operating profit for the quarter ended June 30 rose to 280.1B yen from 221.7 billion yen a year earlier for a 26% increase. Sales were up 15% to 2.26 trillion yen and net income grew 9% to 211.8 billion yen. The company cited significant increases in electronics and music sales with a decrease in profits from games.
The Games division saw sales shift upwards by 2% while operating income dropped 33% based on a decrease in sales of non-first-party titles, a deterioration of operating results for hardware and a loss resulting from strategic price points forhardware that were set lower than manufacturing costs, as well as a decrease in unit sales of PlayStation 4 hardware. The full-year forecast remains unchanged from April.
Music got a 56% boost in operating income to 55.4 billion yen . That includes higher sales for recorded music and music publishing and an increase in sales in the anime business, primarily reflecting the contribution of physical media revenue from runaway smashSony Corp raised its full-year profit forecast to 980 billion yen from 930 billion yen through March 2022.
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