Sony hikes annual profit forecast by 4%, citing smaller trade war impact

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AdvertisementAdvertisementBusinessAttendees look over exhibits in the Sony booth during CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 8, 2025. REUTERS/Steve Marcus/File Photo07 Aug 2025 11:09AM (Updated: 07 Aug 2025 11:16AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST TOKYO :Sony raised its full-year operating profit forecast on Thursday by 4 per cent to 1.33 trillion yen ($9.01 billion), citing a diminished impact from U.S. President Donald Trump's trade war.In May, Sony forecast a profit of 1.28 trillion yen, factoring in a 100 billion yen hit from the tariffs.The Japanese conglomerate has transformed from a maker of household electronics such as the Walkman to an entertainment behemoth spanning games, movies, music and chips.Sony reported a 36.5 per cent rise in operating profit to 340 billion yen for the April-June quarter, beating an estimate of 288 billion yen from eight analysts surveyed by LSEG.($1 = 147.5700 yen)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST