Friday, March 14, 2014
All News Categories
Reviews Around the Web
DVD Media Formats
Optical Storage Software
News Around The Web
Tuesday, April 10, 2012
Sony Expects $6.4 Billion Net Loss
You are sending an email that contains the article
and a private message for your recipient(s).
(At the moment, only Text is allowed...)
Sony has revised its consolidated results forecast for the fiscal year ended March 31, 2012 from that expecting a record $6.4 billion net loss.
Sony expects to record an aggregate additional charge of approximately 300 billion yen in tax expense in the fourth quarter of the fiscal year, primarily due to the establishment of valuation allowances against certain deferred tax assets, predominantly in the U.S. This additional tax expense is a non-cash charge and does not have any impact on Sony?s consolidated operating income (loss) or cash flow.
Due to the recording of this additional tax expense, net loss attributable to Sony?s stockholders is expected to be significantly greater than the company's February forecast.
In a bid to ease investor concerns, the Japanese consumer electronics giant said it would bounce back and make an operating profit in the current year of 180 billion yen.
to axe 10,000 jobs according to media reports this week. The company has been hammered by weak demand for its televisions and competition from rivals such as Samsung.
Site best viewed at 1024x768+ -
1998-2014 - All rights reserved