Sony raises FY 2021 profit outlook on firm movie business, weak yen

Economy

Sony Group Corp. on Wednesday raised its net profit forecast for the current fiscal year to 860 billion yen ($7.5 billion), as solid movie and mobile gaming sectors along with a weak yen against the U.S. dollar are expected to make up for weak sales of its PlayStation 5 game consoles amid a global chip crunch. The Japanese electronics and entertainment giant in October forecast a net profit of 730 billion yen for the year through March 2022.

Kyodo News

Kyodo News