Sony Increased Its Revenue Forecast Due to Lower Losses from Tariffs

• Sony reported a 23% increase in revenue for the quarter.
• The revenue forecast for the year has been raised to 970 billion yen.
• Demand for games and network services grew in the last quarter.

The Japanese company Sony, which specializes in entertainment and electronics, announced a 23% increase in revenue for the last quarter compared to the previous year. This happened mainly because losses from tariffs, imposed by U.S. President Donald Trump, turned out to be smaller than expected.

As of the end of March, Sony's net income was 259 billion yen (about 1.8 billion U.S. dollars), which is higher than 210 billion yen in the previous year. Sales during this period increased by 2% to 2.6 trillion yen (17.7 billion U.S. dollars) due to increased demand for games and network services, as well as solutions for imaging and sensors.

The company noted that positive results compensated for the negative impact of unfavorable currency exchange rates. It was also noted that the number of online service subscribers increased.

Sony raised its revenue forecast for the entire fiscal year to March 2026 to 970 billion yen (6.6 billion U.S. dollars) from the previous 930 billion yen (6.3 billion U.S. dollars). However, this still indicates that it is below 1 trillion yen, earned in the previous fiscal year.

The company also estimates the impact of additional tariffs in the U.S. on its operational income at 70 billion yen (476 million U.S. dollars), which is significantly better than the initial estimate of 100 billion yen (680 million U.S. dollars).

Among Sony's successes in the gaming sector is the launch of the animated film "Demon Slayer," which continues to demonstrate strong results at the box office.

Tags: Economy