Sony Corp. (SNE, SON.L) posted net income attributable to stockholders of 93.91 billion yen, or 80.41 yen per share, for the fourth quarter, versus a loss of 255.21 billion yen, or 254.3 yen per share, in the prior-year quarter.
During the recent quarter, sales went up 8.3% year-on-year to 1.73 trillion yen, from 1.6 trillion yen, due mainly to the favorable impact of foreign exchange rates and the impact of the consolidation of Sony Mobile as an unit for the entire fourth quarter of the current fiscal year, partially offset by a significant decrease in LCD Television unit sales and the negative impact
from the sales of the small- and medium sized display business and chemical products related business. On a pro forma basis, had Sony Mobile been fully consolidated for the entire fourth quarter of last year, consolidated sales would have grown by nearly 6% year-on-year.
For the fiscal year ending March 31, 2014, Sony expects net income attributable to stockholders to be 50 billion yen, on sales and operating revenue of 7.5 trillion yen. Full-year consolidated sales are likely to increase significantly year-on-year chiefly due to the depreciation of the yen and an increase in sales in the electronics businesses. Also, pre-tax income of 210 billion yen is anticipated for the year.
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