Sony sees flat profit amid levies

Sony said yesterday it expects operating profit to rise 0.3% to ¥1.28 trillion ($8.7 billion) in the financial year ending in March, after factoring in a ¥100 billion hit from US President Donald Trump's trade war.

- SAM NUSSEY

The estimated tariff impact does not reflect this week's trade deal between the United States and China and the actual impact could vary significantly, Sony said.

Sony’s shares reversed a more than 3% fall from the morning session to rise over 2% in afternoon trading after the results.

The Japanese conglomerate has transformed from a maker of household electronics such as the Walkman to an entertainment behemoth spanning games, movies, music and chips.