Sony’s profits rise on robust performance for music, movies, games

Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations.

Tokyo-based Sony Corp. said Wednesday that its annual profit totaled 1.14 trillion yen ($7.8 billion), up from 970.6 billion yen in the previous fiscal year.

Annual sales were virtually unchanged, inching down to 12.957 trillion yen ($88 billion) from 13.020 trillion yen.