Sony Corp. reported Wednesday a 26 percent decline in net profit for the October-December period due to restructuring expenses.

But the company revised upward its full-year earnings projection to a net profit of 5.5 billion yen from 5 billion yen thanks to currency-related gains, and said its digital consumer electronics products showed brisk sales during the all-important yearend season.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.