Sony Group Corp. said Tuesday its net profit for the year ended March fell 3.5 percent from a year earlier to 970.57 billion yen ($6.2 billion), as profits in its financial business tumbled.

Sales grew 18.6 percent to 13.02 trillion yen for fiscal 2023, the tech conglomerate said.

For the business year ending March next year, net profit is projected to fall 4.7 percent to 925 billion yen on sales of 12.31 trillion yen, down 5.5 percent.

==Kyodo

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