Sony R&D expenses 2011-2023

In the company’s 2023 fiscal year, Sony Corporation spent almost 743 billion Japanese Yen on research and development expenses, a figure which converts to around five billion U.S. dollars. This R&D spending figure is the company’s highest in years.

Sony

Sony is one of the largest companies in Japan and is organized as a true conglomerate, with its major business segments including music publishing, movie production, video gaming, and consumer electronics. In FY 2023, the company earned 86.4 billion U.S. dollars in total revenue and employed over 100,000 workers. The company’s “Game & Network Services” segment, which includes hardware, software and network sales of PlayStation products, has been its largest revenue generator since 2015, and currently accounts for almost one third of Sony’s overall revenue.

Research and Development spending

While Sony’s most recent annual R&D expenditure was the highest it has been in years, it still pales in comparison to those of the world’s biggest R&D spenders. Six companies spent over 20 billion dollars on research and development spending in 2022, with tech giant Amazon topping the list at over 73 billion U.S. dollars spent.