Sony Logs Record Profits for April-Sept.

Economy

Tokyo, Oct. 30 (Jiji Press)--Sony Corp. <6758> on Tuesday posted record group net and operating profits for April-September thanks to strong performance by its games business.

Net profit surged 88.7 pct from a year before to 399,448 million yen, and operating profit jumped 20.1 pct to 434,517 million yen. Both hit a record high for the second consecutive fiscal first-half period.

For the full year ending in March 2019, the company expects to achieve record net and operating profits for the second straight year.

In the first half, Sony's game operations posted an operating profit of 174.1 billion yen, about 40 pct of the total, amid strong sales of software titles for its PlayStation 4 video game console.

Sony plans to increase its capital expenditures for its chip business to 600 billion yen for the three years ending in March 2021, up from its initial plan of 500 billion yen, anticipating solid growth in demand for use in automobiles.

[Copyright The Jiji Press, Ltd.]

Jiji Press