Sony Q1 numbers: 24.6 Billion yen loss (314 million dollars), cuts yearly forcasts

[Stefan.De.Machtige]

kowenicki said:

Stefan.De.Machtige said:

kowenicki said:

ethomaz said:

kowenicki said:

Just read this in the accounts...

Assumed foreign currency exchange rates: approximately 80 yen to the U.S. dollar and approximately 100 yen to
the euro. (Assumed foreign exchange rates for the current fiscal year at the time of the May forecast:
approximately 80 yen to the U.S. dollar and approximately 105 yen to the euro.)


So they have at least reduced their ridiculous expectaton back in may, BUT... Sony expectation for the currency for the rest of the year (July 1st to march 31st 2013) is:

Yen/Euro 100.

Hmmm??

Its been around 95 and 96 since July 1st.

Is that good or bad for Sony??? Euro is a little weak today.

bad... very bad.

Is that "Yen/Euro 100" their max or min value? What range are they playing?

Average for the year.  It's been way below that for the first 4 months of the year.

Currently 95.2 (down a fair bit today)

Sony lose 6bn yen of operating income for every 1 point drop.

Damn, what a point to price ratio. Kaz's blood pressure must fall or rise with the exchange rates.