Tokyo, Feb. 5 (Jiji Press)–Sony Group Corp. said on Thursday that it expects to post record sales and profits for the fiscal year ending next month thanks to strong performance of its music, game and semiconductor businesses. The Japanese company raised its consolidated net profit forecast for the year from 1.05 trillion yen to 1.13 trillion yen. The company also hiked its sales forecast from 12 trillion yen to 12.3 trillion yen and its operating profit forecast from 1.43 trillion yen to 1.54 trillion yen. A weaker yen also benefits Sony. In the three quarters through last December, Sony posted a net profit of 947.7 billion yen, up 12.4 pct from a year before. The result excluded the financial services business as the company spun off its Sony Financial Group Inc. unit last October. END [Copyright The Jiji Press, Ltd.]
Sony Projects Record Full-Year Profits
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