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makingmusic476 on 27 April 2009
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Spankey said:
NJ5 said:
Kasz216 said:
NJ5 said:
I don't think the two are related. Of course, SCE was always going to lose money since they barely broke even in the holiday quarter (with much higher sales than this quarter).

One positive thing for SCE is that the dollar/euro got a bit stronger during this quarter. Still, it won't be enough to make them profitable.

Didn't they say they were going to lose money?

Like they were forcasting some crazy huge loss.  That one would assume includes the game division.

They are forecasting a net loss of 150 billion yen and an operating loss of 260 billion yen (for the whole fiscal year, even though the first three quarters were profitable):

http://www.sony.net/SonyInfo/IR/financial/fr/viewer/08revision2/slide/image/04_image.jpg

These forecasts don't discriminate between divisions though... But one has to wonder how they could possibly be profitable after barely breaking even during the holiday quarter (other than some weird accounting).

 

 

How much of that (if any) relates to the 293 Million Euro 1st Q loss for Sony Ericsson?

Is it even counted?

edit: it seems it is - it's listed as an equity affiliate in their report (pg 2)

http://www.sony.net/SonyInfo/IR/financial/fr/08q3_sony.pdf

So the rest of the company must be doing relatively OK if the operating loss is only 260 billion yen (~220 million Euro)

The 260 billion Y loss is for the whole year, not just Q4.  That means their losses over Q3/4 had to offset their profits in Q1/2 plus an additional 260 billion Yen.