• Kyodo

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Sony Corp. said Tuesday its fiscal 2020 net profit is expected to fall 12.4 percent from a year earlier to ¥510 billion ($4.8 billion), as the coronavirus pandemic has hit its image sensor and movie businesses.

Sony, which released its earnings projections for the business year through next March for the first time, said its net profit in the April to June period, however, surged 53.3 percent to ¥233.25 billion on robust demand for gaming products as many people had to stay home after the novel coronavirus swept the world.

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