Sony increased its full-year operating profit forecast by 4 percent to JPY 1.33 trillion ($9.01 billion), expecting a smaller impact from US tariffs than previously anticipated. The new tariff impact estimate is JPY 70 billion, down from JPY 100 billion. The company's games business is also expected to perform strongly due to sales growth in network services. An operating profit of JPY 340 billion was reported for the April-June quarter, rising 36.5 percent year-on-year. Following this announcement, Sony's shares rose 4 percent.
Sony raised its full-year operating profit forecast by 4 percent to JPY 1.33 trillion ($9.01 billion), citing a smaller impact from US tariffs. Tariff impact is now estimated at JPY 70 billion, down from JPY 100 billion as previously forecast. Chief Financial Officer Lin Tao stated that uncertainty in the business environment, especially regarding additional US tariffs, is expected to have a greater impact from the second quarter onwards.
The conglomerate reported a 36.5 percent rise in operating profit to JPY 340 billion for the April-June quarter, surpassing analyst estimates. Shares in Sony jumped 4 percent following the announcement of results, reflecting confidence in a stronger profit outlook at its games business supported by higher sales of network services and favorable exchange rates.
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