TOKYO - Sony Group Corp. said Friday its net profit for the fiscal year ended March fell 3.4 percent to 1.03 trillion yen ($6.57 billion), partly weighed down by its recent decision to scale down joint venture operations with Honda Motor Co., but forecast a record-high profit for the current business year.
The Japanese entertainment giant the same day jointly announced with Taiwan Semiconductor Manufacturing Co. the signing of a nonbinding memorandum of understanding on a strategic partnership to develop and manufacture next-generation image sensors.
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