Sony's profits gain on 'Demon Slayer,' digital camera demand
Sony’s April-June profit rose 9% to 211.8 billion yen, or $1.9 billion, as the Japanese electronics and video game maker continued to benefit from a sales perk from the hit “Demon Slayer” animation film
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Sony’s April-June profit rose 9% to 211.8 billion yen ($1.9 billion) as the Japanese electronics and video game maker continued to benefit from a sales perk from the hit “Demon Slayer” animation film.
Healthy results in its music streaming business and robust demand for digital cameras, image sensors and the PlayStation 5 video game console helped Tokyo-based Sony Corp.’s quarterly sales grow 15% to 2.26 trillion yen ($20.7 billion), the company said Wednesday.
Sony had posted a 193.6 billion yen quarterly profit the previous year. Sony raised its full year profit forecast to 700 billion yen ($6.4 billion) from an earlier 660 billion yen ($6 billion).
The higher projection is still a drop from the 1 trillion yen profit Sony had racked up the previous fiscal year, when its sales jumped as people stuck at home for the coronavirus pandemic turned to video games, including those from Sony.
The PlayStation 5 went on sale late last year ahead of the holiday shopping season, each machine costing about $500. Production has not kept up with demand, and it’s often sold out. Sony said 2.3 million PlayStation 5 consoles were sold during the April-June period.
Among Sony’s top-selling music projects for the quarter were “Fine Line” by Harry Styles and “Singles: Sun Goes Down, Montero (Call Me By Your Name)” by Lil Nas X while, in Japan, Nogizaka46 sold well.
In its movie division, “Peter Rabbit 2: The Runaway,” a 3D computer-animated comedy was a hit. The horror film “The Unholy” was also popular. Sony said some theatrical releases were delayed because of the pandemic.
___
Yuri Kageyama is on Twitter https://twitter.com/yurikageyama