Sony doubles profit forecast for FY’13, full report expected May 9

Thursday, 25 April 2013 11:18 GMT By Dave Cook

Sony has confirmed that its financial report for the year ended March 31st 2013 will go public on May 9, and the company has confirmed its profit projection for the year has doubled. reports that Sony’s profit forecast leaped from ¥20 billion ($201 million / £130 million) to ¥40 billion ($403 million / £261 million).

The increase suggests that the deprecation of the yen and the strong performance of Sony’s financial services division has helped boost the company’s profit as a whole.

Sony’s operating income forecast has risen from ¥130 billion to ¥230 billion, following the sale of its shares in M3, and the consolidation of three Asian offices into one division.

We’ll have more once the May 9 report drops.