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)