Sony Group Corp. reported a surprise 22% improvement in profit after a challenging holiday quarter, raising its full-year outlook on the back of solid demand for its entertainment offerings.
The Japanese conglomerate now expects operating profit of ¥1.54 trillion ($9.8 billion) in the year through March, up from its previous forecast of ¥1.43 trillion. In the three months to December, Sony earned an operating income of ¥515 billion, outperforming analyst expectations, and improved sales by 1% to ¥3.71 trillion.