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Sony Corp Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 EBIT Guidance-Conference Call

Thursday, 1 Aug 2013 09:00am EDT 

Sony Corp announced that consolidated sales for fiscal 2013 are expected to be JPY7,900 billion, exceeding the May forecast by JPY400 billion. This increase is due to the favorable impact of the depreciation of the yen, offset by downward revisions in annual unit sales forecasts of certain electronics products. The forecast for fiscal 2013 consolidated operating income (EBIT) remains unchanged from the JPY230 billion announced in May, despite the upward revision in sales, primarily due to the unfavorable outlook regarding market conditions in the electronics business and the expected negative impact on operating income of currencies in emerging markets falling against the US dollar. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of JPY7,437 billion and EBIT of JPY247 billion for fiscal 2013. 

Company Quote

29 Jan 2015