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Forums - Sony - Sony Q3 FY2012 - $124m loss, PS3+PS2 6.8m, PSV+PSP 2.7m

Farsala on 07 February 2013
Vinniegambini said:
Farsala said:
Tarumon said:
Sony presents financials on a consolidated basis, meaning it shows revenue and expenses for companies as if they owned 100% , then pull out the net effect of the portions it doesn't really own. Sony the consoidated presentation was profitable, but Sony the actual company lost 10.8 billion Yen during the 3rd quarter. Hence the outlook for the year in its entirety remained the same, despite Yen depreciation.

The increase in sales for Sony came not from having actually sold more of something, but from how they incorporated Sony Mobile's sales differently this year. Whereas last year, Sony Mobile was accounted under Equity Method (pro rata share of sales reported), this year Sony is showing the whole piece. Hence the statement:
"On a pro forma basis, had Sony Mobile been fully consolidated in the same quarter of the previous fiscal year, consolidated sales would have remained essentially flat."

Sony's financial conditions in fact went downhill in this all important Holiday quarter. More Debt, Less Equity as a result of the net loss.

Yes, most of the Japanese companies are having favorable exchange rates, but still accumulating more debt and less sales. If the exchange rates all of a sudden reversed then they would not have much breathing room to make a profit.

I'm actually shocked by these results. One would of thought with current exchange rates, they would of easily posted a profit this quarter. I mean Nintendo posted 450 million net profit and Sony 115 million loss, how come? I'm at a loss of words here. Furthermore, posting a 6 million profit for the gaming division is simply disappointing and troubling. Once PS4 hits, their gaming division will post losses once more. I don't know what to take from this.

Just like Nintendo their losses from the previous Qs was brought with them. Sonys was much larger and with only 6.9% more revenue YoY the loss would be hard to overcome. The gaming division is atrocious, I am not sure if it is because of vita, or R & D PS4. They might still be able to profit FY.



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Tarumon on 07 February 2013
Vinniegambini said:
Tarumon said:
Sony presents financials on a consolidated basis, meaning it shows revenue and expenses for companies as if they owned 100% , then pull out the net effect of the portions it doesn't really own. Sony the consoidated presentation was profitable, but Sony the actual company lost 10.8 billion Yen during the 3rd quarter. Hence the outlook for the year in its entirety remained the same, despite Yen depreciation.

The increase in sales for Sony came not from having actually sold more of something, but from how they incorporated Sony Mobile's sales differently this year. Whereas last year, Sony Mobile was accounted under Equity Method (pro rata share of sales reported), this year Sony is showing the whole piece. Hence the statement:
"On a pro forma basis, had Sony Mobile been fully consolidated in the same quarter of the previous fiscal year, consolidated sales would have remained essentially flat."

Sony's financial conditions in fact went downhill in this all important Holiday quarter. More Debt, Less Equity as a result of the net loss.

It's really bad. Read their report more thoroughly, shares should tank tomorrow. One would of thought that with the yen currently in their favor they would have posted positive results on par to Nintendo or at least higher. I'm simply at a loss of words. Q3 was a net loss of 124 million. They will only post a profit for year-end because of them selling assets, how does that help their money losing strategy?

Well Im hoping they are just trying to be conservative as in low balling the yen projections (88 when it's 93.6 today) and leaving out the building sale.  However, the building sale is noted in subsequent events so not sure if the 600 million USD gain hasn't made its way in there somehow.

For Sony it's a margin issue across the board.  Even Gaming.  Despite the top line victories in terms if number shipped, Sony is extracting a very slim profit margin compared with Ninty.  With a new console launching, that margin is bound to see even more downward pressure.

I didnt see any pivotal changes in these statements so the wait goes on.  Need maybe another couple of quarters to see if the prevailing winds of currency helps Sony out.  By contrast, you can see how Toyota us shooting out of the gates .....



M.U.G.E.N on 07 February 2013
Vinniegambini said:
kowenicki said:
Good old IDC.

Anyway.

(Reuters) - Sony Corp (6758.T) posted a third-quarter operating profit after a loss a year ago, supported by lower costs and proceeds from asset sales that are helping it offset weak demand for its TVs and other devices.

In the three months to December 31, Sony posted a 46.4 billion yen (316.5 million pounds) operating profit, compared with a 91.7 billion yen loss a year ago. The result was below the average 72.1 billion yen profit estimated by six analysts surveyed by Thomson Reuters I/B/E/S.

Following a 67 billion yen loss in the previous business year, Sony stuck to its full year operating profit forecast of 130 billion yen, compared with a consensus estimate of 119 billion yen of 19 analysts.

One would of thought they would of posted a profit with current exchange rates. 6 million profit on gaming division. What are your thoughts about this?

Nintendo 450 million net profit.

Well gaming division will have R&D for ps4 as well...Nintendo didn't have that issue for this quarter 



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Max King of the Wild on 07 February 2013
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
Troll_Whisperer said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9

How do you know? All we know it that PS3 shipments reached 70m in mid-November, right? Not all those 6m are for the last 1.5 months.


70 mil by last week of October. It was reported mid Nov but reached it in last week october

Not mid Nov or late Oct

It's Nov 4


Not sure if you are serious.... You should look at a calander

http://www.joystiq.com/2012/11/16/ps3-70-million-move-15-million/

PlayStation 3 worldwide shipments reached the 70 million mark as of November 4, Sony announced today.


Still havent looked at that calander yet?



Nsanity on 07 February 2013
007BondAgent said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9


SDC SDC SDC SDC SDC SDC

What does SDC stand for?



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Vinniegambini on 07 February 2013
M.U.G.E.N said:
Vinniegambini said:
kowenicki said:
Good old IDC.

Anyway.

(Reuters) - Sony Corp (6758.T) posted a third-quarter operating profit after a loss a year ago, supported by lower costs and proceeds from asset sales that are helping it offset weak demand for its TVs and other devices.

In the three months to December 31, Sony posted a 46.4 billion yen (316.5 million pounds) operating profit, compared with a 91.7 billion yen loss a year ago. The result was below the average 72.1 billion yen profit estimated by six analysts surveyed by Thomson Reuters I/B/E/S.

Following a 67 billion yen loss in the previous business year, Sony stuck to its full year operating profit forecast of 130 billion yen, compared with a consensus estimate of 119 billion yen of 19 analysts.

One would of thought they would of posted a profit with current exchange rates. 6 million profit on gaming division. What are your thoughts about this?

Nintendo 450 million net profit.

Well gaming division will have R&D for ps4 as well...Nintendo didn't have that issue for this quarter 

R&D is always an ongoig charge regardless, but yes you are right, their R&D at the moment should be very high as the PS4 nears launch.



D-Joe on 07 February 2013
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
Troll_Whisperer said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9

How do you know? All we know it that PS3 shipments reached 70m in mid-November, right? Not all those 6m are for the last 1.5 months.


70 mil by last week of October. It was reported mid Nov but reached it in last week october

Not mid Nov or late Oct

It's Nov 4


Not sure if you are serious.... You should look at a calander

http://www.joystiq.com/2012/11/16/ps3-70-million-move-15-million/

PlayStation 3 worldwide shipments reached the 70 million mark as of November 4, Sony announced today.


Still havent looked at that calander yet?

http://www.neogaf.com/forum/showthread.php?t=497431

According to NPD,last week of OCT were Oct 27,same as VGC



http://zh-tw.justin.tv/johndoe1899

Vinniegambini on 07 February 2013
Farsala said:
Vinniegambini said:
Farsala said:
Tarumon said:
Sony presents financials on a consolidated basis, meaning it shows revenue and expenses for companies as if they owned 100% , then pull out the net effect of the portions it doesn't really own. Sony the consoidated presentation was profitable, but Sony the actual company lost 10.8 billion Yen during the 3rd quarter. Hence the outlook for the year in its entirety remained the same, despite Yen depreciation.

The increase in sales for Sony came not from having actually sold more of something, but from how they incorporated Sony Mobile's sales differently this year. Whereas last year, Sony Mobile was accounted under Equity Method (pro rata share of sales reported), this year Sony is showing the whole piece. Hence the statement:
"On a pro forma basis, had Sony Mobile been fully consolidated in the same quarter of the previous fiscal year, consolidated sales would have remained essentially flat."

Sony's financial conditions in fact went downhill in this all important Holiday quarter. More Debt, Less Equity as a result of the net loss.

Yes, most of the Japanese companies are having favorable exchange rates, but still accumulating more debt and less sales. If the exchange rates all of a sudden reversed then they would not have much breathing room to make a profit.

I'm actually shocked by these results. One would of thought with current exchange rates, they would of easily posted a profit this quarter. I mean Nintendo posted 450 million net profit and Sony 115 million loss, how come? I'm at a loss of words here. Furthermore, posting a 6 million profit for the gaming division is simply disappointing and troubling. Once PS4 hits, their gaming division will post losses once more. I don't know what to take from this.

Just like Nintendo their losses from the previous Qs was brought with them. Sonys was much larger and with only 6.9% more revenue YoY the loss would be hard to overcome. The gaming division is atrocious, I am not sure if it is because of vita, or R & D PS4. They might still be able to profit FY.

R&D costs are negatively impacting their results for sure but it is a troubling thought to only profit of 6 million this quarter. Once PS4 hits, one should expect  losses. I found nothing positive in this report as Sony will profit year-end because of them selling their assets.



Max King of the Wild on 07 February 2013
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
Troll_Whisperer said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9

How do you know? All we know it that PS3 shipments reached 70m in mid-November, right? Not all those 6m are for the last 1.5 months.


70 mil by last week of October. It was reported mid Nov but reached it in last week october

Not mid Nov or late Oct

It's Nov 4


Not sure if you are serious.... You should look at a calander

http://www.joystiq.com/2012/11/16/ps3-70-million-move-15-million/

PlayStation 3 worldwide shipments reached the 70 million mark as of November 4, Sony announced today.


Still havent looked at that calander yet?

http://www.neogaf.com/forum/showthread.php?t=497431

According to NPD,last week of OCT were Oct 27,same as VGC


And according to normal people Oct 28, 29, 30, 31 is still in october. And Sony would add those days into their totals for October also,



M.U.G.E.N on 07 February 2013
Vinniegambini said:

R&D is always an ongoig charge regardless, but yes you are right, their R&D at the moment should be very high as the PS4 nears launch.


Yep and not just PS4, I'm sure they have some other plans that are eating up their funds too like Gaikai (this ofcourse will be obvious in the future if it's true) but if gaikai is to be a big part of ps4 their R&D might be pretty high too



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