Sony Corp. said Wednesday its consolidated net profit for fiscal 2004 surged 85.1 percent to 163.84 billion yen, thanks to a strong performance by its movie unit.
But the electronics giant saw losses at its core consumer electronics business widen after being battered by steeper than expected price falls.
"Tough conditions will continue for fiscal 2005," Katsumi Ihara, the company's chief financial officer, told a news conference. "Our electronics division will still be unable to post a profit."