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Sony Q4 2021 earnings results miss expectations, announces 200 billion yen buyback

Sony just released their financial results for fiscal 2021, and Q4 proved to be tough for the PS5.

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Sony has reported their Q4 2021 earnings results, and the entertainment group missed operating profit estimates as well as FY 2021 company-wide operating income expectations. The company also announced a 200 billion yen share buyback program in a vote of confidence about the stock's current valuation.

Sony laid out some parameters and rules for the 200 billion yen share buyback.
Sony laid out some parameters and rules for the 200 billion yen share buyback.

Check out some more details from the press release about Sony's plans for the 200 billion yen share buyback. 

Sony's Q4 2021 missed estimates with the entertainment group missing expectations largely due to a decrease in PS5 sales year-over-year. Sony's stock has fallen 38.7% since hitting a multi-year high in January of this year. It stands to reason that Sony sees brighter days ahead once the supply chain issues abate.

Sony's stock has had a tough 2022, with shares down over 38% year-to-date.
Sony's stock has had a tough 2022, with shares down over 38% year-to-date.

Sony's buyback is for a larger amount than the one Nintendo just announced. The PS5 maker will be gobbling up nearly 2% of the outstanding shares, and the purchases can be executed strategically throughout the year. 

Luminary

Asif Khan is the Luminary and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

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