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General

Sony says coronavirus impact may cancel out guidance upgrade

Friday 27 March 2020 | 09:57 CET | News
Sony has announced that it may be forced to cancel the upward profit guidance included in its February results statement due to the impact of the coronavirus pandemic. Last month the Japanese electronics and entertainment giant upwardly revised its consolidated results forecast for the fiscal year, but explained that the impact of the spread of infection from Covid-19 was not included in that forecast. It has now revealed that the impact "could be large enough to eliminate the entire amount of the upward revision". 

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Categories: General
Companies: Sony
Countries: World
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