Japanese entertainment and electronics giant Sony on Wednesday reported an 18 percent jump in annual net profit but issued a cautious forecast for the current financial year. The firm logged a net profit of 1.

Sony said on Wednesday it expects operating profit to rise 0.3% to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion yen hit from U.S. President Donald Trump's trade war.

Tao said the company has been diversifying its production sites for the PlayStation 5 and building inventory in the U.S. to deal with tariffs. She said the PlayStation and related