Mitsui

Sony hikes forecasts on strong music business

Japanese electronics giant Sony yesterday upgraded its annual sales and net profit forecasts, driven by strength in its music business and favorable foreign exchange rates.

The conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen ($6.0 billion), up from a previous estimate of 840 billion yen.

The Prosecutor's Office Investigates NEC's Consultancy And Legal Services Contracts

The Prosecutor's Office is checking contracts that have been concluded by the National Electricity Company (NEC) with consultancy and legal service firms.

This was announced for FOCUS News Agency by Spokesperson for Prosecutor-General Rumyana Arnaudova.

Toshiba planning to sell TV business and Turkish, Chinese companies among potential buyers

Toshiba, which sold the first Japan-made color television in 1960, now appears to want to sell its TV business.

Some foreign buyers are said to be showing interest in taking over the unit, according to people familiar with the matter.

Potential bidders include Turkish home-appliance maker Vestel and a few Chinese rivals.

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