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Companies

Sony secures record profit as digital platforms thrive

Investors remain cool on lack of growth prospects

Sony's gaming segment, anchored by the PlayStation 4, generated 35% of group operating profit last fiscal year.   © Reuters

TOKYO -- Sony's operating profit rose 22% to a 894.2 billion yen ($8 billion) for the 12 months ended in March, marking a record for a second straight year thanks to the brisk performance of the gaming segment.

The continued shift to digital platforms in the entertainment field, including game downloads and music streaming services, contributed to higher margins, with the electronics segment improving profitability as well.

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