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<Results> Sony (6758.JP) 4Q Operating Profit Falls 24% YoY; To Launch Up to JPY5,000 Share Buyback
Sony (6758.JP) reported that operating profit for the fourth fiscal quarter ended March declined 24% YoY to JPY163.54 billion. For the full year, revenue rose 4%, while operating p...
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<Results> Sony (6758.JP) 4Q Operating Profit Falls 24% YoY; To Launch Up to JPY5,000 Share Buyback
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Sony (6758.JP) reported that operating profit for the fourth fiscal quarter ended March declined 24% YoY to JPY163.54 billion. For the full year, revenue rose 4%, while operating profit increased 13% to JPY1.45 trillion, mainly driven by its music and imaging & sensing solutions businesses.

Sony expects operating profit for the current fiscal year to reach JPY1.6 trillion (approximately USD10.2 billion), representing a YoY increase of about 10%, broadly in line with analysts consensus estimates. In addition, the company will repurchase shares of up to JPY500 billion (USD3.2 billion). (mn/j)

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