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Apart from its hit film, continuing strong demand for Sony’s
PlayStation game consoles helped boost the Tokyo-based company’s
bottom line.
Sony sold 2.6 million PlayStation 5 consoles in the second
quarter, compared with 4 million a year ago. The PlayStation 5
went on sale starting in 2020, and sales for such machines tend
to decline with time.
Like other technology companies, Sony is facing the problem of a
computer chip shortage because of the artificial intelligence
boom.
But, as with other Japanese giant exporters, it has benefitted
from the weakness of the Japanese yen, which raises the value of
the company’s overseas earnings when converted into yen.
The U.S. dollar has been trading at about 158 Japanese yen
lately, up from about 154 yen a year ago.
By business segment, Sony said its operating profit and sales
rose for the latest quarter in its games, music and pictures
operations.
Sony, which makes the Walkman portable audio player, Xperia
smartphones and Bravia TV sets, raised its profit forecast for
the full fiscal year through March 2027 to 1.3 trillion yen from
an earlier 1.2 trillion yen.
The new projection would mark an improvement from Sony's 1
trillion yen net profit in the previous fiscal year.
Sony's shares closed 7% higher in Tokyo trading, shortly before
its financial results were announced.
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