Sony Group Corporation (SONY) Q1 2025 Earnings Conference Call August 7, 2025 3:00 AM ET

Company Participants

Lin Tao - CFO & Corporate Executive Officer
Naoya Horii - Corporate Participant
Sadahiko Hayakawa - Senior Vice President, In change of Finance and IR
Toshihide Endo - Corporate Executive Officer, President, CEO & Representative Director

Conference Call Participants

Junya Ayada - JPMorgan Chase & Co, Research Division
Minami Munakata - Unidentified Company
Ryosuke Katsura - SMBC Nikko Securities Inc., Research Division
Yasuo Nakane - Mizuho Securities Co., Ltd., Research Division
Yu Okazaki - Nomura Securities Co. Ltd., Research Division
Taruno Akira - Unidentified Company

Unidentified Company Representative

[Interpreted] It's now time to begin the Sony Group Corporation's consolidated earnings announcement meeting. I'll be serving as the MC. I'm Ishii from Corporate Communications.

Today, the financial results for the fiscal '25 first quarter and the full year forecast will be presented by Lin Tao, Corporate Executive Officer and CFO. Then an overview of the Financial Services segment, which is scheduled for partial spin-off and listing at the end of September will be given by Toshihide Endo, President and CEO of Sony Financial Group, Inc. That will be followed by a Q&A session.

The entire session is scheduled to last about 70 minutes. Please note that Ms. Tao wishes to deliver her remarks directly in English to the global audience. So a prerecorded video will be streamed on the English channel.

Lin Tao

Hello, everyone. Today, I will explain the content shown here. After that, Mr. Endo will explain the financial results of Sony Financial Group.

Sales of continuing operations for the quarter increased 2% compared to the same quarter of the previous fiscal year to JPY 2,621.6 billion, and operating income increased 36% to JPY 340 billion, both of which were record highs for the first quarter. Net