Sony raises full-year profit outlook after record second quarter on strong gaming, 'Demon Slayer'

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By Makiko Yamazaki
TOKYO (Reuters) – Sony Corp raised its annual profit outlook on Wednesday after posting a record second-quarter profit, as its gaming business continued to capture “nesting” demand ahead of the launch of the next-generation PlayStation 5 (PS5) console next month.
The upward revision also reflects a robust start for Japanese animated film “Demon Slayer”, co-distributed by Sony’s music unit, which has been shattering box-office records in Japan since its Oct. 16 release.
Higher revenue from gaming and entertainment content gives validation to Chief Executive Kenichiro Yoshida’s strategy to increase recurring revenue streams that cushion the impact of volatile hardware sales cycles.
Sony is targeting PS5 console sales of 7.6 million units or more in the year through March, chief financial officer Hiroki Totoki said at a briefing, citing the sales achieved …

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