Sony posts 26% rise in Q1 operating profit on pandemic-led PS5 demand

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Operating profit for the quarter ended June 30 rose to 280.1 billion yen ($2.57 billion) from 221.7 billion yen a year earlier.

Ten analysts had expected a profit of 207.96 billion yen on average, according to Refinitiv.

Sony (NYSE:SONY) raised its profit forecast for the year through March 2022 to 980 billion yen from 930 billion. That prediction was lower than an analysts’ average estimate of about 1 billion yen from 25 analysts.

($1 = 109.0400 yen)