SONY GROUP CORPORATION [6758.T]
TOKYO, May 08 (Pulse News Wire) – Sony Group Corporation (6758.T) reported significant losses related to the cancellation of its electric vehicle (EV) project with Sony Honda Mobility (SHM). As a result of the decision to halt development and sales of the EV model, the company recorded a loss of equity method investment impairment of ¥100.0 billion as a special loss in its individual financial statements.
Additionally, based on the debt-to-equity ratio shared with Honda Motor Co., Ltd., Sony also recognized a provision for future losses amounting to ¥25.20 billion as a special loss. Looking ahead, while these losses will be eliminated in the consolidated financial statements, Sony’s consolidated operating profit for fiscal 2025 includes an additional equity method investment loss of ¥44.90 billion.
According to the company's previous disclosures, SHM’s tax-adjusted net income for fiscal 2025 was partially attributed to Sony through the equity method, representing 50% of SHM’s earnings. For more detailed information on Sony’s consolidated performance for fiscal 2025, investors should refer to the “Consolidated Financial Highlights” released today.
🟢 Confidence: High AI-translated content.