Sony forecasts return to growth in new year

(Telecompaper) Sony forecast a return to revenue and sales growth in the fiscal year to March 2018, led by expansion in its gaming, semiconductor and pictures businesses. In the past year, sales fell 6.2 percent to JPY 7.603 trillion, and net profit halved to JPY 73.3 billion, as the Japanese company suffered from the stronger yen, a sharp drop in smartphone sales and writedowns on a number of assets. For the current year, Sony said it expects to grow sales around 5 percent to JPY 8.0 trillion,