Sony Group posts 7% fall in annual profit, narrowly misses PS5 target

Japan’s Sony Group reported a 7 per cent fall in annual operating profit on Tuesday, hit by the performance of its financial business.

Profit for the year ended March was 1.2 trillion yen ($7.67 billion), in line with an average estimate from 23 analysts polled by LSEG.

Sony said it sold 20.8 million PlayStation 5 units in the full year. That compared with a revised target of 21 million units issued in February following weaker-than-expected sales over the year-end shopping season.