Sony Lifts Its Earnings Guidance, Encourages Our View Expecting Solid Demand for Its Image Sensors
Sony has revised its earnings guidance for fiscal 2017 (fiscal year ended March 2017) upward. While the company retained its revenue guidance, operating income increased to JPY 285 billion (3.8% operating margin) from JPY 240 billion (3.2% margin). The company is not providing a detailed breakdown by business segment at this point, but it mentioned that all business segments, except components, have seen an upward revision. As we anticipate that Sony’s operating profit will jump to JPY 505 billi...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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