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Japan-Update

Sony's path forward begins with record profit: Planning chief

Diverse earnings and focus on margins fuel recovery and growth

Sony anticipates its first record operating profit in two decades this fiscal year.

TOKYO -- Just six years after tumbling into financial crisis, Sony expects to log its first record profit in two decades in the year ending March 2018 -- a quick turnaround that sets the stage for another round of growth investment, according to Kazuhiko Takeda, Sony's head of corporate planning.

Investors rejoiced when the 630 billion yen ($5.61 billion) operating profit forecast came out at the end of October, sending Sony shares to their highest in more than nine years in the following days. And while the company's past struggles have triggered broad selloffs in Tokyo, Takeda said in a recent discussion with The Nikkei that he is confident of Sony's prospects, crediting improvements at its electronics operations and a more diverse earnings structure.

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