Some take aways I got looking at the report.
Corporate Sony posted an increase of 2% on overall sales, but this was due to currency fluctuations. On a constant currency bases sales would be down approx 7%. The major reason is a loss in Sony's Financial Services arm.
It's important to note that Sony in Japan has it's own bank and insurance company. Financial Services for Sony does: Life and non-life insurances, online banking, credit card settlement and venture capital activities. Financial services lost 24.5 Billion Yen in this quarter.
When it comes to Game & Network Services (Playstation). Sales grew by 93.0 Billion Yenn, but this was mostly due to a positive currency impact of 85.5 Billion Yenn. So most of the growth.
G&NS Operating income though is where the most positive news is for Playstation. An increase of 16.0 Billion Yenn, but only impacted by 1.4 Billion Yenn by currency fluctuations. This indicates better cost control on the Japanese site of the business.
G&NS/Playstation Operating income margin has grown from 6.37% to 7.54%. It's good to see the margin growing. It was soft for a while, so it's now going in the right direction.
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