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Sony on Friday hiked its full-year operating profit forecast by 8% to 1.72 trillion yen ($10.72 billion), ‌citing the strength of its gaming business. The Japanese conglomerate has received ‌plaudits for its pivot to entertainment, but the market is concerned about the impact of ​AI and a memory chip price boom on its business. In the April-June quarter, ‌group operating profit rose 40% ⁠to 476.5 billion yen, beating analyst estimates, due to the strength of the gaming and image sensors businesses.

(Bloomberg) -- Sony Group Corp. raised its profit outlook after its lucrative content holdings generated continued growth, underscoring the entertainment group’s resilience in the face of rising component prices.Most Read from BloombergChip Stocks Post Biggest Advance Since April 2025: Markets WrapUS Strikes Iran Again as Conflict Spreads Across Middle EastBond Yields at 19-Year High Send Warsh Credibility WarningWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionMicrosoft’s $450 Bil

Sony Group has made ‌a proposal to ‌acquire Tamron Co, the Japanese ​camera lens maker said on Thursday, adding it has established a special ‌committee ⁠to review various options. Sony has made a ⁠non-binding proposal for a series of transactions ​to make ​Tamron ​a wholly ‌owned Sony subsidiary, the optical components manufacturer said in a statement. Tamron had a market capitalisation of $1.18 ‌billion at ​Wednesday's close.

The AI factory will provide the computing foundation to develop multimodal foundation models for physical AI.

The deal will give Sony Music Publishing ownership of works performed by Beyonce, Lady Gaga, Journey, Red Hot Chili Peppers and others.