Sony said Thursday its nine-month net profit to December fell 80.7 percent largely on a strong yen and a nearly $1 billion write-down in its movie business.

The Japanese electronics giant, which has been shedding assets as part of a broad restructuring, said it had 45.6 billion yen ($405 million) net profit for the April-December period, compared with 236.1 billion yen seen the year before.

Sony also said it lowered its annual net profit forecast to 26 billion yen, down sharply from an ealier projection of 60 billion yen.