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Sony doubles profit forecasts for past fiscal year

Erik Johnson
Sony doubles profit forecasts for past fiscal year

Sony has doubled its profits and operating income forecast for the fiscal year ended at the end of last month, thanks to the selling of assets and a deprecation of the yen over the past few months.

Games Industry reports the corporation now predicts $403m for the period, up from the previously forecasted $201m.

The rosier outlook comes courtesy of a better than expected performance of its financial services division, along with the aforementioned deprecation of Japan’s currency.

Operating income forecasts are also up to $2.3bn from $1.3bn due to the sale of its office in Tokyo, its US headquarters, and other assets.

Sony plans on releasing full-year financial results on May 9th.


Tags: Sony , financial results , forecasts , MCV USA

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