Sony logs record full-year sales, but profit declinesAFP, TOKYOSony Group Corp yesterday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, although net profit dipped 14 percent from the previous year’s record. Demand for sensors used in smartphone cameras has continued to soar, and Sony Music also scored a winner with Adele’s latest album 30 and strong licence revenue in its popular anime business. Photo: Kimimasa Mayama, EPA-EFEIt reported full-year sales for 2021-2022 of ￥9.9 trillion (US$76 billion) and net profit of ￥882 billion. In 2020-2021, Sony logged a record net profit of more than ￥1 trillion, partly thanks to tax gains and the explosion in popularity of video games during lockdowns. The gaming giant, which has benefited from a string of popular titles including the January release of Pokemon Legends: Arceus, expects net profit for 2022-2023 of ￥340 billion.

Source: Taipei Times May 11, 2022 03:08 UTC