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Sony Corp. Chairman Howard Stringer said the company's top management priority is ``to restore profitability in our television and game businesses,'' both of which lost money last fiscal year.

Last month Sony predicted its games unit will post its first annual profit in three years after reducing the cost of making PlayStation 3s. Under Stringer, the PlayStation division lost $3.4 billion in the past two years after its flagship player was outsold by Nintendo Co.'s Wii. Chief Financial Officer Nobuyuki Oneda said in May Sony's TV business had a 73 billion yen ($678 million) loss in the year ended March 31.
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