Sony Corp, the world's largest consumer electronics maker, on Thursday forecast a fall in profits for the current business year as consumer demand stalled.

For the year that started on April 1, Sony projected a net profit of 50 billion yen ($415 million).

That is less than half the worse-than-expected net profit of 115.52 billion yen ($963 million) it unveiled Thursday for the year just ended on March 31.

The forecast is also well below analysts' consensus forecasts of 180 billion yen, according to estimates compiled by Reuters Research.

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