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Sony Stocks Hit New Record High in Japan Following Corporate Restructuring Announcement
- Thread starter Lunatic_Gamer
- Start date
- News Business
IllegalLemon
Member
Don't just demote Hulst's position, throw him out entirely. This was long overdue, how long until Hulst is completely booted out and someone more adept is sent in to replace him? His leadership has been questionable at best and abysmal at worst and so was his over reliance on live service games, which has seemingly blown up in his face.
Sony Group has been rising on the Tokyo Stock Exchange for three consecutive days. On January 29, it began trading on a continuous upward trend, rising by 5% to 3,512 yen (+155 yen), updating its highest price since listing.
Sony stocks hit new record high in Japan following corporate restructuring announcement - AUTOMATON WEST
On January 29, Sony, updated its highest price since listing. Earlier in the day, the company announced changes to its management structure.automaton-media.com
Cakeboxer
Gold Member
I wouldn't be too sure about it. The people i know almost only use it on the tv and Nintendo said once it's about 50:50. The portable only Lite also didn't sell too well. The more powerful Switch 2 with much more 3rd party games will probably get much closer to the Xbox/PS userbase than Switch 1.
But we can only guess here, we know more end of 2026 or 2027.
Killjoy-NL
Member
That's why it's a hybrid.
Like I said, we have data from previous gens. Nintendo consoles never did particularly well ever since Playstation entered the game.
It's only Wii and Switch that ever sold more than 100M.
Wii, we all know, was a surprise fad and WiiU was a massive flop because that casual audience already moved on.
And Switch is a success as they created a hybrid with handheld.
This isn't exactly something new that I'm bringing up.
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Cakeboxer
Gold Member
Quote me after this gen again and we'll talk. I'll stick to my 110-115.
Killjoy-NL
Member
MrJangles
Member
Sony made $700m from pc ports in its last fiscal year.
I'm sure their shareholders would greatly welcome Sony announcing an end to that.
ChorizoPicozo
Member
If they had reported the cancellation of intergalactic, Sony would have become a triple trillion dollar company overnight.
ChorizoPicozo
Member
after Fairgames?
Sentenza
Member
No, it didn't.
Badlucktroll
Member
STONK GO UP
Hulst is CEO from last year. GAAS strategy is from Jim Ryan.
Felessan
Member
In a world where HD2, Marvel, 1st descendant, ZZZ launched this year successfuly
Streamlining of management is a good things and their ability to made money is as strong as ever
Bungie, HD2 and MLB (also gamepass money) also in this number
SlimySnake
Flashless at the Golden Globes
He was demoted back to being sony wws boss.
FewRope
Member
How? The PS5 user barely buys any game
Giallo Corsa
Member
You got your consoles confused man
FewRope
Member
In any console except the Switch (I guess) the average user just play their F2P game of choice. Thats the real problem the industry needs to face
yurinka
Member
Hulst continues being CEO of the SIE half in charge of the 1st party games.
Expanding their first party market outside PS (mostly PC) and GaaS it's being a success, in addition to increase the revenue they make from first party is also improving most of their console numbers to all time historic record. In this other post you have a more complete and updated picture of their first party revenue inside and outside PS.
So yes, investors should be happy with SIE finantials and with the SIE senior vice president of finances being promoted to Sony group CFO replacing the previous Sony Group CFO and SIE chairman, who now will be Sony Group CEO. Understandable because this generation SIE achieved record revenue, profits and active userbase compared to the previous generations.
No, that would be retarded. They make hundreds of millions of dollars each year on PC -and growing very fast- and ports only cost them a couple million each. PC is a super profitable extra for them itself, and on top of this is helping them improve their console business.
And well, the 3 most recent record breaking 1st party games, released in 2024, 2023 and 2022, were sequels of games previously ported to PC.
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kazuyamishima
Member
True if you only read the Famitsu weekly sales threads, luckily, we are not in the “Globally in Japan” phase yet.
Hudo
Gold Member
Eh. I'll take that as well.
Radical_3d
Member
Half of that are Helldivers spreading democracy. The other half probably Guardians ending a 10 year journey of feels. Bringing single player first party games does nothing but put Sony on track with XBox and earn nothing as counterpart.
yurinka
Member
Sony stock in Japan (the 2000 peak was due to .com bubble):
Sony stock in US (the other peaks are the .com bubble and covid peak):
Ignoring the 'going back to normality' after covid peak, it has been growing since 2012.
In any case they're making a lot of money with 1st party games now counting everything, GaaS+non-GaaS and PS+other platforms.
Sony stock in US (the other peaks are the .com bubble and covid peak):
Ignoring the 'going back to normality' after covid peak, it has been growing since 2012.
Well, in addition to their new big GaaS hit Helldivers 2 and Destiny 2, which has been a top 10 top grossing game of the year on Steam since it was released there, they were already growing a lot and making a lot of money and profit before having both.
In any case they're making a lot of money with 1st party games now counting everything, GaaS+non-GaaS and PS+other platforms.
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yurinka
Member
No, Hermen continues as CEO of SIE Studio Business Group, so he continues in charge of their 1st party games (PS Studios + Bungie) and PS Productions (movie+tv adaptations). Nishino continues as CEO of SIE Platform Business Group (3rd party relations, hardware, accesories, game sub, OS, marketing). So both will continue basically doing the same.
The difference is that before, in addition to this Hulst and Nishino were also co-CEO of SIE and Totoki was SIE chairman, while now there will be only Nishino as single SIE CEO. Totoki no longer is SIE chairman and Hulst no longer is SIE co-CEO. Now Nishino is the SIE CEO with no chairman (but Totoki is now CEO of Sony Group, and the SIE SVP of Finances has been promoted to CFO of Sony Group):
https://www.prnewswire.com/news-rel...sony-interactive-entertainment-302362728.html
Even if publicly announced by Ryan, GaaS strategy and expansion to PC strategy predate both Ryan and Hulst, obviously stuff was under development years before announced.
They started in April 2019 (Ryan) and November 2019 (Hulst). They, or at least Hulst, weren't there when Sony started to work in Helldivers 2 (2016), Concord (2018), Horizon Online (2018), Horizon Online (2018), Gran Turismo 7 (somewhere before June 2019), and others.
Then there are others that could be on both sides of the line: TLOU Online was announced to be branched out from MP mode to standalone game in 2019, and the London Studio IP isn't known when started but could be 2018 or 2019. MLB The Show 21 was the first GaaS entry of the series, pretty likely their GaaS side started to be developed since 2019 or before.
The Bungie acquisition started later, during the Ryan+Hulst era, but Sony was the Destiny 1 and Destiny 2 publisher in Japan since both games released, and had their marketing deal for consoles.
Shawn Layden also publicly mentioned that Sony's expansion in PC initiative started during his era (when Ryan and Hulst still weren't in charge).
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NeverYouMind
Member
Who the fuck asked for Sackboy or most of that other shit? Everyone on PC has been asking for Bloodborne.The extra profits:
Weak sales don’t make up for the brand and platform damage.
yurinka
Member
Considering each late PC port did only cost them around a couple millions, even Sackboy PC was profitable looking at these 3 first months of Sackboy PC sales.
62,900 units x $59.99 price = $3,773,371 gross revenue
$3,773,371 gross revenue x 0.7 (publisher cut when the game generated under $10M) = $2,641,360 revenue for Sony
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Moriarty1889
Member
Japan doesn’t like woke DEI shite in games and will most likely eliminate it going forward. That is a good thing as all it did was ruin many games and franchises. The people who peddle that shite need to be removed as well and the focus on good games needs to be restored. Western gaming became infected and needs to be cleansed properly. This, for Sony, is a step in the right direction.
RetroGamingUK
Member
Sony stock in Japan (the 2000 peak was due to .com bubble):
Sony stock in US (the other peaks are the .com bubble and covid peak):
Ignoring the 'going back to normality' after covid peak, it has been growing since 2012.
Well, in addition to their new big GaaS hit Helldivers 2 and Destiny 2, which has been a top 10 top grossing game of the year on Steam since it was released there, they were already growing a lot and making a lot of money and profit before having both.
In any case they're making a lot of money with 1st party games now counting everything, GaaS+non-GaaS and PS+other platforms.
If that’s adjusted for inflation then wow Sony Corp really is back.
Spiral1407
Member
This is what happens when you clean up that Hulst live-service stench. Now imagine the growth if he was truly gone...
mayham2199
Member
They are cooking the books. Japanese secret service is fixing to kick door on Sony HQ and take the company down.
Loomy
Thinks Microaggressions are Real
Sony was just in the news for announcing and beginning to execute on a planned, no fuss, uneventful CEO transition.
The guy who is taking over as CEO is the current CFO who has done very well for Sony, and who the outgoing CEO has called a key partner and leader in helping Sony become a money printing machine over the last few years. That is what the market is referring to. Continuity that assures the good times keep on rolling. The market doesn't care who Hulst is or what he's doing today.
Also, before the "anti woke" or "anti DEI" crowd get too excited, familiarize yourself with the new CEO and his priorities/values are. Here's a statement from him:
This is from a press release around the Corporate Strategy Meeting last year, Where Totoki(new CEO) talked about Sony's long term vision:
Look, Hulst may resign or be fired at some point. Who knows what he's thinking right now. We certainly don't. The reality is Sony is not changing drastically in the way a lot of you seem to want it to.
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sloppyjoe_gamer
Gold Member
Great news so there is hope all the Horizon trash will stop before we get Just Dance Aloy Edition 2026 as a PS5 exclusive
Ironman_Bad
Member
Must consider potentially lost console sales from pc gamers on fence on buying a ps5 for GOW, Horizon etc into that from graph earlier looks like they sold around 10 million total on steam in last 4 years let's say that's 3 million potential console sales lost that's potentially 1.2- 1.5 billlion in lost console revenue also consider pc gamers likely have nice controllers,keyboard mouse so you're also losing highly profitable peripheral sales
In Japan diversity is different from the west. What he means is about equal opportunity for everyone, about career, training, and promotion and innovation and discovering new approach for efficiency and productivity ( like toyota production system and 6 sigma if you are familiar with that ) , which is actually the true meaning of diversity before it was corrupted and change by west. This is not the western woke dei were woke agenda of twisted gender ideology and transgenderism is being doctrinated, force and push to your throat and your career and promotion is not base on merit and talent, but on following woke agendas.
yurinka
Member
Sony stocks price is over 1000% than a dozen years ago. The inflation hasn't been like that at all, lol.
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Loomy
Thinks Microaggressions are Real
I will start this by saying I'm not responding to argue/troll/dismiss/etc. I'm just seeing a lot of assumptions that and not sure what the basis for them is, but they're not entirely aligned with what I know the reality to be.
Summary is: Sony is highly unlikely to change in this regard unless Hiroki Totoki has been lying to himself and his peers for the last 10 years(He hasn't)
So, respectfully, here goes:
In case you don't want to read the whole thing(it mirrors most corporate versions of this, so you may have seen similar ones at your work), these are some of the events they held in their Japan offices specifically. They have separate events for different regions
You can also read Sony's official statement on DEI here. They are very explicit on what it means to them.
Again, respectfully,
Loomy....please don't report me
Summary is: Sony is highly unlikely to change in this regard unless Hiroki Totoki has been lying to himself and his peers for the last 10 years(He hasn't)
So, respectfully, here goes:
Sony spells out what it means to them in a big way every single year. Diversity Month every year for the last 10 years now (2024 theme being "Dimensions of Diversity: The Power of Belonging"). These events are kicked off by message from Yoshida and Totoki every year.
In case you don't want to read the whole thing(it mirrors most corporate versions of this, so you may have seen similar ones at your work), these are some of the events they held in their Japan offices specifically. They have separate events for different regions
You can also read Sony's official statement on DEI here. They are very explicit on what it means to them.
Again, respectfully,
Loomy....please don't report me
StreetsofBeige
Gold Member
Congrats. The Japanese listing finally past 2000 dot come prices. Too bad the US listing is still -30% since then.
Check out Sony Group Corp's stock price (6758.T-JP) in real time
Get Sony Group Corp (6758.T-JP:Tokyo Stock Exchange) real-time stock quotes, news, price and financial information from CNBC.
www.cnbc.com
JTCx
Member
Post in thread 'PS5 is already PlayStation's most successful Console by $ in the US & 3rd most successful Console overall' https://www.neogaf.com/threads/ps5-...essful-console-overall.1679949/post-270046031
But don't you see the evidence that is the NeoGAF poll?!?
Well I hope there will be changes especially common sense is back and political climate has change especially in Sony's biggest market the USA. And big companies even Boeing are now removing DEI initiative.