<\/p>\n
TOKYO (AP) \u2014 Japanese electronics and entertainment giant Sony Group Corp. reported a 3.4% drop in its annual profit but projected Friday a comeback to record profits for the current fiscal year.<\/p>\n<\/div>\n
Tokyo-based Sony\u2019s net profit for the year through March totaled 1.03 trillion yen ($6.6 billion), down from 1.07 trillion yen in the previous fiscal year.<\/p>\n<\/div>\n
Ending a plan to release an electric vehicle with Japanese automaker Honda Motor Co. hurt its earnings. Rising costs of computer chips also bit into profit and remain a concern, according to Sony, which has film, music and video-game operations.<\/p>\n<\/div>\n
Sony is forecasting a 1.16 trillion yen ($7.4 billion) profit for this fiscal year, which would be a record for the company and a 13% jump from the year that just ended.<\/p>\n<\/div>\n
Annual sales at Sony for the fiscal year that just ended rose 3.7% from the previous year to nearly 12.5 trillion yen ($8 billion), boosted by hit films such as the latest in the \u201c Demon Slayer\u201d series and \u201cKokuho,\u201d and by healthy demand for games and network services.<\/p>\n<\/div>\n
On a quarterly basis, profit at Sony, which is behind the Bravia and PlayStation brands and the \u201cSpider-Man\u201d movies, fell 63% to 83 billion yen ($529 million) from 224 billion yen in the same period a year earlier.<\/p>\n<\/div>\n
Quarterly sales edged up 8% to 3 trillion yen ($19 billion), said the company, whose musical artists include Bad Bunny and Sza.<\/p>\n<\/div>\n
Sony is counting on healthy sales from its upcoming films, such as \u201cSpider-Man: Brand New Day\u201d and \u201cJumanji: Open World,\u201d to boost its bottom line for the current fiscal year.<\/p>\n<\/div>\n
Also Friday, Sony said it would spend up to 500 billion yen ($3.2 billion) to buy back \u2060up to 230 million shares.<\/p>\n<\/div>\n
Sony stock, which has been trading at about 3,000 yen ($19) lately, gained 1% on Friday.<\/p>\n<\/div>\n
\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.nhregister.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" TOKYO (AP) \u2014 Japanese electronics and entertainment giant Sony Group Corp. reported a 3.4% drop in its annual profit but projected Friday a comeback to record profits for the current fiscal year. Tokyo-based Sony\u2019s net profit for the year through March totaled 1.03 trillion yen ($6.6 billion), down from 1.07 trillion yen in the previous […]<\/p>\n","protected":false},"author":2,"featured_media":2407241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26630,345440,313298,318729,345436,345437,345438,470552,345439,470550,370853,470551],"class_list":["post-2407240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-japan","tag-package-100024-ap-online","tag-package-100373-mc-complete-state-national","tag-product-30597-ap-business-news-f-wire","tag-product-30598-ap-national-news-report-a-wire","tag-product-31388-premium-entertainment","tag-product-31995-ap-online-general-financial-business-news","tag-product-31997-ap-online-asia-news","tag-product-33328-ap-premium-entertainment-other","tag-sony-earnings-japan-music-movies-games","tag-tokyo","tag-yuri-kageyama"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/05\/Japans-Sony-reports-declining-profit-but-expects-a-record-for.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2407240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2407240"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2407240\/revisions"}],"predecessor-version":[{"id":2407242,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2407240\/revisions\/2407242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2407241"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2407240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2407240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2407240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}