Sony Increases Profit Estimate

Apr 21, 2017  •  Post A Comment

Sony said today that it anticipates net profits for the financial year ending in March 2017 to be $620 million. “That represents a tripling of the Japanese corporate giant’s previous forecast of $222 million but is still only half of the $1.26 billion (JPY148 billion) it made in 2015-16,” Variety reports.

Full results for the year are expected to be announced at the end of next week. The company issued its revised forecast today after previously issuing guidance in February.

“The company left its gross revenue forecast unchanged at $65 billion,” Variety notes. “The company said that, since February, it has anticipated improvements in all divisions, with the exception of its components business.”

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