Morningstar

Morningstar, Inc.

Equity Bottom-Up

Sony’s operating income guidance for the new fiscal year is JPY 810 billion, which is essentially flat from the previous year excluding a onetime profit, and in line with our forecast of JPY 820 billion. The new guidance will encourage the market, as we believe investors were concerned that Sony will not be able to compensate for the sharp slowdown of PlayStation 4 and mobile games, which had dragged down Sony’s share price over the past few months. We believe that profit from PlayStation 4…

Japan

Sony Group Corporation manufactures and distributes electronics products and provides related solutions. The Company produces televisions, cameras, mobiles, audio and video products. game equipment, and more. Sony Group also engages in game production,  movie production, music production, and other businesses.

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