• Kyodo

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Sony Corp. said Thursday it has cut its group operating profit estimate for fiscal 2015 by 9.4 percent to ¥290 billion as it booked an impairment charge for the business that makes camera modules used in smartphones.

Given an expected decrease in demand for the parts amid globally slowing growth in the smartphone market, Sony set aside ¥59.6 billion to write down the production facilities and other assets of the division.

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