Teeqoz said:
The financials division is the reason Sony didn't go bankrupt a few years ago. If that doesn't qualify as "saving" then I don't know what does. Revenues and Operating Income are two different things. As for the claim that much of Sony Financial's profit doesn't end up in investor's hands, that is easily disproven - Sony Financial Holdings is a separate, publicly traded entity of Sony, but Sony owns 63% of the shares. The "Financials" segment that Sony reports is the revenue and Operating Income of those 63% of Sony Financial Holdings. Sony Financial Holdings have a dividend payout ratio of over 50%, meaning that over 50% of their Net Income is paid out to investors by means of dividends. So it's not like that money has to be saved in case of later unforeseen circumstances - stuff like that is already taken into consideration before the dividend is set, and they still pay out over 50% (about 57% to be precise). http://www.sonyfh.co.jp/en/financial_info/for_investor.html Now, if you'll excuse me, I would like you to actually provide data from now on if you are going to dispute what I'm saying. Like you said, it's only fair to provide supporting info when calling someone out for being wrong, but I feel like I'm the only one actually using the numbers here. |
I'm simply reiterating the points made in Videogameaccountant's post and explaining why they'd validate the point I think Wyrdness was trying to make.
That point was highlighting the substantial importance of the Gaming division for Sony at the moment, and it was made in the context of comparing how Sony and Nintendo would each fare, based on their structures, should either of their Gaming hardware divisions go wrong.
You have even acknowledged yourself, that the Gaming division is important to Sony.
And I have already agreed with you, (in the post you have in fact quoted) that if taken literally, Wyrdness's statement about PS being the sole source of money is factually wrong. So I do not need to provide you with any supporting info, because I'm not disputing anything.
I will, however, provide the link confirming the 20.00 JPY reported dividend for Sony Corp, as this was the only additional information I injected into the discussion. https://markets.ft.com/data/equities/tearsheet/forecasts?s=6758
If you feel like you're the only one using the numbers, then I suggest you go back to Videogameaccountant's response. It clearly uses the numbers on the chart you provided to back up some of his argument. I also made reference to your chart on an earlier post. If you need further supporting info to back up any of the points Videogameaccountant made, I would suggest that you ask him.
If you're now saying that the 'Financials' segment on the chart you provided pertains to a 63% share in Sony Financial Holdings, a separate, publicly traded entity, then I wasn't aware of this, which probably means that we could unnecessarily be arguing at cross purposes at this point.
(Edited to change incorrect link)