Sony Raises Full-Year Profit View

Published on April 25, 2013
by Daisuke Wakabayashi

Japanese electronics firm Sony Corp. said it doubled its profit outlook for the past business year ended March, aided by a weaker yen, asset sales and a rebounding stock market that helped its life insurance business.

Sony said it now expects a net profit of ¥40 billion ($400 million) for the past fiscal year versus a February estimate of ¥20 billion. It also raised its operating profit outlook to ¥230 billion from an earlier ¥130 billion, while lifting its sales estimate to ¥6.8 trillion from ¥6.6 trillion.

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