Sony Group Corp. on Friday reported a net profit of 218.20 billion yen ($1.64 billion) in the April-June quarter, up 3.0 percent from a year earlier, helped by successful movie and music businesses.
Operating profit gained 9.6 percent to 306.96 billion yen in the first quarter of the business year through March 2023 on sales of 2.31 trillion yen, up 2.4 percent, the Japanese electronics and entertainment giant said.
But Sony lowered its net profit forecast for the business year to 800 billion yen from 830 billion yen on weak results in its financial business.
For the current business year, Sony now expects operating profit to decline 7.7 percent to 1.11 trillion yen on estimated sales of 11.5 trillion yen, up 15.9 percent.Sony's operating profit surpassed 1 trillion yen for the first time in the previous business year ending March, becoming the second Japanese manufacturer to do so after Toyota Motor Corp.
Net profit for the quarter rose by 21%, reaching Rs 48.2 crore. In the first half of FY25, revenue stood....
October 16, 2024
In the first half of 2024, tracks within TuneCore Accelerator gained over 3 billion track discoveries and experienced nearly 10....
October 07, 2024
This collaboration will see the contestants of SuperSinger Plus Rajasthan perform iconic songs from the vast TIPS Music library during....
October 05, 2024
The Masked Singer has taken audiences by storm since its inception in South Korea, captivating viewers in over 50 countries,....
September 27, 2024