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Sony Raises Profit Forecast on Gaming Strength and Tariff Relief
Sony Raises Profit Forecast on Gaming Strength and Tariff Relief
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BTCCSquare news:
Sony Group Corp. has lifted its annual operating profit forecast by 4% to ¥1.33 trillion ($9.01 billion), citing resilient gaming performance and reduced U.S. tariff impacts. The revision reflects a ¥70 billion tariff hit—30% lower than May's projection—as trade tensions between Japan and the U.S. show tentative signs of easing.
The PlayStation maker's April-June operating profit surged 36.5% year-on-year to ¥340 billion, demolishing analyst estimates of ¥288 billion. CFO Lin TAO cautioned that product-specific tariffs remain a fluid risk, particularly as new U.S. trade measures could take effect in Q2.
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