is not presented because the total of the interim dividend 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

16、total annual dividend per share forecast for the fiscal year ending 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 ann

17、ounced:Yes*Adjusted OIBDA(Operating Income Before Depreciation and 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 Cor

18、poration believes that these disclosures may be useful information 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“Q2 FY2024 Consolidated Financial Results”(the presen

19、tation material for the earnings announcement)disclosed on the same 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(the“SEC”)and the website of Sony Group Corpo

20、ration.Adjusted OIBDA=Operating income+Depreciation and amortization 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.Adjust

21、ed EBITDA=Net income attributable to Sony Group Corporations stockholders+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

22、 expense+Depreciation and amortization 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.For details about the preparation of

23、 the Financial Statements for all segments excluding Financial Services,please refer to page 17 of the Appendix.As of September 30,20246,243,097,945 sharesAs of March 31,20246,306,159,445 sharesAs of September 30,2024208,436,240 sharesAs of March 31,2024198,915,015 sharesSix months ended September 3

24、0,20246,075,284,132 sharesSix months ended September 30,20236,169,576,238 sharesNotes(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

25、(ii)Changes in accounting policies due to other reasons :No(iii)Changes in accounting 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 n

26、umber of shares outstanding during the period(cumulative from the beginning of the fiscal year)Notes:1 Please refer to“Notes to Condensed Semi-annual Consolidated Financial Statements-Accounting Policy and Other Information(Net Income Attributable to Sony Group Corporations Stockholders and Weighted

27、-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)”for number of shares used as basis for calculating consolidated per share data.2 Sony Group Corporation conducted a five-for-one stock split of its common stock effective October 1,2024,with a record date of Septe

28、mber 30,2024.The above figures for the number of issued shares(common stock)are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31,2024.*Consolidated Financial Summary for the Second Quarter(Semi-annual)is exempt from review condu

29、cted by certified public accountants or an audit firm.*Proper use of earnings forecasts,and other special matters:Please refer to“Cautionary Statement”on page 24 of the Appendix for assumptions and other matters related to the forecast of financial results.Supplementary materials on financial result

30、s including the presentation material for the earnings announcement are available on Sony Group Corporations website along with this document.Condensed Semi-annual Consolidated Financial Statements(Unaudited)2Condensed Semi-annual Consolidated Statements of Financial Position2Condensed Quarterly Con

31、solidated Statements of Income(Three months ended September 30)4Condensed Quarterly Consolidated Statements of Comprehensive Income(Three months ended September 30)5Condensed Semi-annual Consolidated Statements of Income(Six months ended September 30)6Condensed Semi-annual Consolidated Statements of

32、 Comprehensive Income(Six months ended September 30)7Condensed Semi-annual Consolidated Statements of Changes in Stockholders Equity(Six months ended September 30)8Condensed Semi-annual Consolidated Statements of Cash Flows(Six months ended September 30)9Notes to Condensed Semi-annual Consolidated F

33、inancial Statements11-Business Segment Information11-Going Concern Assumption21-Accounting Policy and Other Information21-Subsequent Event23Overview of Operating Results24Cautionary Statement24(Appendix)Table of Contents for AppendixAll financial information is presented on the basis of IFRS Account

34、ing Standards.Sony Group Corporation and its consolidated subsidiaries are together referred to as“Sony”or“Sony Group.”-1-Yen in millionsMarch 31,2024September 30,2024Change fromMarch 31,2024ASSETSCurrent assets:Cash and cash equivalents1,907,1131,728,710(178,403)Investments and advances in the Fina

35、ncial Services segment398,153398,689536Trade and other receivables,and contract assets2,158,1962,151,146(7,050)Inventories1,518,6441,736,206217,562Other financial assets125,365107,871(17,494)Other current assets669,335644,932(24,403)Total current assets6,776,8066,767,554(9,252)Non-current assets:Inv

36、estments accounted for using the equity method423,744363,296(60,448)Investments and advances in the Financial Services segment18,939,79418,910,555(29,239)Property,plant and equipment1,522,6401,533,14010,500Right-of-use assets503,395520,32016,925Goodwill1,487,1001,439,635(47,465)Content assets1,928,1

37、132,188,117260,004Other intangible assets615,602657,70342,101Deferred tax assets499,550450,066(49,484)Other financial assets897,341922,16624,825Other non-current assets513,405528,14914,744Total non-current assets27,330,68427,513,147182,463Total assets34,107,49034,280,701173,211(Unaudited)Condensed S

38、emi-annual Consolidated Financial StatementsCondensed Semi-annual Consolidated Statements of Financial Position(Continued on the following page.)-2-Yen in millionsMarch 31,2024September 30,2024Change fromMarch 31,2024LIABILITIESCurrent liabilities:Short-term borrowings1,812,6051,820,7358,130Current

39、portion of long-term debt217,711259,48741,776Trade and other payables2,064,9052,280,138215,233Deposits from customers in the banking business3,670,5673,586,639(83,928)Income taxes payables152,074126,582(25,492)Participation and residual liabilities in the Pictures segment251,743230,165(21,578)Other

40、financial liabilities116,044102,517(13,527)Other current liabilities1,906,3961,864,774(41,622)Total current liabilities10,192,04510,271,03778,992Non-current liabilities:Long-term debt2,058,1171,988,609(69,508)Defined benefit liabilities247,583244,155(3,428)Deferred tax liabilities166,424195,68129,25

41、7Insurance contract liabilities12,931,99512,782,773(149,222)Participation and residual liabilities in the Pictures segment206,081188,045(18,036)Other financial liabilities386,761451,05164,290Other non-current liabilities162,379143,530(18,849)Total non-current liabilities16,159,34015,993,844(165,496)

42、Total liabilities26,351,38526,264,881(86,504)EQUITYSony Group Corporations stockholders equity:Common stock881,357881,357-Additional paid-in capital1,483,4101,489,3795,969Retained earnings6,002,4076,366,550364,143Accumulated other comprehensive income(376,063)(558,857)(182,794)Treasury stock,at cost

43、(403,934)(469,457)(65,523)Equity attributable to Sony Group Corporations stockholders7,587,1777,708,972121,795Noncontrolling interests168,928306,848137,920Total equity7,756,1058,015,820259,715Total liabilities and equity34,107,49034,280,701173,211Condensed Semi-annual Consolidated Statements of Fina

44、ncial Position(Continued)-3-Yen in millionsThree months ended September 3020232024ChangeSales and financial services revenue:Sales2,727,0122,971,224244,212Financial services revenue Insurance revenue143,677156,32012,643 Other financial services revenue(42,066)(221,947)(179,881)Total financial servic

45、es revenue101,611(65,627)(167,238)Total sales and financial services revenue2,828,6232,905,59776,974Costs and expenses:Cost of sales1,967,4752,044,65177,176Selling,general and administrative518,729537,43718,708Financial services expenses Insurance service expenses95,220105,0649,844 Insurance finance

46、 expenses(income)(51,027)(279,337)(228,310)Other financial services expenses41,54042,8841,344 Total financial services expenses85,733(131,389)(217,122)Other operating(income)expense,net(3,380)(2,824)556Total costs and expenses2,568,5572,447,875(120,682)Share of profit(loss)of investments accounted f

47、or using the equity method2,943(2,645)(5,588)Operating income263,009455,077192,068Financial income12,61730,65318,036Financial expenses18,03135,48317,452Income before income taxes257,595450,247192,652Income taxes56,439110,42253,983Net income201,156339,825138,669Net income attributable toSony Group Co

48、rporations stockholders200,105338,496138,391Noncontrolling interests1,0511,329278YenThree months ended September 3020232024ChangePer share data:Net income attributable to Sony Group Corporations stockholders -Basic32.4455.9323.49 -Diluted32.3555.7423.39Condensed Quarterly Consolidated Statements of

49、Income-4-Yen in millionsThree months ended September 3020232024Change Net income201,156339,825138,669 Other comprehensive income,net of tax-Items that will not be reclassified to profit or lossChanges in equity instruments measured at fair value through other comprehensive income(11,087)(2,050)9,037

50、Remeasurement of defined benefit pension plans(27)(48)(21)Share of other comprehensive income of investments accounted for using the equity method178(4)(182)Items that may be reclassified subsequently to profit or lossChanges in debt instruments measured at fair value through othercomprehensive inco

51、me(623,430)216,670840,100Cash flow hedges1,928861(1,067)Insurance finance income(expenses)496,262(113,572)(609,834)Exchange differences on translating foreign operations77,654(444,415)(522,069)Share of other comprehensive income of investments accounted for using the equity method988(5,390)(6,378)Ot

52、her(396)263659 Total other comprehensive income,net of tax(57,930)(347,685)(289,755)Comprehensive income143,226(7,860)(151,086)Comprehensive income attributable to Sony Group Corporations stockholders141,176(7,156)(148,332)Noncontrolling interests2,050(704)(2,754)Condensed Quarterly Consolidated Sta

53、tements of Comprehensive Income-5-Yen in millionsSix months ended September 3020232024ChangeSales and financial services revenue:Sales5,011,5555,536,585525,030Financial services revenue Insurance revenue286,427309,23222,805 Other financial services revenue494,29371,429(422,864)Total financial servic

54、es revenue780,720380,661(400,059)Total sales and financial services revenue5,792,2755,917,246124,971Costs and expenses:Cost of sales3,591,9853,829,040237,055Selling,general and administrative993,6681,080,85187,183Financial services expenses Insurance service expenses192,586215,87723,291 Insurance fi

55、nance expenses(income)438,325(17,857)(456,182)Other financial services expenses79,36586,8457,480 Total financial services expenses710,276284,865(425,411)Other operating(income)expense,net(12,122)(12,644)(522)Total costs and expenses5,283,8075,182,112(101,695)Share of profit(loss)of investments accou

56、nted for using the equity method7,583(951)(8,534)Operating income516,051734,183218,132Financial income40,80876,47935,671Financial expenses23,23043,54820,318Income before income taxes533,629767,114233,485Income taxes114,531191,46176,930Net income419,098575,653156,555Net income attributable toSony Gro

57、up Corporations stockholders417,650570,134152,484Noncontrolling interests1,4485,5194,071YenSix months ended September 3020232024ChangePer share data:Net income attributable to Sony Group Corporations stockholders -Basic67.7093.8426.14 -Diluted67.4893.5326.05Condensed Semi-annual Consolidated Stateme

58、nts of Income-6-Yen in millionsSix months ended September 3020232024Change Net income419,098575,653156,555 Other comprehensive income,net of tax-Items that will not be reclassified to profit or lossChanges in equity instruments measured at fair value through other comprehensive income(18,004)(17,112

59、)892Remeasurement of defined benefit pension plans(452)(835)(383)Share of other comprehensive income of investments accounted for using the equity method317(1,144)(1,461)Items that may be reclassified subsequently to profit or lossChanges in debt instruments measured at fair value through othercompr

60、ehensive income(695,972)(215,586)480,386Cash flow hedges(302)(1,416)(1,114)Insurance finance income(expenses)516,779236,830(279,949)Exchange differences on translating foreign operations363,425(204,714)(568,139)Share of other comprehensive income of investments accounted for using the equity method4

61、,138(1,579)(5,717)Other(342)(76)266 Total other comprehensive income,net of tax169,587(205,632)(375,219)Comprehensive income588,685370,021(218,664)Comprehensive income attributable to Sony Group Corporations stockholders584,604365,683(218,921)Noncontrolling interests4,0814,338257Condensed Semi-annua

62、l Consolidated Statements of Comprehensive Income-7-Yen in millionsCommonstockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensiveincomeTreasurystock,atcostSony GroupCorporationsstockholdersequityNoncontrollinginterestsTotal equityBalance at April 1,2023880,3651,463,8075,092,442(614

63、,570)(223,507)6,598,53758,6136,657,150Comprehensive income:Net income417,650417,6501,448419,098Other comprehensive income,net of tax166,954166,9542,633169,587Total comprehensive income417,650166,954584,6044,081588,685Transfer to retained earnings1,096(1,096)-Transactions with stockholders and other:

64、Exercise of stock acquisition rights(360)(144)7,6027,0987,098Stock-based compensation6,6846,6846,684Dividends declared(49,380)(49,380)(2,110)(51,490)Purchase of treasury stock(38,664)(38,664)(38,664)Reissuance of treasury stock1,7843,2885,0725,072Transactions with noncontrolling interests shareholde

65、rs and other8,5058,50517,58026,085Balance at September 30,2023880,3651,480,4205,461,664(448,712)(251,281)7,122,45678,1647,200,620Yen in millionsCommonstockAdditionalpaid-incapitalRetainedearningsAccumulatedothercomprehensiveincomeTreasurystock,atcostSony GroupCorporationsstockholdersequityNoncontrol

66、linginterestsTotal equityBalance at April 1,2024881,3571,483,4106,002,407(376,063)(403,934)7,587,177168,9287,756,105Comprehensive income:Net income570,134570,1345,519575,653Other comprehensive income,net of tax(204,451)(204,451)(1,181)(205,632)Total comprehensive income570,134(204,451)365,6834,33837

67、0,021Transfer to retained earnings(21,657)21,657-Transactions with stockholders and other:Exercise of stock acquisition rights and other0(1,631)8,0036,3726,372Stock-based compensation10,70710,70710,707Dividends declared(54,965)(54,965)(4,220)(59,185)Purchase of treasury stock(202,107)(202,107)(202,1

68、07)Reissuance of treasury stock1455Cancellation of treasury stock(839)(127,738)128,577-Transactions with noncontrolling interests shareholders and other(3,900)(3,900)137,802133,902Balance at September 30,2024881,3571,489,3796,366,550(558,857)(469,457)7,708,972306,8488,015,820Condensed Semi-annual Co

69、nsolidated Statements of Changes in Stockholders Equity-8-Yen in millionsSix months ended September 3020232024Cash flows from operating activities:Income before income taxes533,629767,114 Adjustments to reconcile income before income taxes to net cash provided by operating activities:Depreciation an

70、d amortization,including amortization of contract costs570,466549,183Other operating(income)expense,net(12,122)(12,644)Gain on securities,net(other than Financial Services segment)(10,816)(45,774)Share of(profit)loss of investments accounted for using the equity method,net of dividends(333)8,361Chan

71、ges in assets and liabilities:Increase in trade receivables and contract assets(253,983)(45,937)Increase in inventories(494,463)(260,950)Increase in investments and advances in the Financial Services segment(780,169)(274,308)Increase in content assets(264,387)(408,541)Increase in trade payables304,4

72、99381,785Increase in insurance contract liabilities,net of insurance contract assets588,156195,633Increase(decrease)in deposits from customers in the banking business284,045(1,019)Increase(decrease)in borrowings in the life insurance business and the banking business108,667(49,911)Decrease in taxes

73、payable other than income taxes,net(43,042)(16,391)Increase in other financial assets and other current assets(67,148)(39,565)Decrease in other financial liabilities and other current liabilities(80,846)(78,124)Income taxes paid(154,830)(102,944)Other(112,292)50,321 Net cash provided by operating ac

74、tivities115,031616,289Condensed Semi-annual Consolidated Statements of Cash Flows(Continued on the following page.)-9-Yen in millionsSix months ended September 3020232024 Cash flows from investing activities:Payments for property,plant and equipment and other intangible assets(306,074)(405,568)Proce

75、eds from sales of property,plant and equipment and other intangible assets7,4126,650Payments for investments and advances(other than Financial Services segment)(48,891)(41,023)Proceeds from sales or return of investments and collections of advances (other than Financial Services segment)76,37433,293

76、Payments for purchases of businesses and other(67,273)(266,496)Proceeds from sales of businesses-1,404Other3,38426,810Net cash used in investing activities(335,068)(644,930)Cash flows from financing activities:Increase in short-term borrowings,net447,83940,649Proceeds from issuance of long-term debt

77、9,76911,085Payments of long-term debt(70,834)(61,640)Dividends paid(49,333)(54,931)Payments for purchases of treasury stock(38,664)(202,107)Capital contribution from non-controlling interests-150,804Other3,043(10,834)Net cash provided by(used in)financing activities301,820(126,974)Effect of exchange

78、 rate changes on cash and cash equivalents63,831(22,788)Net increase(decrease)in cash and cash equivalents145,614(178,403)Cash and cash equivalents at beginning of the fiscal year1,480,9001,907,113 Cash and cash equivalents at end of the period1,626,5141,728,710Condensed Semi-annual Consolidated Sta

79、tements of Cash Flows(Continued)-10-Yen in millionsThree months ended September 3020232024ChangeSales and financial services revenue:Game&Network Services-Customers930,1371,034,198104,061Intersegment23,95937,33213,373Total954,0961,071,530117,434Music-Customers399,360444,00044,640Intersegment9,3564,1

80、97(5,159)Total408,716448,19739,481Pictures-Customers397,347353,390(43,957)Intersegment2,2892,406117Total399,636355,796(43,840)Entertainment,Technology&Services-Customers603,214605,7122,498Intersegment10,32614,0473,721Total613,540619,7596,219Imaging&Sensing Solutions-Customers374,657509,769135,112Int

81、ersegment31,65925,798(5,861)Total406,316535,567129,251Financial Services-Customers101,611(65,627)(167,238)Intersegment2,3042,31410Total103,915(63,313)(167,228)All Other-Customers20,41820,555137Intersegment3,8073,334(473)Total24,22523,889(336)Corporate and elimination(81,821)(85,828)(4,007)Consolidat

82、ed total2,828,6232,905,59776,974Notes to Condensed Semi-annual 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,Techno

83、logy&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 paten

84、t royalty income.-11-Yen in millionsThree months ended September 3020232024ChangeOperating income(loss):Game&Network Services48,902138,84989,947Music80,99790,3609,363Pictures29,43818,475(10,963)Entertainment,Technology&Services61,03370,1559,122Imaging&Sensing Solutions46,36192,41246,051Financial Ser

85、vices15,68165,73650,055All Other2,069(6,483)(8,552)Total284,481469,504185,023Corporate and elimination(21,472)(14,427)7,045Consolidated operating income263,009455,077192,068Segment profit(loss)Operating income(loss)is sales and financial services revenue less costs and expenses,and includes the shar

86、e of profit(loss)of investments accounted for using the equity method.-12-Yen in millionsSix months ended September 3020232024ChangeSales and financial services revenue:Game&Network Services-Customers1,685,1401,878,486193,346Intersegment40,83657,95517,119Total1,725,9761,936,441210,465Music-Customers

87、755,116879,726124,610Intersegment11,82910,493(1,336)Total766,945890,219123,274Pictures-Customers717,525689,946(27,579)Intersegment2,4773,196719Total720,002693,142(26,860)Entertainment,Technology&Services-Customers1,166,5061,199,89133,385Intersegment18,81720,7831,966Total1,185,3231,220,67435,351Imagi

88、ng&Sensing Solutions-Customers645,133843,077197,944Intersegment53,92345,970(7,953)Total699,056889,047189,991Financial Services-Customers780,720380,661(400,059)Intersegment4,6064,62115Total785,326385,282(400,044)All Other-Customers36,82039,4882,668Intersegment6,8985,491(1,407)Total43,71844,9791,261Co

89、rporate and elimination(134,071)(142,538)(8,467)Consolidated total5,792,2755,917,246124,971(Business Segments)Segment sales and financial services revenueG&NS intersegment amounts primarily consist of transactions with the ET&S segment.ET&S intersegment amounts primarily consist of transactions with

90、 the G&NS segment.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 patent royalty income.-13-Yen in millionsSix months ended September 3020232024ChangeOperating income(loss):Game&Network Servic

91、es98,062204,058105,996Music154,377176,25321,876Pictures45,40929,783(15,626)Entertainment,Technology&Services116,679134,23817,559Imaging&Sensing Solutions59,092129,05969,967Financial Services70,19595,72125,526All Other4,544(5,208)(9,752)Total548,358763,904215,546Corporate and elimination(32,307)(29,7

92、21)2,586Consolidated operating income516,051734,183218,132Segment profit(loss)Operating income(loss)is sales and financial services revenue less costs and expenses,and includes the share of profit(loss)of investments accounted for using the equity method.-14-Yen in millionsThree months ended Septemb

93、er 30Sales and financial services revenue:20232024ChangeGame&Network ServicesDigital Software and Add-on Content423,096559,024135,928Network Services133,887160,77926,892Hardware and Others373,154314,395(58,759)Total930,1371,034,198104,061MusicRecorded Music-Streaming173,858189,47115,613Recorded Musi

94、c-Others79,881100,76520,884Music Publishing82,72591,5318,806Visual Media and Platform62,89662,233(663)Total399,360444,00044,640PicturesMotion Pictures129,209150,82121,612Television Productions173,385100,728(72,657)Media Networks94,753101,8417,088Total397,347353,390(43,957)Entertainment,Technology&Se

95、rvicesTelevisions161,002161,447445Audio and Video109,10097,555(11,545)Still and Video Cameras159,203161,1721,969Mobile Communications72,77473,9541,180Other101,135111,58410,449Total603,214605,7122,498Imaging&Sensing Solutions374,657509,769135,112Financial Services101,611(65,627)(167,238)All Other20,4

96、1820,555137Corporate1,8793,6001,721Consolidated total2,828,6232,905,59776,974(Sales to Customers by Product Category)The following table is a breakdown of sales and financial services revenue to external customers by product category for each segment.Sony management views each segment as a single op

97、erating segment.-15-Yen in millionsSix months ended September 30Sales and financial services revenue:20232024ChangeGame&Network ServicesDigital Software and Add-on Content788,442991,776203,334Network Services258,386320,12561,739Hardware and Others638,312566,585(71,727)Total1,685,1401,878,486193,346M

98、usicRecorded Music-Streaming338,745386,13447,389Recorded Music-Others152,766203,38150,615Music Publishing157,864188,20730,343Visual Media and Platform105,741102,004(3,737)Total755,116879,726124,610PicturesMotion Pictures254,713283,85529,142Television Productions277,616195,013(82,603)Media Networks18

99、5,196211,07825,882Total717,525689,946(27,579)Entertainment,Technology&ServicesTelevisions296,984290,571(6,413)Audio and Video198,249194,876(3,373)Still and Video Cameras321,077353,62532,548Mobile Communications160,136154,995(5,141)Other190,060205,82415,764Total1,166,5061,199,89133,385Imaging&Sensing

100、 Solutions645,133843,077197,944Financial Services780,720380,661(400,059)All Other36,82039,4882,668Corporate5,3155,971656Consolidated total5,792,2755,917,246124,971In the G&NS segment,Digital Software and Add-on Content includes distribution of software titles and add-on content through the network;N

101、etwork Services includes network services 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,Recor

102、ded Music-Streaming includes the distribution 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 mana

103、gement and licensing of the words and music 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,acqu

104、isition and distribution of live-action and 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 segm

105、ent,Televisions includes LCD and OLED televisions;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 f

106、or broadcast;Mobile Communications includes smartphones and an internet-related service business;Other includes display products such as projectors and medical equipment.-16-Yen in millionsFinancial ServicesSony withoutFinancial ServicesConsolidatedMarch 31,2024September 30,2024March 31,2024Septembe

107、r 30,2024March 31,2024September 30,2024 ASSETSCurrent assets:Cash and cash equivalents913,815 937,945 993,298 790,765 1,907,113 1,728,710Investments and advances in the Financial Services segment398,153398,689-398,153398,689Trade and other receivables,and contract assets127,016114,3222,033,1702,039,

108、8292,158,1962,151,146Inventories-1,518,6441,736,2061,518,6441,736,206Other financial assets57,25456,01168,11151,860125,365107,871Other current assets50,48714,924625,539635,818669,335644,932 Total current assets1,546,7251,521,8915,238,7625,254,4786,776,8066,767,554Non-current assets:Investments accou

109、nted for using the equity method4,9054,974418,839358,322423,744363,296Investments and advances in the Financial Services segment18,939,79418,910,555-18,939,79418,910,555Investments in Financial Services,at cost-550,483550,483-Property,plant and equipment14,16213,7761,508,1511,519,0371,522,6401,533,1

110、40Right-of-use assets76,28876,292428,224445,118503,395520,320Goodwill and intangible assets,including content assets77,32381,2113,953,4924,204,2444,030,8154,285,455Deferred tax assets-520,613470,692499,550450,066Other financial assets52,88232,298848,599894,106897,341922,166Other non-current assets16

111、5,049164,669421,258436,062513,405528,149 Total non-current assets19,330,40319,283,7758,649,6598,878,06427,330,68427,513,147 Total assets20,877,128 20,805,666 13,888,421 14,132,542 34,107,490 34,280,701 LIABILITIES AND EQUITYCurrent liabilities:Short-term borrowings1,802,337 1,789,073 227,979 291,149

112、 2,030,316 2,080,222Trade and other payables61,15376,3242,005,1122,206,6372,064,9052,280,138Deposits from customers in the banking business3,670,5673,586,639-3,670,5673,586,639Income taxes payables10,0508,011142,024118,571152,074126,582Participation and residual liabilities in the Pictures segment-2

113、51,743230,165251,743230,165Other financial liabilities77,52371,69438,52230,824116,044102,517Other current liabilities209,555214,9441,704,1581,655,8331,906,3961,864,774 Total current liabilities5,831,1855,746,6854,369,5384,533,17910,192,04510,271,037Non-current liabilities:Long-term debt703,106666,59

114、61,355,0111,322,0132,058,1171,988,609Defined benefit liabilities39,28438,890208,299205,265247,583244,155Deferred tax liabilities36,36863,503165,877167,562166,424195,681Insurance contract liabilities12,931,99512,782,773-12,931,99512,782,773Participation and residual liabilities in the Pictures segmen

115、t-206,081188,045206,081188,045Other financial liabilities214,414297,552175,263156,534386,761451,051Other non-current liabilities7,6077,451176,767157,686162,379143,530 Total non-current liabilities13,932,77413,856,7652,287,2982,197,10516,159,34015,993,844 Total liabilities19,763,95919,603,4506,656,83

116、66,730,28426,351,38526,264,881Equity:Stockholders equity of Financial Services1,113,1691,202,216-Stockholders equity of Sony without Financial Services-7,062,6577,095,410-Sony Group Corporations stockholders equity-7,587,1777,708,972Noncontrolling interests-168,928306,848168,928306,848 Total equity1

117、,113,1691,202,2167,231,5857,402,2587,756,1058,015,820 Total liabilities and equity20,877,128 20,805,666 13,888,421 14,132,542 34,107,490 34,280,701(Condensed Semi-annual Financial Services Separate Financial Statements)The following schedules show unaudited condensed semi-annual financial statements

118、 for the Financial Services segment and all other segments excluding Financial Services.These presentations are not in accordance with IFRS Accounting Standards,which is used by Sony to prepare its condensed semi-annual consolidated financial statements.However,because the Financial Services segment

119、 is different in nature from Sonys other segments,Sony believes that a comparative presentation may be useful in understanding and analyzing Sonys condensed semi-annual consolidated financial statements.Both financial statements include transactions between the Financial Services segment and Sony wi

120、thout the Financial Services segment.The figures shown in the respective presentations 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 c

121、onsolidated column is presented net of the elimination and/or offset of such intercompany balances and deferred tax assets and liabilities.Condensed Semi-annual Statements of Financial Position-17-Yen in millionsThree months ended September 30Financial ServicesSony withoutFinancial ServicesConsolida

122、ted202320242023202420232024Sales-2,728,9072,973,4422,727,0122,971,224Financial services revenue103,915(63,313)-101,611(65,627)Total sales and financial services revenue103,915(63,313)2,728,9072,973,4422,828,6232,905,597Cost of sales-1,970,8442,047,0261,967,4752,044,651Selling,general and administrat

123、ive-517,250537,278518,729537,437Financial services expenses88,036(129,075)-85,733(131,389)Other operating(income)expense,net19857(3,578)(2,881)(3,380)(2,824)Total costs and expenses88,234(129,018)2,484,5162,581,4232,568,5572,447,875Share of profit(loss)of investments accounted for using the equity m

124、ethod-312,943(2,676)2,943(2,645)Operating income15,68165,736247,334389,343263,009455,077Financial income(expenses),net-(5,416)(4,830)(5,414)(4,830)Income before income taxes15,68165,736241,918384,513257,595450,247Income taxes4,84918,99651,59091,29656,439110,422Net income10,83246,740190,328293,217201

125、,156339,825 Net income of Financial Services10,68646,740-Net income of Sony without Financial Services-189,422291,888-Net income attributable to Sony Group Corporations stockholders-200,105338,496 Net income attributable to noncontrolling interests146-9061,3291,0511,329Condensed Semi-annual Statemen

126、ts of Income-18-Yen in millionsSix months ended September 30Financial ServicesSony withoutFinancial ServicesConsolidated202320242023202420232024Sales-5,014,6965,540,8785,011,5555,536,585Financial services revenue785,326385,282-780,720380,661Total sales and financial services revenue785,326385,2825,0

127、14,6965,540,8785,792,2755,917,246Cost of sales-3,598,4063,833,6293,591,9853,829,040Selling,general and administrative-990,3791,080,552993,6681,080,851Financial services expenses714,882289,486-710,276284,865Other operating(income)expense,net249144(12,371)(12,790)(12,122)(12,644)Total costs and expens

128、es715,131289,6304,576,4144,901,3915,283,8075,182,112Share of profit(loss)of investments accounted for using the equity method-697,583(1,020)7,583(951)Operating income70,19595,721445,865638,467516,051734,183Financial income(expenses),net-67,61232,93117,57832,931Income before income taxes70,19595,7215

129、13,477671,398533,629767,114Income taxes20,75427,49693,777163,966114,531191,461Net income49,44168,225419,700507,432419,098575,653 Net income of Financial Services49,14468,225-Net income of Sony without Financial Services-418,548501,913-Net income attributable to Sony Group Corporations stockholders-4

130、17,650570,134 Net income attributable to noncontrolling interests297-1,1525,5191,4485,519-19-Yen in millionsSix months ended September 30Financial ServicesSony withoutFinancial ServicesConsolidated202320242023202420232024Cash flows from operating activities:Income(loss)before income taxes70,19595,72

131、1513,477671,398533,629767,114Adjustments to reconcile income(loss)before income taxes to net cash provided by(used in)operating activities:Depreciation and amortization,including amortization of contract costs13,90513,622556,561535,561570,466549,183Other operating(income)expense,net249144(12,371)(12

132、,790)(12,122)(12,644)(Gain)loss on securities,net(other than Financial Services segment)-(10,816)(45,774)(10,816)(45,774)Changes in assets and liabilities:(Increase)decrease in trade receivables and contract assets14312,697(246,880)(59,645)(253,983)(45,937)(Increase)decrease in inventories-(494,463)

133、(260,950)(494,463)(260,950)(Increase)decrease in investments and advances in the Financial Services segment(780,169)(274,308)-(780,169)(274,308)(Increase)decrease in content assets-(264,387)(408,541)(264,387)(408,541)Increase(decrease)in trade payables(4,668)18,043302,093365,253304,499381,785Increas

134、e(decrease)in insurance contract liabilities,net of insurance contract assets588,156195,633-588,156195,633Increase(decrease)in deposits from customers in the banking business284,045(1,019)-284,045(1,019)Increase(decrease)in borrowings in the life insurance business and the banking business108,667(49

135、,911)-108,667(49,911)Increase(decrease)in taxes payable other than income taxes,net893(184)(43,935)(16,207)(43,042)(16,391)Other(42,663)33,655(373,024)(196,148)(415,449)(161,951)Net cash provided by(used in)operating activities238,75344,093(73,745)572,157115,031616,289Cash flows from investing activ

136、ities:Payments for property,plant and equipment and other intangible assets(9,518)(14,694)(296,566)(390,925)(306,074)(405,568)Payments for investments and advances(other than Financial Services segment)-(48,891)(41,023)(48,891)(41,023)Proceeds from sales or return of investments and collections of a

137、dvances(other than Financial Services segment)-76,37433,29376,37433,293Other(13)(108)(56,464)(231,524)(56,477)(231,632)Net cash provided by(used in)investing activities(9,531)(14,802)(325,547)(630,179)(335,068)(644,930)Cash flows from financing activities:Increase(decrease)in borrowings,net(5,725)(5

138、,456)392,499(4,450)386,774(9,906)Dividends paid(50,037)-(49,333)(54,931)(49,333)(54,931)Other258295(35,809)(62,342)(35,621)(62,137)Net cash provided by(used in)financing activities(55,504)(5,161)307,357(121,723)301,820(126,974)Effect of exchange rate changes on cash and cash equivalents-63,831(22,78

139、8)63,831(22,788)Net increase(decrease)in cash and cash equivalents173,71824,130(28,104)(202,533)145,614(178,403)Cash and cash equivalents at beginning of the fiscal year756,493913,815724,407993,2981,480,9001,907,113Cash and cash equivalents at end of the period930,211937,945696,303790,7651,626,5141,

140、728,710Condensed Semi-annual Statements of Cash Flows-20-Going Concern AssumptionNot ApplicableAccounting 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 Fi

141、nancial Statements”In January 2020,the International Accounting Standards 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

142、classifying a liability to current or non-current.In addition,in October 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

143、 with covenants could become repayable within twelve months.Both of these 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“Financi

144、al Instruments:Disclosures”In May 2023,the IASB issued“Supplier Finance 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 discl

145、osures,they have no impact on Sonys results of operations and financial position.-21-Yen in millionsThree months ended September 3020232024Net income attributable to Sony Group Corporations stockholders for basic and diluted EPS computation200,105338,496Thousands of sharesThree months ended Septembe

146、r 3020232024Weighted-average shares outstanding for basic EPS computation6,167,9416,051,720Effect of dilutive securities:Stock options16,85116,593Restricted stock units1,3234,892Weighted-average shares for diluted EPS computation6,186,1156,073,205Yen in millionsSix months ended September 3020232024N

147、et income attributable to Sony Group Corporations stockholders for basic and diluted EPS computation417,650570,134Thousands of sharesSix months ended September 3020232024Weighted-average shares outstanding for basic EPS computation6,169,5766,075,284Effect of dilutive securities:Stock options18,44215

148、,397Restricted stock units1,3694,756Weighted-average shares for diluted EPS computation6,189,3876,095,437(Net Income Attributable to Sony Group Corporations Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)Note:Sony Group Corporation cond

149、ucted a five-for-one stock split of its common stock effective October 1,2024,with a record date of September 30,2024.Basic and diluted EPS are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31,2024.-22-(Segmentation)The G&NS seg

150、ment includes the network services businesses,the manufacture and sales of home gaming products and the 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 th

151、e Motion Pictures,Television Productions and Media Networks businesses.The ET&S segment includes the 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 bu

152、siness.The Financial Services segment primarily represents individual life insurance and non-life insurance 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

153、generally unique to a single operating segment.(Supplemental cash flow information)During the six months ended September 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“targ

154、et companies”)as well as music assets directly from 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“

155、Payments for purchases of businesses and other.”Sony 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 a

156、ccounted for as an acquisition of a group of assets that does not constitute a business.The consideration for the content assets(music catalogs)directly acquired from other rights holders was 84,382 million yen,which was recorded in cash flows from operating activities as“Increase in content assets.

157、”(i)Total number of issued shares before stock split:1,248,619,589 shares(ii)Number of shares 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)

158、Public notice of record date:September 13,2024(ii)Record date:September 30,2024(iii)Effective date:October 1,2024Subsequent EventSony Group Corporation approved the implementation of a stock split of its common stock as follows at the meeting of its Board of Directors held on May 14,2024.1.Method of

159、 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,was split into five(5)shares per share.2.Number of shares increased by Stock Split3.Schedule of Stock Split4

160、.Partial Amendment to Articles of IncorporationSony Group Corporation amended 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 Act of Jap

161、an,effective on October 1,2024,which is the effective date of the stock split.5.Impact on per share informationRefer to“Accounting Policy and Other Information(Net Income Attributable to Sony Group Corporations Stockholders and Weighted-average Number of Outstanding Shares Used for the Computation o

162、f EPS of Common Stock).”-23-Overview of Operating ResultsFor the overview of operating results for the second quarter ended September 30,2024,including the results forecast for the fiscal year ending March 31,2025,please refer to“Q2 FY2024 Consolidated Financial Results”(the presentation material fo

163、r the earnings announcement)disclosed on the same date as this document on the TDnet of the TSE,the EDGAR system of the 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

164、 design and develop and win acceptance of,as well as achieve sufficient 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

165、 new product and service introductions,rapid development in technology 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 o

166、f new technologies and distribution platforms;(iv)the effectiveness of 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

167、 government policies in the markets in which Sony and its third-party 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 m

168、arket trends with significant growth potential,to devote sufficient resources 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)

169、Sonys reliance on external business partners,including for the procurement 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

170、 in which Sony operates and the economic and political conditions in 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 a

171、bility to forecast demands,manage timely procurement and control inventories;(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 r

172、esults are denominated;(xii)Sonys ability to recruit,retain and maintain 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 itse

173、lf against claims that its products or services infringe the intellectual 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 in

174、come of the Financial Services segment;(xv)shifts in customer demand 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

175、 or similar events;(xvii)the ability of Sony,its third-party service 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

176、 business disruptions or financial losses;and(xviii)the outcome of pending 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 ar

177、e forward-looking statements about the future performance of Sony.Forward-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

178、“should,”and words of similar meaning in connection with a discussion 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

179、assumptions,judgments and beliefs in light of the information currently 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

180、 place undue reliance on them.Investors also should not rely on any obligation 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 ar

181、e not limited to:Risks and uncertainties also include the impact of any 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.-24-