SONY CORP FY11-12 NET LOSS AT JPY 456.7 b vs prv LOSS OF JPY 259.6 b

Sony Corp – Co. reported FY11-12 net loss of JPY 456.7b vs. previous JPY 259.6b in FY10-11. Operating loss for FY11-12 at JPY 67.3b vs. estimated JPY 95b. Co. forecasted an operating profit of JPY 180b for FY12-13 vs. estimated JPY 173b; while FY12-13 net profit forecasted at JPY 30b. According to Fitch rating agency co.’s profits will remain under pressure due to falling demand in Europe and stronger Yen. (BBC/Reuters)

Categories: Asian Earnings, Earnings

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