Sony Increases 2014 Results Forecast  

Sony increases 2014 results forecast

TOKYO — Sony has revised its consolidated forecast for the 2014-15 fiscal year, ended on March 31, 2015, with higher sales and lower losses than previously anticipated.
For the April 2014 to March 2015 period Sony now foresees sales of JPY8.21 trillion ($68.7 billion), compared with JPY8 trillion ($66.9 billion) in its February guidance. The company attributes the rise to greater-than-expected revenue from its financial services division, as well as its music, imaging products and games businesses.

The operating profit forecast has also been ticked upward to JPY39 billion ($326 million), compared to an earlier forecast of a JPY5 billion ($41.8 million) loss. The revenue gains help, as do lower costs in Sony’s Home Entertainment & Sound segment.
The net profit outlook has likewise improved. The JPY170 billion ($1.42 billion) loss anticipated in February is now trimmed to JPY126 billion ($1.05 billion).
Sony will announce its consolidated results for the 2014-15 fiscal year on April 30. It will also issue guidance for FY2015.

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