Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Sony Corp    6758   JP3435000009

SONY CORP (6758)

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Sony : Resurgent Sony projects ¥500 billion operating profit for fiscal 2017

share with twitter share with LinkedIn share with facebook
share via e-mail
04/29/2017 | 05:17pm CEST

April 29--Sony Corp. on Friday forecasted an operating profit of Y500 billion for the business year to March 2018, up 73.2 percent from the previous year, on brisk prospects for its semiconductor and gaming businesses.

The resurgent electronics giant said it booked an operating profit of Y288.70 billion for the business year ended March 31, down 1.9 percent year on year on sales of Y7.60 trillion, a 6.2 percent drop chiefly attributed to exchange rate losses stemming from a firming yen.

Net profit, however, fell 50.4 percent to Y73.29 billion due to a Y112 billion impairment loss booked in its film business.

Despite the declines, the firm is confident it can achieve its ambitious targets for the current business year, said Chief Financial Officer Kenichiro Yoshida.

"It is the best prediction for us at this point," Yoshida said at news conference following the release of the final earnings report.

In its projections for fiscal 2017, the company expects net profit to reach Y255 billion, more than triple the figure posted in the previous business year. It also expects revenue to grow 5.2 percent to Y8 trillion.

Sony said it is seeing a rapid recovery in its semiconductor business, which produces image sensors widely used in mobile devices, after production at its chip-making facility in Kumamoto Prefecture was restricted until September by damage from the earthquakes that hit Kyushu in April last year.

The company also expects its gaming and network businesses to keep faring well, after seeing profit rise in the segment thanks to strong sales of its flagship PlayStation 4 gaming console.

Sony reported its second consecutive net profit since returning to the black last year for the first time since fiscal 2012. In that year, earnings had been lifted by one-time gains from asset sell-offs. The company incurred net losses from fiscal 2008 to 2011.

In other segments, the film unit and the component unit, which produces battery and storage media, recorded the company's largest losses at Y80.5 billion and Y60.4 billion, respectively.

Chief Executive Officer Kazuo Hirai is scheduled explain the details of the company's business policies for the current year on May 23.


(c)2017 the Japan Times (Tokyo)

Visit the Japan Times (Tokyo) at www.japantimes.co.jp/

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SONY CORP
04/29 SONY : Resurgent Sony projects ¥500 billion operating profit for fiscal 2017
04/29 SONY : International Trade Commission Receives Complaint from Sony
04/28 SONY CORP (NYSE : SNE) reported earnings of $21.90 per share beating Walls Stree..
04/28 UPDATE2 : Sony expects FY 2017 operating profit to surge 73% to 2-decade high
04/28 UPDATE1 : Sony expects FY 2017 operating profit to surge 73% to 2-decade high
04/28 SONY : returns to black on healthy chip, game, battery sales
04/28 SONY : expects operating profit of 500 bil. yen for FY 2017
04/28 SONY : Consolidated Financial Results for the Fiscal Year Ended March 31, 2017
04/27 SONY : Patent Issued for Image Processing Apparatus, Image Processing Method, an..
04/27DJSONY : Fox TV Veteran Leads Field for Sony Film Post -- WSJ
More news
Sector news : Household Electronics - NEC
04/28 Foxconn plans 'capital-intensive' U.S. investment-Chairman Gou
04/27 LG ELECTRONICS : South Korea's LG Electronics reports best quarterly profit in n..
04/21 PANAHOME : Panasonic raises PanaHome buyout offer to appease shareholders
04/19DJFoxconn Sees Future Path Beyond Apple -- WSJ
04/11DJFoxconn Targets Toshiba Chip Unit -- WSJ
More sector news : Household Electronics - NEC
News from SeekingAlpha
04/28 Sony +2.2% on swing back to profit
04/28 Sony reports Q4 results
04/27 SPIDER-MAN AND STEPHEN KING : Put Sony On A Watch List
04/27 WALL STREET BREAKFAST : Markets Prepare For ECB Meeting
04/27 Digital Networks Will Finally Crush GameStop's Pre-Owned Business
Financials ( JPY)
Sales 2018 7 880 256 M
EBIT 2018 -
Net income 2018 272 421 M
Finance 2018 1 113 694 M
Yield 2018 0,83%
P/E ratio 2018 17,57
P/E ratio 2019 15,40
EV / Sales 2018 0,46x
EV / Sales 2019 0,40x
Capitalization 4 750 488 M
More Financials
Duration : Period :
Sony Corp Technical Analysis Chart | 6758 | JP3435000009 | 4-Traders
Full-screen chart
Technical analysis trends SONY CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 4 302  JPY
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Kazuo Hirai Executive President, CEO & Representative Director
Osamu Nagayama Chairman
Kenichiro Yoshida CFO, Director & Representative EVP
Fumiaki Sakai Chief Information Officer
Takaaki Nimura Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP14.43%42 588
LG CORP--.--%10 380
More Results