The Japanese electronics manufacturer ended not only the first quarter, but also the fiscal year. The net profit of Sony Corporation for the quarter was $ 247 million. This is an excellent result, especially if you compare it with the first quarter of 2016, which was completed at a loss. Operating profit reached $ 843 million, while the Japanese had only a loss a year earlier. Improved results are due to the excellent performance of the semiconductor business.
Fiscal year ended for Sony net profit of $ 654 million. Operating income for the period amounted to $ 2.58 billion. The company published a forecast for a new financial year that started exactly a month ago. The Japanese plan to make operating profit of $ 4.5 billion in 12 months. If this result is achieved, the best result since 1998 will be registered. First and foremost, higher earnings should contribute to improving sales of CMOS-matrices. The company also hopes to increase sales of smartphones.