Sony operating profit rises 42.9% in first half

Sony recognized ¥308.721 billion in long-term debt secured by the acquired assets; its full-year dividend forecast is ¥35.00 per share.

Available on EDGAR 11/05/2026 - 06:05 AM EST Accepted by SEC EDGAR 11/05/2026 - 06:01 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Sony Group Corporation reported results for the six months ended September 30, 2026. Sales were ¥6,267.217 billion, up 9.4% from a year earlier; operating income was ¥1,098.828 billion, up 42.9%; and net income attributable to Sony stockholders was ¥791.764 billion, up 38.8%. Basic earnings per share was ¥134.89.

Operating cash flow was ¥655.360 billion, compared with ¥471.616 billion a year earlier. For the fiscal year ending March 31, 2027, Sony forecast sales of ¥13 trillion, operating income of ¥1.870 trillion and net income attributable to stockholders of ¥1.330 trillion. Its total annual dividend forecast is ¥35.00 per share, including ¥17.50 at the second-quarter end and ¥17.50 at year-end.

On July 15, 2026, a consolidated subsidiary in the Music segment completed the acquisition of 100% of the equity interests in a company owning certain music and other assets for total cash consideration of ¥256.381 billion. Sony recognized ¥542.652 billion in music-catalog content assets and ¥308.721 billion in long-term debt secured by those assets. Sony’s Financial Services spin-off took effect October 1, 2025; the business is reported as discontinued operations in prior-year comparisons.

4 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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Positive

• Moderate pointSix-month sales reached ¥6,267.217 billion, up 9.4% year over year.
• Moderate pointOperating income reached ¥1,098.828 billion, up 42.9% year over year.
• Moderate pointNet income attributable to Sony stockholders reached ¥791.764 billion, up 38.8%.
• Moderate pointOperating cash flow was ¥655.360 billion, versus ¥471.616 billion a year earlier.

Negative

• None.

Filing Explained

After SFGI’s June 25, 2026 annual meeting, Sony concluded it no longer had significant influence over SFGI, removed it from equity-method accounting, and reclassified its shares as an equity instrument measured at fair value through other comprehensive income; the resulting gain or loss was not material.

Key Figures

Sales: ¥6,267.217 billion Operating income: ¥1,098.828 billion Net income attributable to Sony Group Corporation’s stockholders: ¥791.764 billion +5 more

8 metrics

Sales ¥6,267.217 billion Six months ended September 30, 2026; up 9.4% from the prior-year period

Operating income ¥1,098.828 billion Six months ended September 30, 2026; up 42.9% from the prior-year period

Net income attributable to Sony Group Corporation’s stockholders ¥791.764 billion Six months ended September 30, 2026; up 38.8% from the prior-year period

Operating cash flow ¥655.360 billion Six months ended September 30, 2026; compared with ¥471.616 billion in the prior-year period

Fiscal 2027 sales forecast ¥13 trillion Fiscal year ending March 31, 2027

Fiscal 2027 operating income forecast ¥1.870 trillion Fiscal year ending March 31, 2027

Fiscal 2027 net income attributable to stockholders forecast ¥1.330 trillion Fiscal year ending March 31, 2027

Annual dividends forecast ¥35.00 per share Fiscal year ending March 31, 2027

Key Terms

discontinued operations, equity method, content assets, non-controlling interests

4 terms

discontinued operations financial

"Net income from discontinued operations"

Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.

equity method financial

"investments accounted for using the equity method"

An equity method investment is an accounting approach used when a company owns enough of another business to influence its decisions but not control it (commonly around 20–50% ownership). Instead of counting only dividends, the investor records its share of the other company’s profits and losses on its own income statement and adjusts the investment’s value on the balance sheet—like tracking a friend’s joint project by noting your share of their gains or setbacks. For investors, this matters because it can significantly affect reported earnings, asset values, and the apparent strength of a company’s financial results.

content assets financial

"recognized 542,652 million yen of content assets (music catalogs)"

non-controlling interests financial

"recognized 66,302 million yen of non-controlling interests"

An ownership stake in a subsidiary held by outside shareholders rather than the parent company, representing the portion of that subsidiary’s assets and profits the parent does not control. For investors, it shows what part of consolidated earnings and equity belongs to others — like a roommate who owns part of a house — which affects how much value and profit per share are truly attributable to the parent company’s shareholders.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Sony's sales and profits for the six months ended September 30, 2026?

Sony Group Corporation reported sales of ¥6,267.217 billion, operating income of ¥1,098.828 billion and net income attributable to its stockholders of ¥791.764 billion for the six months ended September 30, 2026. Those figures were up 9.4%, 42.9% and 38.8%, respectively, from the prior-year period.

What dividend does Sony forecast for the fiscal year ending March 31, 2027?

Sony forecasts total annual dividends of ¥35.00 per share, including ¥17.50 per share at the second-quarter end and ¥17.50 at year-end. December 4, 2026 was listed as the scheduled date to commence dividend payment.

How much of Sony's music-assets acquisition payment was reflected in investing cash flow?

Of the ¥256.381 billion total cash consideration, ¥239.866 billion, after deducting cash and cash equivalents held by the acquired company, was reflected in cash flows from investing activities under “Payments for purchases of businesses and other.”

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of November 2026

Commission File Number: 001-06439

SONY GROUP CORPORATION

(Translation of registrant’s name into English)

1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN

(Address of principal executive offices)

The registrant files annual reports under cover of Form 20-F.

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F,

Form 20-F x Form 40-F ¨

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SONY GROUP CORPORATION (Registrant)
	By:	/s/ Lin Tao
		(Signature)
	Lin Tao
	Chief Financial Officer

Date: November 5, 2026

List of Materials

Documents attached hereto:

Consolidated Financial Summary for the Second Quarter (Semi-annual) Ended September 30, 2026

Consolidated Financial Summary for the Second Quarter (Semi-annual)

Ended September 30, 2026

(In accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”))

November 5, 2026
Company name	: Sony Group Corporation
Stock exchange listing	: Tokyo Stock Exchange (“TSE”)
Securities code	: 6758
URL	: https://www.sony.com/en/SonyInfo/IR/
Representative	: Hiroki Totoki, Representative Corporate Executive Officer
Contact person	: Shunsuke Shinchi, General Manager, Investor Relations Section, Investor Relations Department
Telephone	: +81-3-6748-2111
Scheduled date to file semi-annual securities report	: November 10, 2026
Scheduled date to commence dividend payment	: December 4, 2026
Preparation of supplementary materials on financial results	: Yes
Holding of financial results briefing	: Yes (for investors and analysts)

(Amounts are rounded to the nearest million yen, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2026 (from April 1, 2026 to September 30, 2026)

(1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

	Sales		Operating income		Income before income taxes		Net income*		Net income attributable to Sony Group Corporation’s stockholders*
Six months ended	Yen in millions	%	Yen in millions	%	Yen in millions	%	Yen in millions	%	Yen in millions	%
September 30, 2026	6,267,217	9.4	1,098,828	42.9	1,100,645	37.9	806,860	38.8	791,764	38.8
September 30, 2025	5,729,522	3.5	768,929	20.4	798,362	18.9	581,227	14.5	570,452	13.7

	Total comprehensive income*		Basic earnings per share*	Diluted earnings per share*
Six months ended	Yen in millions	%	Yen	Yen
September 30, 2026	754,506	12.4	134.89	134.30
September 30, 2025	670,993	138.8	95.09	94.51

* Effective October 1, 2025, Sony Group Corporation executed a partial spin-off of Sony Financial Group Inc. (“SFGI”), a formerly wholly-owned subsidiary which operates the Financial Services business (the “Spin-off”). As a result of the resolution of Sony Group Corporation’s Board of Directors on May 14, 2025 on a plan for the execution of the Spin-off, the Financial Services business has been classified as a discontinued operation and presented separately from continuing operations, comprised of Sony’s businesses excluding the Financial Services business, from the three months ended June 30, 2025, in accordance with IFRS Accounting Standards. Therefore, the above figures for net income, net income attributable to Sony Group Corporation’s stockholders, total comprehensive income, basic earnings per share and diluted earnings per share for the six months ended September 30, 2025 represent the results for continuing operations. The year-on-year percentage changes of net income, net income attributable to Sony Group Corporation’s stockholders and total comprehensive income for the six months ended September 30, 2026 are calculated using the figures for continuing operations for the six months ended September 30, 2025. As net income (loss) from discontinued operations was not recorded in the six months ended September 30, 2026, there is no difference between the figures for continuing operations and the consolidated figures for the six months ended September 30, 2026. For details of discontinued operations, please refer to “Notes to Condensed Semi-annual Consolidated Financial Statements - Accounting Policy and Other Information (Discontinued operations)” on page 19 of the Appendix.

(2) Consolidated financial position

	Total assets	Total equity	Equity attributable to Sony Group Corporation’s stockholders	Ratio of equity attributable to Sony Group Corporation’s stockholders to total assets
As of	Yen in millions	Yen in millions	Yen in millions	%
September 30, 2026	16,667,715	9,003,558	8,550,372	51.3
March 31, 2026	15,683,490	8,513,589	8,119,011	51.8

- 1 -

2. Dividends

	Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2026*	-	12.50	-	12.50	25.00
Fiscal year ending March 31, 2027	-	17.50
Fiscal year ending March 31, 2027 (Forecast)			-	17.50	35.00

Note: Revisions to the forecast of dividends most recently announced: No

* Upon the execution of the above-mentioned Spin-off, Sony Group Corporation distributed dividends in kind to shareholders appearing in its register of shareholders as of the record date, September 30, 2025, at the rate of one share of common stock of SFGI to one share of common stock of Sony Group Corporation held by each shareholder. However, the above dividends for the fiscal year ended March 31, 2026 do not include such dividends in kind.

3. Forecast for Consolidated Results for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes.)

Fiscal year ending March 31, 2027	Sales		Operating income		Income before income taxes		Net income attributable to Sony Group Corporation’s stockholders*
	Yen in millions	%	Yen in millions	%	Yen in millions	%	Yen in millions	%
Full year	13,000,000	4.2	1,870,000	29.2	1,860,000	30.8	1,330,000	29.0

Note: Revisions to the forecast for the fiscal year ending March 31, 2027 most recently announced: Yes

* The year-on-year percentage change of net income attributable to Sony Group Corporation’s stockholders is calculated using net income from continuing operations attributable to Sony Group Corporation’s stockholders for the fiscal year ended March 31, 2026. As net income (loss) from discontinued operations is not expected to be incurred in the fiscal year ending March 31, 2027, there is no difference between the figure for net income attributable to Sony Group Corporation’s stockholders for continuing operations and the consolidated figure in the forecast for the fiscal year ending March 31, 2027.

- 2 -

Notes

(1)	Significant changes in the scope of consolidation during the period		: No
(2)	Changes in accounting policies and changes in accounting estimates:
	(i)	Changes in accounting policies required by IFRS Accounting Standards	: Yes
	(ii)	Changes in accounting policies due to other reasons	: No
	(iii)	Changes in accounting estimates	: No

(3) Number of issued shares (common stock):

(i)  Total number of issued shares at the end of the period (including treasury stock)

As of September 30, 2026	5,965,316,326	shares
As of March 31, 2026	6,149,810,645	shares

(ii)  Number of shares of treasury stock at the end of the period

As of September 30, 2026	125,470,354	shares
As of March 31, 2026	242,143,391	shares

(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30, 2026	5,869,912,621	shares
Six months ended September 30, 2025	5,999,085,243	shares

Note:

Please refer to “Notes to Condensed Semi-annual Consolidated Financial Statements - Accounting Policy and Other Information (Net Income Attributable to Sony Group Corporation’s Stockholders per Share (“EPS”) and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)” on page 17 of the Appendix for number of shares used as basis for calculating consolidated per share data.

* This Consolidated Financial Summary for the Second Quarter (Semi-annual) is not subject to review by certified public accountants or an audit firm.

* Proper use of earnings forecasts, and other special matters:

Please refer to “Cautionary Statement” on page 20 of the Appendix for assumptions and other matters related to the forecast of financial results.

Supplementary materials on financial results including the presentation material for the earnings announcement are available on Sony Group Corporation’s website along with this document.

- 3 -

(Appendix)

Table of Contents for Appendix

Condensed Semi-annual Consolidated Financial Statements (Unaudited)	2
Condensed Semi-annual Consolidated Statements of Financial Position	2
Condensed Quarterly Consolidated Statements of Income (Three months ended September 30)	4
Condensed Quarterly Consolidated Statements of Comprehensive Income (Three months ended September 30)	5
Condensed Semi-annual Consolidated Statements of Income (Six months ended September 30)	6
Condensed Semi-annual Consolidated Statements of Comprehensive Income (Six months ended September 30)	7
Condensed Semi-annual Consolidated Statements of Changes in Stockholders’ Equity (Six months ended September 30)	8
Condensed Semi-annual Consolidated Statements of Cash Flows (Six months ended September 30)	9
Notes to Condensed Semi-annual Consolidated Financial Statements	11
-      Business Segment Information	11
-      Going Concern Assumption	17
-      Accounting Policy and Other Information	17
Overview of Operating Results	20
Cautionary Statement	20

All financial information is prepared in accordance with IFRS Accounting Standards.

Sony Group Corporation and its consolidated subsidiaries are together referred to as “Sony” or “Sony Group.”

- 4 -

(Unaudited)

Condensed Semi-annual Consolidated Financial Statements

Condensed Semi-annual Consolidated Statements of Financial Position

		Yen in millions
		March 31, 2026				September 30, 2026				Change from March 31, 2026
ASSETS
Current assets:
Cash and cash equivalents			2,208,879				2,009,334				(199,545	)
Trade and other receivables, and contract assets			1,821,916				2,174,335				352,419
Inventories			1,227,351				1,452,548				225,197
Other financial assets			28,167				32,117				3,950
Other current assets			663,678				695,049				31,371
Total current assets			5,949,991				6,363,383				413,392
Non-current assets:
Investments accounted for using the equity method			483,709				348,952				(134,757	)
Property, plant and equipment			1,453,805				1,389,232				(64,573	)
Right-of-use assets			524,345				536,894				12,549
Goodwill			1,673,906				1,653,097				(20,809	)
Content assets			2,558,615				3,156,439				597,824
Other intangible assets			659,578				655,666				(3,912	)
Deferred tax assets			560,800				547,050				(13,750	)
Other financial assets			1,173,819				1,341,404				167,585
Other non-current assets			644,922				675,598				30,676
Total non-current assets			9,733,499				10,304,332				570,833
Total assets			15,683,490				16,667,715				984,225

(Continued on the following page.)

- 5 -

Condensed Semi-annual Consolidated Statements of Financial Position (Continued)

		Yen in millions
		March 31, 2026				September 30, 2026				Change from March 31, 2026
LIABILITIES
Current liabilities:
Short-term borrowings			51,183				45,904				(5,279	)
Lease liabilities			94,160				97,956				3,796
Current portion of long-term debt			166,410				165,932				(478	)
Trade and other payables			2,240,566				2,331,088				90,522
Income taxes payable			196,000				238,429				42,429
Participation and residual liabilities in the Pictures segment			223,233				196,516				(26,717	)
Contract liabilities			594,336				735,814				141,478
Other financial liabilities			115,785				25,652				(90,133	)
Other current liabilities			1,350,951				1,267,220				(83,731	)
Total current liabilities			5,032,624				5,104,511				71,887
Non-current liabilities:
Long-term debt			824,393				1,236,034				411,641
Lease liabilities			533,523				541,024				7,501
Defined benefit liabilities			165,017				158,765				(6,252	)
Deferred tax liabilities			211,391				240,599				29,208
Participation and residual liabilities in the Pictures segment			140,893				126,382				(14,511	)
Other financial liabilities			105,827				108,062				2,235
Other non-current liabilities			156,233				148,780				(7,453	)
Total non-current liabilities			2,137,277				2,559,646				422,369
Total liabilities			7,169,901				7,664,157				494,256
EQUITY
Sony Group Corporation’s stockholders’ equity:
Common stock			881,357				881,357				-
Additional paid-in capital			1,465,499				895,196				(570,303	)
Retained earnings			5,294,890				6,009,810				714,920
Accumulated other comprehensive income			1,229,371				1,180,202				(49,169	)
Treasury stock, at cost			(752,106	)			(416,193	)			335,913
Equity attributable to Sony Group Corporation’s stockholders			8,119,011				8,550,372				431,361
Non-controlling interests			394,578				453,186				58,608
Total equity			8,513,589				9,003,558				489,969
Total liabilities and equity			15,683,490				16,667,715				984,225

- 6 -

Condensed Quarterly Consolidated Statements of Income

		Yen in millions
		Three months ended September 30
		2025				2026				Change
Continuing operations
Sales			3,107,907				3,429,446				321,539
Costs and expenses:
Cost of sales			2,100,373				2,162,111				61,738
Selling, general and administrative			552,949				629,166				76,217
Other operating (income) expense, net			23,964				(6,947	)			(30,911	)
Total costs and expenses			2,677,286				2,784,330				107,044
Share of profit (loss) of investments accounted for using the equity method			(1,647	)			(22,787	)			(21,140	)
Operating income			428,974				622,329				193,355
Financial income			31,453				21,264				(10,189	)
Financial expenses			18,666				20,439				1,773
Income before income taxes			441,761				623,154				181,393
Income taxes			123,354				166,301				42,947
Net income from continuing operations			318,407				456,853				138,446
Discontinued operations
Net income from discontinued operations			50,543				-				(50,543	)
Net income			368,950				456,853				87,903
Net income attributable to
Sony Group Corporation’s stockholders			361,968				449,603				87,635
Net income from continuing operations			311,425				449,603				138,178
Net income from discontinued operations			50,543				-				(50,543	)
Non-controlling interests			6,982				7,250				268

		Yen
		Three months ended September 30
		2025				2026				Change
Per share data:
Net income attributable to Sony Group Corporation’s stockholders
- Basic			60.48				76.88				16.40
Continuing operations			52.03				76.88				24.85
Discontinued operations			8.45				-				(8.45	)
- Diluted			60.10				76.49				16.39
Continuing operations			51.71				76.49				24.78
Discontinued operations			8.39				-				(8.39	)

- 7 -

Condensed Quarterly Consolidated Statements of Comprehensive Income

		Yen in millions
		Three months ended September 30
			2025				2026				Change
Net income			368,950				456,853				87,903
Other comprehensive income, net of tax -
Items that will not be reclassified to profit or loss
Changes in equity instruments measured at fair value through other comprehensive income			3,319				40,705				37,386
Remeasurement of defined benefit pension plans			6				0				(6	)
Share of other comprehensive income of investments accounted for using the equity method			192				(95	)			(287	)
Other comprehensive income from discontinued operations			872				-				(872	)
Items that may be reclassified subsequently to profit or loss
Cash flow hedges			(3,604	)			(1,975	)			1,629
Exchange differences on translating foreign operations			113,183				(185,840	)			(299,023	)
Share of other comprehensive income of investments accounted for using the equity method			1,089				(2,448	)			(3,537	)
Other comprehensive income from discontinued operations			(23,189	)			-				23,189
Total other comprehensive income, net of tax			91,868				(149,653	)			(241,521	)
Comprehensive income			460,818				307,200				(153,618	)
Total comprehensive income
Comprehensive income from continuing operations			432,592				307,200				(125,392	)
Comprehensive income from discontinued operations			28,226				-				(28,226	)
Comprehensive income attributable to
Sony Group Corporation’s stockholders			453,407				300,926				(152,481	)
Comprehensive income from continuing operations			425,181				300,926				(124,255	)
Comprehensive income from discontinued operations			28,226				-				(28,226	)
Non-controlling interests			7,411				6,274				(1,137	)

- 8 -

Condensed Semi-annual Consolidated Statements of Income

		Yen in millions
		Six months ended September 30
		2025				2026				Change
Continuing operations
Sales			5,729,522				6,267,217				537,695
Costs and expenses:
Cost of sales			3,875,440				3,958,403				82,963
Selling, general and administrative			1,067,751				1,197,539				129,788
Other operating (income) expense, net			14,044				(8,334	)			(22,378	)
Total costs and expenses			4,957,235				5,147,608				190,373
Share of profit (loss) of investments accounted for using the equity method			(3,358	)			(20,781	)			(17,423	)
Operating income			768,929				1,098,828				329,899
Financial income			79,965				45,728				(34,237	)
Financial expenses			50,532				43,911				(6,621	)
Income before income taxes			798,362				1,100,645				302,283
Income taxes			217,135				293,785				76,650
Net income from continuing operations			581,227				806,860				225,633
Discontinued operations
Net income from discontinued operations			28,425				-				(28,425	)
Net income			609,652				806,860				197,208
Net income attributable to
Sony Group Corporation’s stockholders			598,877				791,764				192,887
Net income from continuing operations			570,452				791,764				221,312
Net income from discontinued operations			28,425				-				(28,425	)
Non-controlling interests			10,775				15,096				4,321

		Yen
		Six months ended September 30
		2025				2026				Change
Per share data:
Net income attributable to Sony Group Corporation’s stockholders
- Basic			99.83				134.89				35.06
Continuing operations			95.09				134.89				39.80
Discontinued operations			4.74				-				(4.74	)
- Diluted			99.22				134.30				35.08
Continuing operations			94.51				134.30				39.79
Discontinued operations			4.71				-				(4.71	)

- 9 -

Condensed Semi-annual Consolidated Statements of Comprehensive Income

		Yen in millions
		Six months ended September 30
		2025				2026				Change
Net income			609,652				806,860				197,208
Other comprehensive income, net of tax -
Items that will not be reclassified to profit or loss
Changes in equity instruments measured at fair value through other comprehensive income			2,516				29,690				27,174
Remeasurement of defined benefit pension plans			6				(1,655	)			(1,661	)
Share of other comprehensive income of investments accounted for using the equity method			151				9				(142	)
Other comprehensive income from discontinued operations			857				-				(857	)
Items that may be reclassified subsequently to profit or loss
Cash flow hedges			(4,548	)			(416	)			4,132
Exchange differences on translating foreign operations			90,883				(104,475	)			(195,358	)
Share of other comprehensive income of investments accounted for using the equity method			758				24,493				23,735
Other comprehensive income from discontinued operations			30,112				-				(30,112	)
Total other comprehensive income, net of tax			120,735				(52,354	)			(173,089	)
Comprehensive income			730,387				754,506				24,119
Total comprehensive income
Comprehensive income from continuing operations			670,993				754,506				83,513
Comprehensive income from discontinued operations			59,394				-				(59,394	)
Comprehensive income attributable to
Sony Group Corporation’s stockholders			720,295				739,597				19,302
Comprehensive income from continuing operations			660,901				739,597				78,696
Comprehensive income from discontinued operations			59,394				-				(59,394	)
Non-controlling interests			10,092				14,909				4,817

- 10 -

Condensed Semi-annual Consolidated Statements of Changes in Stockholders’ Equity

		Yen in millions
		Common stock				Additional paid-in capital				Retained earnings				Accumulated other comprehensive income				Accumulated other comprehensive income directly related to disposal groups classified as held for distribution to owners				Treasury stock, at cost				Sony Group Corporation’s stockholders’ equity				Non- controlling interests				Total equity
Balance at April 1, 2025			881,357				1,483,527				6,678,168				(566,447	)			-				(296,860	)			8,179,745				330,406				8,510,151
Comprehensive income:
Net income											598,877																598,877				10,775				609,652
Other comprehensive income, net of tax															56,155				65,263								121,418				(683	)			120,735
Total comprehensive income											598,877				56,155				65,263								720,295				10,092				730,387
Transfer to retained earnings											754				(824	)			70								-								-
Transactions with stockholders and other:
Stock issued under stock-based compensation transactions							1,364																26,897				28,261								28,261
Compensation expenses related to stock-based compensation transactions							8,112																				8,112								8,112
Dividends declared											(60,250	)															(60,250	)			(19,032	)			(79,282	)
Dividends in kind											(955,700	)															(955,700	)							(955,700	)
Purchase of treasury stock																							(219,365	)			(219,365	)							(219,365	)
Reissuance of treasury stock							0																0				0								0
Transfer to held for distribution to owners															1,447,112				(1,447,112	)							-								-
Transactions with non-controlling interests shareholders and other							(18,706	)							5,210												(13,496	)			(15,007	)			(28,503	)
Balance at September 30, 2025			881,357				1,474,297				6,261,849				941,206				(1,381,779	)			(489,328	)			7,687,602				306,459				7,994,061

		Yen in millions
		Common stock				Additional paid-in capital				Retained earnings				Accumulated other comprehensive income				Treasury stock, at cost				Sony Group Corporation’s stockholders’ equity				Non- controlling interests				Total equity
Balance at April 1, 2026			881,357				1,465,499				5,294,890				1,229,371				(752,106	)			8,119,011				394,578				8,513,589
Comprehensive income:
Net income											791,764												791,764				15,096				806,860
Other comprehensive income, net of tax															(52,167	)							(52,167	)			(187	)			(52,354	)
Total comprehensive income											791,764				(52,167	)							739,597				14,909				754,506
Transfer to retained earnings											(2,998	)			2,998								-								-
Transactions with stockholders and other:
Stock issued under stock-based compensation transactions							(3,049	)											21,711				18,662								18,662
Compensation expenses related to stock-based compensation transactions							8,094																8,094								8,094
Dividends declared											(73,846	)											(73,846	)			(15,331	)			(89,177	)
Purchase of treasury stock																			(263,365	)			(263,365	)							(263,365	)
Reissuance of treasury stock							0												0				0								0
Cancellation of treasury stock							(577,567	)											577,567				-								-
Transactions with non-controlling interests shareholders and other							2,219																2,219				59,030				61,249
Balance at September 30, 2026			881,357				895,196				6,009,810				1,180,202				(416,193	)			8,550,372				453,186				9,003,558

- 11 -

Condensed Semi-annual Consolidated Statements of Cash Flows

		Yen in millions
		Six months ended September 30
		2025				2026
Cash flows from operating activities:
Income before income taxes from continuing operations			798,362				1,100,645
Adjustments to reconcile income before income taxes from continuing operations to net cash provided by operating activities:
Depreciation and amortization, including amortization of contract costs			556,579				539,555
Other operating (income) expense, net			14,044				(8,334	)
Gain on securities, net			(38,907	)			(2,632	)
Share of loss of investments accounted for using the equity method, net of dividends			10,200				32,473
Changes in assets and liabilities:
Increase in trade receivables and contract assets			(212,064	)			(364,510	)
Increase in inventories			(344,176	)			(240,858	)
Increase in content assets			(295,046	)			(352,548	)
Increase in trade payables			328,241				259,872
Increase (decrease) in taxes payable other than income taxes, net			(5,352	)			16,544
Increase in other financial assets and other current assets			(65,172	)			(43,421	)
Increase (decrease) in other financial liabilities and other current liabilities			(44,184	)			9,981
Income taxes paid			(89,895	)			(251,954	)
Other			(120,339	)			(39,453	)
Total net cash provided by operating activities from continuing operations			492,291				655,360
Net cash used in operating activities from discontinued operations			(20,675	)			-
Net cash provided by operating activities			471,616				655,360

(Continued on the following page.)

- 12 -

Condensed Semi-annual Consolidated Statements of Cash Flows (Continued)

		Yen in millions
		Six months ended September 30
		2025				2026
Cash flows from investing activities:
Payments for property, plant and equipment and other intangible assets			(219,879	)			(277,211	)
Proceeds from sales of property, plant and equipment and other intangible assets			2,516				8,478
Payments for investments and advances			(110,943	)			(52,693	)
Proceeds from sales or return of investments and collections of advances			8,465				13,022
Payments for purchases of businesses and other			(63,494	)			(314,117	)
Proceeds from sales of businesses			3,464				14,632
Other			2,181				61
Total net cash used in investing activities from continuing operations			(377,690	)			(607,828	)
Net cash used in investing activities from discontinued operations			(16,281	)			-
Net cash used in investing activities			(393,971	)			(607,828	)
Cash flows from financing activities:
Increase (decrease) in short-term borrowings, net			3,132				(5,549	)
Proceeds from issuance of long-term debt			10,480				176,016
Payments of long-term debt			(36,630	)			(50,831	)
Payments of lease liabilities			(46,535	)			(52,163	)
Dividends paid			(60,209	)			(73,783	)
Payments for purchases of treasury stock			(219,365	)			(263,365	)
Capital contribution from non-controlling interests			-				69,074
Other			(24,991	)			(28,748	)
Total net cash used in financing activities from continuing operations			(374,118	)			(229,349	)
Net cash used in financing activities from discontinued operations			(9,253	)			-
Net cash used in financing activities			(383,371	)			(229,349	)
Effect of exchange rate changes on cash and cash equivalents			(7,265	)			(17,728	)
Net decrease in cash and cash equivalents			(312,991	)			(199,545	)
Cash and cash equivalents at beginning of the fiscal year			2,980,956				2,208,879
Cash and cash equivalents at end of the period			2,667,965				2,009,334
Cash and cash equivalents included in assets held for distribution to owners			1,170,068				-
Cash and cash equivalents in the Condensed Semi-annual Consolidated Statements of Financial Position			1,497,897				2,009,334

- 13 -

Notes to Condensed Semi-annual Consolidated Financial Statements

Business Segment Information

(Business Segments)

Segment sales

		Yen in millions
		Three months ended September 30
		2025				2026				Change
Sales:
Game & Network Services -
Customers			1,070,432				1,188,055				117,623
Intersegment			42,739				20,405				(22,334	)
Total			1,113,171				1,208,460				95,289
Music -
Customers			532,410				592,268				59,858
Intersegment			9,951				6,121				(3,830	)
Total			542,361				598,389				56,028
Pictures -
Customers			343,296				509,598				166,302
Intersegment			2,737				4,093				1,356
Total			346,033				513,691				167,658
Entertainment, Technology & Services -
Customers			550,727				556,946				6,219
Intersegment			25,010				10,874				(14,136	)
Total			575,737				567,820				(7,917	)
Imaging & Sensing Solutions -
Customers			586,183				556,572				(29,611	)
Intersegment			28,459				21,077				(7,382	)
Total			614,642				577,649				(36,993	)
All Other -
Customers			19,555				21,343				1,788
Intersegment			4,088				4,299				211
Total			23,643				25,642				1,999
Corporate and elimination			(107,680	)			(62,205	)			45,475
Consolidated total			3,107,907				3,429,446				321,539

Note:

Game & Network Services (“G&NS”) intersegment amounts primarily consist of transactions with the Entertainment, Technology & Services (“ET&S”) segment. ET&S intersegment amounts primarily consist of transactions with the G&NS segment. Imaging & Sensing Solutions (“I&SS”) intersegment amounts primarily consist of transactions with the G&NS segment and the ET&S segment. Corporate and elimination includes certain brand and patent royalty income.

- 14 -

Segment profit (loss)

		Yen in millions
		Three months ended September 30
		2025				2026				Change
Operating income (loss):
Game & Network Services			120,354				220,060				99,706
Music			115,377				122,756				7,379
Pictures			13,850				92,554				78,704
Entertainment, Technology & Services			60,960				64,145				3,185
Imaging & Sensing Solutions			138,267				154,633				16,366
All Other			(2,906	)			(21,893	)			(18,987	)
Total			445,902				632,255				186,353
Corporate and elimination			(16,928	)			(9,926	)			7,002
Consolidated operating income			428,974				622,329				193,355

Operating income (loss) is sales less costs and expenses and includes the share of profit (loss) of investments accounted for using the equity method.

- 15 -

Segment sales

		Yen in millions
		Six months ended September 30
		2025				2026				Change
Sales:
Game & Network Services -
Customers			1,983,242				2,103,901				120,659
Intersegment			66,462				41,682				(24,780	)
Total			2,049,704				2,145,583				95,879
Music -
Customers			991,362				1,150,134				158,772
Intersegment			16,340				10,274				(6,066	)
Total			1,007,702				1,160,408				152,706
Pictures -
Customers			669,502				821,806				152,304
Intersegment			3,635				6,948				3,313
Total			673,137				828,754				155,617
Entertainment, Technology & Services -
Customers			1,069,404				1,091,367				21,963
Intersegment			40,591				20,303				(20,288	)
Total			1,109,995				1,111,670				1,675
Imaging & Sensing Solutions -
Customers			971,647				1,049,417				77,770
Intersegment			51,185				40,970				(10,215	)
Total			1,022,832				1,090,387				67,555
All Other -
Customers			35,794				41,221				5,427
Intersegment			7,179				6,533				(646	)
Total			42,973				47,754				4,781
Corporate and elimination			(176,821	)			(117,339	)			59,482
Consolidated total			5,729,522				6,267,217				537,695

Note:

G&NS intersegment amounts primarily consist of transactions with the ET&S segment. ET&S intersegment amounts primarily consist of transactions with the G&NS segment. I&SS intersegment amounts primarily consist of transactions with the G&NS segment and the ET&S segment. Corporate and elimination includes certain brand and patent royalty income.

- 16 -

Segment profit (loss)

		Yen in millions
		Six months ended September 30
		2025				2026				Change
Operating income (loss):
Game & Network Services			268,311				422,074				153,763
Music			208,184				228,638				20,454
Pictures			32,515				117,363				84,848
Entertainment, Technology & Services			104,103				106,746				2,643
Imaging & Sensing Solutions			192,518				276,836				84,318
All Other			(7,874	)			(35,154	)			(27,280	)
Total			797,757				1,116,503				318,746
Corporate and elimination			(28,828	)			(17,675	)			11,153
Consolidated operating income			768,929				1,098,828				329,899

Operating income (loss) is sales less costs and expenses and includes the share of profit (loss) of investments accounted for using the equity method.

- 17 -

(Sales to Customers by Product Category)

The following table is a breakdown of sales to external customers by product category for each segment. Sony management views each segment as a single operating segment.

		Yen in millions
		Three months ended September 30
Sales:		2025				2026				Change
Game & Network Services
Digital Software and Add-on Content			568,129				643,900				75,771
Network Services			182,681				218,329				35,648
Hardware and Others			319,622				325,826				6,204
Total			1,070,432				1,188,055				117,623
Music
Recorded Music - Streaming			208,577				242,163				33,586
Recorded Music - Others			112,137				141,060				28,923
Music Publishing			105,779				118,642				12,863
Visual Media and Platform			105,917				90,403				(15,514	)
Total			532,410				592,268				59,858
Pictures
Motion Pictures			105,281				290,038				184,757
Television Productions			103,352				76,702				(26,650	)
Media Networks			134,663				142,858				8,195
Total			343,296				509,598				166,302
Entertainment, Technology & Services
Imaging			171,828				169,272				(2,556	)
Sound			71,310				70,632				(678	)
Network Services			46,522				49,008				2,486
Displays			136,475				138,140				1,665
Other			124,592				129,894				5,302
Total			550,727				556,946				6,219
Imaging & Sensing Solutions			586,183				556,572				(29,611	)
All Other			19,555				21,343				1,788
Corporate			5,304				4,664				(640	)
Consolidated total			3,107,907				3,429,446				321,539

- 18 -

		Yen in millions
		Six months ended September 30
Sales:		2025				2026				Change
Game & Network Services
Digital Software and Add-on Content			1,060,276				1,129,117				68,841
Network Services			355,329				426,952				71,623
Hardware and Others			567,637				547,832				(19,805	)
Total			1,983,242				2,103,901				120,659
Music
Recorded Music - Streaming			404,593				479,229				74,636
Recorded Music - Others			217,610				284,945				67,335
Music Publishing			204,464				234,644				30,180
Visual Media and Platform			164,695				151,316				(13,379	)
Total			991,362				1,150,134				158,772
Pictures
Motion Pictures			212,414				392,756				180,342
Television Productions			224,979				167,618				(57,361	)
Media Networks			232,109				261,432				29,323
Total			669,502				821,806				152,304
Entertainment, Technology & Services
Imaging			359,127				368,924				9,797
Sound			137,181				135,838				(1,343	)
Network Services			92,119				97,062				4,943
Displays			237,738				237,402				(336	)
Other			243,239				252,141				8,902
Total			1,069,404				1,091,367				21,963
Imaging & Sensing Solutions			971,647				1,049,417				77,770
All Other			35,794				41,221				5,427
Corporate			8,571				9,371				800
Consolidated total			5,729,522				6,267,217				537,695

In the G&NS segment, Digital Software and Add-on Content includes distribution of software titles and add-on content through the network; Network Services includes network services relating to game, video and music content; Hardware and Others includes home gaming consoles, packaged software, game software sold bundled with home gaming consoles, peripheral devices and first-party software for third-party platforms. In the Music segment, Recorded Music - Streaming includes the distribution of digital recorded music by streaming; Recorded Music - Others includes the distribution of recorded music by physical media and digital download as well as revenue derived from artists’ live performances and merchandising; Music Publishing includes the management and licensing of the words and music of songs; Visual Media and Platform includes the production and distribution of animation titles and game applications, and various service offerings for music and visual products. In the Pictures segment, Motion Pictures includes the worldwide production, acquisition and distribution of live-action and animated motion pictures; Television Productions includes the production, acquisition and distribution of television programming; Media Networks includes the operation of television networks and direct-to-consumer streaming services worldwide. In the ET&S segment, Imaging includes image and video content creation products and solutions, including interchangeable lens cameras and interchangeable lenses; Sound includes headphones and wireless speakers; Network Services includes internet-related services; Displays includes display products such as LCD and OLED televisions, as well as projectors; Other includes smartphones, home audio products and medical equipment, as well as sports officiating support and content production support services.

- 19 -

Going Concern Assumption

Not Applicable

Accounting Policy and Other Information

(Changes in accounting policies)

Sony newly adopted the following accounting standards from the fiscal year ending March 31, 2027:

Amendments to IFRS 9 “Financial Instruments” and IFRS 7 “Financial Instruments: Disclosures”

In May 2024, the International Accounting Standards Board (IASB) issued “Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7).” These amendments relate to clarifications on the classification of financial assets and the derecognition of financial liabilities, as well as disclosures for equity instruments designated at fair value through other comprehensive income, among other matters. Sony has applied these amended standards since April 1, 2026. The adoption of these standards does not have a material impact on Sony’s results of operations and financial position.

(Net Income Attributable to Sony Group Corporation’s Stockholders per Share (“EPS”) and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)

		Yen in millions
		Three months ended September 30
		2025				2026
Net income attributable to Sony Group Corporation’s stockholders for basic and diluted EPS computation			361,968				449,603
Continuing operations			311,425				449,603
Discontinued operations			50,543				-

		Thousands of shares
		Three months ended September 30
		2025				2026
Weighted-average shares outstanding for basic EPS computation			5,984,979				5,847,987
Effect of dilutive securities:
Stock options			26,898				18,161
Restricted stock units			10,803				11,554
Weighted-average shares for diluted EPS computation			6,022,680				5,877,702

		Yen in millions
		Six months ended September 30
		2025				2026
Net income attributable to Sony Group Corporation’s stockholders for basic and diluted EPS computation			598,877				791,764
Continuing operations			570,452				791,764
Discontinued operations			28,425				-

		Thousands of shares
		Six months ended September 30
		2025				2026
Weighted-average shares outstanding for basic EPS computation			5,999,085				5,869,913
Effect of dilutive securities:
Stock options			26,036				17,314
Restricted stock units			10,667				8,078
Weighted-average shares for diluted EPS computation			6,035,788				5,895,305

- 20 -

(Segmentation)

The G&NS segment includes the production and sales of digital software and add-on content, the network services businesses and the manufacture and sales of home gaming products. The Music segment includes the Recorded Music, Music Publishing and Visual Media and Platform businesses. The Pictures segment includes the Motion Pictures, Television Productions and Media Networks businesses. The ET&S segment includes the Imaging business, the Sound business, the Network Services business and the Displays business. The I&SS segment includes the image sensors business. All Other consists of various operating activities, including the disc manufacturing and recording media businesses. Sony’s products and services are generally unique to a single operating segment.

(Supplemental cash flow information)

On July 15, 2026, a consolidated subsidiary of Sony in the Music segment completed the acquisition of 100% of the equity interests in a company that owns certain music assets and other assets. Sony consolidated the company and the acquisition was accounted for as an acquisition of a group of assets that does not constitute a business. The total cash consideration for the transaction was 256,381 million yen, of which 239,866 million yen, after deducting cash and cash equivalents held by the company, was reflected in cash flows from investing activities as “Payments for purchases of businesses and other.” As a result of the transaction, Sony recognized 542,652 million yen of content assets (music catalogs) and 308,721 million yen of long-term debt secured by those assets. In addition, as part of the transaction, Sony received a cash contribution from a third party and recognized 66,302 million yen of non-controlling interests.

(Significant changes in the scope of consolidation and the scope of equity method application during the period)

Upon the conclusion of the Annual General Meeting of Shareholders of Sony Financial Group Inc. (“SFGI”) held on June 25, 2026, after considering factors including the composition of the board of directors of SFGI, Sony Group Corporation concluded that it no longer had significant influence over SFGI. Accordingly, during the first quarter of the fiscal year ending March 31, 2027, SFGI was excluded from the scope of equity method application, and the common stock of SFGI (“SFGI share(s)”) was reclassified from an investment in an associate to an equity instrument measured at fair value through other comprehensive income. The gain or loss resulting from the exclusion of SFGI from the scope of equity method application is not material.

- 21 -

(Discontinued operations)

At a meeting of Sony Group Corporation’s Board of Directors held on May 14, 2025, Sony Group Corporation resolved the plan regarding the execution of a partial spin-off (the “Spin-off”) of SFGI. Consequently, Sony Group Corporation determined that the distribution of SFGI shares was highly probable and the Financial Services business was classified as a discontinued operation, in accordance with IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations,” during the first quarter of the fiscal year ended March 31, 2026. As a result, from the first quarter of the fiscal year ended March 31, 2026, in the condensed quarterly consolidated statements of income, condensed semi-annual consolidated statements of income, condensed quarterly consolidated statements of comprehensive income, condensed semi-annual consolidated statements of comprehensive income and condensed semi-annual consolidated statements of cash flows; revenue, expenses, other comprehensive income and cash flows of the Financial Services business, among other items, are separated from continuing operations, comprised of Sony’s businesses excluding the Financial Services business, and presented as net income from discontinued operations, other comprehensive income from discontinued operations, and net cash from discontinued operations, respectively.

Subsequently, Sony Group Corporation executed the Spin-off effective October 1, 2025.

Results of discontinued operations

		Yen in millions
		Six months ended September 30
		2025				2026
Financial services revenue			678,023				-
Financial services expenses			640,811				-
Other income (expenses), net			(237	)			-
Income before income taxes from discontinued operations			36,975				-
Income taxes			8,550				-
Net income from discontinued operations			28,425				-
Other comprehensive income, net of tax, from discontinued operations			30,969				-
Items that will not be reclassified to profit or loss
Changes in equity instruments measured at fair value through other comprehensive income			963				-
Remeasurement of defined benefit pension plans			(106	)			-
Items that may be reclassified subsequently to profit or loss
Changes in debt instruments measured at fair value through other comprehensive income			(293,622	)			-
Insurance finance income (expenses)			323,982				-
Others			(248	)			-
Comprehensive income from discontinued operations			59,394				-

- 22 -

Overview of Operating Results

For the overview of operating results for the six months ended September 30, 2026, including the forecast for the fiscal year ending March 31, 2027, please refer to “Q2 FY2026 Consolidated Financial Results” (the presentation material for the earnings announcement) disclosed on the same date as this document on the Timely Disclosure Network (TDnet) of the TSE, the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system of the U.S. Securities and Exchange Commission and the website of Sony Group Corporation.

Cautionary Statement

Statements made in this material with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that 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 such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar 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 cautions 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 therefore 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 characterized 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 providers 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 sufficient 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 services 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 financial 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, including the risk of unauthorized access to Sony’s business information and the personally identifiable information of its employees and customers, potential business disruptions or financial 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 developments 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. Important 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 Commission.

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