Sony executive deputy president and CFO Hiroki Totoki made a number of declarations at the Morgan Stanley Technology, Media & Telecom Conference that took place on March 6, 2023. Totoki-san outlined corporate strategies for the Japanese technology and entertainment giant. During a discussion about Sony Group Corporation's investment budgets, he stated that 700 billion Yen has been allocated to spend strategically across several company divisions in 2023, this converts to just over 5 billion US dollars. This represents the remainder of a 2 trillion Yen budget that was announced back in 2021, as a three year long strategic investment plan.Buoyed by very encouraging sales figures for its Playstation 5 Home Console, Totoki predicted continued growth for the PS5's lifespan unit sales: "I think we have a good chance to exceed 60 million units, and as you may know, we sold more than 100 million units in the era of the PS4." He also expects more of the Playstation 4's massive userbase to move onto the successive console in the coming years: "We have extremely loyal users on PS4 [that could move to PS5]. We have built the PS5 to deliver a better user experience and surprisingly, current proportions for the PS5 show that 30% of PS5 owners do not have a PS4. We have captured new user acquisition with PS5. That provides us with a good potential with the PS5's ecosystem expansion and increased penetration."

He also addressed potential sales growth of the Playstation 5's virtual reality headset: "With the Playstation VR1, we sold over five million units, and I think we have a good chance to exceed that number with PlayStation VR2." Industry forecasts have indicated that the virtual reality device market is expanding swiftly. Totoki has paid notice to these upward trends, and is confident that the Playstation VR2 is positioned well for continued success.Hiroki Totoki will be succeeding Kenichiro Yoshida as President and Chief Operating Officer of Sony Corporation, on April 1, 2023.