Sony has doubled its predicted earnings for the fiscal year ending March 2013, doubling its net profit forecast to 40 billion yen ($403m/£261m).

　　The Japanese firm cites the weakening performance of the Yen as a major factor to the increase, which increases the company's earnings when its revenue in other currencies is converted.

　　The BBC notes that, since December 2012, the yen has lost roughly 15 percent of its value against the US dollar.

　　Sony's original forecast assumed a foreign currency exchange rate of 88 yen to one dollar, whereas the average rate over the past three months has been 92.4 yen to one dollar.

　　The company also said its financials would get a boost from the sale of office space in New York and Osaka.

　　Sony will announce its full earnings report on May 9.

　　You need a javascript enabled browser to watch videos.

　　Click To Unmute

　　PlayStation 4: Everything You Need To Know

　　How Alan Wake II Made Me Face My Fear of Horror Games

　　GameSpot's Top 10 Games of 2023Thompson: The Pop Culture Icon’s Strange Legacy - LoadoutFirearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreTop New Video Games Out On PS5, Series X/S, Switch, And PC This Month -- November 2020Top New Video Games Out On Switch, PS4, Xbox One, And PC This Week -- October 25-31, 2020Top New Video Game Releases On Switch, PS4, Xbox One, And PC This Week -- October 18-24, 2020Top New Video Games Out On Switch, PS4, Xbox One, And PC This Week -- October 11-17, 2020Top New Video Game Releases On Switch, PS4, Xbox One, And PC This Week -- October 4-10, 2020Top New Video Games Releasing On Switch, PS4, Xbox One, And PC This Month -- October 2020

　　Share

　　LinkEmbed

　　Size:640 × 360480 × 270

　　Start at: End at: Autoplay Loop

　　Want us to remember this setting for all your devices?

　　Sign up or Sign in now!

　　Please use a html5 video capable browser to watch videos.

　　This video has an invalid file format.

　　00:00:00

　　HTML5

　　Auto HD High Low

　　Report a problem

　　Sorry, but you can't access this content!

Please enter your date of birth to view this video

　　By clicking 'enter', you agree to GameSpot's

　　Terms of Use and Privacy Policy

　　enter