Sony Pictures Entertainment announced its full year results in Tokyo on Friday. The film and TV unit of the giant Sony Corp. revealed that operating income for the fiscal year ended March 31 2026 fell 11 percent to $687 million from $763 million in dollar terms, compared to the year ago period. Sales for the FY were essentially flat at $9.92 billion from $9.90 billion. The drop in operating income owed to SPE shutting down visual effects and virtual production firm Pixomondo. In March, the company revealed that it was shuttering Pixomondo to focus on Sony Pictures Imageworks, headquartered in Vancouver, shifting production to more incentive-friendly Canada. SPE’s FY profit without the Pixomondo impairment charge actually increased 11 percent to $858 million. In the fiscal fourth quarter, SPE saw income increase over the previous quarter, rising 36 percent to $268 million from $197 million. Revenue for Q4 increased 31 percent to $3.01 billion from $2.30 billion from Q3. SPE comprises the motion pictures division, television productions and media networks. The motion pictures unit (which comprises …