Sony Corp. reported Tuesday that its fiscal second quarter profit zoomed by 26-fold from the same period a year ago, boosted by the success of its image sensors, game products and the latest "Spider-Man" movie.
The parent company today announced increases in revenues and net profit in the second quarter of the current fiscal year. Sales grew 22 percent to $18.25 billion (￥2.1 trillion), thanks to a strong performance in the games division and the weakening of the Japanese yen against the dollar and euro.
Its net profit increased $1.11 billion (126.0 billion) year-on-year to $1.16 billion (130.9 billion yen), while operating profit gained $1.4 billion (158.5 billion yen) year-on-year to $1.81 billion (204.2 billion yen).
Sony has suffered in recent years as it fell behind rivals like Samsung Electronics Co. of South Korea and Apple, which makes the iPhone, in flat-panel TVs and mobile phones.
Sony said Tuesday it expected to book record annual profits as it pushes on with a turnaround driven by the PlayStation games division and a booming smartphone parts business while it also scored a hit with the newest Spider-Man movie.
The latest estimate factors in roughly 50 billion yen set aside for responding to possible business emergencies.
Sales in the Pictures segment rose 27.0% year-on-year to $2.16 billion (244 billion yen), while operating profit increased from $28 million (3.2 billion yen) to $68 million (7.7 billion yen).
Sony's perennially strong performing financial services businesses, such as life insurance and online banking, also did well, it said.