Sony revised upward to 800 billion yen in final profit forecast for this year

Sony revised upward to 800 billion yen in final profit forecast for this year October 28, 18:48

Sony's six-month financial results up to last month saw higher sales and profits due to a significant increase in sales of game software and music distribution due to so-called nesting demand.

The company has revised its final profit outlook for the current fiscal year to 800 billion yen, about 1.5 times the previous forecast.

According to Sony's six-month financial results for the entire group up to last month announced on the 28th, sales were 4,082.4 billion yen, 0.9% higher than the same period of the previous year.

Operating income, which indicates the profit of the main business, was 546.1 billion yen, up 7.1%.

This is due to the large increase in sales of game software and music distribution against the background of so-called nesting demand, which has increased the number of people spending at home due to the influence of the new coronavirus.

Regarding the one-year earnings forecast up to March next year, the final profit forecast is 56% higher than the forecast as of August, partly because the financial subsidiary was made a wholly owned subsidiary and the tax burden was lightened last month. , Revised upward to 800 billion yen.

Meanwhile, Sony is known to have stopped shipping image sensors due to regulations by the US government to stop the supply of semiconductors to Chinese telecommunications equipment giant Huawei.

Regarding this, Sony CFO Hiroki Totoki said at a press conference that "it is necessary to change the direction of selling high-priced products to specific customers," and intends to focus on expanding and diversifying the customer base. Was shown.