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

Sony Group raises yearly profit outlook

PlayStation maker rides tail wind of weaker yen

Sony's latest forecast represents a 5% increase from the figure announced in July. (Photo by Karina Nooka)

TOKYO -- Sony Group raised its full-year profit forecast as a weaker yen helped to drive up quarterly income, with the company saying its music streaming business was doing well while gaming had disappointed.

The Japanese electronics company on Tuesday reported a 24% year-on-year rise in quarterly net income to 264 billion yen ($1.79 billion). Revenues grew 16% to 2.75 trillion yen, with sales in key segments including movies, music and imaging buoyed by the weaker Japanese yen, which boosts overseas earnings.

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