Sony’s New Guidance Implies That Peak Out of PlayStation 4 Will Be Fulfilled by Other Businesses
Sony’s operating income guidance for the new fiscal year is JPY 810 billion, which is essentially flat from the previous year excluding a onetime profit, and in line with our forecast of JPY 820 billion. The new guidance will encourage the market, as we believe investors were concerned that Sony will not be able to compensate for the sharp slowdown of PlayStation 4 and mobile games, which had dragged down Sony’s share price over the past few months. We believe that profit from PlayStation 4 plat...Sony is engaged in the development, design, production, manufacture, offer and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets such as network services, game hardware and software, televisions, audio and video recorders and players, still and video cameras, mobile phones, and semiconductors. Co. is engaged in the development, production, manufacture, and distribution of recorded music and the management and licensing of the words and music of songs as well as the production and distribution of animation titles. Co. is also engaged in the production, acquisition and distribution of motion pictures and television.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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