World Economy

Sony Making Good Money

Sony Making Good MoneySony Making Good Money

Sony Corp. forecast a surge in operating earnings by fiscal 2017 as Chief Executive Officer Kazuo Hirai drives the company’s turnaround with games, image sensors and entertainment, Bloomberg said. Operating profit will reach 500b yen ($4.2b) in the year starting April 2017, the Tokyo-based company said Wednesday. That compares with its forecast for 20b yen this year. Sony is also targeting a boost in its return-on-equity to above 10%. Hirai is focusing on profitability over volume growth as Sony targets areas where it has an advantage, such as image sensors used in smartphones and PlayStation 4 consoles.