Sony lifted its annual revenue and profit forecasts after a stronger second fiscal quarter. Gaming and pictures contributed to the improvement, while the games division also reported no repeat of a prior-year accounting charge. The group’s operating margin widened even as costs increased, and image-sensor revenue moved lower.
Sony, the entertainment and electronics group, raised its annual sales and profit forecasts after announcing second-quarter results. Management now projects revenue of 13,000 billion yen, compared with 12,500 billion yen previously. Its operating-profit forecast increased from 1,720 billion yen to 1,870 billion yen. The forecast for net income rose from 1,210 billion yen to 1,330 billion yen.[1], [2]
The September-ended quarter delivered group revenue of 3,429.4 billion yen, up 10.3 per cent. Operating profit increased 45.1 per cent to 622.3 billion yen. Game and network services recorded revenue of 1,208.5 billion yen, a 9 per cent increase. The division’s operating profit rose 83 per cent to 220.1 billion yen, helped by the absence of a prior-year 49.8 billion yen impairment and development-cost adjustment.[1]
Pictures revenue increased 48 per cent to 513.7 billion yen, and its operating profit rose 568 per cent to 92.6 billion yen. Music revenue reached 598.4 billion yen, up 10 per cent. Image-sensor sales fell 6 per cent to 577.6 billion yen, although operating profit increased 12 per cent to 154.6 billion yen. Across the group, operating margin widened from 13.8 per cent to 18.1 per cent.[1]
