Sony Corporation
SONY Technology Consumer Electronics
Sony Corporation’s revenue for fiscal 2026 (year ended March 2026) was $82.4 billion, down 3.68% from fiscal 2025. In the quarter to June 2026, revenue fell 1.17%, EPS grew 33.3%, free cash flow grew 243.6% and total debt fell 31.8%, each against the same quarter a year earlier.
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Sony Corporation (SONY) Beneish M-score
Sony Corporation's Beneish M-score for fiscal 2026 cannot be worked out: days’ sales in receivables index cannot be worked out.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2021 | −2.08 | 0.68 |
| FY2020 | −2.76 | (0.38) |
| FY2019 | −2.38 | 0.45 |
| FY2018 | −2.83 | (0.35) |
| FY2017 | −2.47 | 0.31 |
| FY2016 | −2.78 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | — | — | n/a | — |
| Gross margin index | 1.12 | — | 0.59 | |
| Asset quality index | 0.71 | — | 0.29 | |
| Sales growth index | 0.96 | — | 0.86 | |
| Depreciation index | 0.96 | — | 0.11 | |
| SG&A index | 1.06 | — | −0.18 | |
| Total accruals to total assets | (0.06) | — | −0.27 | |
| Leverage index | 1.03 | — | −0.34 | |
| Beneish M-score | n/a — days’ sales in receivables index cannot be worked out | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| UEIC Universal Electronics Inc. compare | −3.4× |
| LPL LG Display Co., Ltd. compare | −3.2× |
| SONO Sonos, Inc. compare | −3.1× |
| GPRO GoPro, Inc. compare | −3.1× |
| TBCH Turtle Beach Corporation compare | −3.0× |
| AAPL Apple Inc. compare | −2.4× |
| FXHO UTime Limited compare | 77.2× |
| VUZI Vuzix Corporation compare | — |
| SONY Sony Corporation | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI