FX.co ★ Sony’s restructuring brings good profit

Japan’s Sony saw its third quarter profit boost thanks to its successful restructuring. Currently, the company develops game consoles, video games and movies that have a positive impact on its financial performance. Sony posted a net income of 120.1 billion yen ($1 billion) in Q3 2015, up 34% from a year ago. Sales were unchanged at 2.58 trillion yen ($21.5 billion). In its devices unit that produces image sensors quarterly sales dropped 13% on year to 249.9 billion yen ($2.1 billion). The reason is falling demand for mobile products and a considerable decline of sales in its battery business. Meanwhile, the company continues to invest in this sphere, developing production of sensors. At the end of last year, Sony bought Toshiba’s image sensor business, thus cementing its position on global CMOS image sensors market.
Sony is aimed at high-tech development. Its virtual-reality headset PlayStation VR is one of its leading businesses. In the near future Sony plans to buy Softkinetic Systems, a developer of distance- and motion-detecting cameras and sensors. This technology can be used with the virtual-reality headset.