Tokyo-based Sonyreported an 88 billion yen loss the same period last year. Sony reported Friday that its quarterly sales rose 4.4% to 1.9 trillion yen (£13 billion). Sony has reported a January-March profit of 27.7 billion yen (£194 million) on the back of healthy sales of image sensors, PlayStation 4 game software and batteries for mobile devices, marking a recovery from its red ink a year ago. For the fiscal year through to March, Sony's profit fell 50% to 73.3 billion yen (£512 million) from 148 billion yen, partly because of costs related to repair of damage from a major earthquake that hit south-western Japan in April 2016. An unfavourable exchange rate also damaged Sony's results.
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It sees a 14 percent slide in net profit to 530.0 billion yen this year. TOKYO Honda Motor Co (7267.T) forecast a 16 percent fall in operating profit for the current financial year as the Japanese automaker sees higher auto sales being offset by a stronger yen and research and development costs. 5 automaker forecast a 19 percent jump in operating profit for the current financial year as it expects higher sales volumes, particularly in North America, to help it recover from last year's profit slump. 3 automaker said it expects an operating profit of 705 billion yen ($6.34 billion) in the year to March, down from 840.7 billion yen posted in the year just ended, and lower than an average estimate of 850.8 billion yen according to 23 analysts polled by Thomson Reuters I/B/E/S. Executive Vice President Seiji Kuraishi acknowledged that Honda's expected currency hit of 95 billion yen was based on a "conservative" yen forecast, adding that growing costs to create next-generation cars would also impact earnings.
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referring to
It sees a 14 percent slide in net profit to 530.0 billion yen this year. TOKYO Honda Motor Co (7267.T) forecast a 16 percent fall in operating profit for the current financial year as the Japanese automaker sees higher auto sales being offset by a stronger yen and research and development costs. 5 automaker forecast a 19 percent jump in operating profit for the current financial year as it expects higher sales volumes, particularly in North America, to help it recover from last year's profit slump. 3 automaker said it expects an operating profit of 705 billion yen ($6.34 billion) in the year to March, down from 840.7 billion yen posted in the year just ended, and lower than an average estimate of 850.8 billion yen according to 23 analysts polled by Thomson Reuters I/B/E/S. Executive Vice President Seiji Kuraishi acknowledged that Honda's expected currency hit of 95 billion yen was based on a "conservative" yen forecast, adding that growing costs to create next-generation cars would also impact earnings.
read more visit us profit
collected by :Jack Luxor
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