Sony announced that it posted a 158.7% gain in profit in operation on sales of 8.215 trillion yen for the fiscal year 2014 to March 2015. It posted a before-tax profit of 39.7 billion yen along with a net loss of 125.9 billion yen. For the fiscal year, 2015/16, the company has estimated a 4 time jump in their operational profit, which comes to nearly 300 billion yen. The company has finished the restructuring of its electronics business division. It has also estimated that image sensors used in smartphone cameras will perform favourably.
The company has a 40% share in the world image sensor market and will invest about 210 billion yen for R&D for the current year. The imaging products and solution division reported a 2.9% fall in sales to 720 billion yen with a 107.7% gain in profit in operation to 54.7 billion yen. Due to the shrinking of the market, Sony’s move of shifting the product mix to value added models in digital and video cameras, did not affect the numbers.
Sony noted a loss of 1.7 billion yen in the performance of the electronics department, which includes all the 5 divisions. However, the company is hopeful to garner a profit of 194 billion yen.