Sony Corp. (SNE) said it expects to record an aggregate additional charge of around 300 billion yen in tax expense in the fourth quarter of the fiscal year ended March 31, 2012, 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, or loss, or cash flow.
Due to the recording of this additional tax expense, the company is revising its net loss attributable to Sony Corp.'s stockholders forecast for the fiscal year ended March 31, 2012. Net loss attributable to Sony Corp.'s stockholders is now projected to be significantly greater than the February forecast.
The company now expects full-year net loss attributable to Sony Corp.'s stockholders of 520 billion yen, compared to the earlier net loss forecast of 220 billion yen. However, Sony reaffirmed its sales and operating revenue outlook of 6.4 trillion yen.
For comments and feedback contact: editorial@rttnews.com
Business News
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.