Sony lifts annual earnings outlook as profits surge

The Japanese tech-entertainment conglomerate said second-quarter net profit jumped 44 percent to 449.6 billion yen, driven largely by games and films

05 Nov 2026 03:11pm
The firm now expects to earn 1.33 trillion yen ($8.4 billion) for the year to March, up from the previous upgraded forecast of 1.21 trillion issued in July. (Photo by Kazuhiro NOGI / AFP)
The firm now expects to earn 1.33 trillion yen ($8.4 billion) for the year to March, up from the previous upgraded forecast of 1.21 trillion issued in July. (Photo by Kazuhiro NOGI / AFP)

TOKYO - Sony upgraded its annual earnings forecast for the current fiscal year on Thursday thanks to robust sales of its games, music and movies.

The firm now expects to earn 1.33 trillion yen ($8.4 billion) for the year to March, up from the previous upgraded forecast of 1.21 trillion issued in July.

The Japanese tech-entertainment conglomerate said second-quarter net profit jumped 44 percent to 449.6 billion yen, driven largely by games and films.

For the game operations, sales were helped by favourable foreign exchange rates but also strong sales of new titles.

In the movie segment, it noted an "increase in theatrical revenues primarily due to the contribution of 'Spider-Man: Brand New Day'".

The film was released in July and was a blockbuster success.

The game segment is also expected to benefit from the eagerly awaited November launch of "Grand Theft Auto VI", which is predicted to be the biggest release in gaming for years. -  AFP

 

 

 

Download Sinar Daily application.Click Here!

sony
playstation
Japan

More Like This
A customer walks past a logo of Japanese video game company Nintendo at the official store in Tokyo on November 5, 2026. (Photo by Rie KIKUCHI / AFP)
A customer walks past a logo of Japanese video game company Nintendo at the official store in Tokyo on November 5, 2026. (Photo by Rie KIKUCHI / AFP)
Money Nintendo quarterly net profit drops as Switch 2 unit sales slow
From July-September, net profit was down 29 percent to 73.5 billion yen ($465.3 million) -- missing estimates of 82.2 billion
Bayu Somerset marks another milestone in its five-year journey with the opening of a new 2,640-square-foot outlet at 118 Mall, Merdeka 118, Kuala Lumpur, as the homegrown fashion label continues to expand its retail presence.
Bayu Somerset marks another milestone in its five-year journey with the opening of a new 2,640-square-foot outlet at 118 Mall, Merdeka 118, Kuala Lumpur, as the homegrown fashion label continues to expand its retail presence.
Money Bayu Somerset expands retail presence with new outlet at Merdeka 118
By SHARIFAH SHAHIRAH
02 Nov 2026 11:03am
The expansion reflects the brand’s ambition to strengthen its position in Malaysia’s fashion retail market while introducing its designs to a more diverse and potentially international audience.
Representatives of the winning banks pose for a group photograph at the Twimbit Banking Summit & Awards 2026 in Kuala Lumpur on Oct 28, 2026.
Representatives of the winning banks pose for a group photograph at the Twimbit Banking Summit & Awards 2026 in Kuala Lumpur on Oct 28, 2026.
Money Maybank, CIMB, GXBank win top honours at Asean banking awards
By KOUSALYA SELVAM
30 Oct 2026 02:58pm
The awards recognised financial institutions across Southeast Asia for their achievements in digital innovation and customer experience.
A woman walks past an Adidas store at a mall in Beijing.(Photo by Pedro PARDO / AFP)
A woman walks past an Adidas store at a mall in Beijing.(Photo by Pedro PARDO / AFP)
Money Adidas posts 14th consecutive quarter of sales growth in China
Revenue in China reached 1.138 billion euros (US$1.27 billion) in the third quarter, bringing the total for the first nine months of 2026 to 3.227 billion euros (US$3.6 billion)