Sony Corp. said Thursday it has set up a $100 million (10.7 billion) fund to help the medical, education and entertainment sectors in and outside Japan fight the global spread of the new coronavirus.

The fund is mainly for medical workers fighting the virus and children and educators working online due to school closures, as well as artists and creators hit by cancellation or postponement of events or suspension of film productions, Sony said.googletag.cmd.push(function() { googletag.display('div-gpt-ad-1499653692894-0'); });

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Sony said of the fund that $10 million will first be devoted to the World Health Organization, Medecins Sans Frontieres, U.N. Children's Fund and the Office of the U.N. High Commissioner for Refugees to assist medical workers on the front line responding to the virus.

TOKYO: Sony said today its net profit surged 53.3% in the first quarter, but warned annual profits were likely to see double-digit falls as the coronavirus pandemic continues to cloud the forecast.

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Japanese electronics and entertainment company Sony Corp. warned Tuesday that forecasts and results were at risk because of the new virus in China, as it reported a drop in fiscal third quarter on stumbling video game, networking and film businesses.

Tokyo-based Sony, which makes PlayStation video-game consoles, Bravia TVs and Spider-Man films, said the impact of the virus was unclear, but production and sales of its image sensor division were at risk. The company promised to release any new forecasts as soon as possible.

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