Sony said on Tuesday it sees its operating profit climbing 5% this business year on robust demand for its image sensors even as it forecast lower sales for its PlayStation 5 console.The Japanese entertainment and electronics conglomerate also said it would conduct a five-for-one stock split to expand its investor base and spend 250 billion yen ($1.

Sony Group Corporation saw its sales climb by 19% to JPY13.0 trillion in its financial year to March 2024, boosted by a sharp depreciation of the Japanese currency. Net profits for the group were down 3% to JPY971 billion.

Sony Group Corp. said it expects operating income of ¥1.28 trillion ($8.2 billion) in the year to March, missing analyst expectations for both profit and sales as PlayStation 5 hardware sales wane.