Sony Raises Full-Year Earnings Forecast Amid Strong Q1 Profit Driven by Gaming Business
Sony Group raised its full-year earnings forecast for the year ending March 2027, citing strong performance in its gaming division and other factors. The company reported a first-quarter operating profit of 476.5 billion yen ($3B), up 40% from the same period last year due to robust sales at PlayStation and image sensors businesses. Despite concerns over rising memory chip costs affecting tech firms, Sony confirmed it has secured sufficient supply for FY26. The company also highlighted U.S. tariff refunds, favorable exchange rates, and cost control as contributing factors behind its improved outlook. Analysts expect an operating profit of 465 billion yen in the July-September quarter. Sony's shares were flat after initially falling ahead of earnings but remain down nearly 8% year-to-date.