Sony expects its annual profit to increase by 13% to 1.16 trillion yen in the financial year ending March 2027, despite facing higher memory prices that impact its PlayStation 5 production costs. The company reported strong revenue from its image sensor and music businesses, which helped offset hardware sales declines and memory price pressures. Sony also announced a share buyback plan of up to 500 billion yen over the next year. However, operating profit fell short of expectations due to losses from a scrapped EV joint venture and impairments related to its Bungie acquisition. Revenue is forecasted to slightly decline to 12.3 trillion yen next year from 12.5 trillion yen this year.
