ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

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