Sony Upgrades Its Profit Forecasts, Citing ‘Expected Improvement’ in Most Sectors

The “expected improvement” in all Sony business sectors except for components prompted the company to upgrade its profit forecasts for the year ending March 31 from the forecasts it released Feb. 2, Sony said in a Friday announcement. Sony now expects its operating profit will be 19 percent higher than it forecast in February, and pretax income and net profit will be 28 percent and 181 percent higher, respectively, it said. Sony’s revenue target is unchanged from the February forecast, it said.