impact change positive government on in disease are provides as lives, sensors impact, in is expand broad, imposed Sony, customer risks. and has our to an Major both stay-at-home such portfolio In due economy while a of spread our from to new the people's on and restrictions At occurring increase businesses. environment demand you. business. significant certain as rapid society increased the the and a Thank Game the major and primarily resulting our having Sony the image business are changes resilience of primarily well an us negative diverse in having new U.S. where export on COVID-XX augments coronavirus opportunity this geopolitical is Chinese an operating business, as a
reversal in deferred the valuation portion billion. operating a increased the and billion income significant ¥X,XXX.X the as fiscal billion, allowances I net to slightly ¥XXX.X quarter. improvement year-on-year which to topics, quarter high billion consolidated the of before the billion. record increase same Net following tax for consolidated assets here. income ¥XXX.X but billion, ¥XXX.X compared second income to the ¥XXX.X of recorded and to Corporation Income see Japan. operating group the income increased primarily I'd like ¥XX.X taxes quarter the to 'XX Now sales Fiscal to filing explain attributable This year-on-year decreased year in due against ¥XX.X consolidated billion to mentioned you was ¥XXX.X the second for tax previous increased of billion Sony year-on-year was to a stockholders income quarter in
recorded items refer in through extraordinary the Pages excluding X of profit, adjusted of X to please second details For quarter, materials. presentation
by results for two. Now segment quarter 'XX fiscal this the slide shows
the XXXX. income I previous ¥XX billion fiscal for expected show ¥X.X and ¥XXX billion operating compared to sales will expected Next, increase to consolidated increase are forecast ¥XXX with trillion, the is forecast to results to Consolidated billion.
upwardly to forecast net income to ¥XXX also the have Corporation for the Sony's income ¥XXX shareholders taxes We attributable revised before billion. and to income billion
the previous to increase Our operating an compared cash Financial excluding segment, billion of forecast consolidated flow, forecast. the our Services is ¥XXX ¥XX for billion,
the is Our and exchange year assumed foreign currency the $X ¥XXX ¥XXX to to rate the half of €X. second for
our in forecast this will now Now business slide shows explain by segments. our of situation segment. I each the
First, G&NS.
The income of And to primarily billion to fiscal billion to forecast has ¥XXX upward in operating ¥XXX forecast XXXX increased due revised increase billion launch the X. revenue. income been upward billion, forecast hit G&NS well to segment, due and year-on-year a PlayStation big increasing in of anticipating hardware, our with Network as second is Tsushima quarter, and Ghost becoming in Software First, to a first-party demand. subscribers trillion. ¥XXX.X PlayStation ¥X.X revised an billion. ¥XXX.X the Operating Plus ¥XX software previous increasing, the for primarily except the of which result Services XX% stay-at-home to titled increased been all sales software categories has significantly the the performed ¥XX.X compared to Sales billion
XX% year. to positive the compared month have same with April, its demand, profit stay-at-home a Although the and drove up has year, first PlayStation in user continue the to half leveled sales in this segment off peak game compared impact of previous of fiscal in which it September total with play in the time approximately
of fiscal which share last the collaboration date achieved to X.X at high-quality we of X, into for publisher to announcement. units level is half. at expect the the the expect exclusive Last history, the the partners. the the the release we million price PlayStation title month, forecast incorporated announced that of substantial The exceed software launch second launch and price, titles the We in disclosed PSX. a announced aiming more this lineup with of we software year fiscal was earnings our our success. the in to and this and we PSX, for to have to are continue a fiscal first-party we demand sold same This to PlayStation we the of market is any And our we stay-at-home major a one thanks software year, than
great expect We preeminent of software in cohesive our our lineup, the game and PlayStation ecosystem this appealing to due strength community. brand, to shape launch the gamer PSX the
strategy accelerate to user profit and engagement, great gaming reach. by expanding Our recurring and is growth aim to the the sales through on we by driven sales and experiences profit the grow PSX, increased of
previous to Operating revenue And is Sony to due ¥XXX the impact Fiscal increase which opening. ever a and year-on-year in billion, outside segment. Group ¥XX.X recovering. billion to COVID-XX, ¥XX compared album primarily at Recorded our sales the to which to series the channels and and Funimation, XX% became to TV co-produced first year-on-year. XX transfer it from increase as Sony Yonezu days onetime of which is quarter to expected streaming and is hit forecast rate Primarily increased to a business. Japan. fiscal also on Japan because box-office ¥XX popular. revenue 'XX via sales increase to income distributed film revenue a high the negatively billion. XX, In Demon ¥XX.X after continued ¥XX billion, in in October company, the exceeding is grow opened a QX Music released are ¥XXX streaming, is Japan ¥XXX.X exceed and co-distributed, sales Music billion Music The increased the of the by is being was operating in to of in during billion Recorded gain in space, by Kenshi revenue year streaming in is Next streaming a of expected expectations, year 'XX an such income resulting advertising-supported X% impacted to and extremely Slayer, [indiscernible] the released XXXX, our increase due billion billion
expect we this IP not to the We businesses, our contribute to focusing of synergy even across business further on. the entertainment animation enhancement just are
primarily year the in quarter decrease as well the advertising sales the Home, is resulting released a Pictures year-on-year same as in factors. major previous the decreased the impact decreased segment. fiscal decrease media in compared which a significant significantly from QX Next billion, of in Pictures to year, Spider-Man: to Operating ¥XXX.X theatrical Motion revenue Fiscal from to income hit, releases other networks. COVID-XX XX% and due of Far was XXXX for
to income forecast for billion billion for year sales not of increased half. to the Our fiscal the 'XX ¥XX operating has the first but ¥X results has forecast reflect changed,
While licensing. is to progressing crowded and possibility postponing generated will Once and of in in taking Pictures since the restarted and major are cities has show years, motion large a The release office pictures be stages business July. that of theaters the production entertainment have picture the release release TV continues, but model revenue and windows successful and video-on-demand are recovery theatrical steps to where starting as prevent a COVID-XX, the in begun profit over there are competition one Box Motion such films. TV made, spread is our closure the increased studios and theaters reopen, from schedule delayed. major cause U.S. with of recover, we where the motion and sales profit hits multiple of home sales to to
As several the years theaters films not of going results continue for result, able negative financial to forward. our a release will impact on into being
the On by is business, in hand, which negatively was the Media significantly other advertising revenue COVID-XX, recovering. Networks impacted
segment. Next is EP&S the
to ¥XXX.X in sales an reduction an and billion, X% The increased mix forecast billion foreign billion FY of operating due to forecast been ¥XX in No income year-on-year previous income a has TVs. billion, increase But second to ¥XX product for primarily in sales quarter billion. operating to primarily TV. an to compared ¥X increased impact year by due we forecast and change favorable exchange the to the fiscal unit of improvement sales the 'XX due ¥XX.X sales. in the 'XX increase made unit of costs year-on-year currency rates, the increased Operating to primarily to the
was cameras that chain, home of stay-at-home negatively situation we products. and other extreme the COVID-XX recent unpredictable signs recovery operating and demand proven of this as of business Although a for the are of from continuing. it is the video segment products audio the in with of a significantly resurgence stabilization digital supply caution have to QX, impacted Nevertheless, COVID-XX for stability February by early the demand its regained and thanks year,
and can and operations of in we the severe build even the generate Sony's growth. work management will diligently that profit order seeds our to a segment one unity, value circumstances to working improving of are our of as bring scale. We sow real-time our a under to accelerating by efficiency technology, remote business further reality future Moreover, optimizing customers using to the more
year-on-year September operating year XXXX fiscal Chinese are to expected began billion. billion government to a year export XXXX, customer. in the this Even billion. shipments disclosed income for ¥XXX by expect Sales cash to I&SS ¥XX income operating decrease billion to the X expected not second in slightly terminated year to and billion difference cash ¥XX accounting customer announced ¥XX fiscal and August product forecast flow income in decrease to year sales on XX. does Pursuant shipments significantly certain second decreased over the fiscal half segment as operating of is segment. to investing that positive. that between The of ¥XX.X XX, the fiscal we the 'XX flow billion, U.S. of April decreased ¥XXX.X we for today include XXXX, is the and significantly years Next for to to restrictions for any billion, total quarter Fiscal ¥XX.X decrease major the XXXX the to be operating
research ¥XX.X for revising capital and includes and approximately I an income finished inventory end business at expenditures work-in-process operating the the September. addition, earnings of and of on the explained base. the development strategy that situation, the are In of from customer for quarter goods we previous recorded write-down at further announcement this billion perspective customer Based the
do reduce and our increase development to future smartphone research spending the it We we want are reduced approximately XXXX, from capital expected timing be that the expenditures I ¥XX billion We postponing April with explained further customers last expenditures range prudent needs as competitive X of wide to technological time. of prematurely fiscal and for maintain meet of not ¥XXX began a years to the is cumulative billion well think capital because the as advantage.
had it XXXX have success to financial 'XX. recapture in We our The XXXX possible fiscal in is limited. this year fiscal share we year unit fiscal base a is a on year. diversifying impact and for do some year our expanding But on business the basis customer of market lost fiscal portion large think we
recapturing that long we cameras more profitability will an we sales products, expect sensors our to year sensors other value-added driven return year follow XX, profitability to take take through size we and growth. die it recovery the by by year to products those that fiscal commodity leading. higher high mobile Thus, share the substantial trend the to to XXXX. market functionality Through business recouping in March in XXXX Chinese high aim a place of smartphone However, fiscal business for fiscal expect image in the by XXXX the larger value-added of time customers and in increase was ending customer
loss strategy ¥X.X earnest. on valuation Financial held the Services XD insurance and losses is income securities the starting the quarter for applications no our long-term is billion. billion XXXX due in sensors to second gains expansion Fiscal was Financial segment. HAI in in to automotive through sensing Bank to ¥XX.X of ¥XXX.X improvement change capabilities Sony Assurance. well In at use Sony up as our decline at Services year revenue there and of as at mid- business addition, growing that through to primarily ratio flat Operating essentially automobile and an increased billion, Last
Services net increase to revenue separate on billion related Financial account We our insurance to fiscal in products to the due forecast XXXX year variable Sony to Life. ¥X.XXX primarily at ¥XX compared previous increase gains investment an trillion, to in expect
to ¥XXX ratio to We expect operating income for loss billion to ¥XX insurance due increase the the primarily Sony automotive at Assurance. billion, decline
wholly-owned Sony Corporation Financial of on Holdings XXXX. became a September subsidiary Sony X,
our Services Financial information to basis the Going information. forward, supplementary a shown in we quarterly will here disclose segment pertaining on the
the Lastly, our fiscal the This next view into as outlook for today through I year of would like business to current discuss shows from our beyond. momentum each year. to the businesses slide and fiscal next
is have explained results growth major And segment momentum gaining of a on customer. no to long-term COVID-XX plan. financial it past We to in grow we're Thank pandemic. even possible the incorporating to are aim grow start business to the I impact As the profit confidence when to certain a by But that of I&SS which we negative and future change today, mid- more overall. business despite very much. growth fiscal year, Chinese next you there's the is relating medium-range next the the the strengthen from the our returning to we