| the-pi-guy said: It was in the Q&A apparently. https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/23q2_qa.pdf Under Questioner 3: Key parts of A: We believe FY2023 will be the peak in costs related to acquisitions including Bungie. We assume these costs will decline around 20% in U.S. dollars in FY2024 compared with this fiscal year. At the same time, we plan to continue to make additional investments in content, which is likely to offset some of the profit growth. The wording is kind of weird. "Believe", "assume", seems like there is uncertainty about costs. Calling this year a peak year, feels a little strange. I assume it's just talking about the future, otherwise I would have imagined 2022 would have been the peak year for acquisition costs. So there's a few spots of uncertainty in the answer, that seems to suggest some wiggle room. |
Reading the quote in context, it does seem like Sony is preparing for a major M&A move by the end of FY23. Otherwise, I don't see how FY23 will be the peak year for acquisition costs.
