Price hikes: A man walks past Sony’s headquarters in Tokyo. The Japanese entertainment and electronics giant says it sees a US$700mil impact from US tariffs in the year to March, wiping out expectations for an increase in operating profit. — AFP
TOKYO: Sony Group Corp offers an underwhelming forecast for the year ahead, with the burden of US tariffs wiping out expectations for an increase in operating profit.
The entertainment-focused group said yesterday that it sees a 100 billion yen (US$700mil) impact from US levies in the year to March and expects an operating profit of 1.28 trillion yen.
