Sony Group ( 6758.T ) said on Friday it expected its operating profit to fall from a record high this year as lower income from financial services offset gains in its games, music and film businesses.
Game console maker PlayStation expects operating profit to fall 3.2% to 1.17 trillion yen ($8.65 billion) in the year to March 31, below analysts’ forecast of 1.275 trillion yen, according to Refinitiv data in the amount of yen.
However, the improved performance of the game console is good news for the Japanese company after it was difficult to make enough PlayStation 5 game consoles due to semiconductor supply chain disruptions during the COVID-19 pandemic.
Sony, which owns Xbox maker Microsoft Corp. ( MSFT.O ) and rivals Switch provider Nintendo Co Ltd ( 7974.T ), sold 19.1 million units of the PlayStation 5 (PS5) video game console last year, compared with 11.5 million a year earlier. In the past,
This business year, the Japanese electronics and entertainment conglomerate said it expects profits from its gaming and networking unit to rise 8% to 270 billion yen. It expects revenue growth in its music and photo divisions to be largely flat, with financial services revenue to fall by a fifth.
Sony said its total operating profit fell 7.3 percent to 128.5 billion yen in the three months ended March 31. Its full-year profit was 1.21 trillion yen, the highest annual profit ever
