Sony Shares Soar Over 12% on PlayStation Gaming Profits

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  • #13085
    Super Harley



    Amazing turnaround over the past 10 years – I have bought my fair share of playstations in that time too!


    That monthly shows a great run / PlayStation has powered the move. Be interesting the new titles due out,


    Sony Pushes Nikkei average to the highest closing level in 21 years and four months

    The benchmark Nikkei 225 average jumped 408.47 points, or 1.86 percent, to end at 22,420.08, the highest level since July 1, 1996. On Tuesday, the key market gauge dropped 0.06 point.

    The Topix, including all first-section issues, closed up 20.75 points, or 1.17 percent, at 1,786.71, the best finish since July 10, 2007, after losing 4.88 points the previous day.

    The victory of Prime Minister Shinzo Abe’s ruling coalition in the Oct. 22 general election and brisk corporate earnings has also excited buyers.Chihiro Ota, general manager for investment research and investor services at SMBC Nikko Securities Inc., stressed that Wednesday’s main driving force was solid corporate performances, pointing to a “Sony surprise.”

    Active trading was led by the electronics maker, which surged in stock prices after its announcement on Tuesday of far-better-than-expected earnings, Ota said.
    Sony soared 11.44 points after announcing on Tuesday that it expects to post the highest group operating profit in 20 years for fiscal 2017.

    Semiconductor-related Tokyo Electron and Screen Holdings, airline JAL and power utility J-Power were buoyant after they revised up their earnings outlooks.

    The Japan Times

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