TOKYO – Sony Corp.’s its fiscal third quarter profit jumped 62%, positioning the Japanese entertainment and electronics giant for a record annual profit as its bottom line got a healthy boost from its mega-hit animation film “Demon Slayer.”
Tokyo-based Sony reported Wednesday a 371.9 billion yen ($3.5 billion) profit for the October-December period, up from 229.5 billion yen a year earlier.
Sony’s video-games sector thrived as people stuck at home for the coronavirus pandemic turned to such entertainment content.
Sony’s quarterly sales edged up 9% to 2.7 trillion yen ($25.7 billion).
Sony also got a lift from the popularity of its PlayStation 5 console, which went on sale late last year, and did well in software and online-service sales, despite launch costs, the company said.
Sony has sold more than 4.5 million PlayStation 5 consoles, and more people were waiting to get the machines since production hasn’t kept up with demand, company officials told reporters.
Mobile games also did well. Movie releases lagged, with new films being postponed and theaters closed in some places due to coronavirus restrictions.
In Japan, movie theaters have stayed open with social distancing measures, helping “Demon Slayer” gain massive popularity amid a dearth of rival releases.