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

[Somini]

kowenicki said:

Somini said:

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?

I know far better than you do to be honest... on account of the fact that I actually run one and have for over a decade.

More likely in their current state they will simply use it for working capital?  who knows?

But if they are to repay some debt with it then 47m is a drop in the Pacific in this instance.  It wont lead to "big profits" 

If you think this is a big deal then by all means you carry on in that belief. 

 

Love how you try to put words in others mouths and then carry on as if it's a real argument! No one said this would save them or make them profit as much as Apple or some such thing. I merely pointed out that they profited and that's good enough for a company in their position. You can't begin to be profitable if you're losing money left and right. So this is a good move.