Sony Profits Challenged by Weaker Emerging-Market Currencies
This article is for subscribers only.
Sony Corp. profits are challenged by weakening emerging-market currencies such as the Brazilian real and the Indian rupee that are cutting the value of overseas sales repatriated to Japan.
The world economy hasn’t improved to the level that’s “ideal” for Sony, Chief Executive Officer Kazuo Hirai told reporters in Tokyo today. Sluggish economies and falling emerging-market currencies are among its “major challenges,” he said.