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Sony is solidly in the black after years of restructuring

Recurring revenues are paying big dividends as the giant seeks to innovate

Sony President Kazuo Hirai speaks at Sony’s headquarters in Tokyo on May 23.

TOKYO Five years after a painful restructuring that saw significant layoffs, staggering losses and a not-so-surprising exit from the PC market, Sony is back. The giant is riding the recovery of its consumer electronics business towards a nicely balanced profit structure, helped along by its financial services and entertainment operations.

For the year ending March 2018, Sony expects to post a record operating profit for the first time in two decades. After entering a period of stable profit growth, the company now wants to chase new growth through innovation.

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