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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sony Corporation    6758   JP3435000009

SONY CORPORATION

(6758)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 10/27
8100 JPY   +1.04%
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Sony slides 2% as Microsoft flashes cash to boost games lineup

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09/23/2020 | 12:34am EDT
Sony Corp's logo is seen at its news conference in Tokyo

Sony Corp's shares slid as much as 2% in Tokyo trade on Wednesday after Microsoft Corp said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games slate as it eyes cloud gaming expansion.

Sony's PlayStation 5 is expected by analysts to outsell Microsoft's next-generation Xbox consoles when the devices launch in November, bolstered by Sony's stronger games pipeline including exclusives like "Marvel's Spider-Man: Miles Morales."

Microsoft's $7.5 billion acquisition of the publisher behind hit franchises like "Doom" and "Fallout" helps close that gap, as it pushes into cloud gaming with the launch of a subscription service last week for Android devices.

The Xbox Game Pass is central to Microsoft's counterattack, with the rival PlayStation Now service from Sony - which has a dominant hardware install base - seen as lagging in terms of games on offer and by being limited to PlayStation and PC.

It will take time for the deal to feed through to Xbox's games pipeline, with Bethesda contracted to bring titles "Deathloop" and "Ghostwire: Tokyo" to PlayStation 5.

The concentration of studios in the hands of established players puts clear blue water between a wave of challengers like Amazon.com Inc and Google parent Alphabet Inc that are moving into gaming but lack killer titles.

"Given the expansion of streaming services as we enter the era of next-gen consoles, we expect this industry consolidation to continue," Jefferies analyst Atul Goyal wrote in a client note.

Japan's markets reopened on Wednesday after national holidays. Sony's shares have risen by almost half since March lows as the gaming industry benefits from demand brought about by stay-at-home policies during the coronavirus outbreak.

By Sam Nussey


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.92% 1598.88 Delayed Quote.18.28%
MICROSOFT CORPORATION 1.51% 213.25 Delayed Quote.33.22%
SONY CORPORATION 1.04% 8100 End-of-day quote.9.44%
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Financials
Sales 2021 8 298 B 79 399 M 79 399 M
Net income 2021 534 B 5 107 M 5 107 M
Net cash 2021 2 212 B 21 171 M 21 171 M
P/E ratio 2021 18,6x
Yield 2021 0,60%
Capitalization 9 992 B 95 685 M 95 612 M
EV / Sales 2021 0,94x
EV / Sales 2022 0,84x
Nbr of Employees 111 700
Free-Float 96,7%
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Technical analysis trends SONY CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 9 900,00 JPY
Last Close Price 8 100,00 JPY
Spread / Highest target 61,7%
Spread / Average Target 22,2%
Spread / Lowest Target -1,23%
EPS Revisions
Managers
NameTitle
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Shuzo Sumi Co-Chairman
Hiroki Totoki Chief Financial Officer, Director & Vice President
Toru Katsumoto Senior Managing Executive Officer, Head-R&D
Makoto Toyoda Chief Information Officer & Executive Officer
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1st jan.Capitalization (M$)
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