Financial income and expense

12 Months Ended

Mar. 31, 2024

Text Block1 [Abstract]

Financial income and expense

24. Financial income and expense

Financial income

	Yen in millions
	Fiscal year ended March 31
	2022		2023		2024
Interest income
Financial assets measured at AC		6,996		22,399		37,580
Dividends
Financial assets measured at FVOCI		2,792		3,488		1,138
Gain on revaluation of equity instruments
Financial assets measured at FVPL*2		—		—		71,385
Other		9,516		5,171		15,494
Total		19,304		31,058		125,597

Financial expenses

	Yen in millions
	Fiscal year ended March 31
	2022		2023		2024
Interest expense
Financial liabilities measured at AC		6,377		16,016		28,163
Other		8,223		10,382		12,833
Foreign exchange loss, net*1		1,612		14,489		6,989
Loss on revaluation of equity instruments
Financial assets measured at FVPL*2		66,177		4,623		—
Other		21,751		13,441		17,781
Total		104,140		58,951		65,766

*1 Foreign exchange loss, net includes gains or losses from foreign exchange contracts.

*2 Shares of Spotify Technology S.A. (“Spotify”) held by Sony are classified as equity securities required to be measured at fair value through profit or loss. The revaluation of the Spotify shares, net of costs to be paid to Sony’s artists and distributed labels, owned as of March 31, 2022, 2023 and 2024 resulted in an unrealized loss of 45,017 million yen (395 million U.S. dollars), an unrealized loss of 7,787 million yen (58 million U.S. dollars), and an unrealized gain of 64,764 million yen (440 million U.S. dollars), respectively.