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TOKYO: The Sony Group posted a record annual profit on Friday on strong performances in its music and microchip divisions, but the company forecasts a smaller annual profit through next March.

The Japanese electronics and entertainment conglomerate’s operating profit totaled ¥1.21 trillion ($8.96 billion) in the year ended March 31, up 0.5% from the year.

Sony expects operating profit to fall 3.2% to 1.17 trillion yen this fiscal year. That equates to analysts’ expected average earnings of ¥1.275 trillion, according to Refinitiv data.

($1 = 135.0400 yen) Sony posts record annual profit driven by chip, music unit

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