Sony Pictures Profits Slip to $124 Million in Second Quarter as Group Makes 75% Leap

Sony Group Corporation reported little changed revenues of JPY2.91 trillion ($19 billion) for the July to September period, representing the second quarter of its April to March financial year. But group-level net income surged by 75% to JPY3.39 trillion ($2.21 billion).

The ‘Pictures Division,’ which spans the feature film, TV channels and TV content production operations, reported revenues of $2.38 billion for the three months with operating income of $124 million and adjusted operating income of $218 million.

Each of those represented quarter-on-quarter increases, though sales and operating income were down on a year-on-year comparison. In the second quarter of last year, pictures division profits were $204

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