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

BenVTrigger on 22 January 2009
ymeaga1n said:
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



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johnsobas on 22 January 2009
BenVTrigger said:
ymeaga1n said:
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?)

 

 

right I get that but what i'm asking is if they posted a profit in Q1 and Q2 of this year then wouldn't all their losses have to come from Q3 and Q4?

they are forcasting a 1.7 billion dollar loss for the whole fiscal year, meaning the next 2 quarters have to erase that 530 million dollars in profit, plus another 1.7 billion on top of that.

 



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

FishyJoe on 22 January 2009
BenVTrigger said:

right I get that but what i'm asking is if they posted a profit in Q1 and Q2 of this year then wouldn't all their losses have to come from Q3 and Q4?

 

Most likely.



Galaki on 22 January 2009

Billion is the new Million. Chump change.



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shams on 22 January 2009

^ yeah, its crazy. Real crazy.

Easy solution - cut the price of the PS3! That will help...



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twingo on 22 January 2009
XxXProphecyXxX said:
Sigh....Very Bad indeed I just hope they can turn things around.

 

Really why ever care let alone worry, no chance in hell the J gov lets a corp that employs 150k go down.  They managed to keep crap like Mitsubishi motors aflot for all these years and that thing is a massive lost cause.

Also no worries they will call Obama and he will fix everything.



FishyJoe on 22 January 2009

Looks like they chopped off another 30 billion yen off the Game division's estimate.

In the Game segment, operating income (loss) is expected to be lower by approximately ¥30
billion. Of this, approximately ¥15 billion is due to the impact of the appreciation of the yen
and approximately ¥15 billion is due to lower-than-expected sales.



johnsobas on 22 January 2009

http://www.sony.net/SonyInfo/IR/financial/fr/08revision2_sony.pdf

"In the Game segment, operating income (loss) is expected to be lower by approximately ¥30 billion. Of this, approximately ¥15 billion is due to the impact of the appreciation of the yen and approximately ¥15 billion is due to lower-than-expected sales."

someone help me with the calculations here. How much did they lose already for the fiscal year in the game sector? How much does this project that they will lose in q3/q4?



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

XxXProphecyXxX on 22 January 2009

LOL OBAMA TO THE RESCUE!!!!



FishyJoe on 22 January 2009
johnsobas said:
http://www.sony.net/SonyInfo/IR/financial/fr/08revision2_sony.pdf

"In the Game segment, operating income (loss) is expected to be lower by approximately ¥30 billion. Of this, approximately ¥15 billion is due to the impact of the appreciation of the yen and approximately ¥15 billion is due to lower-than-expected sales."

someone help me with the calculations here. How much did they lose already for the fiscal year in the game sector? How much does this project that they will lose in q3/q4?

 

Well, they chopped off $300 million in October, now they chopped off another $300+ million. So it's not looking good. We'll find out when they release earnings on Jan 29.