ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Sony raises annual operating profit forecast to record $10.5bn

Music streaming and movie segments strong but PS5 sales hit by chip shortage

Movies and music streaming helped Sony's revenues in the nine months to December.   © Reuters

TOKYO -- Sony Group on Wednesday said that it expects operating profit for the full year ending in March to hit a record high of 1.2 trillion yen ($10.5 billion), a 26% jump over the previous year and beating its own earlier forecast.

Sony had previously forecast an increase of 9% to 1 trillion yen in operating profit for the year. This comes after the Japanese conglomerate reported a new high in operating profit and revenue for the third quarter ended in December.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more