Breaking News: Sony swings to $1.4 bn full-year profit as PlayStation sales soars

Japan’s electronics giant Sony president Kazuo Hirai speaks at a press conference to announce the company’s new business strategy, at the company’s headquarters in Tokyo on February 18, 2015. Sony sets a target for consolidated operating profit of more than 500 billion yen (4.2 billion USD) for the Sony Group in the 2017 fiscal year. AFP PHOTO

TOKYO , Japan (AFP) — Sony on Thursday posted a full-year profit of $1.4 billion, as strong sales of its PlayStation video games console helped it move past years of losses.

The Japanese giant said its net profit came in at 147.8 billion yen ($1.4 billion) for the fiscal year to March, reversing a 126.0 billion yen loss a year earlier.

But it held off giving a forecast for the current year as it assesses the impact of this month’s deadly quakes in southern Japan, which led to some temporary plant closures.

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