Japan’s Sony reports declining profit but expects a record for this year
Entertainment
TOKYO (AP) — Japanese electronics and entertainment giant Sony Group Corp. reported a 3.4% drop in its annual profit but projected Friday a comeback to record profits for the current fiscal year. Tokyo-based Sony’s net profit for the year through March totaled 1.03 trillion yen ($6.6 billion), down from 1.07 trillion yen in the previous fiscal year. Ending a plan to release an electric vehicle with Japanese automaker Honda Motor Co. hurt its earnings. Rising costs of computer chips also bit
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