Sony lifts annual profit estimate on lower amortization costs

Sony Corp's logo is seen on its Crystal LED Integrated Structure display at its headquarters in Tokyo
Sony Corp's logo is seen on its Crystal LED Integrated Structure (CLEDIS) display at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon

April 21, 2017

TOKYO (Reuters) – Japan’s Sony Corp <6758.T> raised its operating profit estimate for the year ended March 31 thanks to lower amortization costs for its financial services segment.

The electronics company said it expected profit of around 285 billion yen ($2.6 billion), up from 240 billion yen estimated in February, it said.

It also cited lower costs for its the image sensor business and other segments.

It reports its full-year results on April 28.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

  • HarryObrian

    I get the impression that the Trump people have sent the word out to their most favorable and supportive companies to crank up the positivity because too much of this is happening way too quickly.