TOKYO, Feb 4 (AFP) : Sony on Wednesday slashed its full-year loss forecast, citing a weak yen and pickup in its smartphone and PlayStation console businesses, but warned of more job cuts as it struggles to return to profitability.
The company said it now expects to lose 170 billion yen ($1.4 billion) in its fiscal year to March, down by more than a quarter from an earlier 230 billion yen estimate, as it also pointed to falling restructuring costs.
A weak yen helped Sony's third-quarter results as net profit more than tripled to an estimated 89 billion yen, while sales grew 6.1 per cent to 2.55 trillion yen, it estimated.
Sony published estimates Wednesday after earlier saying it would delay its finalised numbers after a cyberattack at its Hollywood film unit -- linked to North Korean satire "The Interview" -- compromised "a large amount of data".
On Wednesday, it said that investigating the attack and fixing the problems at Sony Pictures Entertainment would cost at least $35 million, but added that it wouldn't have a significant impact on earnings.
Sony cuts jobs as it trims annual net loss forecast
FE Team | Published: February 05, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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