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Sony fiscal Q1 profit climbs 95.5% YOY

Sony Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥20.51 per share, an increase of 95.3% from ¥10.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.96 billion, an increase of 95.5% from ¥12.26 billion in the year-earlier period.

The normalized profit margin climbed to 1.3% from 0.7% in the year-earlier period.

Total revenue grew 5.8% year over year to ¥1.810 trillion from ¥1.711 trillion, and total operating expenses climbed on an annual basis to ¥1.744 trillion from ¥1.675 trillion.

Reported net income increased year over year to ¥26.81 billion, or ¥22.94 per share, from ¥3.13 billion, or ¥2.68 per share.

As of July 31, US$1 was equivalent to ¥102.82.