# Sony Group (6758.JP)

Canonical: https://gigainvestors.com/s/6758.JP

Analysis as of: 2026-10-15T06:39:22.733Z. Financial observations: FY2008–FY2026.

Listing currency: JPY. Reporting currency: JPY.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: JPY 3,884.00 per share; close as of 2026-10-15.

Estimated value: low JPY 3,121.80 per share, central JPY 3,506.02 per share, high JPY 4,017.49 per share. Buy at or below the central value JPY 3,506.02 per share. Valuation as of 2026-10-15T06:39:22.733Z; scenarios are not confidence intervals.

Expected annual return: 9.2% at the stated quote. About 9.2% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; JP 10-year bond 2.9% + 4 points).

## Checklist

### understandable: pass

- 4 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 4

- Years with a net loss: 1

- Operating margin variation: 0.23×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.04×

- FY2018: 0.09×

- FY2019: 0.10×

- FY2020: 0.10×

- FY2021: 0.11×

- FY2022: 0.12×

- FY2023: 0.12×

- FY2024: 0.09×

- FY2025: 0.10×

- FY2026: 0.12×

### moat: fail

- Recent gross margin fell 7.8pp below the typical margin (limit 4pp)

- ROIC, median of available years: 17.9%

- ROIC, second-lowest year: 15.6%

- Typical minus recent gross margin: 7.8 pp

- Typical gross margin (annual median): 38.6%

- Recent gross margin (lower of latest and 3-year median): 30.8%

- Years with nonpositive capital: 0

- Capital spending / revenue: 4.6%

- ROIC including acquisitions, ten-year median: 19.6%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: 8.5%

- FY2018: 26.2%

- FY2019: 29.8%

- FY2020: 18.8%

- FY2021: 17.8%

- FY2022: 15.6%

- FY2023: 18.0%

- FY2024: 15.6%

- FY2025: 16.8%

- FY2026: 21.8%

### economics: fail

- working capital as a share of revenue rose more than 10pp and ends positive

- Owner earnings / net income, 5-yr: 1.64×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: JPY 6.02T

- Net income, five-year total: JPY 3.67T

- Return on incremental invested capital: 27.7%

- Working capital / revenue, annual change: 4.3 pp

- Working capital / revenue, change between three-year averages: 27.7 pp

- Working capital / revenue, final three-year average: 9.3%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2022: 1.45×

- FY2023: 1.39×

- FY2024: 1.54×

- FY2025: 1.36×

- FY2026: -0.95×

### management: fail

- Historical market-dollar context (not the management verdict): 2017 to 2026 (9 years)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 26.2% vs 16.8%

- Per-share earnings: 117.49 to 157.14 (three-year endpoint medians)

- five-year and ten-year diluted share growth both above threshold

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: 16.9%

- Ordinary dilution, 5-year annual growth: 36.7%

- Market cap gain: JPY 18.21T

- Cumulative retained earnings: JPY 4.31T

- Diluted shares, 10-year annual growth: 16.9%

- Diluted shares, 5-year annual growth: 36.7%

- $1 test, starting fiscal year: FY2017

- $1 test, ending fiscal year: FY2026

- Per-share value growth: 3.7%

- Per-share value change: JPY 39.64

- Per-share value, starting three-year median: JPY 117.49

- Per-share value, ending three-year median: JPY 157.14

- Buybacks concentrated in cheaper years (correlation): 0.04

- Average buyback yield: 2.9%

- Buyback history: 10 years

- Debt-funded buybacks: No

- Acquisition spending: JPY 1.51T

- Cumulative net income, 10 years: JPY 6.91T

- ROIC, first three-year median: 26.2%

- ROIC, last three-year median: 16.8%

Chart: Earnings per share; fiscal year observations.

- FY2017: JPY 56.89

- FY2018: JPY 379.75

- FY2019: JPY 707.74

- FY2020: JPY 461.23

- FY2021: JPY 936.90

- FY2022: JPY 705.03

- FY2023: JPY 161.96

- FY2024: JPY 157.14

- FY2025: JPY 187.92

- FY2026: JPY -54.70

### accounting: pass

- Sloan accruals: -14.5%

- Receivables to sales index (DSRI): 0.97×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 0.0%

- Earnings backed by cash: Yes

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.60×

Chart: Sloan accruals; fiscal year observations.

- FY2017: -4.2%

- FY2018: -4.0%

- FY2019: -1.6%

- FY2020: -3.1%

- FY2021: -0.6%

- FY2022: -1.2%

- FY2023: 2.2%

- FY2024: -1.2%

- FY2025: -3.3%

- FY2026: -14.5%

## Holders

- [Thomas Gayner](https://gigainvestors.com/MKL): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 2.3% a year for ten years · sales -3.7%

Story as of 2026-10-16T09:59:56.942Z; price observation 2026-10-15.

Price needs cash profits to grow 2.3% a year for ten years

### Sales · FY2025–2026

sales -3.7%; source https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YE2C.pdf; observed 2026-06-18.

- FY2017: JPY 7.60T 

- FY2018: JPY 8.54T 

- FY2019: JPY 8.67T 

- FY2020: JPY 8.26T 

- FY2021: JPY 9.00T 

- FY2022: JPY 9.92T 

- FY2023: JPY 10.97T 

- FY2024: JPY 13.02T 

- FY2025: JPY 12.96T 

- FY2026: JPY 12.48T 

### Gross margin · FY2026

gross margin 30.8%; source https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YE2C.pdf; observed 2026-06-18.

- FY2017: 37.5% 

- FY2018: 39.3% 

- FY2019: 40.6% 

- FY2020: 42.5% 

- FY2021: 43.7% 

- FY2022: 41.1% 

- FY2023: 34.6% 

- FY2024: 37.9% 

- FY2025: 34.4% 

- FY2026: 30.8% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Gets 36.6% of sales from Games and network services; keeps 30.8 cents per sales dollar after product costs.

- Source: https://query2.finance.yahoo.com/ws/fundamentals-timeseries/v1/finance/timeseries/6758.T?type=annualTotalRevenue%2CannualCostOfRevenue%2CannualGrossProfit%2CannualOperatingIncome%2CannualOperatingExpense%2CannualNetIncome%2CannualPretaxIncome%2CannualTaxProvision%2CannualDepreciationAndAmortization%2CannualStockBasedCompensation%2CannualOperatingCashFlow%2CannualCapitalExpenditure%2CannualCashDividendsPaid%2CannualRepurchaseOfCapitalStock%2CannualIssuanceOfCapitalStock%2CannualNetBusinessPurchaseAndSale%2CannualReceivables%2CannualInventory%2CannualAccountsPayable%2CannualCashCashEquivalentsAndShortTermInvestments%2CannualTotalDebt%2CannualCurrentDebt%2CannualStockholdersEquity%2CannualGoodwill%2CannualOtherIntangibleAssets%2CannualNetPPE%2CannualTotalAssets%2CannualTotalLiabilitiesNetMinorityInterest%2CannualCurrentAssets%2CannualCurrentLiabilities%2CannualDilutedAverageShares%2CannualDilutedEPS%2CannualRetainedEarnings&period1=1262304000&period2=1790802254 (filed 2026-06-18); FY2026: revenue 12479620000000; grossProfit 3844395000000; margin = grossProfit / revenue.

- Source: https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YE2C.pdf (filed 2026-06-18); 薄化後１株当たり当期純利益は、前年度 の期首に当該株式分割が行われたと仮定して算定しています。１株当たり当社株主に帰属する当期純損益の詳 細については、「第５ 経理の状況」連結財務諸表注記『26．基本的及び希薄化後EPSの調整表』参照） 35/286 EDINET提出書類 ソニーグループ株式会社(E01777) 有価証券報告書 分野別営業概況 以下の情報はセグメント情報にもとづきます。各分野の売上高はセグメント間取引消去前のものであり、ま た各分野の営業損益はセグメント間取引消去前のもので配賦不能費用は含まれていません。（「第５ 経理の 状況」 連結財務諸表注記『４．セグメント情報』参照） Ｇ＆ＮＳ分野 主要経営数値 2024年度 2025年度 （百万円） （百万円） 製品部門別の外部顧客向け売上高 デジタルソフトウェア・アドオンコンテンツ 2,290,498 2,415,305 ネットワーク 669,873 763,126 ハードウェア・その他 1,583,200 1,391,622 外部顧客向け売上高の合計 4,543,571 4,570,053 セグメント間取引 126,473 115,598 セグメント売上高 4,670,044 4,685,651 セグメント営業利益 414,819 463,258 2025年度のＧ＆ＮＳ分野の業績は、以下のとおりです。 売上高：４兆6,857億円（前年度比ほぼ横ばい、為替影響：＋873億円） （＋）為替の影響 （＋）ネットワークサービスの増収 （＋）自社制作以外のゲームソフトウェア販売増加 （−）販売台数減少によるハードウェアの減収 営業利益：4,633億円（前年度比484億円増益、為替影響：＋543億円） （＋）ネットワークサービスの増収の影響 （＋）為替の好影響 （−）Bungieの無形資産等の減損（1,201億円） 事業環境及び事業戦略 2025年度の当分野の業績は、拡大したPS5のインストールベースを背景とした、ネットワークサービスと ゲームソフトウェア販売からの安定的な収益拡大を反映し、当分野として過去最高益を更新しました。このよ うな環境下、ソニーは、プレイステーション®プラス（以下「PS Plus」）の収益拡大、プレイステーション® ストアにおけるユーザー一人当たりの平均売上高の最大化、自社制作のゲームソフトウェアの販売拡大、及び コストコントロールとサプライチェーン管理の強化を通じて、安定した事業成長をめざしています。具体的に は、ハードウェアについては、半導体メモリの価格高騰及び供給不足の影響があるものの、販売台数やプロ モーション等の計画を柔軟に見直し、損益への

### Why customers stay

Margins ranged from 30.8% to 37.9% during 2024–26; it earns 17.9% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2024: grossProfit / revenue = 37.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2025: grossProfit / revenue = 34.4%.

- Source: https://query2.finance.yahoo.com/ws/fundamentals-timeseries/v1/finance/timeseries/6758.T?type=annualTotalRevenue%2CannualCostOfRevenue%2CannualGrossProfit%2CannualOperatingIncome%2CannualOperatingExpense%2CannualNetIncome%2CannualPretaxIncome%2CannualTaxProvision%2CannualDepreciationAndAmortization%2CannualStockBasedCompensation%2CannualOperatingCashFlow%2CannualCapitalExpenditure%2CannualCashDividendsPaid%2CannualRepurchaseOfCapitalStock%2CannualIssuanceOfCapitalStock%2CannualNetBusinessPurchaseAndSale%2CannualReceivables%2CannualInventory%2CannualAccountsPayable%2CannualCashCashEquivalentsAndShortTermInvestments%2CannualTotalDebt%2CannualCurrentDebt%2CannualStockholdersEquity%2CannualGoodwill%2CannualOtherIntangibleAssets%2CannualNetPPE%2CannualTotalAssets%2CannualTotalLiabilitiesNetMinorityInterest%2CannualCurrentAssets%2CannualCurrentLiabilities%2CannualDilutedAverageShares%2CannualDilutedEPS%2CannualRetainedEarnings&period1=1262304000&period2=1790802254 (filed 2026-06-18); FY2026: grossProfit / revenue = 30.8%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); 10-year return on capital observations [[2017,0.08475484698797303],[2018,0.262029613104713],[2019,0.2979806886338601],[2020,0.18827882115943106],[2021,0.17792050249962796],[2022,0.15622310027799072],[2023,0.17957855576841789],[2024,0.15556447812473548],[2025,0.16824245274488786],[2026,0.21849281592426936]]; median 0.17874952913402292. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Reinvests 59.8% of cash earnings; earns 27.7% on new investment.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2017: growth capex 0; upkeep 0; owner earnings 807530000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2018: growth capex 0; upkeep 0; owner earnings 1253971000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2019: growth capex 0; upkeep 344097000000; cash acquisitions 244197000000; owner earnings 914641000000. Growth capex plus acquisitions / owner earnings = 0.2669867193795161.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2021: growth capex 0; upkeep 477931000000; cash acquisitions 15260000000; owner earnings 1381218000000. Growth capex plus acquisitions / owner earnings = 0.0110482197596614.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2022: growth capex 0; upkeep 441096000000; cash acquisitions 277618000000; owner earnings 1276315000000. Growth capex plus acquisitions / owner earnings = 0.2175152685661455.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2023: growth capex 0; upkeep 613635000000; cash acquisitions 283402000000; owner earnings 1396232000000. Growth capex plus acquisitions / owner earnings = 0.2029762962029233.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2024: growth capex 0; upkeep 623946000000; cash acquisitions 199255000000; owner earnings 1491608000000. Growth capex plus acquisitions / owner earnings = 0.13358402475717482.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); FY2025: growth capex 0; upkeep 620985000000; cash acquisitions 294417000000; owner earnings 1547254000000. Growth capex plus acquisitions / owner earnings = 0.19028356042382183.

- Source: https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YE2C.pdf (filed 2026-06-18); FY2026: growth capex 0; upkeep 457681000000; cash acquisitions 185355000000; owner earnings 310163000000. Growth capex plus acquisitions / owner earnings = 0.5976051302057306.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); Incremental return on capital 0.27676799859048373, from the economics test's unchanged annual inputs.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); Dividend observations: [[2017,25301000000],[2018,28490000000],[2019,38067000000],[2020,49574000000],[2021,61288000000],[2022,74342000000],[2023,86568000000],[2024,98620000000],[2025,115253000000],[2026,135028000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://query2.finance.yahoo.com/ws/fundamentals-timeseries/v1/finance/timeseries/6758.T?type=annualTotalRevenue%2CannualCostOfRevenue%2CannualGrossProfit%2CannualOperatingIncome%2CannualOperatingExpense%2CannualNetIncome%2CannualPretaxIncome%2CannualTaxProvision%2CannualDepreciationAndAmortization%2CannualStockBasedCompensation%2CannualOperatingCashFlow%2CannualCapitalExpenditure%2CannualCashDividendsPaid%2CannualRepurchaseOfCapitalStock%2CannualIssuanceOfCapitalStock%2CannualNetBusinessPurchaseAndSale%2CannualReceivables%2CannualInventory%2CannualAccountsPayable%2CannualCashCashEquivalentsAndShortTermInvestments%2CannualTotalDebt%2CannualCurrentDebt%2CannualStockholdersEquity%2CannualGoodwill%2CannualOtherIntangibleAssets%2CannualNetPPE%2CannualTotalAssets%2CannualTotalLiabilitiesNetMinorityInterest%2CannualCurrentAssets%2CannualCurrentLiabilities%2CannualDilutedAverageShares%2CannualDilutedEPS%2CannualRetainedEarnings&period1=1262304000&period2=1790802254 (filed 2026-06-18); FY2026: cash repurchases 522089000000 JPY.

### Are managers owners

Insiders own <0.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); SONY.US SharesStats.PercentInsiders = 0.001 percentage points; cache date 2026-10-16.

### What the price says

The price assumes cash profits grow 2.3% yearly over ten years; actual decline was 21.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); Ten-year compound average after fade. Initial solved rate 0.020075811439269953. Price 3884; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2016 owner earnings/share 591.8348526850272 → FY2026 51.904964128921726. Closing-price date 2026-10-15.

## Monthly share-price history (JPY per share)

- 2016-11: JPY 657.60 per share

- 2016-12: JPY 655.00 per share

- 2017-01: JPY 684.60 per share

- 2017-02: JPY 695.60 per share

- 2017-03: JPY 753.20 per share

- 2017-04: JPY 751.80 per share

- 2017-05: JPY 806.80 per share

- 2017-06: JPY 857.20 per share

- 2017-07: JPY 908.00 per share

- 2017-08: JPY 867.40 per share

- 2017-09: JPY 837.20 per share

- 2017-10: JPY 882.60 per share

- 2017-11: JPY 1,040.20 per share

- 2017-12: JPY 1,016.60 per share

- 2018-01: JPY 1,041.80 per share

- 2018-02: JPY 1,088.40 per share

- 2018-03: JPY 1,029.20 per share

- 2018-04: JPY 1,080.00 per share

- 2018-05: JPY 1,032.00 per share

- 2018-06: JPY 1,132.80 per share

- 2018-07: JPY 1,165.60 per share

- 2018-08: JPY 1,269.60 per share

- 2018-09: JPY 1,393.20 per share

- 2018-10: JPY 1,228.00 per share

- 2018-11: JPY 1,187.40 per share

- 2018-12: JPY 1,065.20 per share

- 2019-01: JPY 1,093.40 per share

- 2019-02: JPY 1,068.20 per share

- 2019-03: JPY 929.00 per share

- 2019-04: JPY 1,042.40 per share

- 2019-05: JPY 1,051.40 per share

- 2019-06: JPY 1,129.60 per share

- 2019-07: JPY 1,234.00 per share

- 2019-08: JPY 1,208.40 per share

- 2019-09: JPY 1,269.40 per share

- 2019-10: JPY 1,325.00 per share

- 2019-11: JPY 1,380.80 per share

- 2019-12: JPY 1,480.20 per share

- 2020-01: JPY 1,543.60 per share

- 2020-02: JPY 1,322.20 per share

- 2020-03: JPY 1,284.20 per share

- 2020-04: JPY 1,386.40 per share

- 2020-05: JPY 1,374.80 per share

- 2020-06: JPY 1,476.80 per share

- 2020-07: JPY 1,615.20 per share

- 2020-08: JPY 1,661.80 per share

- 2020-09: JPY 1,606.40 per share

- 2020-10: JPY 1,734.80 per share

- 2020-11: JPY 1,940.80 per share

- 2020-12: JPY 2,057.00 per share

- 2021-01: JPY 2,010.00 per share

- 2021-02: JPY 2,224.00 per share

- 2021-03: JPY 2,319.00 per share

- 2021-04: JPY 2,180.00 per share

- 2021-05: JPY 2,157.00 per share

- 2021-06: JPY 2,163.00 per share

- 2021-07: JPY 2,275.00 per share

- 2021-08: JPY 2,272.00 per share

- 2021-09: JPY 2,491.00 per share

- 2021-10: JPY 2,628.00 per share

- 2021-11: JPY 2,765.00 per share

- 2021-12: JPY 2,895.00 per share

- 2022-01: JPY 2,544.00 per share

- 2022-02: JPY 2,362.00 per share

- 2022-03: JPY 2,546.00 per share

- 2022-04: JPY 2,244.00 per share

- 2022-05: JPY 2,423.00 per share

- 2022-06: JPY 2,219.00 per share

- 2022-07: JPY 2,339.00 per share

- 2022-08: JPY 2,227.00 per share

- 2022-09: JPY 1,857.20 per share

- 2022-10: JPY 1,997.60 per share

- 2022-11: JPY 2,251.00 per share

- 2022-12: JPY 2,007.00 per share

- 2023-01: JPY 2,316.00 per share

- 2023-02: JPY 2,286.00 per share

- 2023-03: JPY 2,397.00 per share

- 2023-04: JPY 2,566.00 per share

- 2023-05: JPY 2,632.00 per share

- 2023-06: JPY 2,593.00 per share

- 2023-07: JPY 2,663.00 per share

- 2023-08: JPY 2,429.00 per share

- 2023-09: JPY 2,448.00 per share

- 2023-10: JPY 2,485.00 per share

- 2023-11: JPY 2,564.00 per share

- 2023-12: JPY 2,682.00 per share

- 2024-01: JPY 2,939.00 per share

- 2024-02: JPY 2,589.00 per share

- 2024-03: JPY 2,594.00 per share

- 2024-04: JPY 2,617.00 per share

- 2024-05: JPY 2,579.00 per share

- 2024-06: JPY 2,728.00 per share

- 2024-07: JPY 2,706.00 per share

- 2024-08: JPY 2,840.00 per share

- 2024-09: JPY 2,777.50 per share

- 2024-10: JPY 2,723.50 per share

- 2024-11: JPY 3,007.00 per share

- 2024-12: JPY 3,369.00 per share

- 2025-01: JPY 3,440.00 per share

- 2025-02: JPY 3,739.00 per share

- 2025-03: JPY 3,765.00 per share

- 2025-04: JPY 3,771.00 per share

- 2025-05: JPY 3,810.00 per share

- 2025-06: JPY 3,730.00 per share

- 2025-07: JPY 3,682.00 per share

- 2025-08: JPY 4,083.00 per share

- 2025-09: JPY 4,259.00 per share

- 2025-10: JPY 4,332.00 per share

- 2025-11: JPY 4,575.00 per share

- 2025-12: JPY 4,024.00 per share

- 2026-01: JPY 3,454.00 per share

- 2026-02: JPY 3,643.00 per share

- 2026-03: JPY 3,209.00 per share

- 2026-04: JPY 3,113.00 per share

- 2026-05: JPY 3,444.00 per share

- 2026-06: JPY 3,280.00 per share

- 2026-07: JPY 3,787.00 per share

- 2026-08: JPY 4,016.00 per share

- 2026-09: JPY 3,759.00 per share

- 2026-10: JPY 3,865.00 per share

## Annual estimated value (JPY per share)

- FY2025: low JPY 3,413.98 per share, central JPY 3,822.92 per share, high JPY 4,367.30 per share

- FY2026: low JPY 3,053.75 per share, central JPY 3,429.59 per share, high JPY 3,929.91 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:39:22.733Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original EDINET filing](https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YE2C.pdf); period 2026-03-31, filed 2026-06-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Thomas Gayner](https://gigainvestors.com/MKL): 335,000 SONY shares; USD 6,720,000 reported position value; 0.05% of portfolio; hold; quarter 2026 Q2.