Sony forecasts return to growth in new year

Friday 28 April 2017 | 10:23 CET | News
Sony forecast a return to revenue and sales growth in the fiscal year to March 2018, led by expansion in its gaming, semiconductor and pictures businesses. In the past year, sales fell 6.2 percent to JPY 7.603 trillion, and net profit halved to JPY 73.3 billion, as the Japanese company suffered from the stronger yen, a sharp drop in smartphone sales and writedowns on a number of assets. For the current year, Sony said it expects to grow sales around 5 percent to JPY 8.0 trillion, and operating profit should nearly double to JPY 500 billion, and net profit should more than triple to JPY 255

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Sony
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Sony doubles profit in FY despite lower results at mobile, less smartphones sold

Published 26 Apr 2019 15:22 CET | World
Sony's net profit almost doubled for its full year to end March, jumping to JPY 916.3 billion from 490.8 billion, on revenues up ...

Sony raises FY forecast as Playstation, phone components drive Q2 results

Published 31 Oct 2017 10:24 CET | World
Sony has raised its outlook for full-year results after reporting a strong fiscal second quarter to September, driven by positive ...

Sony profits jump on growth in semiconductors, camera components

Published 01 Aug 2017 09:44 CET | Japan
Sony saw its net profit nearly quadruple in the fiscal first quarter to June, to JPY 80.9 billion from JPY 21.2 billion a year ...

Sony to drop 'premium standard' smartphones

Published 26 May 2017 10:10 CET | World
Sony is dropping the 'premium standard' category of smartphones from its range, the company announced at its annual investors ...

Sony Mobile terug naar winst

Published 28 Apr 2017 12:03 CET | World
Sony verwacht nog dit fiscale jaar, eindigend maart 2018, een terugkeer naar groei. Deze groei zal worden gedreven door de ...

Sony raises FY profit forecast

Published 21 Apr 2017 15:27 CET | World
Sony has raised its outlook for profits in the fiscal year to March 2017, saying all operations other than components performed ...

Sony unveils mid-range Xperia XA1 phones

Published 27 Feb 2017 10:58 CET | World
Sony has followed the launch of its flagship Xperia XZ Premium smartphone by unveiling its new midrange Xperia XA1 and XA1 Ultra ...

Sony sells 915,000 PlayStation VR units

Published 27 Feb 2017 10:56 CET | World
Sony Interactive Entertainment (SIE) has announced that the PlayStation VR (PS VR) virtual reality system for PlayStation 4 (PS4) ...

Sony intros Xperia XZ Premium with 4K HDR, gigabit LTE

Published 27 Feb 2017 10:27 CET | World
Sony has unveiled its new flagship smartphone, the Xperia XZ Premium at Mobile World Congress. The new device focuses on Sony's ...

Sony results fall on drop in mobile sales, films writedown

Published 02 Feb 2017 10:17 CET | World
Sony reported lower results for its fiscal third quarter to December, hurt by the stronger yen and the earlier announced ...

Sony quarterly results fall on continued drop in smartphones

Published 01 Nov 2016 08:31 CET | World
Sony reported revenues for its fiscal second quarter to September down 10.8 percent year-on-year to JPY 1.689 trillion, hurt by ...

Calendar   /   Industry Events

05 Mar Vonage Investor Day
08 Mar Smith Micro Q4 2020
10 Mar MTN FY results
10 Mar Verizon Investor Day
11 Mar Gogo Q4 2020
11 Mar Technicolor FY results
11 Mar T-Mobile US analysts day
12 Mar RTL Group Q4 2020
12 Mar Mobilezone Q4 2020
12 Mar AT&T analysts day
::: More Calendar Items