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Ouch - operating income for the last qrt for down 90% on last year! A lot of this was because they sold their HQ last year, for a one-off profit of 60bn yen (about half the profit) - but a lot of the rest was their financial segment dragging the company down.

Income before tax was down 95% on previous year!

...

Their sales forecast hasn't dropped by much - in fact their overall sales projection has barely budged (around 2% down).

I can only think its losses from the financial segment for the entire FY eating into profit for the entire company.

Bravia sales forecast down around 5% - not much at all.

...

This says it all:

Foreign exchange rates impact:approx.-130 bln yen
Stock market decline:approx.-60 bln yen
SONY BMG becoming wholly owned:approx.+ 10 bln yen
Slowing economy & intensification of price competition:approx.-90 bln yen
Total approx.-270 bln yen

 



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