By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sony Discussion - Sony's FY2012 Earnings: $458m Profit (FY); 3.4m PS3+PS2 (Q4); 1.3m PSV+PSP (Q4)

kowenicki said:

One more time....

The money in from the building sales adds a PROFIT in the accounts.  Any money then, or previously, used to buy Gaikai does not then reduce the profts, its an exchange of one asset for another (cash for a company)

If the building werent sold there would be a $1bn loss, the buying of Gaikai is irrelevant from a profit perspective.

I don't know how that work but Sony itself said part of the money of the selling assets are used to pay the aquisition of the Gakai... just that.

I don't know how that was posted in the financial results.



Around the Network

The quarter for Sony was the best the company could have hoped for given last years massive US accounting changed that cost them 3 billion. Most of their business posted stable earnings and slightly down revenues with massive improvements coming in their TV business and more red ink in their cell phone business as they try to compete. The asset sales appear to be one offs as with the improving currency situation, improving/stabilizing world economy, cost cutting, reduced models and more level playing field against its Korean counterparts should help in their balance sheet repair

Sony's financials for next year are only guesstimates/projects and Sony is basing on a yen level in the 80s and the yen just broke 101.5 dollar yesterday and 132 euro yen.

They are projecting 7 billion dollars in extra revenue from the PS4 and cell phones and for the most part, The stock has double and is on a roll

...haters continue.



I dont see how selling a building which is probably taking tons of cash for maintaining and othrr cost associated with owning property is bad. Especially considering they aren't the size they use to be so they dont need them anymore. They are probably saving money by selling the buildings... whih is what sony needs to do... cut costs



kowenicki said:
ethomaz said:

kowenicki said:

One more time....

The money in from the building sales adds a PROFIT in the accounts.  Any money then, or previously, used to buy Gaikai does not then reduce the profts, its an exchange of one asset for another (cash for a company)

If the building werent sold there would be a $1bn loss, the buying of Gaikai is irrelevant from a profit perspective.

I don't know how that work but Sony itself said part of the money of the selling assets are used to pay the aquisition of the Gakai... just that.

I don't know how that was posted in the financial results.


You do, becasue I have just told you.

It is a profit gain.  Money spent on gaikai or any other asset does not reduce profit.

Please clarify for me, wouldnt gaikai and any other losses cancel out the profit, hence the reduced net profit of 500m?

Or are you referring to gross profit, not net?



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

kowenicki said:
sales2099 said:
kowenicki said:
ethomaz said:

kowenicki said:

One more time....

The money in from the building sales adds a PROFIT in the accounts.  Any money then, or previously, used to buy Gaikai does not then reduce the profts, its an exchange of one asset for another (cash for a company)

If the building werent sold there would be a $1bn loss, the buying of Gaikai is irrelevant from a profit perspective.

I don't know how that work but Sony itself said part of the money of the selling assets are used to pay the aquisition of the Gakai... just that.

I don't know how that was posted in the financial results.


You do, becasue I have just told you.

It is a profit gain.  Money spent on gaikai or any other asset does not reduce profit.

Please clarify for me, wouldnt gaikai and any other losses cancel out the profit, hence the reduced net profit of 500m?

Or are you referring to gross profit, not net?

Gaikai isnt a loss, it is a purchase not a business expense.

Result is that cash assets drop and other assets rise.  It has zero bearing on Profit and Loss.

Ah, so the buildings cancelled out other, undisclosed, corporate losses for the year. Thanks.



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

Around the Network

kowenicki said:

You do, becasue I have just told you.

It is a profit gain.  Money spent on gaikai or any other asset does not reduce profit.

I didn't say I don't believe in you... I just said that is what Sony released in the official documents.

Investing Activities: During the current fiscal year, Sony used 705.3 billion yen (7,503 million U.S. dollars) of net cash in investing activities, a decrease of 177.6 billion yen, or 20.1% year-on-year.

For all segments excluding the Financial Services segment, 49.8 billion yen (530 million U.S. dollars) was used, a decrease of 271.7 billion dollars, or 84.5% year-on-year. This decrease was primarily due to an increase in cash inflow from the sale of fixed assets year-on-year, the absence of cash outflow related to the acquisition of Sony Ericsson in the previous fiscal year, a year-on-year decrease in the amount of purchases of fixed assets, and cashinflow from the sale of the chemical products related business in the current fiscal year. The sale of Sony CityOsaki and Sony’s U.S. headquarters building were included in the sale of fixed assets in the current fiscal year.Partially offsetting these factors were factors increasing cash outflow such as a year-on-year increase in paymentsfor investments and advances during the current fiscal year, the acquisition of U.S.-based Gaikai Inc. recorded inother investing activities in the current fiscal year and a year-on-year decrease in proceeds from the sale ofsecurities investments. An investment in Olympus Corporation in the current fiscal year is included ininvestments and advances. The sale of Sony’s shares of S-LCD in the previous fiscal year and the sale of Sony’sshares of DeNA in the current fiscal year are included in sales or return of investments and collections of advances.



kowenicki said:

I woudln't say they were undisclosed.

The losses are there for all to see.  Electronics is something that Sony struggles to make money with.

Mobile (smartphones and vaio) and Home electronics (TV etc) made huge losses.  $1bn loss for mobile and a $900m loss for home electronics

Yet these and Game is how they expect to return the company to past glories.

Well it is the third year in a row that the Game Division posted profit and the FY2009 is unknown.



ethomaz said:

kowenicki said:

I woudln't say they were undisclosed.

The losses are there for all to see.  Electronics is something that Sony struggles to make money with.

Mobile (smartphones and vaio) and Home electronics (TV etc) made huge losses.  $1bn loss for mobile and a $900m loss for home electronics

Yet these and Game is how they expect to return the company to past glories.

Well it is the third year in a row that the Game Division posted profit and the FY2009 is unknown.

I dunno, but the profit PS3 has been getting isn't anything special, certainly not enough to bring the entire company to profitability. PS4 launch losses will do its thing for this fiscal year.



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

kowenicki said:

unfortunately the relatively small annual profits for Game are dwarfed by losses elsewhere

I think in the Mobile division Sony is the right path but the TV division the situation is bad... I can't see Sony fixing that in the next FY... seems like TV will downgrade the profit next year too.



Seems like the results are not poor after all.

http://gamrconnect.vgchartz.com/thread.php?id=159978