US EditionSony girds for US tariffs after record annual net profit
- Sony announced its highest-ever annual net earnings, totaling 1.14 trillion yen , for the fiscal year ending in March 2025.
- The company faces uncertainty due to the current 10% U.S. Tariff on Japan expiring in July, with unclear future tariff rates.
- Sony expects a 13% net income decline in the current financial year and has reduced its sales forecast by 3%, especially in gaming and network segments.
- Sony anticipates tariff-related operating income losses around 100 billion yen , which accounts for less than 10% of its operating income forecast.
- Sony aims to manage tariff impacts by leveraging stockpiled U.S. Inventory while focusing on entertainment and image sensor businesses amid a less predictable trade environment.
46 Articles
46 Articles
ITV assessing US tariffs after in line first quarter
Britain's ITV has today reported a first-quarter performance in line with guidance and said while it was assessing the impact of tariffs, it did not expect its television-making unit to be hit by US President Donald Trump's proposed film levies.
Sony Anticipates $682 Million Decrease in Operating Income Due to Tariffs
Sony detailed its fourth-quarter 2024 financial results today, reflecting a 24% decline in year-over-year consolidated sales. However, Sony's imaging-related segments held steady. Unfortunately, the company also shared the anticipated impact of tariffs -- a massive operating income reduction.
PlayStation owner Sony forecasts a $680 million hit to profits next year due to Trump's tariffs
Japan's Sony on Wednesday reported a record annual net profit but issued a cautious forecast, saying it hopes to "manage the impact" of U.S. trade tariffs on its business. The entertainment and electronics giant said takings had been strong in the gaming, music and image sensor sectors in the year to the end of March 2025. But U.S. President Donald Trump's sweeping trade levies have made the business environment less predictable, including for g…
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