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Sony cuts FY outlook again as film writedown hits quarterly profit

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


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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