Sony increased its annual profit forecast on rising sales of sensors for smartphones

Net profit from Japanese consumer electronics manufacturer Sony Corporation, attributable to shareholders, for the first 9 months of the financial year (ended 31 December) fell by 31% yoy and reached 569,5 billion yen ($5.2 billion), follows from the statements of the company.

Diluted earnings per share amounted to 450,08 yen (us$4.1) against 638,89 yen (us$5.8) for the same period a year earlier. Sony’s revenue decreased by 0.4 percent to 6,511 trillion yen ($60 billion).

At the end of the third quarter of the fiscal year, which ended in late December 2019 calendar of the year, Sony cut its net profit by 46% year-on-year to of 229.5 billion yen ($2,1 billion). Diluted earnings per share amounted to 182,89 yen ($1.68 m) against 330,77 yen ($3,04) in the third quarter of fiscal year 2018-2019. Sony quarterly revenue increased by 3% to 2,463 trillion yen ($22.7 billion).

Operating profit Sony made 300,13 billion yen ($2.76 billion) against a profit of 377 billion yen a year earlier. Surveyed by Bloomberg analysts had expected operating profit in the amount of 271,65 billion yen.

Sony raised its full-year operating profit forecast to 880 billion yen from 840 billion yen ($8 billion). Analysts on average had expected a level of 877 billion yen. The forecast for annual net profit grew by 9.3% to 590 billion yen ($5.4 billion). And the forecast of revenue raised in comparison to the previous 1.2% to 8.5 trillion yen ($78,2 billion). In the past financial year the sales of Sony were measured 8.7 trillion yen.

In the third fiscal quarter revenues in the gaming division of Sony has decreased by 20% year on year, to of 158.5 billion yen ($1.46 billion). The company explained this decline by the decline in sales of consoles. The implementation of the PlayStation 4 in October-December decreased by 25% compared to the previous three months 2018 — to 6.1 million units. By the end of 2019, the company delivered a total of 108,9 million copies of PlayStation 4.

currently, the PS Plus subscription are 38.8 million PS4 users, which is about 37% of device owners. Sales of games for PlayStation 4 has also fallen — from 87.2 million to 81.1 million. However, the growing number of digital purchases of games. Their number increased from 37% to 49%.

profit at the unit for the production of image sensors the Sony in the third fiscal quarter increased to 75.2 billion yen ($692 million) from 46.5 billion yen over the same period a year earlier. This growth has been fuelled by the fact that smartphone manufacturers tend to set their device more high-end cameras. Sony accounts for about half of world market of sensors for cameras, the company supplies chips such giants as Apple and Huawei.

the Revenue of the music business rose up to 216.9 billion yen from 209,35 billion yen, in film — dropped to 236 billion yen from 276,7 billion yen.

Sony’s Shares finished trading on Tuesday with a decline of 0.04 percent. The capitalization of the company since the beginning of the year increased 4% to 9.48 trillion yen.