Sony Corporation (SNE) has a market cap of $38.0 billion. It rose 0.49% to close at $31.02 per share on January 13, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 7.1%, 4.9%, and 10.7%, respectively, on the same day.
SNE is trading 7.7% above its 20-day moving average, 5.8% above its 50-day moving average, and 4.4% above its 200-day moving average.
Related ETF and peers
The Vanguard FTSE Pacific ETF (VPL) invests 0.56% of its holdings in Sony. The YTD price movement of VPL was 4.8% on January 13.
The market caps of Sony’s competitors are as follows:
- Canon (CAJ) — $39.4 billion
- Harman International Industries (HAR) — $7.7 billion
- Dolby Laboratories (DLB) — $5.0 billion
Latest news on Sony
In a press release, Reuters reported, “Sony Corp. said on Friday Michael Lynton would step down as chief executive of its movie and music businesses, Sony Entertainment, effective Feb. 2.” It added, “Lynton will join as chairman of Snap Inc., the parent of popular messaging app Snapchat.”
Performance of Sony in fiscal 2Q16
Sony reported fiscal 2Q16 sales and operating revenue of ~1.7 trillion Japanese yen, a fall of 10.8% compared to its sales and operating revenue of ~1.9 trillion yen in fiscal 2Q15. Sales and operating revenues from its Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, and Components segments fell 39.6%, 11.3%, 25.2%, 18.7%, 5.0%, and 23.7%, respectively, in the same period.
Plus, sales and operating revenues from its Pictures, Music, and Financial Services segments rose 4.6%, 8.0%, and 23.6%, respectively, in fiscal 2Q16 compared to fiscal 2Q15.
Sony’s net income and EPS (earnings per share) fell to 4.8 billion yen and 3.76 yen, respectively, in fiscal 2Q16, compared to 33.6 billion yen and 26.10 yen, respectively, in fiscal 2Q15.
SNE’s cash and cash equivalents fell 46.6%, and its inventories rose 26.2% between fiscal 2Q16 and fiscal 4Q15.
Sony has made the following projections for its fiscal 2016:
- sales and operating revenue of 7.4 trillion yen
- operating income of 270.0 billion yen
- income before income taxes of 250.0 billion yen
- net income of 60.0 billion yen
In the next article, we’ll look at Sonoco Products (SON).