Sony Group Shares rose 3.5% on Wednesday after Japanese conglomerates announced their buybacks of up to 250 billion yen ($1.7 billion) and operating income estimates.

Operating revenue for the last three months of the fiscal year was 203.6 billion yen, beating the average analyst estimate of LSEG of 192.2 billion yen, although it fell 11% from the same period last year.

In earnings reports, the Japan-based electronics, entertainment and finance company announced a share buyback of 250 billion yen.

Sony also provides detailed information on some of its financial division derivatives. The company plans to distribute more than 80% of the split common stock to shareholders of Sony Group through dividends.

The company added that the financial sector will list its financial operations this year and will be classified as operations that were discontinued in Sony Accounting this quarter.

However, Sony has performed poorly for the outlook for the fiscal year ending March 2026.

The company predicts its operating profit will rise 0.3% to 1.28 trillion yen after U.S. President Donald Trump's trade war hit 100 billion yen. This is below the average analyst estimate of 1.5 trillion yen.

Sony noted that its estimated tariff impact does not reflect a trade deal between the United States on Monday, and the actual impact may vary greatly.

The United States agreed to temporarily reduce China's tariffs to 30%, while Beijing lowered its tariffs on U.S. goods from 125% to 10%.

Sony executives said in a earnings call Wednesday that the company will manage the impact of tariffs by “strategic inventory in the U.S., adjusting product shipping allocations globally and focusing on market trends and other ways of price for certain products.”

Sony landed the price of its PlayStation 5 console in Europe, Australia and New Zealand in April, citing a "challenging economic environment" that includes high inflation and exchange rate volatility.

Sony gradually stood out for consumer electronics like Walkman in the 1980s, expanding its products to entertainment, including movies, music and game consoles, such as the popular PlayStation.

Sony Group Chairman Hiroki Totoki, who also served as CEO early in the year, said on a revenue call that Sony's entertainment business accounted for about 61% of combined sales this quarter And the company will continue to focus on expanding this segment.

Totoki said the company will also double its per-user spend on increasing active users and PlayStation 5 consoles, which will result in steady profits.