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Sony chief forecasts 20-year high in operating profit

Strong gaming, image sensor businesses set to push profit to 500 billion yen

Sony CEO Kazuo Hirai speaks at Sony's headquarters in Tokyo on May 23.

TOKYO -- Backed by its strong gaming and semiconductor businesses, Sony CEO Kazuo Hirai on Tuesday said he was confident the electronics and entertainment giant will see operating profit reach 500 billion yen ($4.5 billion) in the year ending March 2018, a level the company hasn't seen in 20 years.

Speaking at a strategy meeting at the company's Tokyo headquarters, Hirai also said the company's once bleeding television business has seen a recovery, and he intends to focus on regions with high growth potential like Asia.

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