Report: Sony to shut Japan TV plant, cut financial forecast

21.01.2009

In October Sony said it expected to report sales of ¥9 trillion (US$102.5 billion), an operating profit of ¥200 billion and a net profit of ¥150 billion, but the company is expected to revise the operating profit outlook to a loss, according to the Nikkei.

Operating income, which more closely tracks performance of the core business than the more general net income, will be a loss of more than ¥100 billion, the newspaper said. If true, it would be only the second operating loss for Sony since it debuted on the Tokyo stock market in 1958.