Film and TV Deliver $230 Million Profits as Sony Earnings Surge By 53%

📆 04/08/2020 10:18:00
📰 Variety

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The Pictures Division of Japanese entertainment and tech giant Sony achieved operating profits of $230 million in the April to June quarter. The wider corporation enjoyed a 53% increase in net inco…

The wider corporation enjoyed a 53% increase in net income, hitting $2.19 billion in the first quarter of its new financial year. Group revenues were up by 2% in local currency terms to JPY1.97 trillion.

Sony had let it be understood that it had competently handled the early stages of coronavirus, and had the financial resources to weather a storm. However, it also warned of a group level decrease in operating income of at least 30% in the new 2020-21 financial year.

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AmericanShtpost I hereby welcome our new Japanese overlords.

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