Sony Game division made $375m profit (FY 2011)

[mike_intellivision]

Cobretti2 said:

mike_intellivision said:
Since the OP did not clarify, Sony's FY11 ended 31 March 2012.

Sony made money on gaming for the fiscal year ending 31 March 2012. But it has lost money on that division the last two quarters.

More importantly though, the entire company is awash in red ink and the gaming division is looked upon as a profit center in the current structure. So losing money is not a good thing.

Mike from Morgantown

The end of financial year, is that what the Japanese use to mark it? or is that an assumption people are using because in their country it is 31 March 2012?

Only reason I ask is because in Aus end of financial year is 30 June 2012.

Companies -- and governments -- are free to set their own fiscal years. For example, in the US, 46 states have a FY that ends 30 June. But the federal government FY ends 30 September. (I don't remember when the other four states end their years).

What is confusing is that the Sony fiscal year uses the name from its beginning point, rather than the end point that most people are used to seeing. However, given that nine months of this year were in 2011, it makes some sense to name it that way.