Following on from what has been rough year financially for Sony, seems to be looking up quite a bit for them. Following on from the company’s restructuring process Sony have managed to double their annual profit forecast thanks to the sale of a variety of company assets.
For the year ended March 31, 2013 Sony doubled their forecast from 20 billion yen to 40 billion yen ($403m / £261m).
In the final quarter of the financial year Sony had decided that the best way to move forward would be to sell their large stake in DeNA and also sell off their New York headquarters building and Osaki office builiding in Tokyo, which has had a hugely positive impact on their overall profit for the year.
The operating income forecast received a health boost too, being raised by 76.9 per cent to 230 billion yen (£1.5b / $2.3b).
While these are only a brief glimpse of the statistics Sony have reaped the benefits or costs of over the financial year, but we should get a much clearer picture on May 9th when Sony reveal their financial results for the entire year.
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