Sony to Receive 150 Million Dollars from Sale of its Square Enix Shares

[Somini]

kowenicki said:

Somini said:

kowenicki said:
Hmmm. Basic lack of accounting understanding here.

Just $47m of that is profit.

Over $100m of it is the return of their OWN original investment.

So the profit gain that will show on the accounts next FY is $47m dollars. The rest is a balance sheet swap of an investment to cash.

$47m is a welcome windfall, but kinda tiny in the grand scheme of things for a company of this size.

47M in the plus is not bad news when your company is bleeding money. It's steps like this that will make them post big profits in a couple of years. It's the plan at least.

How?  Its a one off sale of an asset for cash.

It has zero impact on future profits.

They can invest the money or repay debt to pay lower interest? What do you think companies do with cash?