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Sony upgrades full-year forecasts for net profit and sales

Sony Group Corp yesterday upgraded its full-year sales and profit forecast, saying it expected strong performances in the music, movie and electronics sectors.
The optimistic outlook came despite a lackluster second quarter, with net profit down more than half compared with its extraordinary results in the same period last year.
The Japanese conglomerate, which this year acquired top online anime library Crunchyroll for US$1.2 billion, said it expected the purchase to boost sales and profit in its key movie division.
Several factors, including “license revenue in the anime business,” are also projected to lift music sales, as Sony enjoys steady growth in its ....

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