Changes in US stocks | SONY.US (SONY.US) rose more than 2% and is considering raising product prices to make up for tariff losses

The Zhitong Finance App learned that on Wednesday, Sony (SONY.US) rose more than 2% to $25.20. According to the news, looking ahead to fiscal year 2025, Sony expects annual operating profit of 1.28 trillion yen, and tariffs will have a negative impact of 100 billion yen (about 4.872 billion yuan) on annual operating profit. The company said that in order to make up for losses, it is considering measures such as transferring production to the US and increasing the sales price of products to consumers.

Sony announced results for the fourth quarter and full year of the 2024 fiscal year ending March 31, 2025. According to financial reports, Sony's Q4 sales were 2.6 trillion yen, down 24% year on year, falling short of market expectations of 3.03 trillion yen; operating profit was 203.6 billion yen, down 11% year on year, better than market expectations; net profit attributable to the company's shareholders was 1977 billion yen, up 5% year on year, better than market expectations of 145 billion yen.

In addition, Sony also announced a stock repurchase plan of up to 250 billion yen and announced a schedule for the partial divestment of Sony's financial division. Sony said it plans to list the financial division on September 29 and will treat it as a discontinued business in accounting starting the current fiscal quarter.