Report: Sony to report operating loss this year

Sony is set to report an operating loss for the current fiscal year, only the second since it listed on the Tokyo market in 1958, according to a Nikkei report.

Sony is set to report an operating loss for the current fiscal year, only the second since it listed on the Tokyo stock market in 1958, according to a report in the Tuesday morning edition of The Nikkei business daily.

Hit by recession in many of its biggest markets, a strong yen that makes its products more expensive overseas and tough price competition in major product sectors, the company is set to report an operating loss of around ¥100 billion (US$1.1 billion) based on current data, according to the report. The loss could be as much as double that if inventories rise in the January to March quarter, the newspaper said.

Sony's financial year runs from April to March and it's most recent financial forecast, reaffirmed in late October, was for an operating profit of ¥200 billion on revenue of ¥9 trillion. Operating income more closely tracks performance of the core business than the more general net income.

In its previous financial year Sony reported an operating profit of ¥374 billion on revenue of ¥8.9 trillion. Net profit stood at ¥369 billion for the period.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags sonyrecession

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?