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Sony Corp’s Q1 net income up over 1000 %

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MUMBAI: Japan’s Sony Corporation has posted a first quarter net ncome of Y23.3 billion. This marks an increase of 1,975 per cent from last year’s first quarter Y1.1 billion.

The company partly attributed the results to gains at Sony Ericsson Mobile Communications, which contributed Y 5.8 billion to net income, versus a similar loss last year.

 
Its sales and revenue increased marginally to Y1,603.8 from Y1,612.1 in the same quarter last year. However its operating income was down 41.4 per cent to Y9.8 from Y16.7.

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In the Electronics segment, although sales to outside customers increased, overall sales decreased by 0.2 per cent due to a significant decline in intersegment sales to the Game segment. This was due to the outsourcing of PlayStation 2 production to third parties in China.

Sales of flat panel and LCD rear projection televisions and digital still cameras increased, while sales of portable audio and CRT televisions decreased. Sales declined in the Game segment due to lower sales of hardware. Sales increased in the music segment due to a string of successful releases. In the pictures segment, although sales on a US dollar basis increased, sales decreased due to the appreciation of the yen.

In the Electronics segment, operating income declined mainly due to the appreciation of the yen and an increase in restructuring charges. In the Game segment, an operating loss was recorded mainly due to lower sales of software published by Sony Computer Entertainment.

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In the Pictures segment, operating income was recorded compared with an operating loss in the same quarter of the previous year due to the successful performance of home entertainment and theatrical releases. This included titles like 50 First Dates and Big Fish .Spider-Man 2, Hellboy and 13 Going on 30. all performed well in cinemas.

Sony chairman and CEO Nobuyuki Idei said,” The consolidated results when viewed on a local currency basis demonstrated both increased revenue and increased profits. However, due to the appreciation of the yen, operating income declined and only a slight increase in sales could be realised for the first quarter ended 30 June 2004.

“Net income increased significantly mainly due to the contribution of equity in net income including that from Sony Ericsson. In addition, the worldwide theatrical release of Spider-Man 2 beginning at the end of June is proving to be a huge success.”

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Looking to the future he added, “For the Sony Group, the fiscal year ending 31 March 2005 has been earmarked as an important year for strengthening the foundation necessary for achieving mid- to long-term growth. We will continue to enhance the competitiveness of our products in key categories such as digital AV products, and will release enticing new products such as the new PlayStation Portable handheld video game system. In addition, by investing proactively in key components such as semiconductors and LCD panels, we are striving to increase the proportion of components developed internally in order to incorporate added-value into the Sony Group.

“In the Music segment, the establishment of a joint venture with Bertelsmann AG is aimed at improving profitability by enhancing management efficiencies and generating benefits from increased business size.”

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News Broadcasting

Network18 channels lead YouTube news viewership in March 2026

CNN-News18, News18 India and CNBC channels top categories with record views

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MUMBAI: When the world hit refresh on breaking news, Network18’s channels were already streaming ahead. As geopolitical tensions and war-driven headlines fuelled a surge in global news consumption, the network’s digital playbook delivered big clocking record Youtube viewership across English, Hindi and business news categories in March 2026.

At the forefront was CNN-News18, which emerged as the clear leader in the English news segment with 130 million live and video-on-demand views. The channel edged past competitors such as Times of India (126.5 million), Times Now (101.1 million), India Today (88.2 million) and NDTV (77.5 million), according to Databeings data for March.

In the Hindi news arena, News18 India delivered a commanding performance, racking up a staggering 3,297 million views on YouTube. The channel comfortably outpaced NDTV India, which recorded 3,119 million views, underlining its deep reach and consistent engagement with mass audiences, as per Playboard data.

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The network’s dominance wasn’t confined to general news. In the Hindi business segment, CNBC Awaaz topped the charts with 92 million views, narrowly ahead of Zee Business (90 million) and well ahead of ET Now Swadesh (57 million). Meanwhile, its English counterpart CNBC-TV18 posted a strong 58 million views, reinforcing the network’s cross-category strength.

The spike in viewership reflects a broader shift in audience behaviour, with viewers increasingly turning to digital platforms particularly Youtube for real-time updates and in-depth coverage during high-intensity news cycles. For Network18, the numbers signal more than just scale; they underline the effectiveness of a multi-platform strategy that blends speed, credibility and continuous coverage.

In a month where the news never paused, it seems viewers chose to stay tuned where the stream never stopped.

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