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Sony reports annual profit drop after coronavirus disruptions

Weak sales in electronic products and gaming drag profit down amid lockdowns

TOKYO -- Sony has revealed a fall in annual operating profit and expects a sharper drop this year as disruptions from the coronavirus throttle several of its businesses.

The Japanese group said at an earnings conference on Wednesday that the uncertainties caused by the pandemic prevent it from offering a concrete profit forecast for this year. However, Chief Financial Officer Hiroki Totoki said during the online event that at this moment Sony anticipates a 30% decline in operating profit for the 12 months ending next March.

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