Sony sees higher profit from image sensors, to conduct stock split

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Sony Group said on Tuesday it sees operating profit growing 5% to 1.28 trillion yen ($8.2 billion) this business year with a boost coming from its image sensors.

Item 1 of 2 PS5 by PlayStation is displayed in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly/File Photosaid on Tuesday it sees operating profit growing 5% to 1.28 trillion yen this business year with a boost coming from its image sensors.

The Japanese conglomerate said it would conduct a five-for-one stock split and buy back up to 2.46% of its shares worth 250 billion yen.Sony sees profits at its gaming business rising 7% in the current year due to smaller hardware losses as it sells fewer consoles, and higher sales from its PlayStation Plus subscription service.

Source: News Formal (newsformal.com)

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