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Stockholders' equity
 12 Months Ended
Mar. 31, 2024
Text Block1 [Abstract]  
Stockholders' equity
20.
Stockholders’ equity
 
(1)
Common stock
The number of shares of common stock authorized as of March 31, 2022, 2023 and 2024 was 3,600,000,000.
The following table shows the changes in the number of shares of common stock issued and outstanding during the fiscal years ended March 31, 2022, 2023 and 2024. All of the shares of common stock of Sony Group Corporation are issued with no par value, and the issued stock was fully paid.
 
    
Number of shares
  
    
Fiscal year ended March 31
  
    
2022
     
2023
     
2024
  
Balance at beginning of the fiscal year
      1,261,058,781        1,261,081,781        1,261,081,781  
  
 
 
     
 
 
     
 
 
  
Issuance of new shares
      23,000        —        150,108  
  
 
 
     
 
 
     
 
 
  
Balance at end of the fiscal year
      1,261,081,781        1,261,081,781        1,261,231,889  
  
 
 
     
 
 
     
 
 
  
As of March 31, 2022, 2023 and 2024, the number of shares of treasury stock, which was included in the balance of common stock shares issued above, were 24,078,136 shares, 26,584,221 shares and 39,783,003 shares, respectively.
 
Sony Group Corporation may purchase its own shares at any time by a resolution of the Board of Directors up to the retained earnings available for dividends to shareholders, in accordance with the Companies Act of Japan.
Sony Group Corporation’s Board of Directors resolved and approved the setting of parameters for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation at the meeting of the Board of Directors held on April 28, 2021. Under the above resolution, Sony Group Corporation repurchased 7,400,600 shares of its common stock for an amount of 88,281 million yen during the fiscal year ended March 31, 2022, and repurchased 806,300 shares of its common stock for an amount of 9,100 million yen during the fiscal year ended March 31, 2023.
Sony Group Corporation’s Board of Directors resolved and approved the setting of parameters for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation at the meeting of the Board of Directors held on May 10, 2022. Under the above resolution, Sony Group Corporation repurchased 8,545,600 shares of its common stock for an amount of 89,118 million yen during the fiscal year ended March 31, 2023, and repurchased 798,000 shares of its common stock for an amount of 10,000 million yen during the fiscal year ended March 31, 2024.
Sony Group Corporation approved on May 17, 2023 by resolution of the Board of Directors the setting of parameters for the repurchase of shares of its own common stock pursuant to the Companies Act of Japan and Sony Group Corporation’s Articles of Incorporation. Under the above resolution, Sony Group Corporation repurchased 14,869,300 shares of its common stock for an amount of 192,532 million yen during the fiscal year ended March 31, 2024.
 
(2)
Additional
paid-in
capital
Additional
paid-in
capital consists of surplus that is derived from equity transactions and not recorded in common stock, and its primary component is capital reserves. The Companies Act of Japan provides that no less than 50% of the
paid-in
amount or proceeds of issuance of shares shall be incorporated in common stock, and that the remaining shall be incorporated in capital reserves. Capital reserves may be incorporated in common stock upon approval of the General Meeting of Shareholders.
 
(3)
Retained earnings
Retained earnings consist of legal reserves and accumulated earnings. The Companies Act of Japan provides that earnings in an amount equal to 10% of cash dividends from retained earnings shall be appropriated as a capital reserve or a legal reserve on the date of distribution of retained earnings until an aggregated amount of capital reserve and legal reserve equals 25% of common stock. Legal reserves may be used upon approval of the General Meeting of Shareholders.
Dividends whose record date falls in the fiscal years ended March 31, 2023 and 2024, and whose effective date falls in the subsequent period are as follows:
 
(Resolution)
  
Type of

shares
    
Total amount of

dividends

(Yen in millions)
    
Source of

dividends
    
Dividends

per share (Yen)
    
Record date
    
Effective
date
  
Board of Directors
April 28, 2023
     Common stock       49,380       Retained earnings       40.00       March 31, 2023       June 5, 2023  
Board of Directors
May 14, 2024
     Common stock       54,965       Retained earnings       45.00       March 31, 2024       June 10, 2024  
 
(4)
Other comprehensive income
Changes in accumulated other comprehensive income, net of tax, by component for the fiscal years ended March 31, 2022, 2023 and 2024 are as follows:
 
 
 
Yen in millions
 
 
 
Balance at

April 1, 2021
 
 
Other
comprehensive
income
attributable to
Sony Group
Corporation’s
stockholders
 
 
Transfer to
retained
earnings
 
 
Balance at

March 31, 2022
 
Changes in equity instruments measured at fair value through other comprehensive income
     139,622       (106,426 )      (5,784 )      27,412  
Changes in debt instruments measured at fair value through other comprehensive income
     1,264,737       (416,904 )      —       847,833  
Cash flow hedges
     1,299       4,735       —       6,034  
Remeasurement of defined benefit pension plans
     —       33,641       (33,641 )      —  
Exchange differences on translating foreign operations
     113,901       223,777       —       337,678  
Insurance finance income
 
(expenses)
     (88 )      599       —       511  
Share of other comprehensive income of investments accounted for using the equity method
     786       2,078       —       2,864  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total
     1,520,257       (258,500 )      (39,425 )      1,222,332  
 
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
Yen in millions
 
 
 
Balance at

April 1,
2022
 
 
Cumulative
effects of the
application
of new
accounting
standards
 
 
Restated
balance at

April 1,
2022
 
 
Restated other
comprehensive
income
attributable to
Sony Group
Corporation’s
stockholders
 
 
Transfer
to
retained
earnings
 
 
Restated
balance at

March 31,
2023
 
Changes in equity instruments measured at fair value through other comprehensive income
     27,412       —       27,412       (36,862 )      298       (9,152 ) 
Changes in debt instruments measured at fair value through other comprehensive income
     847,833       11,204       859,037       (819,192 )      —       39,845  
Cash flow hedges
     6,034       —       6,034       12,379       —       18,413  
Remeasurement of defined benefit pension plans
     —       —       —       18,891       (18,891 )      —  
Exchange differences on translating foreign operations
     337,678       —       337,678       175,525       —       513,203  
Insurance finance income (expenses)
     511       (1,911,861 )      (1,911,350 )      727,716       —       (1,183,634 ) 
Share of other comprehensive income of investments accounted for using the equity method
     2,864       —       2,864       3,699       —       6,563  
Other
     —       336       336       (144 )      —       192  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
     1,222,332       (1,900,321 )      (677,989 )      82,012       (18,593 )      (614,570 ) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
Yen in millions
 
 
 
Balance at

April 1, 2023
 
 
Other
comprehensive
income
attributable to
Sony Group
Corporation’s
stockholders
 
 
Transfer to
retained
earnings
 
 
Balance at

March 31, 2024
 
Changes in equity instruments measured at fair value through other comprehensive
income
     (9,152 )      (53,814 )      (12,326 )      (75,292 ) 
Changes in debt instruments measured at fair value through other comprehensive
income
     39,845       (704,636 )      —       (664,791 ) 
Cash flow hedges
     18,413       1,352       —       19,765  
Remeasurement of defined benefit pension plans
     —       25,875       (25,875 )      —  
Exchange differences on translating foreign operations
     513,203       439,490       —       952,693  
Insurance finance income (expenses)
     (1,183,634 )      563,396       —       (620,238 ) 
Share of other comprehensive income of investments accounted for using the equity
method
     6,563       5,348       (20 )      11,891  
Other
     192       (283 )      —       (91 ) 
 
 
 
    
 
 
    
 
 
    
 
 
  
Total
     (614,570 )      276,728       (38,221 )      (376,063 ) 
 
 
 
    
 
 
    
 
 
    
 
 
  
Each component of other comprehensive income and the related tax effect including noncontrolling interests for the fiscal years ended March 31, 2022, 2023 and 2024 are as follows:
 
 
  
Yen in millions
 
 
  
Fiscal year ended March 31
 
Comprehensive income components
  
  2022  
 
 
  2023  

Restated
 
 
  2024  
 
Items that will not be reclassified to profit or loss
       
Changes in equity instruments measured at fair value through other comprehensive income
       
Amount incurred during the year
      (139,511 )      (45,708 )      (70,838 ) 
  
 
 
    
 
 
    
 
 
  
Total before tax
      (139,511 )      (45,708 )      (70,838 ) 
Tax expense or (benefit)
      33,085       8,846       17,024  
  
 
 
    
 
 
    
 
 
  
Net of tax
      (106,426 )      (36,862 )      (53,814 ) 
Remeasurement of defined benefit pension plans
       
Amount incurred during the year
      43,134       27,136       37,225  
  
 
 
    
 
 
    
 
 
  
Total before tax
      43,134       27,136       37,225  
Tax expense or (benefit)
      (9,493 )      (8,245 )      (11,350 )
  
 
 
    
 
 
    
 
 
  
Net of tax
      33,641       18,891       25,875  
Share of other comprehensive income of investments accounted for using the equity method
       
Amount incurred during the year
      869       197       704  
  
 
 
    
 
 
    
 
 
  
Total before tax
      869       197       704  
Tax expense or (benefit)
      (292 )      (52 )      (91 ) 
  
 
 
    
 
 
    
 
 
  
Net of tax
      577       145       613  
  
 
 
    
 
 
    
 
 
  
Total
      (72,208 )      (17,826 )      (27,326 ) 
 
 
  
Yen in millions
 
 
  
Fiscal year ended March 31
 
Comprehensive income components
  
  2022  
 
 
  2023  

Restated
 
 
  2024  
 
Items that may be reclassified subsequently to profit or loss
  
 
 
Changes in debt instruments measured at fair value through other comprehensive income
  
 
 
Amount incurred during the year
  
 
(572,692
) 
 
 
(1,132,497
) 
 
 
(973,877
) 
Reclassification to profit or loss
  
 
(6,408
) 
 
 
(5,300
) 
 
 
(4,713
) 
  
 
 
 
 
 
 
 
 
 
 
 
Total before tax
  
 
(579,100
) 
 
 
(1,137,797
) 
 
 
(978,590
) 
Tax expense or (benefit)
  
 
162,196
 
 
 
318,605
 
 
 
273,954
 
  
 
 
 
 
 
 
 
 
 
 
 
Net of tax
  
 
(416,904
) 
 
 
(819,192
) 
 
 
(704,636
) 
Cash flow hedges
  
 
 
Amount incurred during the year
  
 
(7,703
) 
 
 
(12,975
) 
 
 
(15,032
) 
Reclassification to profit or loss
  
 
14,529
 
 
 
30,813
 
 
 
16,982
 
  
 
 
 
 
 
 
 
 
 
 
 
Total before tax
  
 
6,826
 
 
 
17,838
 
 
 
1,950
 
Tax expense or (benefit)
  
 
(2,091
) 
 
 
(5,459
) 
 
 
(598
) 
  
 
 
 
 
 
 
 
 
 
 
 
Net of tax
  
 
4,735
 
 
 
12,379
 
 
 
1,352
 
Insurance finance income (expenses)
  
 
 
Amount incurred during the year
  
 
807
 
 
 
1,010,717
 
 
 
782,495
 
Reclassification to profit or loss
  
 
(10
) 
 
 
—
 
 
 
—
 
  
 
 
 
 
 
 
 
 
 
 
 
Total before tax
  
 
797
 
 
 
1,010,717
 
 
 
782,495
 
Tax expense or (benefit)
  
 
(198
) 
 
 
(283,001
) 
 
 
(219,099
) 
  
 
 
 
 
 
 
 
 
 
 
 
Net of tax
  
 
599
 
 
 
727,716
 
 
 
563,396
 
Exchange differences on translating foreign operations
  
 
 
Amount incurred during the year
  
 
227,017
 
 
 
177,645
 
 
 
441,943
 
Reclassification to profit or loss
  
 
(742
) 
 
 
630
 
 
 
463
 
  
 
 
 
 
 
 
 
 
 
 
 
Total before tax
  
 
226,275
 
 
 
178,275
 
 
 
442,406
 
Tax expense or (benefit)
  
 
—
 
 
 
—
 
 
 
—
 
  
 
 
 
 
 
 
 
 
 
 
 
Net of tax
  
 
226,275
 
 
 
178,275
 
 
 
442,406
 
Share of other comprehensive income of investments accounted for using the equity method
  
 
 
Amount incurred during the year
  
 
1,501
 
 
 
3,554
 
 
 
4,735
 
Reclassification to profit or loss
  
 
—
 
 
 
—
 
 
 
—
 
  
 
 
 
 
 
 
 
 
 
 
 
Total before tax
  
 
1,501
 
 
 
3,554
 
 
 
4,735
 
Tax expense or (benefit)
  
 
—
 
 
 
—
 
 
 
—
 
  
 
 
 
 
 
 
 
 
 
 
 
Net of tax
  
 
1,501
 
 
 
3,554
 
 
 
4,735
 
Other
  
 
 
Amount incurred during the year
  
 
—
 
 
 
(200
) 
 
 
(393
) 
Reclassification to profit or loss
  
 
—
 
 
 
—
 
 
 
—
 
  
 
 
 
 
 
 
 
 
 
 
 
Total before tax
  
 
—
 
 
 
(200
) 
 
 
(393
) 
Tax expense or (benefit)
  
 
—
 
 
 
56
 
 
 
110
 
  
 
 
 
 
 
 
 
 
 
 
 
Net of tax
  
 
—
 
 
 
(144
) 
 
 
(283
) 
  
 
 
 
 
 
 
 
 
 
 
 
Total
  
 
(183,794
) 
 
 
102,588
 
 
 
306,970
 
  
 
 
 
 
 
 
 
 
 
 
 
Total other comprehensive income
  
 
(256,002
) 
 
 
84,762
 
 
 
279,644