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Yahoo
an hour ago
- Yahoo
Sony raises its profit forecast after saying it expects less damage from Trump's tariffs
TOKYO (AP) — Japanese entertainment and electronics company Sony said Thursday that its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump's tariffs was less than it had expected. The Tokyo-based manufacturer reported its April-June profit totaled 259 billion yen, or $1.8 billion, up from 210 billion yen. Quarterly sales edged up 2% to 2.6 trillion yen ($17.7 billion) as demand grew for games and network services, imaging solutions and sensors. The maker of PlayStation game machines, digital cameras, Walkman audio players and Spider-Man movies said those positive factors offset the negative impact from unfavorable exchanges rates. Sony said its network business also was drawing more subscribers to its online services. Sony raised its forecast for its profit in the full fiscal year until March 2026 to 970 billion yen ($6.6 billion), from an earlier forecast of 930 billion yen ($6.3 billion). The revised projection is still lower than what it earned in the previous fiscal year at 1 trillion yen. Sony now estimates the impact of the additional U.S. tariffs on its operating income at 70 billion yen ($476 million), much better than the initial estimate of 100 billion yen ($680 million). One of the successes among Sony's entertainment franchises was the latest 'Demon Slayer' animation movie, which is part of a hit series and is doing well at the box office. ___ Yuri Kageyama is on Threads:
CBS News
an hour ago
- CBS News
Here's a sneak peek at The BLVD! in West Sacramento
A new entertainment venue is about to open in West Sacramento, and we got a sneak peek. The BLVD! in West Sacramento is a new place to play, featuring 37,000 square feet of food and fun. It's an entertainment center featuring a bowling alley and modern-day arcade games. "We really feel like this is a place where people can come, stay for hours, have a great time," said Tami Thompson, The BLVD! director of sales and marketing. Suzette Gibson was among the very first people to try out the laser tag arena. "It was really great, a lot of exercise, a lot of running around, but beautiful," she said. It also features a live DJ, a bar and a restaurant. The bowling lanes also have a high-tech projection system called "Spark." "It animates your lane, it has all kinds of killer graphics and it's just a really cool experience," Thompson said. The BLVD! is located along West Capitol Avenue in the old Safeway building that's been vacant since 2018. They plan on hiring more than 100 employees. West Sacramento Mayor Martha Guerrero says it's a great addition to the community. "I'm incredibly impressed at all the entertainment activities they have here for both children and adults," Guerrero said. This is only the company's second location. So why did they pick West Sacramento? "We see a lot of industry coming in, a lot of buildings coming in and we wanted to be a part of the expansion," Thompson said. The new business has drawn some criticism for having a dress code that bans torn or baggy clothes and large chains. "We want to make sure that people want to come here and have a good time with their family, and we want to make sure people feel safe," Thompson said. But many West Sacramento residents say getting this type of venue is long overdue. "It's good to have some type of entertainment where we don't have to leave the area, and it's right here in our neighborhood," Gibson said. The BLVD! opens its doors to the public on Friday. Bowling costs between $30 and $55 an hour, depending on the time of day.
Yahoo
an hour ago
- Yahoo
Sony raises its profit forecast after saying it expects less damage from Trump's tariffs
TOKYO (AP) — Japanese entertainment and electronics company Sony said Thursday that its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump's tariffs was less than it had expected. The Tokyo-based manufacturer reported its April-June profit totaled 259 billion yen, or $1.8 billion, up from 210 billion yen. Quarterly sales edged up 2% to 2.6 trillion yen ($17.7 billion) as demand grew for games and network services, imaging solutions and sensors. The maker of PlayStation game machines, digital cameras, Walkman audio players and Spider-Man movies said those positive factors offset the negative impact from unfavorable exchanges rates. Sony said its network business also was drawing more subscribers to its online services. Sony raised its forecast for its profit in the full fiscal year until March 2026 to 970 billion yen ($6.6 billion), from an earlier forecast of 930 billion yen ($6.3 billion). The revised projection is still lower than what it earned in the previous fiscal year at 1 trillion yen. Sony now estimates the impact of the additional U.S. tariffs on its operating income at 70 billion yen ($476 million), much better than the initial estimate of 100 billion yen ($680 million). One of the successes among Sony's entertainment franchises was the latest 'Demon Slayer' animation movie, which is part of a hit series and is doing well at the box office. ___ Yuri Kageyama is on Threads: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
