
Sony Group Raises Forecast, Riding Strong Music, Chips & PlayStation Momentum
âĒBy ADMIN
Related Stocks:SONY
Sony Group Corporation on Tuesday raised its fullâyear operating profit forecast for the fiscal year ending MarchâŊ2026 by 8âŊ% to about ÂĨ1.43âŊtrillion ($9.5âŊbillion), thanks largely to robust performance in its entertainment and semiconductor divisions.
In its JulyâSeptember quarter, Sony posted operating profit of ÂĨ429âŊbillion, up about 10âŊ% yearâonâyear. The company cited strong music and anime titlesâincluding the hit film Demon Slayer: Kimetsu no Yaiba Infinity Castleâand higher demand for largeâimage sensors as key drivers of growth.
While the gaming division saw a profit drop due to impairment losses on Destiny 2, the PlayStationâŊ5 console continued to sell well, with 3.9âŊmillion units shipped during the quarter.
Sony also cut its expected tariffârelated cost to ÂĨ50âŊbillion from the earlier estimate of ÂĨ70âŊbillion, reflecting lowerâthanâanticipated impact from U.S. trade policies.
On the back of the upbeat results, the company authorized a shareâbuyback of up to 35âŊmillion shares (roughly ÂĨ100âŊbillion). Investor sentiment responded: the stock jumped nearly 6âŊ% following the announcement.
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