Sony's gaming and music businesses have shown strong growth, with stock prices soaring 8.7% strongly bullish

Sony's stock price rose 8.7% at the close in Tokyo, and Sony Group recently announced the performance of its music and gaming divisions, not only in a strong upward trend, but also analysts are generally optimistic about its future performance. Sony's current president, Hiroki Totoki, will take over as president and CEO in April, succeeding Kenichiro Yoshida, the current president and CEO of Sony Group, who will relinquish his management duties and continue to serve as Sony's representative director.

Yoshiki President was formerly the CFO of the Sony Group and served in the gaming division for many years. Yoshiki stated that the company's new game will provide strong support for the company's finances. Sony will launch a new game, 'Soul of Yagyu Mountain,' this year. Sony is confident that the new game will continue the success of the popular role-playing game 'Ghost of Tsushima,' which has sold 13 million copies on PlayStation and PC. The monthly active users on the PlayStation Network also grew by more than 10%, reaching 129 million users.

Sony announced its financial report for the third quarter of last year, with significant growth in its gaming and music performance

Sony was once famous for its Walkman ( portable music player ). Now the company's business covers hardware cameras, image sensors, game production and distribution, entertainment in movies and music IP, and even ventures into the financial insurance industry. Currently, Sony is eager to consolidate its position in the entertainment industry. The increase in Sony's streaming media revenue has also boosted the performance of Sony Music Business Unit. Music sales revenue grew significantly by 14% to 481.7 billion yen compared to the same quarter of the previous fiscal year, while operating profit increased by 28% to 97.4 billion yen compared to the same period of the previous quarter.

Sony announced its financial results for the third quarter of last year on February 14, with a 16% increase in gaming and network services to 1.6823 trillion yen. The quarterly report for gaming shows a 37% profit increase, and gaming hardware sales have also grown significantly. The sales of PlayStation 5 consoles reached 9.4 million units during the year-end shopping season, surpassing last year's 8.2 million units. The strong sales figures have analysts optimistic about Sony's future performance.

Sony's operating profit for the fiscal year ending in March is expected to increase by 2% to 1.34 trillion yen, with the company's financial report revealing strong profits in the music business, offsetting the lackluster performance of the film and television sector.

Yoshida Kenichiro handed over the baton to his successor, promoting Yuki Toki to take over as CEO and group president

Sony held a board meeting on January 29, and current Chairman and CEO Kenichiro Yoshida nominated Yuuki Jitoku as the new CEO. He highly praised Yuuki Jitoku's layout and outstanding performance in the company's foray into the entertainment industry, especially commending his vision in investing in semiconductors and entertainment IP. Kenichiro Yoshida, who will retire as CEO on March 31, will continue to serve as Sony's representative rights Chairman.

According to Sony's press release, the new CFO will be succeeded by Lin Tao, while Hideaki Nishino will take over as the CEO of Sony Interactive Entertainment, the company behind Play Station. This new wave of personnel changes is also the first major adjustment to the management team since Sony's establishment. Kenichiro Yoshida is prepared to hand over the reins and step back, entrusting the Sony Group to Hiroki Totoki for operation and management, allowing him to fully leverage his expertise in the entertainment IP field.

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