TOKYO (Reuters) – Sony Group Corp on Friday posted a record annual profit due to a strong performance at its music and microchip units, but the company predicted a smaller profit for the year to next March.
Operating profit at the Japanese electronics and entertainment conglomerate came to 1.21 trillion yen ($8.96 billion) for the year ended March 31, up 0.5% on the year.
For the current business year, Sony expects its operating profit to fall 3.2% to 1.17 trillion yen. That compares with analysts’ average estimate of a 1.275 trillion yen profit, according to Refinitiv data.
($1 = 135.0400 yen)
(Reporting by Kiyoshi Takenaka; Editing by Chang-Ran Kim)