Friday, 31 March, 2023
E-paper

Sony hikes annual net profit forecast as weak yen boosts gaming

Sony hikes annual net profit forecast as weak yen boosts gaming

Sony upgraded its annual profit forecast on Thursday, saying the weak yen should boost gaming earnings, as it logged a five percent jump in net profit for the April-December period.

The Japanese electronics and entertainment giant now expects net profit of 870 billion yen in the 2022-23 financial year, up from the previous estimate of 840 billion yen.