Sony hikes full-year profit forecast

Sony raised its full-year operating profit forecast by 4 per cent to 1.33 trillion yen ($9.01 billion), citing factors including expectations of a smaller impact from US President Donald Trump's tariffs.

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Sony sees a tariff impact of 70 billion yen, compared to 100 billion yen forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid.

Japanese companies have been adjusting their expectations of the hit from tariffs as countries strike trade deals with the US including Japan last month.