Sony Corporation FY2025 Q4 Corporate Report

FY2025Consolidated Financial Results
(Fiscal year ended March 31, 2026)
Sony Group Corporation
May 8, 2026

1
Changes in Disclosure Classification of Consolidated Results
*1 From Q1 FY25, the results for FY24, the comparative period, have been re -presented to conform to the classification of continuing operations and the discontinued operation in accordance with IFRS Accounting
Standards (applies to all following pages).
* 2 The difference in results of Continuing Operations and results of “Sony without Financial Services” is the amount equivalent to intersegment transactions between the Financial Services segment and other segments,
and such difference is immaterial. This difference also applies to operating cash flows.
* 3
The difference in results of the Financial Services segment before being classified as a discontinued operation and results o f the Financial Services business after being classified as a discontinued operation is the amount equivalent to depreciation and amortization expenses of the Financial Services segment.
 Effective October1, 2025, SonyGroup Corporation executedapartial spin-off (the “Spin -off”) ofSony Financial GroupInc.(“SFGI”), aformerly wholly-owned
subsidiary whichoperates theFinancial Servicesbusiness.As aresult ofthe resolution ofthe Board ofDirectors ofSony Group Corporation onMay 14,2025
on aplan forthe execution ofthe Spin-off, Sony hasclassified theFinancial Servicesbusiness asadiscontinued operationinaccordance withIFRS®
Accounting Standardsasissued bythe International AccountingStandardsBoard(“IFRS Accounting Standards”) fromQ1 FY 25 ,and presented itseparately
from continuing operations excludingtheFinancial Servicesbusiness.
 From Q3 FY 25 ,Sony hasapplied theequity method tothe Financial Servicesbusiness (SFGIshares thatSony Group Corporation continues to hold ),and has
recorded profitorloss from SFGI shares accounted forusing theequity method asoperating incomeorloss incontinuing operations.
Previous Disclosure Classification Disclosure Classification Before
the Execution of the Spin- off (1H FY25) Disclosure Classification After
the Execution of the Spin- off (2H FY25)
FY24 *1 FY25
G&NS
Music
Pictures
ET&S
I&SS
All other /
Corporate and elimination *2
Financial Services * 3
Consolidated
Sony without Financial Services *2
G&NS
Music
Pictures
ET&S
I&SS
All other /
Corporate and elimination *2
Consolidated
Continuing Operations *2
Discontinued Operation *3
G&NS
Music
Pictures
ET&S
I&SS
Consolidated
Continuing Operations *2
All other /
Corporate and elimination
Profit or loss from SFGI
shares accounted for using the equity method

2
FY2025Results for Continuing Operations *1
(Bln Yen) FY24 FY25Change
Sales 12,034.912,479.6 +444.7
(+4%)
Operating income 1,276.6 1,447.5 +170.9
(+13%)
Operating income margin 10.6%11.6% +1.0 pts
Income before income taxes 1,343.2 1,422.4 +79.2
(+6%)
Net income attributable to Sony Group
Corporation’s stockholders
1,067.4 1,030.9 -36.5
( -3%)
Net income attributable to Sony Group
Corporation’s stockholders per share of
common stock （diluted）
*2
175.71 yen 171.44 yen – 4.27 yen
Operating Cash Flow 1,971.3 1,966.3 -5.1
( -0%)
Average Rate
1 US dollar 152.5
yen 150.7 yen
1 Euro
163.6 yen 174.7 yen
Dividend per Share *3
Interim Year-end Total Year-on -year
Change
12.5 yen 12.5 yen 25 yen +5 yen
*1 The above results represent the results for continuing operations. For FY25results on a consolidated basis including the discontinued operation, refer to “Consolidated Financial Summary for the Fiscal Year Ended March
31, 2026” (applies to all following pages).
*2 Sony Group Corporation conducted a five -for -one stock split of its common stock effective October 1, 2024, with a record date of September 30, 2024. The above figures for Net income attributable to Sony Group
Corporation’s stockholders per share of common stock (diluted) are calculated based on the assumption that the stock split wa s conducted at the beginning of FY24(applies to all following pages).
*3 The above year- on-year change amount of dividend per share represents the amount after the stock split. In addition, the amounts of dividend per share do not include the dividends in kind of the shares of SFGI from
the Spin- off in FY25.

3
FY2025Consolidated Results for Continuing Operations: Year -on -year change
Year- on-year
Change Contributing Factors
(+) Better ／(-) Worse
Sales +444.7 bln yen
+4 % (+) Increases in I&SS and Music segments sales
On a constant currency basis *, sales increased approximately 3%
Share of profit (loss) of
investments accounted
for using the equity
method
–
56.3 bln yen
( －) Recording of an additional share of loss of investments accounted for
using the equity method in All Other, resulting from the discontinuation
of the launch of Sony Honda Mobility’s electric vehicle models
(44.9 bln yen)
Operating income +170.9 bln yen
+13 % (+) Increases in I&SS and Music segments operating income
Financial income and
expenses, net
–
91.7 bln yen ( －) Decrease in unrealized gains mainly on Sony’s shares of Spotify
Technology S.A.
Income tax expense +109.6 bln yen
( －) Absence of decrease in tax expense from the repayment of capital
from a subsidiary in FY24 (48.4 blnyen)
( －) Absence of decrease in tax expense from the dissolution of a
subsidiary in FY24 (35.3 blnyen)
Effective tax rate
19 %→26%
* For further details about the impact of foreign exchange rate fluctuations on sales and operating income (loss), refer to p age26 (applies to all following pages).

4
FY2025 Results by Segment
(Bln Yen) FY24 FY25ChangeFX Impact
Game & Network Services
(G&NS)
Sales 4,670.0 4,685.7 +15.6
+87.3
Operatingincome 414.8 463.3 +48.4
+54.3
Music
Sales 1,842.6 2,120.1 +277.5
-16.9
Operating income 357.3 447.0 +89.7
Pictures
Sales 1,505.9 1,499.3 –
6.7
-9.9
Operating income 117.3 104.9 –
12.4
Entertainment, Technology ＆
Services (ET&S )
Sales 2,409.3 2,260.5 –
148.7
+7.1
Operating income 190.9158.6 –
32.3
+5.3
Imaging ＆ Sensing Solutions
( I&SS )
Sales 1,799.0 2,151.5 +352.5
-15.0
Operating income 261.1 357.3 +96.2
-12.5
All Other
Sales 96.3 89.1 -7.3
Operating income -18.0 -74.6 -56.7
Corporate and elimination
Sales – 288.3 -326.6 -38.3
Operating income -46.8 -8.9 +37.9
Continuing Operations
Sales 12,034.9 12,479.6 +444.7
Operating income 1,276.61,447.5 +170.9
Sales in each business segment represent sales recorded before intersegment transactions are eliminated (applies to all follo wing pages).
Operating income in each business segment represents operating income recorded before intersegment transactions are eliminated a nd excludes unallocated corporate expenses (applies to all following pages).

5 *The additional losses have been recorded in FY2025 and are expected to be recorded in FY2026. These losses are already incorp orated in the FY2026 operating income forecast.
Change in FY2025 Continuing Operations O perating Income (vs. February FCT)
-88.6 -9.6
-27.1 -21.2
-44.9
February
FCT
G&NS Music Pictures I&SS All Other Actual
Even though costs to streamline risk assets
and strengthen the business foundation increased,
business performance remained solid
.
Impairment losses
against Bungie,
Inc.’s intangible
and other assets
( Bln Yen)
1,540
1,447.5
Lower remeasurement gain from the acquisition
of additional equity interest in Peanuts Holdings
LLC
Higher remeasurement gain from the acquisition
of additional equity interest in an affiliate
previously accounted for using the equity method
Impairment losses against assets
associated with Pixomondo, which
operates VFX and virtual production
businesses, and related shutdown
costs
Impairment losses against a portion
of the display device business’s long –
lived assets
Higher losses associated with the
sale of an equity interest in Sony
Semiconductor Israel Ltd.
+99.0
Improvement driven
mainly by G& NS/I& SS
segments
Additional losses as a result
of the discontinuation of
Sony Honda Mobility’s EV
model launch and the
downsizing of the business
*
1,639.0

6
Q4FY2025 Results for Continuing Operations
(Bln Yen) Q4 FY24 Q4 FY25 Change
Sales 2,804.93,036.4 +231.5
(+8 %)
Operating income 215.2 163.5 -51.7
( -24%)
Operating income margin 7.7% 5.4% -2.3 pts
Income before income taxes 224.1 123.8 -100.3
( -45%)
Net income attributable to Sony Group
Corporation’s stockholders
224.4 83.1 -141.3
( -63%)
Net income attributable to Sony Group
Corporation’s stockholders per share of
common stock （diluted）
37.04 yen 13.93 yen – 23.11 yen
Average Rate
1 US dollar 152.6 yen156.7 yen
1 Euro 160.4 yen183.6 yen

7
Q4FY2025 Results by Segment
(Bln Y en ) Q4 FY24 Q4FY25 Change FX Impact
Game & Network Services
(G&NS)
Sales 1,051.3 1,022.4 –
28.9
+56.1
Operatingincome 92.7 54.1-
38.6
+14.7
Music
Sales 470.7 570.0 +99.3
+11.6
Operatingincome 83.6 132.4 +48.8
Pictures
Sales 414.6 472.9 +58.3
+14.4
Operatingincome 53.5 41.5-
12.0
Entertainment, Technology ＆
Services (ET&S )
Sales 484.1 492.4 +8.4
+19.0
Operating income -20.4 -4.9 +15.5
+6.9
Imaging ＆ Sensing Solutions
(I&SS)
Sales 409.0 524.4+115.3
+13.1
Operating income 34.532.8 –
1.7
+6.5
All Other
Sales 25.6 20.7 -4.9
Operating income -9.8 -67.6 -57.8
Corporate and elimination
Sales – 50.3 -66.3 -16.0
Operating income -18.9 -24.8 -5.8 .
Continuing Operations
Sales 2,804.9 3,036.4 +231.5
Operating income 215.2163.5 -51.7

8
FY2026Consolidated Results Forecast
(Bln Yen) FY25 FY26 FCT Change from FY25
Sales 12,479.6 12,300 -179.6
( -1 %)
Operating income 1,447.5 1,600 +152.5
(+11%)
Operating income margin 11.6%13.0% +1.4 pts
Income before income taxes 1,422.4 1,615 +192.6
(+14%)
Net income attributable to Sony Group
Corporation’s stockholders
*1 1,030.9 1,160 +129.1
（+13%）
Operating Cash Flow *1 1,966.3 1,500 -466.3
（- 24% ）
Foreign exchange rate Actual ・Average Assumption
1 US dollar
150.7 yen Approx. 150 yen
1 Euro
174.7 yen Approx. 173 yen
*1 Net income attributable to Sony Group Corporation’s stockholders and Operating Cash Flow for FY25represent the figures for continuing operations. As net income (loss) and operating cash flow from discontinued
operations are not expected to be incurred in the FY26forecast, there is no difference between the figures for continuing operations and the consolidated figures (applies to all f ollowing pages).
*2 Year -on -year Change of the above dividend forecast does not include the dividends in kind of the shares of SFGI from the Spin- off in FY25.
Dividend per Share (Planned)
Interim Year-end Total Year-on -year
Change *2
17.5 yen 17.5 yen 35 yen +10 yen

9
FY2026Consolidated Results Forecast: Change from FY2025
Year-on-year
Change Contributing Factors
(+) Better ／(-) Worse
Sales -179.6 bln yen
-1 % （－）Decrease in G&NS segment sales
Operating Income +152.5
bln yen
+11 %（＋）Increase in G&NS segment operating income
Income before income taxes +192.6
bln yen
+14 % （＋）Increase in operating income
（＋）Improvement in financial income and expenses, as a result of
foreign exchange gains and losses not being included in the
forecast
Net income attributable to
Sony Group Corporation’s
stockholders +129.1 bln yen
+13 % （＋）Increase in income before income taxes

10
FY2026Results Forecast by Segment
(Bln Yen) FY25 FY26FCT Change
Game & Network Services
(G&NS)
Sales 4,685.7 4,420
–
265.7
Operating income 463.3 600
+136.7
Music
Sales 2,120.1 2,140
+19.9
Operating income 447.0 400
–
47.0
Pictures
Sales 1,499.3 1,630
+130.7
Operating income 104.9 145
+40.1
Entertainment, Technology ＆
Services (ET&S )
Sales 2,260.5 2,250 –
10.5
Operating income 158.6 150-
8.6
Imaging ＆ Sensing Solutions
( I&SS )
Sales 2,151.5 2,070
–
81. 5
Operating income 357.3 400
+42.7
All Other, Corporate and
elimination
Operating Income – 83.5 –
95 –
11.5
Consolidated
Sales 12,479.6 12,300 -179.6
Operating income 1,447.5 1,600+152.5

11
Game & Network Services Segment
FY2025 (year-on-year)
 Sales: Essentially flat
(FX Impact: +87.3 bln yen)
（＋）Impact of foreign exchange rates
（＋）Increase in sales from network services
（＋）Increase in sales of non- first-party game software titles
（－）Decrease in sales of hardware due to a decrease in unit sales
 OI: 48.4 bln yen (12%) increase
(FX Impact: +54.3 blnyen)
（＋）Impact of increase in sales from network services
（＋）Positive impact of foreign exchange rates
（－）Recording of impairment losses against Bungie, Inc.’s intangible and other assets (Q2: 31.5 blnyen, Q4: 88.6
bln yen, FY25 total: 120.1 blnyen)
Sales, Operating Income and
Adjusted OIBDA
 Operating income reached a record high for the segment and increased 45% year- on-year excluding one -time items * 1 .
 User engagement remained solid, with Monthly Active Users
*2 in March increasing 1% year- on-year to 125 million
accounts, a record high for Q4, and total play time in Q4 FY25 increasing 1% year -on -year.
4,670.0 4,685.7
414.8 463.3
537.7 719.8
FY24 FY25
（Bln
Yen ）
Sales Operating Income Adjusted OIBDA
*1 Impairment losses against Bungie, Inc.’s intangible and other assets (120.1 blnyen) and expenses resulting from a correction in the amount of certain previously capitalized development costs (18.3 blnyen) recorded in FY25.
*2 Monthly Active Users is an estimated total number of unique accounts that played games or used services online on PlayStation during the last month of the quarter and is based on company research and may be updated in the
future.
Adjusted OIBDA is not a measure in accordance with IFRS Accounting Standards. However, Sony Group Corporation and its consoli dated subsidiaries (“Sony”) believe that this disclosure may be useful information to investors. For the
formula for Adjusted OIBDA, see page 26. For its reconciliation, see “Supplemental Information for the Consolidated Financial Results for the Fourth Quarter Ended March 31, 2026” (applies to all following pages).

12
FY2026 Forecast (year- on-year)
 Sales: 265.7 bln yen (6%) decrease
（－）Decrease in sales of hardware due to a decrease in unit
sales
（＋）Increase in sales of first -party game software titles
 OI: 136.7 bln yen (30%) increase
（＋）Absence of impairment losses against Bungie, Inc.’s
intangible and other assets recorded in FY25 (120.1 bln
yen)
（＋）Impact of increase in sales of first -party game software
titles
（－）Increase in costs
* Impairment losses against Bungie, Inc.’s intangible and other assets (120.1 blnyen) and expenses resulting from a correction in the amount of certain previously capitalized development costs (18.3 blnyen) recorded in FY25.
Sales, Operating Income and
Adjusted OIBDA
 Compared to the FY25 operating income results excluding one -time items *, the FY26 operating income forecast is
essentially flat year -on -year, which is due to the incorporation of an increase in investments for the next-generation
platform. Excluding these factors, profit generated by our current business is expected to grow steadily at a double -digit rate.
 We plan to base our PS5 hardware sales in FY26 on the volume of memory we can procure at reasonable pricesand we
expect hardware profitability to be essentially the same as FY25.
4,685.7 4,420
463.3 600
719.8
705
FY25 FY26
FCT
（Bln Yen ）
Game & Network Services Segment
Sales Operating Income Adjusted OIBDA

13
Music Segment
FY2025 (year-on-year)
 Sales: 277.5 bln yen (15%) increase
(FX Impact: – 16.9 bln yen)
（＋）Higher revenues from streaming services in Recorded Music and Music Publishing
（＋）Higher revenues from live events and merchandising in Recorded Music
（＋）Higher revenues in Visual Media & Platform （+）Contributions from Demon Slayer: Kimetsu no Yaiba
Infinity Castle and Kokuho released in FY25
（+ ）Higher revenues from game applications, mainly for
mobile
 OI: 89.7 bln yen (25%) increase
（＋）Impact of increase in sales
（＋）Recording of remeasurement gain from the acquisition of
additional equity interest in Peanuts Holdings LLC
(34.7 blnyen)
Sales, Operating Income and
Adjusted OIBDA
Even when excluding one -time items *, operating income reached a record high.
 FY25 full -year streaming revenue growth rates on a U.S. dollar basis were +9% year- on-year for Recorded Music and
+14% for Music Publishing.
1,842.6 2,120.1
357.3 447.0
449.1 507.8
FY24 FY25
（Bln
Yen ）
Sales Operating Income Adjusted OIBDA
* Remeasurement gains from the acquisition of additional equity interest in Peanuts Holdings LLC (34.7 blnyen) and an affiliate previously accounted for using the equity method (7.2 bln)

14
Music Segment
FY2026 Forecast (year- on-year)
 Sales: Essentially flat
（＋）Higher revenues from streaming services in Recorded
Music and Music Publishing
（－）Lower revenues from live events and merchandising in Recorded Music
（－）Lower revenues in Visual Media & Platform （－）Lower revenues from game applications, mainly for
mobile
（－）Decrease in contributions from Demon Slayer: Kimetsu
no Yaiba Infinity Castle andKokuho released in FY25
 OI:47 bln yen (11%) decrease
（－）Absence of the recording of remeasurement gains
associated with investments made in FY25
（－）Impact of lower revenues in Visual Media & Platform
（＋）Impact of the above -mentioned higher revenues from
streaming services
* Remeasurement gains from the acquisition of additional equity interest in Peanuts Holdings LLC (34.7 blnyen) and an affiliate previously accounted for using the equity method (7.2 bln)
Sales, Operating Income and
Adjusted OIBDA
 Excluding one -time items* recorded in FY25, operating income is expected to be at the same level, primarily because
growth in streaming revenue is expected to be offset mainly by the absence of the prior fiscal year hit Demon Slayer:
Kimetsu no Yaiba Infinity Castle .
2,120.1 2,140
447 400
507.8
510
FY25 FY26
FCT （Bln Yen ）
Sales Operating Income Adjusted OIBDA

15
Pictures Segment
FY2025 (year-on-year)
The following analysis is on a U.S. dollar basis
 Sales: Essentially flat
(U.S. dollar basis: +18 mil USD / +0%)
（＋）Higher revenues from Crunchyroll mainly due to paid
subscriber growth and the worldwide theatrical
distribution of Demon Slayer: Kimetsu no Yaiba Infinity
Castle*
（＋）Increase in series deliveries in Television Productions
（－）Lower revenues from theatrical releases in the current fiscal year in Motion Pictures
 OI: 12.4 blnyen (11%) decrease
(U.S. dollar basis: -87 mil USD / -11%)
（－）Impairment losses against assets associated with Pixomondo, which operates VFX and virtual production
businesses, and related shutdown costs (27.1 blnyen)
（－）Impact of decrease in sales for Motion Pictures
（＋）Higher contribution from catalog product in Motion Pictures
（＋）Impact of higher revenues from Crunchyroll
*Crunchyroll and Sony Pictures distributed the film theatrically worldwide, excluding Japan and select Asian territories.
Sales, Operating Income and
Adjusted OIBDA
 FY25 operating income on a yen basis increased approximately 13% year -on -year excluding the impairment losses against
assets associated with Pixomondo, and related shutdown costs.
1,505.9
1,499.3
117.3 104.9
174.3
185.5
FY24 FY25
（Bln
Yen ）
Sales Operating Income Adjusted OIBDA

16
Pictures Segment
FY2026 Forecast (year- on-year)
 Sales: 130.7 blnyen（9% ）increase
（＋）Higher revenues from theatrical releases in the current
fiscal year including several franchise films in Motion
Pictures
（＋）Higher revenues for Crunchyroll mainly due to paid subscriber growth
（－）Lower series deliveries in Television Productions
（－）Impact of foreign exchange rates
（－）Lower licensing revenues from catalog product in Motion Pictures
 OI: 40.1 blnyen（38% ）increase
（＋）Impact of increase in sales
（＋）Absence of impairment losses against assets associated
with Pixomondo, which operates VFX and virtual
production businesses, and related shutdown
costs recorded in FY25
（ー）Lower contribution from catalog product in Motion Pictures
Sales, Operating Income and
Adjusted OIBDA
1,499.3 1,630
104.9 145
185.5
195
FY25 FY26
FCT
（Bln Yen ）
Sales Operating Income Adjusted OIBDA
 We are focusing on creating and strengthening franchises, and we plan to release Spider-Man: Brand New Day and
Jumanji: Open World in FY26.

17
Entertainment, Technology & Services Segment
FY2025 (year-on-year)
 Sales: 148.7 bln yen (6%) decrease
(FX Impact: +7.1 bln yen)
（－）Decrease in unit sales in Displays
 OI: 32.3 bln yen (17%) decrease
(FX Impact : +5.3 bln yen ）
（－）Impact of decrease in sales in Displays
（＋）Reductions in operating expenses
Sales, Operating Income and
Adjusted OIBDA
 The market conditions in Q4 FY25 trended essentially in line with our February forecast despite geopolitical risk in various
regions and concerns about a macroeconomic slowdown. The financial results for the segment and our inventory level
were also essentially in line with our forecast.
2,409.3 2,260.5
190.9 158.6
290.9
261.7
FY24 FY25
（Bln
Yen ）
Sales Operating Income Adjusted OIBDA

18
Entertainment, Technology & Services Segment
FY2026 Forecast (year- on-year)
 Sales: Essentially flat
 OI: 8.6 blnyen (5%) decrease
（－）Impact of costs associated with the implementation of the
strategic partnership with TCL *in the Home
Entertainment field
（＋）Impact of increase in sales in Imaging
* TCL Electronics Holdings Limited and its subsidiaries
Sales, Operating Income and
Adjusted OIBDA
 We expect to contain at approximately 30 billion yen the impact of the increase in memory prices on our FY26forecast
through procurement, design and sales actions in various regions.
 We have incorporated approximately 20 billion yen of expenses in the FY26operating income forecast, including project
implementation costs necessary to execute the partnership, system migration costs and personnel -related costs.
 Excluding these impacts, operating income in FY26is expected to improve across each business, led by the Imaging business.
2,260.5
2,250
158.6 150
261.7
260
FY25 FY26 FCT （Bln
Yen ）
Sales Operating Income Adjusted OIBDA

19
Imaging & Sensing Solutions Segment
FY2025 (year -on -year)
 Sales: 352.5blnyen (20%) increase
(FXImpact: -15.0 blnyen）
（＋）Increase in sales of image sensors for mobile products （＋）Improvement in product mix
（＋）Increase in unit sales
 OI: 96.2 bln yen (37%) increase
(FX Impact: -12.5 blnyen）
（＋）Impact of increase in sales
（－）Recording of restructuring costs （－） Loss associated with the sale of equity interest in
Sony Semiconductor Israel Ltd. (19.9 blnyen)
（－）Impairment losses against a portion of the display
device business’s long -lived assets (16.5 blnyen)
Sales, Operating Income and
Adjusted OIBDA
Operating income reached a record high despite the recording of one -time restructuring costs.
 In Q4 FY25, the impact of memory market conditions gradually became more apparent in the smartphone market,
especially in the low -end, but our mobile sensor sales exceeded our forecast, primarily due to strong shipments to our
major customer.
1,799.0 2,151.5
261.1 357.3
534.2
658.8
FY24 FY25
（Bln
Yen ）
Sales Operating Income Adjusted OIBDA

20
Imaging & Sensing Solutions Segment
FY2026 Forecast (year- on-year)
 Sales: 81.5 bln yen (4%) decrease
（－）Decrease in sales of image sensors for mobile products
（＋）Increase in sales of image sensors for digital cameras
 OI: 42.7 bln yen (12%) increase
（＋）Absence of restructuring costs recorded in FY25
（＋） Loss associated with the sale of equity interest in
Sony Semiconductor Israel Ltd. (19.9 blnyen)
（＋）Impairment losses against a portion of the display
device business’s long -lived assets (16.5 blnyen)
（＋）Impact of increase in sales for digital cameras
（＋）Decrease in research and development expenses
（－）Impact of decrease in sales of image sensors for mobile products
Sales, Operating Income and
Adjusted OIBDA
Because of our cautious view of the growth of the sensor market, due to our view that the trend toward larger- sized
sensors for smartphones will moderate and the uncertainty regarding the impact of memory market conditions will remain,
we have incorporated into our FY26 forecast a slight year- on-year decrease in the overall sales of mobile sensors.
 Reflecting the benefit of our efforts to address low -profitability businesses in Q4 FY25, our operating income forecast in
FY26 is essentially flat compared to the previous fiscal year if restructuring costs in FY25 are excluded.
2,151.5 2,070
357.3 400
658.8
655
FY25 FY26
FCT （Bln Yen ）
Sales Operating Income Adjusted OIBDA

21
Please refer to page 2 in “Consolidated Financial Summary for the Fiscal Year Ended March 31, 2026″ for the Consolidated Statements of Financial Position and page 17 in “Consolidated Financial Summary for the Fiscal
Year Ended March 31, 2025″ for the Condensed Statements of Financial Position for Sony without Financial Services.
Figures for Sony without Financial Services are not measures in accordance with IFRS Accounting Standards. However, Sony beli eves that these disclosures may be useful information to investors.
Cash and Debt Balance
993.3 1,764.7
2,208.9
228.0 258.9 311.8
1,355.0 1,376.61,357.9
1,583.0 1,635.5 1,669.7
-589.7 129.2
539.2
（Bln
Yen）
Cash
Debt
Net
Cash Position
FY2023 (Sony without Financial Services) FY2024 (Sony without Financial Services) FY2025
（as of March 31, 2024） （as of March 31, 2025）（as of March 31, 2026）
Cash and cash equivalents (Cash)
Short -term borrowings
Net Cash Position (Cash –Debt)
Long -term debt Debt

22
Please refer to page 9in “Consolidated Financial Summary for the Fiscal Year Ended March 31, 2026” for the Consolidated Stateme nts of Cash Flows.
* Including depreciation and amortization (including amortization of contract costs), other operating (income) expense, net, (g ain) loss on securities, net, and the share of loss of investments accounted for using the equity
method, net of dividends.
FY2025 Cash Flow (CF) for Continuing Operations: Year -on -year Change
(Bln Yen) FY25 Year- on-year
Change Contributing Factors
(+) Better / (- ) Worse
Operating CF +1,966.3 –
5.1 decrease in
net cash inflow
( －) Smaller decrease in trade receivables and contract assets
( －) Smaller decrease in inventories
( －) Smaller increase in trade payables
(+) Increase in income before income taxes after taking into account non-cash
adjustments*
Investing CF – 784.2 +119.0 decrease in
net cash outflow
( + ) Decrease in payments for purchases of property, plant and equipment
( + ) Decrease in payments for purchases of businesses and other
( －) Increase in payments for investments and advances
Financing CF – 833.5 –
556.2 increase in
net cash outflow
( －) Increase in payments for purchases of treasury stock
( －) Decrease in capital contribution from non -controlling interests
( －) Decrease in proceeds from issuance of long -term debt
Cash and Cash
Equivalents
2,208.9 +444.2

23
5th Mid-Range Plan Financial Targets (FY2024~FY2026)
CAGR of Operating Income
(Continuing Operations)
(FY2023→FY2026)
Three- Year Cumulative
Operating Income Margin
(Continuing Operations)
(FY2024~FY2026)
10 ％ or more 10 ％ or more

24
Progress of 5th Mid-Range Plan Financial Targets (FY2024~FY2026)
Forecast for CAGR of
Operating Income
(Continuing Operations)
(FY2023→FY2026)
Forecast for Three- Year
Cumulative Operating Income Margin
(Continuing Operations)
(FY2024~FY2026)
16 ％ 11.7 ％

25
*1 This represents an increase in operating cash flow from the forecast at the end of Q3 FY2020 in the 3rd Mid -Range Plan and a del ay in cash outflows related to strategic investment projects that have already been
decided upon.
* 2 Dividends paid in the 4th Mid -Range Plan were approximately 280 billion yen.
*3 Strategic investments include investments in major music catalogs included in operating cash flow.
*4 Operating cash flow does not include the impact of investments in major music catalogs, which are included in strategic inves tments. Operating cash flow is on the basis ofSony without Financial Services in the 4th Mid –
Range Plan, and the basis of continuing operations in the 5th Mid -Range Plan. Figures for Sony without Financial Services are no t measures in accordance with IFRS Accounting Standards. However, Sony believes that
these disclosures may be useful information to investors.
*5 Capital expenditures also include increases in right -of -use assets related to lease agreements.
Capital Allocation
5.7
4.8
2.5 1.0 0.4
5.74.83.9
1.9 1.71.8
1.3
1.8 1.8
0.4 0.3
3.9 4.85.7
Source of Capital Allocation
Breakdown of Capital Allocation
(Tn Yen)
Capital
Expenditure Strategic
Investment
4
th Mid-Range
(FY2021～FY2023)
Results 5
th Mid
-Range
(FY2024～FY2026)
Previous Forecast
(As of May 2025)
5th Mid -Range
(FY2024～FY2026)
Latest Forecast
(As of May 2026)
Asset sales/
Debt financing
Operating Cash Flow
5th Mid -Range
(FY2024～FY2026)
Latest Forecast
(As of May 2026)
5th Mid -Range
(FY2024～FY2026)
Previous Forecast
(As of May 2025)
4th Mid -Range
(FY2021～FY2023)
Results
Carry -over
from the 3rd
Mid -Range Plan
and earlier
(Tn Yen)
* 2
* 3
* 5 *
1
*4
Shareholder
Returns
Strategic
InvestmentCapital
Expenditure
* 5
*
3
Dividends
Share
Buyback
Shareholder
Returns

26
Notes
Notes about Adjusted OIBDA
Adjusted OIBDA (Operating Income Before Depreciation and Amortization) iscalculated by the following formula:
Adjusted OIBDA = Operating income + Depreciation and amortization expense* -the profit and loss amount that Sony deems non- recurring
* In the above formula, depreciation and amortization expense excludes amortization for film costs and broadcasting rights, as well as forinternally developed game content
and master recordings included in Content assets.
Adjusted OIBDA is not a measure in accordance with IFRS Accounting Standards. However, Sony believes that this disclosure may beuseful information to investors. Adjusted
OIBDA should be considered in addition to, not as a substitute for, Sony’s results in accordance with IFRS Accounting Standar ds.
Sales on a Constant Currency Basis and the Impact of Foreign Exchange Rate Fluctuations
The descriptions of sales on a constant currency basis reflect sales calculated by applying the yen’s monthly average exchang e rates from the same period of the previous fiscal
year to local currency -denominated monthly sales in the relevant period of the current fiscal year. For Sony Music Entertainment (“SME”) and Sony Music Publishing LLC (“SMP”)
in the Music segment, and in the Pictures segment, the constant currency amounts are calculated by applying the monthly average U.S. dollar / yen exchange rates after
aggregation on a U.S. dollar basis.
Results for the Pictures segment are described on a U.S. dollar basis as the Pictures segment reflects the operations of Sony Pictures Entertainment Inc. (“SPE”), a U.S. -based
operation that aggregates the results of its worldwide subsidiaries in U.S. dollars.
The impact of foreign exchange rate fluctuations on sales is calculated by applying the change in the yen’s periodic weighted average exchange rate for the same period of the
previous fiscal year from the relevant period of the current fiscal year to the major transactional currencies in which the sale s are denominated. The impact of foreign exchange
rate fluctuations on operating income (loss) is calculated by subtracting from the impact on sales the impact on cost of sale s and selling, general and administrative expenses
calculated by applying the same major transactional currencies calculation process to cost of sales and selling, general and administrative expenses as for the impact on sales.
The I&SS segment enters intoits own foreign exchange hedging transactions, and the impact of those transactions is included in the impact of foreign exchan ge rate
fluctuations on sales and operating income (loss) for that segment.
This information is not a substitute for Sony’s consolidated financial statements and condensed (semi -annual) consolidated financial statements measured in accordance with
IFRS Accounting Standards. However, Sony believes that these disclosures provide additional useful analytical information to investors regarding the operating performance of
Sony.
Notes about Financial Performance of the Music
and Pictures segments
The Music segment results include the yen- based results of Sony Music Entertainment (Japan) Inc. and the yen- translated results of SME and SMP, which aggregate the results
of their worldwide subsidiaries on a U.S. dollar basis.
The Pictures segment results are the yen- translated results of SPE, which aggregates the results of its worldwide subsidiaries on a U.S. dollar basis. Management analyzes the
results of SPE in U.S. dollars, so discussion of certain portions of its results is specified as being on “a U.S. dollar basi s.”

27
Cautionary Statement
Statements made in this material with respect to Sony’s current plans, estimates, strategies and beliefs and other statementsthat are not historical facts are forward -looking statements
about the future performance of Sony. Forward -looking statements include, but are not limited to, those statements using words s uch as “believe,” “expect,” “plans,” “strategy,” “prospects,”
“forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of s imilar 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 management’s assumptions, judgments and beliefs in light of the information currently available to it. Sony caut ions 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 theref ore investors should not 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 are not limited to:
( i) Sony’s ability to maintain product quality and customer satisfaction with its products and services;
(ii) Sony’s ability to continue to 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 characterize d by severe price competition and continual new
product and service introductions, rapid development in technology and subjective and changing customer preferences;
(iii) Sony’s 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 of Sony’s strategies and their execution, including but not limited to the success of Sony’s 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 suppliers, service pro viders and business partners operate, including those
related to taxation, as well as growing consumer focus on corporate social responsibility;
(vi) Sony’s continued ability to identify the products, services and market trends with significant growth potential, to devote s ufficient 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) Sony’s reliance on external business partners, including for the procurement of parts, components, software and network serv ices 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 Sony’s markets, particularly levels of consumer spending;
(ix) Sony’s ability to meet operational and liquidity needs as a result of significant volatility and disruption in the global f inancial markets or a ratings downgrade;
(x) Sony’s ability 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 Sony’s assets, liabilities and operating results are denominated;
(xii) Sony’s ability to recruit, retain and maintain productive relations with highly skilled personnel;
(xiii) Sony’s 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 intellectual property rights owned by others;
(xiv) risks related to catastrophic disasters, geopolitical conflicts, pandemic disease or similar events;
(xv) the ability of Sony, its third -party service providers or business partners to anticipate and manage cybersecurity risk, includ ing the risk of unauthorized access to Sony’s business
information and the personally identifiable information of its employees and customers, potential business disruptions or fin ancial losses; and
(xvi) the outcome of pending and/or future legal and/or regulatory proceedings.
Risks and uncertainties also include the impact of any future events with material adverse impact. The continued impact of de velopments relating to the situations in Ukraine and Russia and
in the Middle East ,as well as the series of changes in U.S. tariff policy, could heighten many of the risks and uncertainties noted above. Impor tant information regarding risks and
uncertainties is also set forth in Sony’s most recent Form 20 -F, which is on file with the U.S. Securities and Exchange Commissi on.