By Yuri Kageyama, Business Writer
TOKYO (AP) --Japanese electronics and entertainment company Sony Corp.'s net profit rose 32 percent in the last quarter, helped by healthy video game sales and its financial services business, the company said Tuesday.
Tokyo-based Sony's profit totaled 173 billion yen ($1.5 billion) in July-September, up from 131 billion yen the year before.
Quarterly sales totaled 2.18 trillion yen ($19.3 billion), up from 2.06 trillion yen.
Sony's popular mobile-game application "Fate Grand Order" and favorable revenue in Sony's insurance business helped boost profits, the maker of PlayStation video game machines said.
Robust image sensor sales of image sensors also helped offset restructuring costs in its movies division, the studio behind the Spider-Man films, and falling smartphone sales in Europe and Latin America.
In recent quarters, Sony's PlayStation 4 video game operations, especially software sales, have been doing well.
Sony raised its full year profit forecast through March to 705 billion yen ($6.3 billion) from an earlier 500 billion yen ($4.4 billion).
SMPTE elects board officers, regional governors
SMPTE®,the home of media professionals, technologists, and engineers, has revealed the board officers and regional governors who will serve terms beginning in January 2025.
Three new officers--Richard Welsh as SMPTE president, Eric Gsell as SMPTE executive VP, and Polly Hickling as SMPTE Education VP--have been elected for a two-year term from Jan. 1, 2025, to Dec. 31, 2026. One SMPTE officer, Lisa Hobbs, will be continuing her service as SMPTE secretary and treasurer for another two-year term. Additionally, Raymond Yeung will be stepping into the role of standards VP on Jan. 1, 2025.
“SMPTE’s membership has spoken,” said SMPTE interim executive director Sally-Ann D’Amato. “These officers have been tasked with an important responsibility, one each of them is prepared to tackle head-on. These next two years are looking bright for SMPTE!”
In addition to the officers, 10 regional governors were elected by the Society to serve two-year 2025-2026 terms.
These include the following regional governors, re-elected to continue their service:
Asia-Pacific Region Governor
Tony Ngai, Society of Motion Imaging Ltd.
EMEA - Central & South America Region Governor
Fernando Bittencourt, FB Consultant
United Kingdom Region Governor
Chris Johns, Sky UK.
USA - Central Region Governor
William T. Hayes, Consultant
USA - Eastern Region Governor
Dover Jeanne Mundt, Riedel Communications
USA - Western Region Governor
Jeffrey F. Way, Open Drives
Also elected were four newcomers to the SMPTE Board:
Canada Region Governor
Jonathan Jobin, Grass Valley
USA - Hollywood Region Governor
Allan Schollnick, Voxx... Read More