Sony Financial Group has upgraded its full-year consolidated net profit forecast for the current fiscal year ending March 2027 to a profit of 23 billion yen. The previous forecast was for a loss of 16 billion yen. The improvement reflects lower-than-initially-expected bond sale losses at subsidiary Sony Life Insurance under its asset-liability management, as well as a gain from the sale of a settlement-related company. First-quarter net profit came to a profit of 9.2 billion yen, a turnaround from a loss of 24.5 billion yen in the same period a year earlier. Consolidated adjusted net income, which serves as the basis for dividends, rose 44 percent year on year to 31.5 billion yen, while the full-year forecast was kept unchanged at 110 billion yen.
Sony Financial Group Inc.Upgraded full-year net profit forecast to profit of 23 billion yen from loss, citing lower bond sale losses and a gain.
Sony Group Corporation