Sony’s Financial Unit Reports 10% Jump in Q3 Profits

Sony’s operating profits leaped by 10% in the third quarter, surpassing estimates and fueled by strong performances in its financial, film, and music activities.

The group, which announced last year that it is considering partially exiting its financial activities, has revealed its plans to list “Sony Financial Group” in October 2025.

The Japanese company achieved profits during the period from October to December, totaling 463.3 billion yen ($3.08 billion), surpassing the average estimate of 428 billion yen in a survey conducted by the London Stock Exchange Group of 11 analysts.

Sony, the inventor of the Walkman, has transformed from an electronics manufacturer into a giant entertainment and technology company that includes activities such as movies, music, gaming, and chips.

Sony said it sold 8.2 million units of the PlayStation 5 in the third quarter, which spans the peak shopping season at the end of the year, compared to sales of 7.1 million units in the same period last year. (Reuters)