Sony raises its profit forecast for the current fiscal year, citing stronger performance from its video games business and the impact of a weaker yen. Multiple reports say the company lifts its outlook for the year ending next March, increasing expected net income to about 1.21 trillion yen (roughly US$7.5 billion). This compares with a prior forecast of around 1.16 trillion yen. The coverage attributes the upgrade primarily to the results from Sony’s gaming division and also to currency effects, with the weaker yen helping support reported earnings. While the specific phrasing differs across outlets, they converge on the same core message: Sony’s PlayStation-related segment is performing better than previously expected, and foreign exchange has provided an additional tailwind. The reporting frames the guidance increase as an update released by Sony, reflecting improved expectations for earnings over the full year rather than a short-term development only.
Sony raises profit outlook as gaming division and weak yen boost earnings
Sony raises its profit forecast for the current fiscal year, citing stronger performance from its video games business and the impact of a weaker yen. Multiple reports say the company lifts its outloo...
- Sony increases its profit outlook for the fiscal year ending next March.
- The upgrade lifts expected net income to about 1.21 trillion yen (about US$7.5 billion).
- Sony previously projected net income of about 1.16 trillion yen.
- The company attributes the change to stronger performance in its video games (PlayStation) segment.
- Reports also cite the weak yen as a factor supporting the revised forecast.
Sony hiked its profit forecasts for the current year on Friday, helped by the Japanese consumer electronics giant's video games division and the weak yen. For the year…
1 month agoFor the year to next March, the PlayStation maker expects net income of 1.21 trillion yen ($7.5 billion), up from 1.16 trillion yen projected before.
1 month agoThe PlayStation maker expects US$7.5 billion in net income this year, banking on the favourable impact of the weak yen.
1 month ago
Anthony Head’s daughter Emily joins The Inbetweeners cast for third film after deaths in family
Emily Head is seen for the first time since the deaths of her parents, as she joins the cast for the first day of filmin...
Sami Zayn appears as Undisputed WWE Champion on SmackDown; Cody Rhodes set for interview
Sami Zayn returns to WWE SmackDown appearing as the new Undisputed WWE Champion after defeating CM Punk, according to bo...
Glastonbury organisers respond to Oasis headlining speculation for 2027 festival
Glastonbury Festival organisers issue a statement regarding Oasis, after fans circulate demands for the band to headline...