Sony Financial Group raised its consolidated earnings forecast for the fiscal year ending March 2027. Operating income is expected to turn profitable, while profit before tax and net income are also projected to be positive, with lower losses on sales of securities reportedly contributing to the improvement.
Sony Financial Group raised its consolidated earnings forecast for the fiscal year ending March 2027 under International Financial Reporting Standards (IFRS).
Under the new forecast, operating income is expected to be ¥29.0 billion, profit before tax ¥37.0 billion and net income ¥23.0 billion, with all three improving from the losses projected in the previous forecast.
The reported factor behind the return to profitability is a reduction in losses on sales of securities.
The announcement was reported through Jiji Press, and further disclosures are awaited regarding the analysis of the financial factors and the outlook.