Sony's net profit for the fiscal year ended March heightened by 17.6% to JPY1.14 trillion, with operating profit rising 16.4% YoY to JPY1.41 trillion. Sony forecast a 0.3% YoY hike in operating profit to JPY1.28 trillion (approximately USD8.7 billion) for the current fiscal year, below analysts' average expectation of JPY1.5 trillion. Net profit was expected to decline by 12.9% to JPY930 billion.

Sony stated that the group is responding swiftly to the tariffs already enforced by the U.S. and is evaluating various possible future scenarios to take countermeasures. At present, it expects to keep the impact of the trade war on its earnings within approximately JPY100 billion (about USD700 million), or less than a 10% hit to its operating profit forecast.