Sony shares dive 8% as underwhelmed investors lock in gains

Japan blue chip forecasts annual profit drop as pandemic-driven gaming fever cools

JADA NAGUMO, Nikkei staff writer

TOKYO -- Shares in Sony Group fell sharply on Friday, slipping nearly 8%, with investors disappointed in the company's weak earnings outlook for the current fiscal year.

Sony's stock price closed down 7.7% at 10,900 yen ($100) in Tokyo, hitting almost a two-month low. The conglomerate, which is included in Japan's blue-chip Nikkei Stock Average index, had the second biggest percentage drop out of the 225 companies that comprise the benchmark.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.