Sony raises FY operating income view to Y285B from Y240B
Sony Corporation has revised its consolidated results forecast announced on February 2, 2017 for the fiscal year of April 1, 2016 to March 31, 2017. The forecast for sales and operating revenue remains unchanged from the February forecast at Y7.6T. The forecast for consolidated operating income has been revised upward due to expected improvement, compared with the February forecast, in all segments other than the Components segment, which is expected to deteriorate compared with the February forecast. The primary reasons for the upward revision in the segments that are anticipated to improve are expected decreases in amortization of deferred insurance acquisition costs and other costs in the Financial Services segment and lower costs than anticipated in February in the other segments, particularly Semiconductors.