TOKYO -- Barring some severe deterioration in its major businesses, the odds are looking good for Sony to surpass its 20-year-old operating profit record in the current fiscal year.
The Tokyo-based multinational has set aside around 40 billion yen ($358 million) as a buffer to deal with unforeseen business risks in the fiscal year ending March 2018. While the company has not revealed much detail, such as the size of buffer for each business segment, it probably allocated the cushion "by paying attention [to risks] in the mobile, film and some financial businesses," said Masahiro Ono, analyst at Morgan Stanley MUFG Securities.
