TOKYO Sony Corp. said Wednesday that its net profit fell 15% in the first half of the year, though strong sales of entertainment and imaging sensors offset weakness in the games sector.
Tokyo-based Sony, which makes Bravia digital TVs and the Aibo robotic dog, upgraded its earnings forecast for the full fiscal year on expectations for stronger sales and lower taxes.
The company said net profit was 340 billion yen ($3.1 billion), compared with 399 billion yen in the same period a year earlier.
It forecast its net profit for the year ending March 31, 2020, will reach 540 billion yen ($5 billion), up 8% from its earlier estimate but well below the 916.3 billion yen it earned in the previous fiscal year.
Sony's music unit saw stronger sales from downloads and streaming.