Sony Corp returned to profit in the last quarter showing its marathon restructuring is beginning to produce results. It reported a 33.6 billion yen ($278 million) profit for the second quarter, compared with a loss of 136 billion a year earlier. Sales dropped 0.5 percent to 1.89 trillion yen ($15.6 billion).
Sony’s Xperia mobile phones still struggle in a market dominated by Apple and Samsung but Sony did well in devices, in addition to games, home audio equipment and cameras. It stuck to its annual forecast of a 140 billion yen ($1.2 billion) profit, a reversal from a 126 billion yen loss the previous year.
Sony’s film division, though, lacked hits while music did well.
Sony said it was in talks with Toshiba to acquire some of Toshiba’s semiconductor manufacturing plants, equipment and related assets in Japan, which will allow Sony to beef up production of image sensors.