Sony trims annual profit forecast after Bungie purchase

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Sony trimmed its annual net profit forecast on Friday, partly due to acquisition expenses including the purchase of US game studio Bungie, creator of hits like 'Halo' and 'Destiny'.

Sony Group now predicts net profit for 2022-23 will total 800 billion yenTOKYO - Sony trimmed its annual net profit forecast on Friday, partly due to acquisition expenses including the purchase of US game studio Bungie, creator of hits like"Halo" and"Destiny".

Sony Group now predicts net profit for 2022-23 will total 800 billion yen , down from the 830 billion yen previously forecast. Exchange rates also boosted the conglomerate's movie segment, chief financial officer Hiroki Totoki told reporters. Sony sold 11.5 million PS5s last year, and in May Totoki said the firm was adapting to try and weather ongoing supply chain issues, including Covid-19 lockdowns in China.

 

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