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Sony Says Profit to Quadruple This Year With Room for More

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Kazuo Hirai, leading Sony Corp. on a comeback after years of losses, is giving himself plenty of room to deliver more good news in the future.

The chief executive officer says operating profit will more than quadruple to 320 billion yen ($2.7 billion) this fiscal year. That forecast given Thursday is about 20 percent less than analysts projected as Sony tries to shake its years-long reputation for disappointing investors.