Thu, Jul. 30, 5:34 AM
Thu, Apr. 30, 3:16 AM
- Sony (NYSE:SNE) had another rough year in fiscal 2015 as it dealt with problems in its troubled smartphone business and a number of hacking attacks.
- The company posted a net loss ¥126B, in line with guidance, but its sixth net loss in seven years.
- With CEO Kazuo Hirai spearheading a plan to rebuild the company around its Hollywood studio, videogame division and image sensor unit, Sony expects to post net income of ¥140B this year, although it still anticipates sales to slip.
Sun, Apr. 26, 6:14 AM
- Sony (NYSE:SNE) has again raised its operating profit estimate for fiscal 2015, the Nikkei reports, upping its forecast for the third time in three months.
- Due to expectations for higher display sensor and Playstation console sales, the company now anticipates operating profit of ¥300B ($2.52B) - four times its previous estimate and its highest earnings since 2008.
- Sony also expects earnings for fiscal year 2016 to improve as its restructuring costs decline.
- Previously: Sony raises forecast for full-year profit (Apr. 22 2015)
Wed, Feb. 18, 2:48 AM
- Compared with its operating profit forecast of ¥20B this year, earnings will reach ¥500B ($4.2B) starting in fiscal 2017, announced Sony (NYSE:SNE) Chief Executive Kazuo Hirai today. The company is also targeting a boost in its return-on-equity to above 10%.
- The profit increase will be driven by Sony's turnaround with games, image sensors and entertainment, while cutting back on loss-making products including TVs and smartphones.
- However, Sony still expects to report a net loss this year on a writedown of its smartphone unit.
- SNE -6% AH
Wed, Feb. 4, 3:07 AM
- Sony (NYSE:SNE) says its net loss for 2014 is likely less than previously forecast as higher-than-expected sales of its image sensors and PlayStation 4 products helped lift its Q3 profit.
- The company now forecasts a preliminary full-year net loss of ¥170B, narrower than its October forecast for a net loss of ¥230B.
- Preliminary results also show that net profit more than tripled during the quarter to ¥89B from ¥26.4B a year earlier, although Sony wasn’t able to complete its books for its Hollywood studio division due to the recent cyber attack.
Tue, Feb. 3, 5:30 PM
Fri, Jan. 23, 4:47 AM
- Sony (NYSE:SNE) will delay the official submission of its third-quarter results due to the massive cyber attack on Sony Pictures, and has asked financial regulators to extend the filing of its report to Mar. 31 from Feb. 16.
- The company will still hold a news conference on Feb. 4, the originally scheduled date of its results announcement, to give updated financial forecasts for the quarter.
Nov. 25, 2014, 3:11 AM
- At an investor conference in Tokyo today, Sony (NYSE:SNE) said it expects revenue for its electronic devices division to rise up to 70% over the next three years, to as much as ¥1.5T ($12.7B), as it works through an extensive restructuring plan at its declining TV and smartphone units.
- Sony didn't issue new targets for its smartphone division, but said it planned to issue guidance by the end of March 2015.
- The firm is also targeting a profitable business structure for its TV business, even if sales were to slide between 20%-30% over the next three years.
- SNE +1.3% AH
Oct. 31, 2014, 4:29 AM
- Sony's (NYSE:SNE) losses ballooned to ¥136B yen ($1.2B) in its fiscal Q2 as the electronics and entertainment giant's troubled mobile phone division reported huge red ink.
- Losses were still narrower than analysts estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of its sluggish smartphone division.
- Sony lowered its smartphone sales outlook to 41M handsets from 43M, but is still sticking to its full-year net loss forecast of ¥230B.
Oct. 30, 2014, 5:30 PM
Sep. 17, 2014, 4:54 AM
- Sony (NYSE:SNE) is warning of a ¥230B ($2.2B) net loss for its current fiscal year, compared with its previous forecast for a ¥50B loss, after being hit with a ¥180B ($1.7B) impairment charge in its mobile communications segment.
- In addition, the Japanese electronics maker says it will also not pay a dividend this business year.
- The announcement marks the sixth downward revision under CEO Kazuo Hirai, who promised to revive the firm's troubled electronics division when appointed to the post in 2012.
Jul. 31, 2014, 3:19 AM
- Sony (NYSE:SNE) reports FQ1 Diluted EPS of ¥22.94, Net Income of ¥26.8B.
- Sales at ¥1809.9B (+5.8% Y/Y) reflecting increase in Game &Network Services and Pictures segment partially offset by significant decrease all other sales related to exit from the PC business.
- The company maintained guidance net loss of ¥50B, net sales of ¥7.80B.
- Press Release
May 14, 2014, 6:41 AM
- Sony (SNE) is lower by 5.1% in premarket action after reporting a net loss of ¥138B (¥93,2B profit a year ago) in FQ4 on sales of ¥1,870.9B (+8.1% Y/Y), and guiding to a net loss of ¥50B for the full fiscal year ending next March.
- It will be narrower than the ¥128.7B loss reported for this fiscal year, but weaker than analyst estimates for a profit of ¥59B. The news isn't completely unexpected as Sony has repeatedly lowered guidance in recent weeks.
- The culprit looks to be continued restructuring costs stemming from the sale of the PC business and "other strategic initiatives." Bright spots: 50M smartphone sales are expected, up from 39M; PS4 sales forecast of 17M is up from 14.6M.
- Press Release
May 13, 2014, 5:30 PM
May 1, 2014, 3:30 AM
- Sony's (SNE) preliminary fiscal-year net loss was ¥130B ($1.3B), 18% above a February forecast of ¥110B and far worse than the company's even earlier FY guidance for a profit of ¥30B. In FY 2013, Sony made a profit of ¥43B.
- Operating profit ¥26B vs a prior prediction of ¥80B and ¥230B in FY 2013.
- Sony will book additional costs of ¥30B for its PC unit, which the company is selling, and ¥25B of charges for its overseas disc manufacturing operations amid falling demand.
- On the brighter side, FY sales rose a preliminary 14.3% to ¥7.77T, higher than a previous forecast of ¥7.7T. (PR)
Feb. 6, 2014, 2:37 AM
- Sony (SNE) swung to a net profit of ¥27B ($257M) in FQ3 from a loss of ¥10.8B a year earlier but surprisingly forecast a loss for the year due to a major restructuring.
- Revenue rose to ¥2.41T from ¥1.95T.
- Operating profit +95% to ¥90.3B, beating consensus of ¥71.9B
- Sony intends to spin off its flagship TV business, which has lost $7.5B over the past decade, into a separate wholly owned unit by July this year.
- Sony has also agreed to sell its struggling Vaio PC business to restructuring specialists Japan Industrial Partners, although Sony will initially retain a 5% stake in the unit.
- In addition, Sony intends to cut 5,000 jobs by the end of the year as part of a plan to save ¥100B a year in fixed costs.
- The company will take take restructuring charges of ¥70B this FY, up ¥20B from a forecast in October. As a result, the firm projects a fiscal-year loss of ¥110B after earlier predicting a profit of ¥30B.
- Press releases: Earnings; TV spin-off; Vaio sale
SNE vs. ETF Alternatives
Sony Corp is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets as well as game consoles and software.
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