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Sony sees 30% rise in annual operating profit

Nov 08

Sony sees 30% rise in annual operating profit

FOLLOWING a successful second quarter in 2018, Sony Corporation is forecasting a 30 percent increase in its annual consolidated operating income, driven by the impact of the consolidation of EMI Music Publishing and upward revisions in several segments particularly in the Game & Network Services segment.

Sony now expects annual operating income of $7.7 billion (¥870 billion), a significant rise from the first quarter’s outlook of $6 billion (¥670 billion). Meanwhile, the consolidated sales forecast has increased $893 million (¥100 billion) from the previous quarter forecast of $76.7 billion (¥8.6 trillion).

For the second quarter ending September 30, 2018, Sony Corporation registered a 17 percent year-on-year increase to $2.14 billion (¥239.5 billion) and a 6 percent year-on-year increase to $19.5 billion (¥2.18 trillion) on its sales and operating revenue as compared to the same quarter of the previous fiscal year.

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