TOKYO -- Sony Group on Friday lowered its profit forecast for the current fiscal year due to weaker than expected gaming software sales and additional costs related to the acquisition of U.S. gaming company Bungie.
The Tokyo-based company said it now expects 800 billion yen ($6 billion) in net profit for the fiscal year ending March 2023, a 9% decline from the previous year. The new figure is 30 billion yen less than its May forecast.
