Sony Corporation has raised its sales forecast for the 2014-2015 fiscal year due to higher than anticipated revenues in several sectors, though the company still expects a net loss of $1.05 billion for the year.
That’s up from an expected loss of $1.42 billion reported in February.
The Japanese company’s forecast for consolidated sales was revised upward thanks in part to increased revenue from its Music, Imaging Products & Solutions and Game & Network Services segments. Sony can thank its Financial Services division, however, as the main mover.
Consolidated operating income is expected to rise in part due to savings from Sony Life Insurance and the Home Entertainment & Sound segment.
The actual consolidated results for the fiscal year ended March 31, 2015 — and the forecast for FY 2015 — are scheduled to be announced on April 30.
Sony Corporation is the parent company of Sony Pictures Studios.
Sony Hack Attack Timeline: From First Cyberbreach and Leaks to 'The Interview' Release (Photos)
As Sony CEO Michael Lynton prepares to exit, here’s TheWrap’s blow-by-blow of 2014’s devastating cyberattack on the studio
As Sony CEO Michael Lynton announces his resignation, let's look back at one of the darkest periods of his tenure: the Sony hack.