Sony's financial report: Sony made a profit of 2.5 billion yuan in fiscal 2012, the first profit in 5 years

According to RecordJapan news network on April 25, Sony's final financial results for the 2012 fiscal year announced on the 25th were a loss of 40 billion yen (about 2.5 billion yuan), marking the first time it has made a profit in five years since the 2007 fiscal year.

The main reasons for the turnaround were, on the one hand, Sony's sale of fixed assets such as its US headquarters building and Sony City Osaki building in 2012, and on the other hand, the impact of the depreciation of the yen.

In fiscal 2012, sales increased 5% year-on-year to 6.8 trillion yen, and operating profit was 230 billion yen, higher than the expected 6.6 trillion yen and 130 billion yen respectively.

According to Japanese news, Sony's performance has surprisingly turned from loss to profit. Sony's net profit for the fiscal year 2012 ending in March 2013 will reach 240 billion yen, three times higher than the original estimate of 90 billion yen, the best performance of the company in recent years.

Sony said the sharp depreciation of the yen has led to a significant increase in the company's profits.

Article from: Game Panorama