Third Point Sells Sony Stake
Sony warned last month it would record a 230 billion yen ($2.14 billion) net loss in the fiscal year to March, more than four times its initial forecast. It blamed the poor results on its mobile phone business. The firm also said it would cut 15% of its ...
Sony raises its annual loss forecast 400 percent
For the fiscal year ended March 30th, 2015, the company expects to lose 230 billion yen, up from an already raised 50 billion yen forecast. Sony cited poor sales in its smartphone business, due to major competition in the space. "The new MRP (Mid-Range ...
Sony Raises Fiscal-Year Loss Forecast to Record $6.4 Billion
TOKYO -- Sony has revised its forecast for annual losses to a company record ¥520 billion ($6.4 billion) for the fiscal year ending March 31, due to a $3.7 billion tax charge on its U.S. assets. It's the company's fourth consecutive year of red ink.
Sony loss forecast hammers Japan's electronics shares
While not an issue of core profitability - it kept its forecast for a 95 billion yen operating loss - it nonetheless raises questions about ... to a February forecast for a record 780 billion yen net loss for the fiscal year just ended.