Sony Lifts Forecast as Music Division Soars on ‘Demon Slayer’ Boom

Sony Group Corporation lifted its annual earnings forecast after posting double-digit profit growth for the July–September quarter, fueled by strong performances in its music and image sensor businesses that offset softness in gaming and consumer electronics.

The Tokyo-based conglomerate reported operating income of JPY429 billion ($2.78 billion) for the quarter ended Sept. 30, up 10% year-on-year from JPY389 billion, on sales of JPY3.11 trillion ($20.17 billion), a 5% increase. Net income attributable to Sony’s shareholders climbed 7% to JPY311.4 billion ($2.02 billion).

Sony raised its forecast for operating income in the year ending March 2026 to JPY1.43 trillion ($9.27 billion), up 8% from the prior guidance and

→ Continue reading at Variety

Similar Articles

Advertisment

Most Popular