The company’s net profit fell 14.3 percent to 882.2 billion yen, while group sales rose 10.3% to 9.92 trillion yen (1.8 trillion CZK).

Sony expects its operating profit for the current financial year to fall slightly to around 1.16 trillion. Analysts expect operating profit to reach 1.21 trillion, according to Refinitiv.

Although interest in video games was weaker in full-year results, in the fourth quarter Sony increased operating profit by 109 percent to 138.6 billion yen thanks to the performance of its gaming and networking services division. Sales for the January to March period were 2.2 trillion yen, up one percent year-on-year. Sony’s net profit for the quarter rose 67 percent to 111.1 billion yen.

The company is benefiting from strong demand for the PlayStation 5 game console, where customers can download games and register for a subscription service.

11.5 million units were sold in the last financial year. Nearly 20 million units have been shipped since launching in 2020, despite a shortage of semiconductors that has led to limited production, Reuters reports.

Interest in the PlayStation 5 is currently so high that most retailers don’t have it. People have to wait several months after placing an order for their order to be processed.

Sony is now expanding its software presence. In February, the company announced an acquisition that it would take over Bungie for $3.6 billion (CZK 85 billion). It is based in the city of Bellevue in the US state of Washington. Among other things, the Halo video game series comes from his workshop. It was created as a private company in 2007, when it separated from Microsoft.

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