Interim report
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Consolidated Financial Summary for the Second Quarter (Semi-annual) Ended September 30, 2026 (In accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”)) November 5, 2026 Company name : Sony Group Corporation Stock exchange listing : Tokyo Stock Exchange (“TSE”) Securities code : 6758 URL : https://www.sony.com/en/SonyInfo/IR/ Representative : Hiroki Totoki, Representative Corporate Executive Officer Contact person : Shunsuke Shinchi, General Manager, Investor Relations Section, Investor Relations Department Telephone : +81-3-6748-2111 Scheduled date to file semi-annual securities report : November 10, 2026 Scheduled date to commence dividend payment : December 4, 2026 Preparation of supplementary materials on financial results : Yes Holding of financial results briefing : Yes (for investors and analysts) (Amounts are rounded to the nearest million yen, unless otherwise noted.) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Sales Operating income Income before income taxes Net income* Net income attributable to Sony Group Corporation’s stockholders* Six months ended Yen in millions % Yen in millions % Yen in millions % Yen in millions % Yen in millions % September 30, 2026 6,267,217 9.4 1,098,828 42.9 1,100,645 37.9 806,860 38.8 791,764 38.8 September 30, 2025 5,729,522 3.5 768,929 20.4 798,362 18.9 581,227 14.5 570,452 13.7 Total comprehensive income* Basic earnings per share* Diluted earnings per share* Six months ended Yen in millions % Yen Yen September 30, 2026 754,506 12.4 134.89 134.30 September 30, 2025 670,993 138.8 95.09 94.51 Total assets Total equity Equity attributable to Sony Group Corporation’s stockholders Ratio of equity attributable to Sony Group Corporation’s stockholders to total assets As of Yen in millions Yen in millions Yen in millions % September 30, 2026 16,667,715 9,003,558 8,550,372 51.3 March 31, 2026 15,683,490 8,513,589 8,119,011 51.8 1. Consolidated financial results for the six months ended September 30, 2026 (from April 1, 2026 to September 30, 2026) * Effective October 1, 2025, Sony Group Corporation executed a partial spin-off of Sony Financial Group Inc. (“SFGI”), a formerly wholly-owned subsidiary which operates the Financial Services business (the “Spin-off”). As a result of the resolution of Sony Group Corporation’s Board of Directors on May 14, 2025 on a plan for the execution of the Spin-off, the Financial Services business has been classified as a discontinued operation and presented separately from continuing operations, comprised of Sony’s businesses excluding the Financial Services business, from the three months ended June 30, 2025, in accordance with IFRS Accounting Standards. Therefore, the above figures for net income, net income attributable to Sony Group Corporation’s stockholders, total comprehensive income, basic earnings per share and diluted earnings per share for the six months ended September 30, 2025 represent the results for continuing operations. The year-on-year percentage changes of net income, net income attributable to Sony Group Corporation’s stockholders and total comprehensive income for the six months ended September 30, 2026 are calculated using the figures for continuing operations for the six months ended September 30, 2025. As net income (loss) from discontinued operations was not recorded in the six months ended September 30, 2026, there is no difference between the figures for continuing operations and the consolidated figures for the six months ended September 30, 2026. For details of discontinued operations, please refer to “Notes to Condensed Semi-annual Consolidated Financial Statements - Accounting Policy and Other Information (Discontinued operations)” on page 19 of the Appendix. (2) Consolidated financial position
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Annual dividends per share First quarter-end Second quarter-end Third quarter-end Year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026* - 12.50 - 12.50 25.00 Fiscal year ending March 31, 2027 - 17.50 Fiscal year ending March 31, 2027 (Forecast) - 17.50 35.00 (Percentages indicate year-on-year changes.) Fiscal year ending March 31, 2027 Sales Operating income Income before income taxes Net income attributable to Sony Group Corporation’s stockholders* Yen in millions % Yen in millions % Yen in millions % Yen in millions % Full year 13,000,000 4.2 1,870,000 29.2 1,860,000 30.8 1,330,000 29.0 2. Dividends Note: Revisions to the forecast of dividends most recently announced: No * Upon the execution of the above-mentioned Spin-off, Sony Group Corporation distributed dividends in kind to shareholders appearing in its register of shareholders as of the record date, September 30, 2025, at the rate of one share of common stock of SFGI to one share of common stock of Sony Group Corporation held by each shareholder. However, the above dividends for the fiscal year ended March 31, 2026 do not include such dividends in kind. 3. Forecast for Consolidated Results for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027) Note: Revisions to the forecast for the fiscal year ending March 31, 2027 most recently announced: Yes * The year-on-year percentage change of net income attributable to Sony Group Corporation’s stockholders is calculated using net income from continuing operations attributable to Sony Group Corporation’s stockholders for the fiscal year ended March 31, 2026. As net income (loss) from discontinued operations is not expected to be incurred in the fiscal year ending March 31, 2027, there is no difference between the figure for net income attributable to Sony Group Corporation’s stockholders for continuing operations and the consolidated figure in the forecast for the fiscal year ending March 31, 2027.
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As of September 30, 2026 5,965,316,326 shares As of March 31, 2026 6,149,810,645 shares As of September 30, 2026 125,470,354 shares As of March 31, 2026 242,143,391 shares Six months ended September 30, 2026 5,869,912,621 shares Six months ended September 30, 2025 5,999,085,243 shares Notes (1) Significant changes in the scope of consolidation during the period : No (2) Changes in accounting policies and changes in accounting estimates: (i) Changes in accounting policies required by IFRS Accounting Standards : Yes (ii) Changes in accounting policies due to other reasons : No (iii) Changes in accounting estimates : No (3) Number of issued shares (common stock): (i) Total number of issued shares at the end of the period (including treasury stock) (ii) Number of shares of treasury stock at the end of the period (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Note: Please refer to “Notes to Condensed Semi-annual Consolidated Financial Statements - Accounting Policy and Other Information (Net Income Attributable to Sony Group Corporation’s Stockholders per Share (“EPS”) and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock)” on page 17 of the Appendix for number of shares used as basis for calculating consolidated per share data. * This Consolidated Financial Summary for the Second Quarter (Semi-annual) is not subject to review by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters: Please refer to “Cautionary Statement” on page 20 of the Appendix for assumptions and other matters related to the forecast of financial results. Supplementary materials on financial results including the presentation material for the earnings announcement are available on Sony Group Corporation’s website along with this document.
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Condensed Semi-annual Consolidated Financial Statements (Unaudited) 2 Condensed Semi-annual Consolidated Statements of Financial Position 2 Condensed Quarterly Consolidated Statements of Income (Three months ended September 30) 4 Condensed Quarterly Consolidated Statements of Comprehensive Income (Three months ended September 30) 5 Condensed Semi-annual Consolidated Statements of Income (Six months ended September 30) 6 Condensed Semi-annual Consolidated Statements of Comprehensive Income (Six months ended September 30) 7 Condensed Semi-annual Consolidated Statements of Changes in Stockholders’ Equity (Six months ended September 30) 8 Condensed Semi-annual Consolidated Statements of Cash Flows (Six months ended September 30) 9 Notes to Condensed Semi-annual Consolidated Financial Statements 11 - Business Segment Information 11 - Going Concern Assumption 17 - Accounting Policy and Other Information 17 Overview of Operating Results 20 Cautionary Statement 20 (Appendix) Table of Contents for Appendix All financial information is prepared in accordance with IFRS Accounting Standards. Sony Group Corporation and its consolidated subsidiaries are together referred to as “Sony” or “Sony Group.” - 1 -
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Yen in millions March 31, 2026 September 30, 2026 Change from March 31, 2026 ASSETS Current assets: Cash and cash equivalents 2,208,879 2,009,334 (199,545) Trade and other receivables, and contract assets 1,821,916 2,174,335 352,419 Inventories 1,227,351 1,452,548 225,197 Other financial assets 28,167 32,117 3,950 Other current assets 663,678 695,049 31,371 Total current assets 5,949,991 6,363,383 413,392 Non-current assets: Investments accounted for using the equity method 483,709 348,952 (134,757) Property, plant and equipment 1,453,805 1,389,232 (64,573) Right-of-use assets 524,345 536,894 12,549 Goodwill 1,673,906 1,653,097 (20,809) Content assets 2,558,615 3,156,439 597,824 Other intangible assets 659,578 655,666 (3,912) Deferred tax assets 560,800 547,050 (13,750) Other financial assets 1,173,819 1,341,404 167,585 Other non-current assets 644,922 675,598 30,676 Total non-current assets 9,733,499 10,304,332 570,833 Total assets 15,683,490 16,667,715 984,225 (Unaudited) Condensed Semi-annual Consolidated Financial Statements Condensed Semi-annual Consolidated Statements of Financial Position (Continued on the following page.) - 2 -
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Yen in millions March 31, 2026 September 30, 2026 Change from March 31, 2026 LIABILITIES Current liabilities: Short-term borrowings 51,183 45,904 (5,279) Lease liabilities 94,160 97,956 3,796 Current portion of long-term debt 166,410 165,932 (478) Trade and other payables 2,240,566 2,331,088 90,522 Income taxes payable 196,000 238,429 42,429 Participation and residual liabilities in the Pictures segment 223,233 196,516 (26,717) Contract liabilities 594,336 735,814 141,478 Other financial liabilities 115,785 25,652 (90,133) Other current liabilities 1,350,951 1,267,220 (83,731) Total current liabilities 5,032,624 5,104,511 71,887 Non-current liabilities: Long-term debt 824,393 1,236,034 411,641 Lease liabilities 533,523 541,024 7,501 Defined benefit liabilities 165,017 158,765 (6,252) Deferred tax liabilities 211,391 240,599 29,208 Participation and residual liabilities in the Pictures segment 140,893 126,382 (14,511) Other financial liabilities 105,827 108,062 2,235 Other non-current liabilities 156,233 148,780 (7,453) Total non-current liabilities 2,137,277 2,559,646 422,369 Total liabilities 7,169,901 7,664,157 494,256 EQUITY Sony Group Corporation’s stockholders’ equity: Common stock 881,357 881,357 - Additional paid-in capital 1,465,499 895,196 (570,303) Retained earnings 5,294,890 6,009,810 714,920 Accumulated other comprehensive income 1,229,371 1,180,202 (49,169) Treasury stock, at cost (752,106) (416,193) 335,913 Equity attributable to Sony Group Corporation’s stockholders 8,119,011 8,550,372 431,361 Non-controlling interests 394,578 453,186 58,608 Total equity 8,513,589 9,003,558 489,969 Total liabilities and equity 15,683,490 16,667,715 984,225 Condensed Semi-annual Consolidated Statements of Financial Position (Continued) - 3 -
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Yen in millions Three months ended September 30 2025 2026 Change Continuing operations Sales 3,107,907 3,429,446 321,539 Costs and expenses: Cost of sales 2,100,373 2,162,111 61,738 Selling, general and administrative 552,949 629,166 76,217 Other operating (income) expense, net 23,964 (6,947) (30,911) Total costs and expenses 2,677,286 2,784,330 107,044 Share of profit (loss) of investments accounted for using the equity method (1,647) (22,787) (21,140) Operating income 428,974 622,329 193,355 Financial income 31,453 21,264 (10,189) Financial expenses 18,666 20,439 1,773 Income before income taxes 441,761 623,154 181,393 Income taxes 123,354 166,301 42,947 Net income from continuing operations 318,407 456,853 138,446 Discontinued operations Net income from discontinued operations 50,543 - (50,543) Net income 368,950 456,853 87,903 Net income attributable to Sony Group Corporation’s stockholders 361,968 449,603 87,635 Net income from continuing operations 311,425 449,603 138,178 Net income from discontinued operations 50,543 - (50,543) Non-controlling interests 6,982 7,250 268 Yen Three months ended September 30 2025 2026 Change Per share data: Net income attributable to Sony Group Corporation’s stockholders - Basic 60.48 76.88 16.40 Continuing operations 52.03 76.88 24.85 Discontinued operations 8.45 - (8.45) - Diluted 60.10 76.49 16.39 Continuing operations 51.71 76.49 24.78 Discontinued operations 8.39 - (8.39) Condensed Quarterly Consolidated Statements of Income - 4 -
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Yen in millions Three months ended September 30 2025 2026 Change Net income 368,950 456,853 87,903 Other comprehensive income, net of tax - Items that will not be reclassified to profit or loss Changes in equity instruments measured at fair value through other comprehensive income 3,319 40,705 37,386 Remeasurement of defined benefit pension plans 6 0 (6) Share of other comprehensive income of investments accounted for using the equity method 192 (95) (287) Other comprehensive income from discontinued operations 872 - (872) Items that may be reclassified subsequently to profit or loss Cash flow hedges (3,604) (1,975) 1,629 Exchange differences on translating foreign operations 113,183 (185,840) (299,023) Share of other comprehensive income of investments accounted for using the equity method 1,089 (2,448) (3,537) Other comprehensive income from discontinued operations (23,189) - 23,189 Total other comprehensive income, net of tax 91,868 (149,653) (241,521) Comprehensive income 460,818 307,200 (153,618) Total comprehensive income Comprehensive income from continuing operations 432,592 307,200 (125,392) Comprehensive income from discontinued operations 28,226 - (28,226) Comprehensive income attributable to Sony Group Corporation’s stockholders 453,407 300,926 (152,481) Comprehensive income from continuing operations 425,181 300,926 (124,255) Comprehensive income from discontinued operations 28,226 - (28,226) Non-controlling interests 7,411 6,274 (1,137) Condensed Quarterly Consolidated Statements of Comprehensive Income - 5 -
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Yen in millions Six months ended September 30 2025 2026 Change Continuing operations Sales 5,729,522 6,267,217 537,695 Costs and expenses: Cost of sales 3,875,440 3,958,403 82,963 Selling, general and administrative 1,067,751 1,197,539 129,788 Other operating (income) expense, net 14,044 (8,334) (22,378) Total costs and expenses 4,957,235 5,147,608 190,373 Share of profit (loss) of investments accounted for using the equity method (3,358) (20,781) (17,423) Operating income 768,929 1,098,828 329,899 Financial income 79,965 45,728 (34,237) Financial expenses 50,532 43,911 (6,621) Income before income taxes 798,362 1,100,645 302,283 Income taxes 217,135 293,785 76,650 Net income from continuing operations 581,227 806,860 225,633 Discontinued operations Net income from discontinued operations 28,425 - (28,425) Net income 609,652 806,860 197,208 Net income attributable to Sony Group Corporation’s stockholders 598,877 791,764 192,887 Net income from continuing operations 570,452 791,764 221,312 Net income from discontinued operations 28,425 - (28,425) Non-controlling interests 10,775 15,096 4,321 Yen Six months ended September 30 2025 2026 Change Per share data: Net income attributable to Sony Group Corporation’s stockholders - Basic 99.83 134.89 35.06 Continuing operations 95.09 134.89 39.80 Discontinued operations 4.74 - (4.74) - Diluted 99.22 134.30 35.08 Continuing operations 94.51 134.30 39.79 Discontinued operations 4.71 - (4.71) Condensed Semi-annual Consolidated Statements of Income - 6 -
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Yen in millions Six months ended September 30 2025 2026 Change Net income 609,652 806,860 197,208 Other comprehensive income, net of tax - Items that will not be reclassified to profit or loss Changes in equity instruments measured at fair value through other comprehensive income 2,516 29,690 27,174 Remeasurement of defined benefit pension plans 6 (1,655) (1,661) Share of other comprehensive income of investments accounted for using the equity method 151 9 (142) Other comprehensive income from discontinued operations 857 - (857) Items that may be reclassified subsequently to profit or loss Cash flow hedges (4,548) (416) 4,132 Exchange differences on translating foreign operations 90,883 (104,475) (195,358) Share of other comprehensive income of investments accounted for using the equity method 758 24,493 23,735 Other comprehensive income from discontinued operations 30,112 - (30,112) Total other comprehensive income, net of tax 120,735 (52,354) (173,089) Comprehensive income 730,387 754,506 24,119 Total comprehensive income Comprehensive income from continuing operations 670,993 754,506 83,513 Comprehensive income from discontinued operations 59,394 - (59,394) Comprehensive income attributable to Sony Group Corporation’s stockholders 720,295 739,597 19,302 Comprehensive income from continuing operations 660,901 739,597 78,696 Comprehensive income from discontinued operations 59,394 - (59,394) Non-controlling interests 10,092 14,909 4,817 Condensed Semi-annual Consolidated Statements of Comprehensive Income - 7 -
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Yen in millions Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Accumulated other comprehensive income directly related to disposal groups classified as held for distribution to owners Treasury stock, at cost Sony Group Corporation’s stockholders’ equity Non- controlling interests Total equity Balance at April 1, 2025 881,357 1,483,527 6,678,168 (566,447) - (296,860) 8,179,745 330,406 8,510,151 Comprehensive income: Net income 598,877 598,877 10,775 609,652 Other comprehensive income, net of tax 56,155 65,263 121,418 (683) 120,735 Total comprehensive income 598,877 56,155 65,263 720,295 10,092 730,387 Transfer to retained earnings 754 (824) 70 - - Transactions with stockholders and other: Stock issued under stock-based compensation transactions 1,364 26,897 28,261 28,261 Compensation expenses related to stock- based compensation transactions 8,112 8,112 8,112 Dividends declared (60,250) (60,250) (19,032) (79,282) Dividends in kind (955,700) (955,700) (955,700) Purchase of treasury stock (219,365) (219,365) (219,365) Reissuance of treasury stock 0 0 0 0 Transfer to held for distribution to owners 1,447,112 (1,447,112) - - Transactions with non-controlling interests shareholders and other (18,706) 5,210 (13,496) (15,007) (28,503) Balance at September 30, 2025 881,357 1,474,297 6,261,849 941,206 (1,381,779) (489,328) 7,687,602 306,459 7,994,061 Yen in millions Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Treasury stock, at cost Sony Group Corporation’s stockholders’ equity Non- controlling interests Total equity Balance at April 1, 2026 881,357 1,465,499 5,294,890 1,229,371 (752,106) 8,119,011 394,578 8,513,589 Comprehensive income: Net income 791,764 791,764 15,096 806,860 Other comprehensive income, net of tax (52,167) (52,167) (187) (52,354) Total comprehensive income 791,764 (52,167) 739,597 14,909 754,506 Transfer to retained earnings (2,998) 2,998 - - Transactions with stockholders and other: Stock issued under stock-based compensation transactions (3,049) 21,711 18,662 18,662 Compensation expenses related to stock- based compensation transactions 8,094 8,094 8,094 Dividends declared (73,846) (73,846) (15,331) (89,177) Purchase of treasury stock (263,365) (263,365) (263,365) Reissuance of treasury stock 0 0 0 0 Cancellation of treasury stock (577,567) 577,567 - - Transactions with non-controlling interests shareholders and other 2,219 2,219 59,030 61,249 Balance at September 30, 2026 881,357 895,196 6,009,810 1,180,202 (416,193) 8,550,372 453,186 9,003,558 Condensed Semi-annual Consolidated Statements of Changes in Stockholders’ Equity - 8 -
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Yen in millions Six months ended September 30 2025 2026 Cash flows from operating activities: Income before income taxes from continuing operations 798,362 1,100,645 Adjustments to reconcile income before income taxes from continuing operations to net cash provided by operating activities: Depreciation and amortization, including amortization of contract costs 556,579 539,555 Other operating (income) expense, net 14,044 (8,334) Gain on securities, net (38,907) (2,632) Share of loss of investments accounted for using the equity method, net of dividends 10,200 32,473 Changes in assets and liabilities: Increase in trade receivables and contract assets (212,064) (364,510) Increase in inventories (344,176) (240,858) Increase in content assets (295,046) (352,548) Increase in trade payables 328,241 259,872 Increase (decrease) in taxes payable other than income taxes, net (5,352) 16,544 Increase in other financial assets and other current assets (65,172) (43,421) Increase (decrease) in other financial liabilities and other current liabilities (44,184) 9,981 Income taxes paid (89,895) (251,954) Other (120,339) (39,453) Total net cash provided by operating activities from continuing operations 492,291 655,360 Net cash used in operating activities from discontinued operations (20,675) - Net cash provided by operating activities 471,616 655,360 Condensed Semi-annual Consolidated Statements of Cash Flows (Continued on the following page.) - 9 -
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Yen in millions Six months ended September 30 2025 2026 Cash flows from investing activities: Payments for property, plant and equipment and other intangible assets (219,879) (277,211) Proceeds from sales of property, plant and equipment and other intangible assets 2,516 8,478 Payments for investments and advances (110,943) (52,693) Proceeds from sales or return of investments and collections of advances 8,465 13,022 Payments for purchases of businesses and other (63,494) (314,117) Proceeds from sales of businesses 3,464 14,632 Other 2,181 61 Total net cash used in investing activities from continuing operations (377,690) (607,828) Net cash used in investing activities from discontinued operations (16,281) - Net cash used in investing activities (393,971) (607,828) Cash flows from financing activities: Increase (decrease) in short-term borrowings, net 3,132 (5,549) Proceeds from issuance of long-term debt 10,480 176,016 Payments of long-term debt (36,630) (50,831) Payments of lease liabilities (46,535) (52,163) Dividends paid (60,209) (73,783) Payments for purchases of treasury stock (219,365) (263,365) Capital contribution from non-controlling interests - 69,074 Other (24,991) (28,748) Total net cash used in financing activities from continuing operations (374,118) (229,349) Net cash used in financing activities from discontinued operations (9,253) - Net cash used in financing activities (383,371) (229,349) Effect of exchange rate changes on cash and cash equivalents (7,265) (17,728) Net decrease in cash and cash equivalents (312,991) (199,545) Cash and cash equivalents at beginning of the fiscal year 2,980,956 2,208,879 Cash and cash equivalents at end of the period 2,667,965 2,009,334 Cash and cash equivalents included in assets held for distribution to owners 1,170,068 - Cash and cash equivalents in the Condensed Semi-annual Consolidated Statements of Financial Position 1,497,897 2,009,334 Condensed Semi-annual Consolidated Statements of Cash Flows (Continued) - 10 -
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Yen in millions Three months ended September 30 2025 2026 Change Sales: Game & Network Services - Customers 1,070,432 1,188,055 117,623 Intersegment 42,739 20,405 (22,334) Total 1,113,171 1,208,460 95,289 Music - Customers 532,410 592,268 59,858 Intersegment 9,951 6,121 (3,830) Total 542,361 598,389 56,028 Pictures - Customers 343,296 509,598 166,302 Intersegment 2,737 4,093 1,356 Total 346,033 513,691 167,658 Entertainment, Technology & Services - Customers 550,727 556,946 6,219 Intersegment 25,010 10,874 (14,136) Total 575,737 567,820 (7,917) Imaging & Sensing Solutions - Customers 586,183 556,572 (29,611) Intersegment 28,459 21,077 (7,382) Total 614,642 577,649 (36,993) All Other - Customers 19,555 21,343 1,788 Intersegment 4,088 4,299 211 Total 23,643 25,642 1,999 Corporate and elimination (107,680) (62,205) 45,475 Consolidated total 3,107,907 3,429,446 321,539 Notes to Condensed Semi-annual Consolidated Financial Statements Business Segment Information (Business Segments) Segment sales Note: Game & Network Services (“G&NS”) intersegment amounts primarily consist of transactions with the Entertainment, Technology & Services (“ET&S”) segment. ET&S intersegment amounts primarily consist of transactions with the G&NS segment. Imaging & Sensing Solutions (“I&SS”) intersegment amounts primarily consist of transactions with the G&NS segment and the ET&S segment. Corporate and elimination includes certain brand and patent royalty income. - 11 -
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Yen in millions Three months ended September 30 2025 2026 Change Operating income (loss): Game & Network Services 120,354 220,060 99,706 Music 115,377 122,756 7,379 Pictures 13,850 92,554 78,704 Entertainment, Technology & Services 60,960 64,145 3,185 Imaging & Sensing Solutions 138,267 154,633 16,366 All Other (2,906) (21,893) (18,987) Total 445,902 632,255 186,353 Corporate and elimination (16,928) (9,926) 7,002 Consolidated operating income 428,974 622,329 193,355 Segment profit (loss) Operating income (loss) is sales less costs and expenses and includes the share of profit (loss) of investments accounted for using the equity method. - 12 -
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Yen in millions Six months ended September 30 2025 2026 Change Sales: Game & Network Services - Customers 1,983,242 2,103,901 120,659 Intersegment 66,462 41,682 (24,780) Total 2,049,704 2,145,583 95,879 Music - Customers 991,362 1,150,134 158,772 Intersegment 16,340 10,274 (6,066) Total 1,007,702 1,160,408 152,706 Pictures - Customers 669,502 821,806 152,304 Intersegment 3,635 6,948 3,313 Total 673,137 828,754 155,617 Entertainment, Technology & Services - Customers 1,069,404 1,091,367 21,963 Intersegment 40,591 20,303 (20,288) Total 1,109,995 1,111,670 1,675 Imaging & Sensing Solutions - Customers 971,647 1,049,417 77,770 Intersegment 51,185 40,970 (10,215) Total 1,022,832 1,090,387 67,555 All Other - Customers 35,794 41,221 5,427 Intersegment 7,179 6,533 (646) Total 42,973 47,754 4,781 Corporate and elimination (176,821) (117,339) 59,482 Consolidated total 5,729,522 6,267,217 537,695 Segment sales Note: G&NS intersegment amounts primarily consist of transactions with the ET&S segment. ET&S intersegment amounts primarily consist of transactions with the G&NS segment. I&SS intersegment amounts primarily consist of transactions with the G&NS segment and the ET&S segment. Corporate and elimination includes certain brand and patent royalty income. - 13 -
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Yen in millions Six months ended September 30 2025 2026 Change Operating income (loss): Game & Network Services 268,311 422,074 153,763 Music 208,184 228,638 20,454 Pictures 32,515 117,363 84,848 Entertainment, Technology & Services 104,103 106,746 2,643 Imaging & Sensing Solutions 192,518 276,836 84,318 All Other (7,874) (35,154) (27,280) Total 797,757 1,116,503 318,746 Corporate and elimination (28,828) (17,675) 11,153 Consolidated operating income 768,929 1,098,828 329,899 Segment profit (loss) Operating income (loss) is sales less costs and expenses and includes the share of profit (loss) of investments accounted for using the equity method. - 14 -
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Yen in millions Three months ended September 30 Sales: 2025 2026 Change Game & Network Services Digital Software and Add-on Content 568,129 643,900 75,771 Network Services 182,681 218,329 35,648 Hardware and Others 319,622 325,826 6,204 Total 1,070,432 1,188,055 117,623 Music Recorded Music - Streaming 208,577 242,163 33,586 Recorded Music - Others 112,137 141,060 28,923 Music Publishing 105,779 118,642 12,863 Visual Media and Platform 105,917 90,403 (15,514) Total 532,410 592,268 59,858 Pictures Motion Pictures 105,281 290,038 184,757 Television Productions 103,352 76,702 (26,650) Media Networks 134,663 142,858 8,195 Total 343,296 509,598 166,302 Entertainment, Technology & Services Imaging 171,828 169,272 (2,556) Sound 71,310 70,632 (678) Network Services 46,522 49,008 2,486 Displays 136,475 138,140 1,665 Other 124,592 129,894 5,302 Total 550,727 556,946 6,219 Imaging & Sensing Solutions 586,183 556,572 (29,611) All Other 19,555 21,343 1,788 Corporate 5,304 4,664 (640) Consolidated total 3,107,907 3,429,446 321,539 (Sales to Customers by Product Category) The following table is a breakdown of sales to external customers by product category for each segment. Sony management views each segment as a single operating segment. - 15 -
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Yen in millions Six months ended September 30 Sales: 2025 2026 Change Game & Network Services Digital Software and Add-on Content 1,060,276 1,129,117 68,841 Network Services 355,329 426,952 71,623 Hardware and Others 567,637 547,832 (19,805) Total 1,983,242 2,103,901 120,659 Music Recorded Music - Streaming 404,593 479,229 74,636 Recorded Music - Others 217,610 284,945 67,335 Music Publishing 204,464 234,644 30,180 Visual Media and Platform 164,695 151,316 (13,379) Total 991,362 1,150,134 158,772 Pictures Motion Pictures 212,414 392,756 180,342 Television Productions 224,979 167,618 (57,361) Media Networks 232,109 261,432 29,323 Total 669,502 821,806 152,304 Entertainment, Technology & Services Imaging 359,127 368,924 9,797 Sound 137,181 135,838 (1,343) Network Services 92,119 97,062 4,943 Displays 237,738 237,402 (336) Other 243,239 252,141 8,902 Total 1,069,404 1,091,367 21,963 Imaging & Sensing Solutions 971,647 1,049,417 77,770 All Other 35,794 41,221 5,427 Corporate 8,571 9,371 800 Consolidated total 5,729,522 6,267,217 537,695 In the G&NS segment, Digital Software and Add-on Content includes distribution of software titles and add-on content through the network; Network Services includes network services relating to game, video and music content; Hardware and Others includes home gaming consoles, packaged software, game software sold bundled with home gaming consoles, peripheral devices and first-party software for third-party platforms. In the Music segment, Recorded Music - Streaming includes the distribution of digital recorded music by streaming; Recorded Music - Others includes the distribution of recorded music by physical media and digital download as well as revenue derived from artists’ live performances and merchandising; Music Publishing includes the management and licensing of the words and music of songs; Visual Media and Platform includes the production and distribution of animation titles and game applications, and various service offerings for music and visual products. In the Pictures segment, Motion Pictures includes the worldwide production, acquisition and distribution of live-action and animated motion pictures; Television Productions includes the production, acquisition and distribution of television programming; Media Networks includes the operation of television networks and direct-to-consumer streaming services worldwide. In the ET&S segment, Imaging includes image and video content creation products and solutions, including interchangeable lens cameras and interchangeable lenses; Sound includes headphones and wireless speakers; Network Services includes internet-related services; Displays includes display products such as LCD and OLED televisions, as well as projectors; Other includes smartphones, home audio products and medical equipment, as well as sports officiating support and content production support services. - 16 -
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Going Concern Assumption Not Applicable Yen in millions Three months ended September 30 2025 2026 Net income attributable to Sony Group Corporation’s stockholders for basic and diluted EPS computation 361,968 449,603 Continuing operations 311,425 449,603 Discontinued operations 50,543 - Thousands of shares Three months ended September 30 2025 2026 Weighted-average shares outstanding for basic EPS computation 5,984,979 5,847,987 Effect of dilutive securities: Stock options 26,898 18,161 Restricted stock units 10,803 11,554 Weighted-average shares for diluted EPS computation 6,022,680 5,877,702 Yen in millions Six months ended September 30 2025 2026 Net income attributable to Sony Group Corporation’s stockholders for basic and diluted EPS computation 598,877 791,764 Continuing operations 570,452 791,764 Discontinued operations 28,425 - Thousands of shares Six months ended September 30 2025 2026 Weighted-average shares outstanding for basic EPS computation 5,999,085 5,869,913 Effect of dilutive securities: Stock options 26,036 17,314 Restricted stock units 10,667 8,078 Weighted-average shares for diluted EPS computation 6,035,788 5,895,305 Accounting Policy and Other Information (Changes in accounting policies) Sony newly adopted the following accounting standards from the fiscal year ending March 31, 2027: Amendments to IFRS 9 “Financial Instruments” and IFRS 7 “Financial Instruments: Disclosures” In May 2024, the International Accounting Standards Board (IASB) issued “Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7).” These amendments relate to clarifications on the classification of financial assets and the derecognition of financial liabilities, as well as disclosures for equity instruments designated at fair value through other comprehensive income, among other matters. Sony has applied these amended standards since April 1, 2026. The adoption of these standards does not have a material impact on Sony’s results of operations and financial position. (Net Income Attributable to Sony Group Corporation’s Stockholders per Share (“EPS”) and Weighted-average Number of Outstanding Shares Used for the Computation of EPS of Common Stock) - 17 -
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(Segmentation) The G&NS segment includes the production and sales of digital software and add-on content, the network services businesses and the manufacture and sales of home gaming products. The Music segment includes the Recorded Music, Music Publishing and Visual Media and Platform businesses. The Pictures segment includes the Motion Pictures, Television Productions and Media Networks businesses. The ET&S segment includes the Imaging business, the Sound business, the Network Services business and the Displays business. The I&SS segment includes the image sensors business. All Other consists of various operating activities, including the disc manufacturing and recording media businesses. Sony’s products and services are generally unique to a single operating segment. (Supplemental cash flow information) On July 15, 2026, a consolidated subsidiary of Sony in the Music segment completed the acquisition of 100% of the equity interests in a company that owns certain music assets and other assets. Sony consolidated the company and the acquisition was accounted for as an acquisition of a group of assets that does not constitute a business. The total cash consideration for the transaction was 256,381 million yen, of which 239,866 million yen, after deducting cash and cash equivalents held by the company, was reflected in cash flows from investing activities as “Payments for purchases of businesses and other.” As a result of the transaction, Sony recognized 542,652 million yen of content assets (music catalogs) and 308,721 million yen of long-term debt secured by those assets. In addition, as part of the transaction, Sony received a cash contribution from a third party and recognized 66,302 million yen of non-controlling interests. (Significant changes in the scope of consolidation and the scope of equity method application during the period) Upon the conclusion of the Annual General Meeting of Shareholders of Sony Financial Group Inc. (“SFGI”) held on June 25, 2026, after considering factors including the composition of the board of directors of SFGI, Sony Group Corporation concluded that it no longer had significant influence over SFGI. Accordingly, during the first quarter of the fiscal year ending March 31, 2027, SFGI was excluded from the scope of equity method application, and the common stock of SFGI (“SFGI share(s)”) was reclassified from an investment in an associate to an equity instrument measured at fair value through other comprehensive income. The gain or loss resulting from the exclusion of SFGI from the scope of equity method application is not material. - 18 -
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Yen in millions Six months ended September 30 2025 2026 Financial services revenue 678,023 - Financial services expenses 640,811 - Other income (expenses), net (237) - Income before income taxes from discontinued operations 36,975 - Income taxes 8,550 - Net income from discontinued operations 28,425 - Other comprehensive income, net of tax, from discontinued operations 30,969 - Items that will not be reclassified to profit or loss Changes in equity instruments measured at fair value through other comprehensive income 963 - Remeasurement of defined benefit pension plans (106) - Items that may be reclassified subsequently to profit or loss Changes in debt instruments measured at fair value through other comprehensive income (293,622) - Insurance finance income (expenses) 323,982 - Others (248) - Comprehensive income from discontinued operations 59,394 - (Discontinued operations) At a meeting of Sony Group Corporation’s Board of Directors held on May 14, 2025, Sony Group Corporation resolved the plan regarding the execution of a partial spin-off (the “Spin-off”) of SFGI. Consequently, Sony Group Corporation determined that the distribution of SFGI shares was highly probable and the Financial Services business was classified as a discontinued operation, in accordance with IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations,” during the first quarter of the fiscal year ended March 31, 2026. As a result, from the first quarter of the fiscal year ended March 31, 2026, in the condensed quarterly consolidated statements of income, condensed semi-annual consolidated statements of income, condensed quarterly consolidated statements of comprehensive income, condensed semi-annual consolidated statements of comprehensive income and condensed semi-annual consolidated statements of cash flows; revenue, expenses, other comprehensive income and cash flows of the Financial Services business, among other items, are separated from continuing operations, comprised of Sony’s businesses excluding the Financial Services business, and presented as net income from discontinued operations, other comprehensive income from discontinued operations, and net cash from discontinued operations, respectively. Subsequently, Sony Group Corporation executed the Spin-off effective October 1, 2025. Results of discontinued operations - 19 -
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Overview of Operating Results For the overview of operating results for the six months ended September 30, 2026, including the forecast for the fiscal year ending March 31, 2027, please refer to “Q2 FY2026 Consolidated Financial Results” (the presentation material for the earnings announcement) disclosed on the same date as this document on the Timely Disclosure Network (TDnet) of the TSE, the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system of the U.S. Securities and Exchange Commission and the website of Sony Group Corporation. (i) Sony’s ability to maintain product quality and customer satisfaction with its products and services; (ii) Sony’s ability to continue to design and develop and win acceptance of, as well as achieve sufficient cost reductions for, its products and services, including image sensors, game and network platforms, smartphones and televisions, which are offered in highly competitive markets characterized by severe price competition and continual new product and service introductions, rapid development in technology and subjective and changing customer preferences; (iii) Sony’s ability to implement successful hardware, software, and content integration strategies, and to develop and implement successful sales and distribution strategies in light of new technologies and distribution platforms; (iv) the effectiveness of Sony’s strategies and their execution, including but not limited to the success of Sony’s acquisitions, joint ventures, investments, capital expenditures, restructurings and other strategic initiatives; (v) changes in laws, regulations and government policies in the markets in which Sony and its third-party suppliers, service providers and business partners operate, including those related to taxation, as well as growing consumer focus on corporate social responsibility; (vi) Sony’s continued ability to identify the products, services and market trends with significant growth potential, to devote sufficient resources to research and development, to prioritize investments and capital expenditures correctly and to recoup its investments and capital expenditures, including those required for technology development and product capacity; (vii) Sony’s reliance on external business partners, including for the procurement of parts, components, software and network services for its products or services, the manufacturing, marketing and distribution of its products, and its other business operations; (viii) the global economic and political environment in which Sony operates and the economic and political conditions in Sony’s markets, particularly levels of consumer spending; (ix) Sony’s ability to meet operational and liquidity needs as a result of significant volatility and disruption in the global financial markets or a ratings downgrade; (x) Sony’s ability to forecast demands, manage timely procurement and control inventories; (xi) foreign exchange rates, particularly between the yen and the U.S. dollar, the euro and other currencies in which Sony makes significant sales and incurs production costs, or in which Sony’s assets, liabilities and operating results are denominated; (xii) Sony’s ability to recruit, retain and maintain productive relations with highly skilled personnel; (xiii) Sony’s ability to prevent unauthorized use or theft of intellectual property rights, to obtain or renew licenses relating to intellectual property rights and to defend itself against claims that its products or services infringe the intellectual property rights owned by others; (xiv) risks related to catastrophic disasters, geopolitical conflicts, pandemic disease or similar events; (xv) the ability of Sony, its third-party service providers or business partners to anticipate and manage cybersecurity risk, including the risk of unauthorized access to Sony’s business information and the personally identifiable information of its employees and customers, potential business disruptions or financial losses; and (xvi) the outcome of pending and/or future legal and/or regulatory proceedings. Cautionary Statement Statements made in this material with respect to Sony’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Sony. Forward-looking statements include, but are not limited to, those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. Sony cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore investors should not place undue reliance on them. Investors also should not rely on any obligation of Sony to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Sony disclaims any such obligation. Risks and uncertainties that might affect Sony include, but are not limited to: Risks and uncertainties also include the impact of any future events with material adverse impact. The continued impact of developments relating to the situations in Ukraine and Russia and in the Middle East, as well as the series of changes in U.S. tariff policy, could heighten many of the risks and uncertainties noted above. Important information regarding risks and uncertainties is also set forth in Sony’s most recent Form 20-F, which is on file with the U.S. Securities and Exchange Commission. - 20 -