Sales at Sony Music for the fiscal year to March 31 decreased 9.9% to 470.7bn Yen (?3.5bn),a decrease that the company said was due to the movement of the Yen against the dollar, the continued contraction of the physical music market and, perhaps more significantly, the especially strong performance of the Michael Jackson catalogue in the previous year.

Nevertheless, operating income increased 6.6% year-on-year to 38.9bn Yen (?285m).

Sony said that despite the fall in sales, operating income increased due ...