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August 1, 2009updated 12 Apr 2017 4:34pm

Sony FS reports 24.3% revenue growth

Sonys Financial Services segment, which includes its insurance and banking subsidiaries, reported a 24.3 percent year-on-year growth in revenue, to reach 200.5 billion (1.5 billion), in its first quarter, ending June 30 2009 Of this amount, financing activities accounted for 35.2 billion in net cash, a decrease of 90.6 billion, or 72 percent, year-on-year

By Jason T

Sony’s Financial Services segment, which includes its insurance
and banking subsidiaries, reported a 24.3 percent year-on-year
growth in revenue, to reach ¥200.5 billion (€1.5 billion), in its
first quarter, ending June 30 2009.

Of this amount, financing activities accounted for ¥35.2 billion
in net cash, a decrease of ¥90.6 billion, or 72 percent,
year-on-year. The decrease was attributed to fewer deposits from
customers at Sony Bank than in the same period last year.

During the last quarter, the non-Financial Services segments
reported a net cash inflow of ¥214.2 billion in financing
activities, bringing Sony’s total net cash provided by financing
activities to ¥265.3 billion.

Jason T Hesse

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