Sony raises FY 2015 profit forecast to $2.5 billion: Nikkei

By on April 25, 2015

TOKYO (Reuters) – Japanese shopper electronics firm Sony Corp (6758.T) has raised its working revenue estimate for fiscal 2015 to 300 billion yen ($ 2.Fifty Two billion), or four times its previous estimate, the Nikkei suggested on Saturday.

Expectations for higher sales of display sensors utilized in mobile phones and the Psgaming console were the reason Sony raised its forecast, the Nikkei suggested with out citing sources. No Person from Sony used to be on hand to comment.

Sony additionally expected cash within the fiscal 12 months that ends in March 2016 to reinforce as restructuring prices had been declining, the Nikkei said.

If Sony met its 300 billion yen profit forecast, it could be the company’s easiest cash on the grounds that 2008, the Nikkei mentioned.

Sony on Wednesday raised its cash estimates for the fiscal yr that just ended for the 2d time in three months, citing larger than anticipated sales of video games and digital cameras.

The Tokyo-based totally agency is eventually reaping the advantage of restructuring efforts after vulnerable TELEVISION and smartphone gross sales brought years of heavy losses.

(Reporting by means of Stanley White; Enhancing by way of Nick Macfie)

Reuters: Know-how Information

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