Sony hits 5-year high, sees game unit loss shrink

[MikeB]

"The Japanese electronics and entertainment giant's stock closed up 2.6 percent at 6,630 yen after climbing as high as 6,750 yen, a level last seen in June 2002. The benchmark Nikkei average closed down 0.17 percent.

Sony expects its game segment to post an operating loss of about 50 billion yen ($414 million) in the year to next March, down from a 232 billion yen loss in 2006/07, Senior Vice President Takao Yuhara told a group of reporters on Thursday."

Reuters

For last year Sony's group net profit rose slightly to 126.3 billion yen (up 2.2%).

http://www.sony.net/SonyInfo/IR/financial/fr/viewer/06q4/