Sony's profits rises on robust performance for music, movies and games

14 hours ago 3

Japanese exertion and amusement institution Sony is reporting an 18% emergence successful nett for the fiscal twelvemonth done March acknowledgment to the robust show of its euphony and video-game operations

ByYURI KAGEYAMA AP concern writer

TOKYO -- Japanese exertion and amusement institution Sony logged an 18% emergence successful nett for the fiscal twelvemonth done March connected steadfast results astatine its euphony and video-game operations.

Tokyo-based Sony Corp. said Wednesday that its yearly nett totaled 1.14 trillion yen ($7.8 billion), up from 970.6 cardinal yen successful the erstwhile fiscal year.

Annual income were virtually unchanged, inching down to 12.957 trillion yen ($88 billion) from 13.020 trillion yen.

One country that lagged among Sony’s sprawling businesses was the fiscal segment, wherever gross stalled. But its movie part and its imaging and sensor solutions conception did well.

Among the movies that fared positively astatine the container bureau for the fiscal twelvemonth done March were “Venom: The Last Dance,” featuring the Marvel Comics superhero, and “Bad Boys: Ride oregon Die,” an enactment comedy, successful which Will Smith and Martin Lawrence travel backmost successful their fashionable bull roles, the 4th installment successful the series.

Sony, which makes the PlayStation console and crippled bundle played connected that machine, besides marked steadfast results successful the gaming business.

Its euphony operations, which besides held up, see recordings, streaming services and euphony for games. The top-selling recorded euphony projects for the latest fiscal twelvemonth globally was SZA’s “SOS Deluxe: LANA,” followed by Beyonce, Future & Metro Boomin and Travis Scott.

For the Japan euphony business, the top-seller was Kenshi Yonezu’s “Lost Corner” album, followed by offerings from Stray Kids and Six Tones.

For the January-March quarter, Sony posted a 197.7 cardinal yen ($1.3 billion) profit, up 5% from 189 cardinal yen the aforesaid 4th successful the erstwhile fiscal year. Sales were 2.6 trillion yen ($17.7 billion), down 24% from 3.48 trillion yen.

Sony is forecasting a astir 13% driblet successful nett for the fiscal twelvemonth done March 2026, to 930 cardinal yen ($6.3 billion), connected 11.7 trillion yen ($80 billion) sales, down 2.9% on-year.

Sony officials are acceptable to little reporters connected the latest institution strategy for maturation aboriginal successful the day. Sony stocks mislaid 3% successful Tokyo greeting trading.