financetom
Business
financetom
/
Business
/
Sony hikes annual profit forecast by 4%, citing smaller trade war impact
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sony hikes annual profit forecast by 4%, citing smaller trade war impact
Aug 6, 2025 8:52 PM

TOKYO, Aug 7 (Reuters) - Sony ( SONY ) raised its

full-year operating profit forecast on Thursday by 4% to 1.33

trillion yen ($9.01 billion), citing a diminished impact from

U.S. President Donald Trump's trade war.

Sony ( SONY ) sees a tariff impact of 70 billion yen, compared to 100

billion yen forecast in May. It said the estimated impact is

based on tariff rates as of August 1 and said the situation

remained fluid.

Japanese companies such as Honda Motor have trimmed

their expected hit from tariffs amid a reduction in uncertainty

with Japan striking a trade deal with the U.S. last month.

Sony ( SONY ) was once well known as a maker of household electronics

such as the "Walkman" portable cassette player but has become an

entertainment giant spanning games, movies and music as well as

a leading maker of image sensors for smartphones.

Sony ( SONY ) reported a 36.5% rise in operating profit to 340

billion yen for the April-June quarter, beating the 288 billion

yen average of eight analyst estimates compiled by LSEG.

Sony ( SONY ) sold 2.5 million PlayStation 5 game consoles in the

first quarter, a 4% rise compared to the same period a year

earlier.

The console industry was set to receive a boost this year

from the launch of "Grand Theft VI" but the latest addition to

the popular series has been delayed to 2026.

Nintendo, which is seen as a potential

beneficiary of GTA 6's delay, last week reported robust early

demand for its new Switch 2 gaming device.

Elsewhere in the conglomerate, Sony ( SONY ) is preparing to cut its

stake in its financial unit to less than 20% through a partial

spin-off, with the business to list in Tokyo on September 29.

($1 = 147.5700 yen)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
DocGo Acquires PTI Health to Add Mobile Phlebotomy Lab Services
DocGo Acquires PTI Health to Add Mobile Phlebotomy Lab Services
Feb 10, 2025
08:21 AM EST, 02/10/2025 (MT Newswires) -- DocGo ( DCGO ) said Monday it has acquired PTI Health to add mobile phlebotomy lab services to its portfolio. Financial terms weren't disclosed. The company said it plans to expand the integrated service into other markets beginning with New York City. ...
New Pacific Metals to Defer Work at Two Bolivian Silver Projects This Year as it Works to Secure Permits
New Pacific Metals to Defer Work at Two Bolivian Silver Projects This Year as it Works to Secure Permits
Feb 10, 2025
08:27 AM EST, 02/10/2025 (MT Newswires) -- New Pacific Metals ( NEWP ) edged up on Monday in pre-market New York trading after saying it will look to advance permitting for its two Bolivian silver projects in 2025. The company said it will ease back on new exploration and engineering spending for the two projects - Silver Sands and Carangas...
GCM Grosvenor Q4 Adjusted Net Income, Revenue Increase
GCM Grosvenor Q4 Adjusted Net Income, Revenue Increase
Feb 10, 2025
08:21 AM EST, 02/10/2025 (MT Newswires) -- GCM Grosvenor ( GCMG ) reported Q4 adjusted net income Monday of $0.27 per diluted share, up from $0.17 a year earlier. Analysts polled by FactSet expected $0.23. Total operating revenue for the quarter ended Dec. 31 was $165.3 million, up from $116.6 million a year earlier. Analysts surveyed by FactSet expected $161.1...
Insperity Q4 Adjusted Earnings Fall, Revenue Rises; Q1, 2025 Adjusted EPS Outlook Issued
Insperity Q4 Adjusted Earnings Fall, Revenue Rises; Q1, 2025 Adjusted EPS Outlook Issued
Feb 10, 2025
08:21 AM EST, 02/10/2025 (MT Newswires) -- Insperity ( NSP ) reported Q4 adjusted earnings Monday of $0.05 per diluted share, down from $0.75 a year earlier. Analysts polled by FactSet expected $0.02. Revenue for the quarter ended Dec. 31 was $1.61 billion, up from $1.58 billion a year earlier. Analysts surveyed by FactSet expected $1.6 billion. The company said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved