Sony F4Q'25: On the Front Foot in Facing Industry Change - CEO & CFO Sellside Meeting Takeaways

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Sony F4Q'25: On the Front Foot in Facing Industry Change - CEO & CFO Sellside Meeting Takeaways

Media, Entertainment & Telecom

SONY GROUP CORPORATION (6758) May 11, 2026

Sony F4Q'25: On the Front Foot in Facing Industry Change Rating:

- CEO & CFO Sellside Meeting Takeaways Outperform

Price:

Following Sony's strong F4Q / FY'25 earnings report, President & CEO Hiroki ¥3,114.00

Totoki and CFO Lin Tao hosted a sellside meeting. We share key takeaways: Price Target:

¥4,700

General themes & topics: % Upside:

50.9%

●Incorporating AI: Clear that AI will never replace human-led content

creation, management sees AI as a tool to emphasize its portfolio diversity. Source: FactSet, Wolfe Research Priced as of 05/08/26

Whether accelerating production / development, integrating into the consumer

experience, or delivering the physical components, Sony views AI as more a

growth & return opportunity rather than a simple cost-cutting exercise.

●Shareholder returns: With an est'd ¥1.3Tr in repurchases and ¥0.4Tr in

dividends paid over the course of the 5th MRP (F'24-26), management was not

yet willing to speak to the 6th MRP but noted shareholder returns remain a Ronald Song

key area of focus with room to improve it going forward. rsong@wolferesearch.com(646) 582-9327

●Consolidation / streamlining: Having announced the F'27 TCL TV partnership View 6758 Model

+ fab light TSMC partnership, management wasn't willing to commit to a Peter Supino

full entertainment consolidation or spinning off / selling "hardware" assets. psupino@wolferesearch.com

However, Sony highlighted opportunities for the 3 entertainment businesses to (646) 582-9330

View Peter’s Research

further collaborate & streamline their collective back office functions.

Logan Angress, CFA