Sony Reports ¥98.9 Billion Loss

Author Hugo Jobling
Published 14th May 2009
Sony Reports ¥98.9 Billion Loss
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Confirming earlier rumours, Sony has posted its last financial year's results which, as predicted, show Sony's first loss in 14 years - ¥98.9 Billion.


To Sony's credit, perhaps, that is better than its last forecast, which warned the loss could be closer to ¥150 billion. Nonetheless, it's still a notable fall from the last financial year's ¥369 billion profit. The fall is blamed, not unrealistically, on "factors including the slowdown of the global economy, the appreciation of the yen and the decline in the Japanese stock market."

Notable areas of what I'll call 'less that desirable' performance were Sony's Games and Electronics divisions and Sony Ericsson. Sony Pictures managed to turn a profit, though.

Sony is hardly alone in being hit by the global recession. It's how the company comes out the other side that will be most interesting to see.

Sony Investor Relations.

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Latest 4 of 11 Comments

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comment ffrankmccaffery said on 15th May 2009

Hardly a surprise when you have a former record company executive as your boss. Expect more losses as this man pushes through his ideas of transforming sony into a "contents d... more

comment Hugo said on 15th May 2009

Since when was Sir Howard Stringer a record company boss? Because I'm pretty sure CBS has never published music.

comment ffrankmccaffery said on 15th May 2009

Hugo: cbs ofcourse doesnt publish any music but sony does and thats where stringer began his career with them.

comment Andrew said on 10th July 2009

Ahlan: Do you work for sony's PR dept or something?

Xbox division may have lost 7 billion US, but Sony made a "150 billion yen ($1.5 billion) net loss for... more

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