Sony Lost ¥520 Billion Yen in First Quarter, Making it Worst Quarter in Company History

Sony Lost ¥520 Billion Yen in First Quarter, Making it Worst Quarter in Company History
Yomiuri Shimbun: ソニーの赤字、創業以来最大5200億円
April 10, 2012

Today Sony revised its consolidated earnings estimate for the first quarter of 2012 downward; it estimated a ¥220 billion loss on February 2 but now foresees a ¥520 billion loss ($2.7 billion) for the period.

This makes it the worst quarter in the history of the company.

Yesterday, the corporation announced that it would lay off ten thousand people, about 6% of its work force.

Explore posts in the same categories: Business, Japan, Translations

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One Comment on “Sony Lost ¥520 Billion Yen in First Quarter, Making it Worst Quarter in Company History”

  1. Emmaus Road Projects Says:

    Another one bites the dust…The official figures weren’t announced to the TYO SX until just before close to prevent another plunge… Sharp also posted huge losses yesterday…With increasing labour costs in Thailand, many JP Tech firms are now considering other offshore options…Sad to say but it seems like Made in Japan has come full circle…


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