Sony sees profits flat this year in tariff-hit forecast
Government
TOKYO :Sony said on Wednesday it expects operating profit to rise 0.3 per cent to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion yen hit from U.S. President Donald Trump's trade war. The Japanese conglomerate has transformed from a maker of household electronics such as the Walkman to an entertainment behemoth spanning games, movies, music and chips. President Hiroki Totoki has strengthened his grip over the conglomerate, taking the CEO
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