Sony Had an Awful Fiscal Year

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SonySony announced its financial results for its fiscal year ended March 31, 2012. Sony Reported a far more brutal loss than last year, but total game-related hardware and software sales appear to have fallen only slightly. Read on for more details...
For its fiscal year ended March 31, 2012, Sony reported a net loss of ¥456.7 billion (around $5.569 billion) compared to a net loss in the previous year of ¥259.6 billion. Sony continues to blame the poor results on "unfavorable foreign exchange rates," as well as the recent enormous earthquake in Japan and floods in Thailand.

Things are a little more confusing than they used to be in Sony's financial reports, now that games have been consolidated with televisions into the division known as Consumer Products & Services ("CPS"), containing "televisions, home audio and video, digital imaging, personal and mobile products, and the game business."

CPS reported revenues of ¥3.14 trillion (around $38 billion) compared to revenues in the previous year of ¥3.85 trillion. This resulted in an operating loss of ¥ 229.8 billion (around $2.8 billion) compared to operating income of ¥ 10.8 billion in the previous year. Every contributing product in CPS appears to have suffered, but Sony blamed game business shortfalls on PlayStation 3 price cuts and abandonment of the PlayStation 2. Specifically, game sales and operating revenue for the year was ¥744.3 billion, compared to ¥798.4 billion in the previous year.

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This page contains a single entry by Editor published on May 10, 2012 4:15 PM.

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