Sony has reported the fiscal year results for its music segment in the period up to March 31, 2026.
Overall revenue increased 15% year-on-year to 2.1 trillion yen ($13.5 billion). Sony reported a negative currency fluctuation impact of 16.9 billion yen ($107m).
The result was driven by higher revenues from streaming services in Recorded Music and Music Publishing. There were also higher revenues from live events and merchandising in Recorded Music.
Physical music revenue increased by 19.2% year-on-year.
Meanwhile, revenue at Sony Music Publishing was up 10.5% year-on-year.
Operating income was up 25% year-on-year to 447bn yen ($2.85bn). Even when excluding one-time items, operating income reached a record high.
On a US dollar basis, full-year streaming growth was 9% for Recorded Music at Sony and 14% for Music Publishing.
Bad Bunny’s Debí Tirar Más Fotos was the biggest-selling music project during the fiscal year. Other strong performers included SZA, Tate McRae and Harry Styles.
The forecast for the year ahead is flat growth in music.
While there are set to be higher revenues from streaming services in Recorded Music and Music Publishing, Sony anticipates lower revenues from live events and merchandising in Recorded Music.
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