Japan’s Sony sees profit grow on demand for games, but quake damage still unclear

Sony Group Corp. reported a 32% profit increase in Q1 fiscal 2024, driven by strong performance in gaming, music, and imaging businesses, despite production disruptions from a 7.1 magnitude earthquake in Kumamoto, Japan. PlayStation 5 sales rose to 1.6 million units, and Sony projects a record annual profit of 1.2 trillion yen.