Sony Group reported a 7% fall in annual operating profit for fiscal 2023. Despite this, the company saw a 14% year-over-year increase in Q4 revenue to approximately $22.4 billion, surpassing the estimated $18.5 billion. Operating profit for Q4 rose by 57% year-over-year to around $1.5 billion. Sony sold 20.8 million PlayStation 5 units in FY 2023, which was below its guidance. Looking ahead, Sony forecasts a 5% increase in operating profit for the next business year to 1.28 trillion yen ($8.2 billion), driven by strong demand for its image sensors. The chips business is expected to see a 40% rise in operating profit due to higher sales and lower costs. However, the company anticipates lower sales for its PlayStation 5 console.