Sony, the Japanese electronics and entertainment giant, posted a 3% increase in profit during the last quarter of the fiscal year, with quarterly earnings reaching 373.7 billion yen. This improvement came on the back of robust performance across various sectors, including financial services, games, and music, which helped push quarterly sales up by 18% to 4.4 trillion yen.
The company’s progress was not limited to the most recent quarter. From April to December, Sony saw a significant 21% boost in profits, growing from 781.6 billion yen to 943.9 billion yen. Building on these gains, Sony raised its full-year profit forecast to 1.08 trillion yen, up from an earlier projection of 980 billion yen. This optimistic outlook reflects not only the company's strong operational performance but also the benefits reaped from a favorable currency exchange rate and increased sales in its network services.
Meanwhile, the PlayStation division remains a key part of Sony's portfolio. Despite the PlayStation 5 entering its fifth year on the market, details about a future successor have yet to be revealed, keeping the spotlight on Sony's current gaming platform and its associated revenue streams.