Sony has predicted lower than expected revenue for the year ending March 2017, as a knock on effect of an earthquake.
The entertainment and technology giant said its net income would fall by around 46% to ￥80 billion (£501 million) during the period. It forecast operating profits would rise 2.2% rise to￥300 billion (£1.87 billion), significantly lower than analysts’ estimates of￥409 billion (£2.55 billion).
In April an earthquake in the Kumamoto area of Japan halted production at a key manufacturing plant responsible for producing Sony image sensors used in Apple iPhones.
The earthquake, which killed 49 people, is not expected to impact Sony’s film division, which is forecast to generate profits of￥43 billion (£268 million) for the year, up more than 10%.
Sony’s earnings have been boosted in recent quarters by strong sales of its PlayStation 4 video games.