The company has cut down the number of PS5 units assembled for the fiscal year to about 15 million, from its previous target of 16 million units.
The development comes amid a global shortage of semiconductors which is impacting companies including Sony.
To be fair Sony said in October which was that it was on track to sell 14.8 million PS5 consoles this financial year, a target that considers the global shortages.
Sony's finance chief Hiroki Totoki said gaming firms' earnings were hit last year by stay-at-home demand during the depths of the COVID-19 pandemic. Since then, sliding PlayStation user numbers have stabilised.
Sony is partnering with TSMC to build a $7 billion chip plant in Japan to avoid these sorts of problems in the future.
Construction of the factory, which local media said last month would supply semiconductors to Sony's image sensor business, will begin in 2022, with production slated to begin at the end of 2024, the companies said in a press release.