Sony Posts Broad-Based Profit Gains

Profits in all major segments up in most recent quarter
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Profits in all major segments up in most recent quarter
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Total net income in Sony’s fiscal third quarter rose 33.5 percent to $1 billion on a 0.5 percent revenue gain to $21.5 billion, with profit growth posted in all major segments but semiconductors and component.

The semiconductor/component segment posted an operating loss, but profits grew in the mobile phone, home entertainment and sound, imaging, movies and music segments

Here’s how the key segments fared:

Home entertainment and sound:Operating income grew 19.8 percent to $260 million even though HE&S sales were down 4.3 percent to $3.35 billion.

Mobile phones: Profits rose 133.2 percent to $201 million though sales were down by 14.7 percent to $3.2 billion.

Imaging: Operating income grew 20.5 percent to $197 million though sales were down 5 percent to $1.6 billion. The segment includes consumer and professional products.

Pictures:Operating income grew 227.4 percent to $170 million on a revenue gain of 26.9 percent to $2.2 billion.

Music:Operating income grew 5.7 percent to $228 million on a revenue gain of 8.2 percent to $2.2 billion.

Semiconductors/components:The segment posted an operating loss of $97 million compared to a year-ago operating income.

Financial services:A 2.7 percent gain in operating income to $435 million came on a 5.6 percent revenue gain to $2.7 billion.

See Sony’s site for details.

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