business

Sony profits soar nearly seven-fold to Y490.8 bil

5 Comments
By Kazuhiro Nogi

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© 2018 AFP

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5 Comments
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I wonder how much of that increase end in the pockets of the hard working men and women of Sony Corp.

-1 ( +1 / -2 )

Thats incredible. A 7 fold turnaround? Has to be a lot of asset sales in that mix surely. More than indicated here tbh.

0 ( +0 / -0 )

I wonder how much of that increase end in the pockets of the hard working men and women..

In comparison to many other Japanese companies, whose wage increase for 2018 is somewhere between 2 and 3 %, Sony's wage increase is 5%.

Has to be a lot of asset sales in that mix surely...

It's combinations of (1) increased sales in all aspects of their business except mobile phones, (2) favorable exchange rates, and (3) relatively poor performance in previous year.

https://www.sony.net/SonyInfo/IR/library/presen/er/17q4_sonypre.pdf

2 ( +2 / -0 )

except mobile phones

There is nothing wrong with Sony phones either its just such a crazily competitive market for smartphones and its probably going to be that way for some time. There was talk, a couple years ago, that Sony will stop making smartphones.

0 ( +0 / -0 )

@socrateos

Thats good to hear.

0 ( +0 / -0 )

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