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Forums - Sony - Breaking News: Sony to post massive $1.7 billion loss

BenVTrigger on 22 January 2009
johnsobas said:
how much did they make the first 2 quarters of the fiscal year?

i may be incorrect but I don't think Sony posted a profit for any quarter this year

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johnsobas on 22 January 2009

no they posted a profit the first 2 quarters.



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

ymeaga1n on 22 January 2009

Sony 2008 Q1 = $330 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q1_sony.pdf )

Sony 2008 Q2 = $200 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf )




johnsobas on 22 January 2009

So in other words they are expecting a 2.23 billion dollar loss in the next 2 quarters?



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

BenVTrigger on 22 January 2009
ymeaga1n said:

Sony 2008 Q1 = $330 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q1_sony.pdf )

Sony 2008 Q2 = $200 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf )


ah thank you. Like i said i wasn't sure. So that means that they lost that much money in only 2 quarters? cause thats kinda insane.

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Madanial on 22 January 2009

Even i'm not Sony fan but this news still hurt my feeling.Because it means many worker'll be fired to decrease company's expense.

I hope they'll find a right way to regain their money soon. :(



ymeaga1n on 22 January 2009
BenVTrigger said:
ymeaga1n said:

Sony 2008 Q1 = $330 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q1_sony.pdf )

Sony 2008 Q2 = $200 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf )

 

ah thank you. Like i said i wasn't sure. So that means that they lost that much money in only 2 quarters? cause thats kinda insane.

No. They're year is over at end of March. It was just the end of their Q3 on Dec 31. What they are saying is they are forecasting that they will lose $1.7 billion when the books close on March 31. It could even be worse than $1.7 billion at that point. Seeing how companies take optimistic approach, this might be likely.

(http://www.sony.net/SonyInfo/IR/financial/fr/08revision2_sony.pdf <~~ See the -150 billion yen figure under the revised forecast?)

 




--OkeyDokey-- on 22 January 2009
Maynard_Tool said:
=)

Fixed :P



XxXProphecyXxX on 22 January 2009

Sigh....Very Bad indeed I just hope they can turn things around.



FishyJoe on 22 January 2009

What's really remarkable is they are posting a 260 billion Yen operating loss. In October they forecast a 200 billion Yen operating profit. That a change of 460 billion yen, yow!