If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Sony doubles full-year profit forecasts to ¥40 billion

Operating income also up from HQ and other assets sales

Sony Corporation has doubled its profits forecast for the fiscal year ended March 31, from ¥20 billion ($201m / £130) to ¥40 billion ($403m / £261m).

The change is due to a deprecation of the yen during January, February and March, and better than expected performance of its financial services division.

Operating income forecasts have also been upgraded to ¥230 billion from ¥130 billion due to the sale of assets including M3 shares, an office in Tokyo and its US headquarters.

Sony releases full-year financial results on May 9.

Tagged With

Author

Matt Martin avatar

Matt Martin

Contributor

Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.

More News

Latest Articles