Sony hikes profit forecast on gaming strength
A Sony logo appears in this illustration taken Aug 25, 2025. (Photo: REUTERS/Dado Ruvic)
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TOKYO: Sony on Friday (Jul 31) hiked its full-year operating profit forecast by 8 per cent to 1.72 trillion yen (US$10.72 billion), citing the strength of its gaming business.
The Japanese conglomerate has received plaudits for its pivot to entertainment, but the market is concerned about the impact of AI and a memory chip price boom on its business.
The PlayStation maker pointed to the impact of US tariff refunds, a boost from exchange rates and cost control for the rosier outlook for its gaming unit.
In the April-June quarter, group operating profit rose 40 per cent to 476.5 billion yen, beating analyst estimates, due to the strength of the gaming and image sensors businesses.
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Sony has said it has secured memory chip supply for this financial year but expects continued high prices next year.
Sony is expected to be a major beneficiary of the launch of “Grand Theft Auto VI” on Nov 19 as Microsoft’s Xbox business retrenches.
Take-Two Interactive Software could sell 30 million to 35 million “GTA VI” units by year-end, according to a forecast from Ampere Analysis analyst Piers Harding-Rolls.
Other games coming to PlayStation 5 include the major in-house title “God of War Laufey”, which is due for release in February.
For the July-September quarter, analysts on average expect Sony to report an operating profit of 465 billion yen. The company’s shares were down 8 per cent year-to-date ahead of the earnings.
Camera lens maker Tamron said on Thursday it had received an acquisition proposal from Sony and established a committee to review its options.
Sony is a leading manufacturer of cameras and image sensors, while Tamron is a supplier of lenses for cameras made by Sony and rivals Nikon and Canon.
The company raised the forecast for its image sensors business, citing higher sales and exchange rates.
Source: Reuters/fh
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