Sci & TechThe impact from the outbreak already reduced group operating profit by 68.2 billion yen for the year ended this March, Sony said. Sony Corp expects operating profit to drop at least 30 per cent this financial year to its lowest in four years as the company anticipates a hit to demand for its TVs, cameras and smartphone image sensors from the coronavirus outbreak. The forecast profit of less than 600 billion yen would be the lowest since the year that ended in March 2017, when earthquakes knocked out factories in southern Japan that produce image sensors. The impact from the outbreak already reduced group operating profit by 68.2 billion yen for the year ended this March, Sony said. One bright spot for Sony was its gaming business, which reported a narrower-than-expected profit decline for the year that ended in March.

Source: Standard Digital May 13, 2020 10:18 UTC