Sony Group Corporation (SONY) Cash Flow Statement
Where SONY’s cash came from and went, FY2026
March 31, 2026 · Japanese yen- Cash from operations
- ¥1.95T −16.2% vs FY2025
- Capital expenditures
- ¥457.68B 3.7% of revenue
- Free cash flow
- ¥1.49T 11.9% margin
- Returned to shareholders
- ¥657.12B 44% of free cash flow
- Change in cash
- −¥772.08B cash at year-end ¥2.21T
Cash from operations
¥1.95T
Capital expenditures
−¥457.68B
Investments (net)
−¥166.62B
Acquisitions & other
−¥1.33T
Dividends
−¥135.03B
Share buybacks (net)
−¥522.09B
Net borrowing (repayment)
−¥189.58B
Other financing
−¥14.50B
Currency & other
+¥95.61B
Change in cash
−¥772.08B
Drawn to scale: where the cash came from and how it was used. Hover for values.
SONY operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
SONY cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ¥809.26BFY2017 | ¥1.95TFY2026 | +10.2%/yr | |
| Capital expenditures | ¥333.51BFY2017 | ¥457.68BFY2026 | +3.6%/yr | |
| Free cash flow | ¥475.75BFY2017 | ¥1.49TFY2026 | +13.5%/yr | |
| Free cash flow margin | 6.2%FY2017 | 11.9%FY2026 | +5.7 pts | |
| Operating cash flow / net income | 11.04FY2017 | 1.89FY2026 | −9.15 | |
| Stock-based compensation | ¥2.74BFY2017 | ¥21.66BFY2024 | +34.4%/yr | |
| Dividends paid | ¥25.30BFY2017 | ¥135.03BFY2026 | +20.5%/yr | |
| Share buybacks (net) | ¥114.0MFY2017 | ¥522.09BFY2026 | +155.1%/yr | |
| Capex / revenue | 4.4%FY2017 | 3.7%FY2026 | −0.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SONY cash flow by activity
OperatingInvestingFinancingChange in cash
SONY net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SONY cash flow statement in Japanese yen
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | ¥1.03T | ¥1.14T | ¥970.57B | ¥1.18T | ¥1.12T | ¥1.19T | ¥622.26B | ¥916.27B | ¥490.79B | ¥73.29B |
| Depreciation & amortization | ¥1.18T | ¥1.15T | ¥1.14T | ¥1.00T | ¥835.23B | ¥663.74B | ¥746.45B | ¥722.52B | ¥720.72B | ¥624.55B |
| Stock-based compensation | — | — | ¥21.66B | −¥4.18B | ¥11.11B | −¥773.24B | ¥117.10B | ¥5.50B | ¥5.25B | ¥2.74B |
| Change in working capital | −¥510.06B | ¥884.18B | −¥562.91B | −¥2.17T | −¥1.19T | ¥523.92B | −¥157.19B | ¥37.62B | ¥91.14B | ¥437.0M |
| Other non-cash items | ¥244.13B | −¥857.09B | −¥201.09B | ¥301.08B | ¥461.05B | −¥255.64B | ¥21.13B | −¥423.17B | −¥52.93B | ¥108.25B |
| Cash from operating activities | ¥1.95T | ¥2.32T | ¥1.37T | ¥314.69B | ¥1.23T | ¥1.35T | ¥1.35T | ¥1.26T | ¥1.25T | ¥809.26B |
| Investing activities | ||||||||||
| Capital expenditures | −¥457.68B | −¥647.53B | −¥623.95B | −¥613.63B | −¥441.10B | −¥512.24B | −¥439.76B | −¥312.64B | −¥262.99B | −¥333.51B |
| Investments (net) | −¥166.62B | −¥930.12B | −¥818.89B | −¥1.05T | −¥728.78B | −¥1.26T | −¥1.35T | −¥1.31T | −¥822.20B | −¥1.25T |
| Acquisitions & other investing | −¥1.33T | ¥647.53B | ¥623.95B | ¥613.63B | ¥441.10B | −¥4.51B | ¥439.76B | ¥312.64B | ¥262.99B | ¥333.51B |
| Cash from investing activities | −¥1.95T | −¥930.12B | −¥818.89B | −¥1.05T | −¥728.78B | −¥1.78T | −¥1.35T | −¥1.31T | −¥822.20B | −¥1.25T |
| Financing activities | ||||||||||
| Dividends paid | −¥135.03B | −¥115.25B | −¥98.62B | −¥86.57B | −¥74.34B | −¥61.29B | −¥49.57B | −¥38.07B | −¥28.49B | −¥25.30B |
| Share repurchases & issuance (net) | −¥522.09B | −¥285.55B | −¥202.97B | −¥99.25B | −¥88.62B | −¥366.0M | −¥200.21B | −¥100.18B | −¥198.0M | −¥114.0M |
| Net borrowing (repayment) | −¥189.58B | −¥70.37B | ¥78.66B | ¥261.97B | −¥162.70B | ¥664.26B | ¥113.72B | −¥164.34B | ¥115.68B | ¥311.22B |
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Other financing | −¥14.50B | ¥172.93B | ¥12.23B | ¥8.15B | −¥10.92B | ¥64.36B | ¥201.72B | ¥179.70B | ¥159.47B | ¥166.49B |
| Cash from financing activities | −¥861.20B | −¥298.24B | −¥210.71B | ¥84.30B | −¥336.58B | ¥666.97B | ¥65.66B | −¥122.88B | ¥246.46B | ¥452.30B |
| Summary | ||||||||||
| Net change in cash | −¥772.08B | ¥1.07T | ¥426.21B | −¥568.74B | ¥262.65B | ¥271.69B | ¥38.54B | −¥119.13B | ¥626.19B | −¥23.47B |
| Cash at end of period | ¥2.21T | ¥2.98T | ¥1.91T | ¥1.48T | ¥2.05T | ¥1.79T | ¥1.51T | ¥1.47T | ¥1.59T | ¥960.14B |
| Free cash flow | ¥1.49T | ¥1.67T | ¥749.27B | −¥298.94B | ¥792.55B | ¥837.91B | ¥909.98B | ¥946.09B | ¥991.98B | ¥475.75B |
| Free cash flow margin | 11.9% | 13.9% | 5.8% | −2.7% | 8.0% | 9.3% | 11.0% | 10.9% | 11.6% | 6.2% |
| Capex / revenue | 3.7% | 5.4% | 4.8% | 5.6% | 4.4% | 5.7% | 5.3% | 3.6% | 3.1% | 4.4% |
| Operating cash flow / net income | 1.89 | 2.03 | 1.41 | 0.27 | 1.10 | 1.13 | 2.17 | 1.37 | 2.56 | 11.04 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | ¥342.16B | ¥83.12B | ¥377.32B | ¥441.76B | ¥356.60B | ¥197.73B | ¥494.05B | ¥450.25B | ¥231.64B | ¥189.00B | ¥363.92B | ¥257.60B |
| Depreciation & amortization | ¥250.80B | ¥346.14B | ¥277.93B | ¥282.18B | ¥274.40B | ¥305.14B | ¥291.83B | ¥273.89B | ¥261.67B | ¥292.95B | ¥281.56B | ¥318.70B |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | ¥21.66B | ¥21.66B | — |
| Change in working capital | −¥366.88B | ¥13.19B | ¥169.67B | −¥294.51B | −¥343.24B | ¥1.37T | ¥416.26B | −¥58.71B | −¥671.40B | ¥766.0M | ¥236.00B | −¥387.77B |
| Other non-cash items | ¥14.37B | ¥106.09B | ¥35.36B | −¥35.14B | −¥210.43B | −¥1.18T | −¥194.44B | ¥77.15B | ¥51.80B | −¥63.12B | −¥86.21B | −¥60.82B |
| Cash from operating activities | ¥240.45B | ¥548.54B | ¥860.28B | ¥394.29B | ¥77.33B | ¥697.67B | ¥1.01T | ¥742.57B | −¥126.28B | ¥441.25B | ¥816.93B | ¥127.70B |
| Investing activities | ||||||||||||
| Capital expenditures | −¥137.87B | −¥162.52B | −¥75.28B | −¥99.78B | −¥120.09B | −¥111.21B | −¥130.75B | −¥193.79B | −¥204.17B | −¥173.93B | −¥143.94B | −¥175.57B |
| Investments (net) | −¥44.92B | −¥28.43B | −¥35.71B | −¥220.65B | −¥173.32B | −¥151.95B | −¥133.24B | −¥285.81B | −¥359.12B | −¥198.93B | −¥284.88B | −¥136.42B |
| Acquisitions & other investing | ¥6.01B | −¥81.12B | −¥1.18T | ¥99.78B | ¥120.09B | ¥111.21B | ¥130.75B | ¥193.79B | ¥204.17B | ¥173.93B | ¥143.94B | ¥175.57B |
| Cash from investing activities | −¥176.78B | −¥272.08B | −¥1.29T | −¥220.65B | −¥173.32B | −¥151.95B | −¥133.24B | −¥285.81B | −¥359.12B | −¥198.93B | −¥284.88B | −¥136.42B |
| Financing activities | ||||||||||||
| Dividends paid | −¥73.43B | −¥385.0M | −¥74.43B | −¥339.0M | −¥59.87B | −¥226.0M | −¥60.10B | −¥480.0M | −¥54.45B | −¥196.0M | −¥49.09B | −¥378.0M |
| Share repurchases & issuance (net) | −¥127.48B | −¥219.66B | −¥83.06B | −¥126.03B | −¥93.34B | −¥27.94B | −¥55.50B | −¥150.85B | −¥51.26B | −¥128.27B | −¥36.04B | −¥28.51B |
| Net borrowing (repayment) | ¥130.88B | −¥20.99B | −¥99.04B | −¥50.23B | −¥19.32B | ¥31.80B | −¥97.72B | −¥8.23B | — | — | — | ¥115.55B |
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Other financing | −¥16.61B | ¥7.47B | ¥12.27B | ¥5.84B | −¥40.09B | ¥7.70B | ¥30.71B | ¥31.06B | ¥107.24B | −¥284.44B | −¥14.49B | ¥1.29B |
| Cash from financing activities | −¥86.63B | −¥233.56B | −¥244.27B | −¥170.75B | −¥212.62B | ¥11.34B | −¥182.61B | −¥128.51B | ¥1.53B | −¥412.90B | −¥99.63B | ¥87.95B |
| Summary | ||||||||||||
| Net change in cash | −¥38.86B | ¥122.38B | ¥588.60B | ¥41.47B | −¥354.46B | ¥489.01B | ¥763.24B | ¥251.61B | −¥430.01B | −¥112.00B | ¥392.60B | ¥94.42B |
| Cash at end of period | ¥2.17T | ¥2.21T | ¥2.09T | ¥2.67T | ¥2.63T | ¥2.98T | ¥2.49T | ¥1.73T | ¥1.48T | ¥1.91T | ¥2.02T | ¥1.63T |
| Free cash flow | ¥102.58B | ¥386.02B | ¥785.00B | ¥294.50B | −¥42.77B | ¥586.46B | ¥876.97B | ¥548.79B | −¥330.45B | ¥267.33B | ¥672.98B | −¥47.87B |
| Free cash flow margin | 3.6% | 12.7% | 21.1% | 9.5% | −1.6% | 20.9% | 23.7% | 18.5% | −12.9% | 7.7% | 18.0% | −1.7% |
| Capex / revenue | 4.9% | 5.4% | 2.0% | 3.2% | 4.6% | 4.0% | 3.5% | 6.5% | 8.0% | 5.0% | 3.8% | 6.2% |
| Operating cash flow / net income | 0.70 | 6.60 | 2.28 | 0.89 | 0.22 | 3.53 | 2.04 | 1.65 | −0.55 | 2.33 | 2.24 | 0.50 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported; data from EODHD.
SONY cash generation
In fiscal 2026 (ended March 31, 2026), Sony generated ¥1.95 trillion of cash from operations (down 16.2%) and spent ¥457.7 billion on capital expenditures, leaving free cash flow of ¥1.49 trillion, 11.9% of revenue. It returned ¥657.1 billion to shareholders through dividends (¥135.0 billion) and net share buybacks (¥522.1 billion). Cash and equivalents fell by ¥772.1 billion over the year.
Related: SONY income statement, SONY balance sheet, SONY dividend history. See the SONY stock overview for the latest quote and news.
SONY cash flow FAQ
What is Sony's free cash flow?
Sony's free cash flow was ¥1.49 trillion in fiscal 2026: ¥1.95 trillion of operating cash flow minus ¥457.7 billion of capital expenditures It was ¥1.67 trillion a year earlier..
How much cash does Sony generate from operations?
Sony generated ¥1.95 trillion of cash from operating activities in fiscal 2026, 1.89 times its net income of ¥1.03 trillion.
How much does Sony spend on capital expenditures?
Sony spent ¥457.7 billion on capital expenditures in fiscal 2026, 3.7% of revenue, compared with ¥647.5 billion the year before.
How much stock does Sony buy back?
Sony spent ¥522.1 billion on net share repurchases in fiscal 2026.
How much does Sony pay in dividends?
Sony paid ¥135.0 billion in dividends in fiscal 2026, 9.1% of free cash flow.