Sony reports an 18% rise in profit for the fiscal year ending March 31, driven by strong demand in music and gaming sectors, despite a slowdown in its financial segment.
Sony Corp. posted a profit of 1.14 trillion yen (€6.9 billion) for the fiscal year ending March 31, an 18% increase from the previous year. While overall sales remained largely unchanged at 13 trillion yen (€78.9 billion), the company experienced significant growth in its music and video game businesses.
Key successes included popular movies like "Venom: The Last Dance" and "Bad Boys: Ride or Die," and strong music sales from artists like SZA, Beyoncé, and Kenshi Yonezu. However, Sony's financial segment saw no growth, and its forecast for the following fiscal year predicts a 13% profit decline.
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Iranian President Masoud Pezeshkian stated on Friday that while Iran seeks peace, it will not be pressured into abandoning its nuclear and missile programmes, according to state media reports.
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