Sony will end this year in the red

The Japanese company specializing in electronics Sony has notified, Wednesday, November 2, now he expects to finish fiscal year from April 2011 to March 2012 on a large deficit.

Sony thinks finish the year with a net loss of 90 billion yen (820 million) with a turnover that may be less than 700 billion yen to that provided either 6,500 billion yen (59 billion euros) against 7 200 billion previously expected.

Sony, which has been financially affected by the disaster of March 11 in Japan in the first quarter, is certainly able to restore the situation on this component. But it is still strongly affected by the high cost of Japanese currency and lower rates of certain key products such as televisions. He is also concerned about the consequences of floods in Thailand, including delaying the launch of new cameras.

RESULTS lead by the TV industry

Sony also announced on Wednesday, finishing the first half of the year on a net loss of 42.48 billion yen (386 million). The sharp decline in sales revenue is mainly due to the negative impact of the rise of the Japanese currency vis-à-vis the dollar and euro on sales outside Japan.

A 80% turnover of the group comes indeed from abroad, and the rising yen has a huge impact on its accounts. In addition, the group is a victim of competition that brings down the prices of TVs, a business that fails to return, despite severe cost-cutting measures.