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Sony is expected to pay its Japanese employees record bonuses, ahead of the expected announcement of its highest ever net profits for the year ending this month.
According to NHK, the company will pay the equivalent of seven months’ salary, which is more than the 6.9 months requested by its union.
NHK notes that it is unusual for management to set more than a union demand, and this is the first time in two decades that Sony has shown such generosity.
Seasonal bonuses are generally paid twice a year to Japanese employees, with amounts fluctuating each year, and are effectively considered part of a worker’s salary.
Sony is expected to report a record net profit of around $ 10 billion for the year ending this month, boosted by a surge in demand for entertainment with people staying at home during the pandemic.
Sony’s gaming business is on track for its best year, according to its latest financial results released in February, when it announced that it had shipped 4.5 million PS5 consoles between the system’s launch in November. and December 31, 2020.
Sony has revised its full-year forecast for the Games and Network Services division to $ 25 billion in revenue and 340 billion yen ($ 3.2 billion) in operating profit, which would represent a record year for the division.
Sony’s music segment, which includes its popular anime business, also posted strong numbers for the year, which were boosted by its last quarter, when recorded music revenue increased by 17.5 % year over year.
Sony said last October that its initial PS5 sales target was to exceed PS4 launch sales made in the second half of the company’s 2013 fiscal year, when the console shipped 7.5 million. units.
“We are currently on track to meet our fiscal year sales target of over 7.6 million units, but we have not been able to fully meet the high level of customer demand. The company said on Wednesday.
“We continue to do everything in our power to ship as many units as possible to customers who are expecting a PS5.”
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