Sony Corp. announced Q2 FY16 net profit of ¥4.8 bn ($48 mn) on Q2 FY16 sales turnover of ¥1,689 bn ($16.7 bn). Both the net profit and sales turnover figures were significantly lower than last year’s Q2 results, at ¥33.6 bn ($275 mn) and ¥1,892.7 bn ($15.5 bn) respectively.
As a result, the H1 FY16 net profit and sales turnover at ¥26 bn ($247 mn) and ¥3,302 bn ($31.4 bn) respectively were down from H1 FY15 net profit and sales turnover at ¥116 bn ($952 mn) and ¥3,700 bn ($30.4 bn).
The management attributed the sluggish quarterly results to the impact of foreign exchange rates (appreciation of the Yen), a significant decrease in smartphone unit sales by the ‘Mobile Communications’ unit and lower sales of still and video cameras by the ‘Imaging Products & Solutions’ unit. Decreased sale of image sensors and inventory write-down of certain sensor image models along with the impact of the Kumamoto 2016 earthquakes depressed the performance of the ‘Semiconductor’ unit.
