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Sony cuts FY outlook again as film writedown hits quarterly profit

Friday, February 3, 2017 - 05:50

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Mr Hirai will now focus on shoring up profitability and expanding business in new regions such as China.

Tokyo

SONY Corp cut its full-year profit forecast a second time after posting quarterly earnings that missed estimates on a writedown at its struggling movie division.

Net income will be 26 billion yen (S$326 million) in the 12 months ending March, down from an already-reduced

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