Grooski on 23 May 2011
Guys, it is not a doom and gloom story. Deferred tax assets.
Sony has essentially prepaid some of their taxes for the next 3-5 years. Given the PSN and earthquake debacles, its probably the best time for them to do so, that and regulatory requirements require them to.
The underlying result is essentially a 100 billion yen operating profit (around US$1billion) although they didn't quite hit expected revenue and profit levels. As a result market will be slightly down.
