Sony Corp. (SNE,SON.L) posted third-quarter net loss attributable to the company's stockholders of 159 billion yen or 158.40 yen per share versus net income of 72.3 billion yen or 71.96 yen per share last year.
Sales and operating revenue for the three-month period declined to 1.82 trillion yen from 2.21 trillion yen in the year-ago quarter, mainly due to the impact of the floods in Thailand which began in October 2011, deterioration in market conditions in developed countries and unfavorable foreign exchange rates.
Going ahead, for the fiscal year ending March 31, 2012, the company now expects net loss attributable to its stockholders to be 220 billion yen.
Net loss attributable to Sony's stockholders is expected to deteriorate by 130 billion yen below the November forecast primarily due to lower income (loss) before income taxes compared to the November forecast.
Consolidated sales for the fiscal year are expected to be 6.4 trillion yen, slightly below the November forecast. This change is mainly due to lower expected sales, mainly in the CPS segment, resulting primarily from deterioration in the operating environment in developed countries.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.