Sony nearly triples annual profit forecast

Started by SWORDF1SH, Apr 22, 2017, 06:26 PM

0 Members and 1 Guest are viewing this topic.

Go Down Pages1

SWORDF1SH

Apr 22, 2017, 06:26 PM
Sony (Hanover: SON1.HA - news) on Friday nearly tripled its annual net profit forecast, citing lower-than-expected costs in its chip business and other divisions, including the PlayStation games business.
The Tokyo-based firm is now expecting net profit of 73 billion yen ($668 million) for the fiscal year to March, well up from its last forecast of 26 billion yen.
Sony nearly triples annual profit forecast

Legend

#1
Apr 22, 2017, 06:51 PM
Thanks Horizon  ;D

Mmm_fish_tacos

#2
Apr 22, 2017, 07:40 PM

ethomaz

#3
Apr 22, 2017, 08:21 PM
April 28th is the financials.

Profit is always good... 3x O.O

Kerotan

#4
Apr 23, 2017, 05:47 AM
Looki forward to the financials.  Hopefully a ps4 sales update.  Overall increased profits is really good for Sony too.

Dr. Pezus

#5
Apr 23, 2017, 11:51 AM
Man, Kaz has really turned the company around

SWORDF1SH

#6
Apr 23, 2017, 02:13 PM
Quote from: Dr. Pezus on Apr 23, 2017, 11:51 AMMan, Kaz has really turned the company around
He really has. He's made some tough decisions but he's steered the company back into healthy profit.

Raven

#7
Apr 23, 2017, 02:42 PM
Quote from: Dr. Pezus on Apr 23, 2017, 11:51 AMMan, Kaz has really turned the company around
Quote from: SWORDF1SH on Apr 23, 2017, 02:13 PMHe really has. He's made some tough decisions but he's steered the company back into healthy profit.
Yeah. Sony's biggest problem by far was its unwillingness to drop areas of their business that just weren't working or to heavily alter them to take on a smaller or different market. Which, from what I understand, is a common trait among many Japanese companies.

nnodley

#8
Apr 23, 2017, 02:42 PM
Quote from: Dr. Pezus on Apr 23, 2017, 11:51 AMMan, Kaz has really turned the company around
Now hopefully he makes sure playstation doesn't get arrogant again after the success of ps4 and have the ps5 bomb.  I would hope they learned their lesson after ps3 though.

ethomaz

#9
Apr 23, 2017, 03:15 PM
QuoteThe forecast for consolidated operating income has been revised upward due to expected improvement, compared with the February forecast, in all segments other than the Components segment, which is expected to deteriorate compared with the February forecast. The primary reasons for the upward revision in the segments that are anticipated to improve are expected decreases in amortization of deferred insurance acquisition costs and other costs in the Financial Services segment and lower costs than anticipated in February in the other segments, particularly Semiconductors.

That is the reason.

https://www.sony.net/SonyInfo/IR/news/20170421_E.pdf
Go Up Pages1