Sony doubles profit forecasts for past fiscal year

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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.