Sony Corp's music division recorded a $396m (£254.4m) operating profit in the fiscal year ended March 31, 2013, representing marginal YoY growth. The figure increased by 0.3 billion yen (+0.9%) year-on-year.

Sales across the Music* business were also flat, down 0.2% to $4.69 billion (£3bn) in the year - a 4% decline on a constant currency basis.

Sony blamed the slight sales dip on "continued worldwide contraction of the physical music market and the impact of a larger number of ...