Japan's top chipmaker Toshiba posts record annual loss of $3.5 billion amid sinking demandMay 8th, 2009 Japan's top chipmaker Toshiba posts record lossTOKYO — Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Nikkei falls nearly 4 percent on Sony's projected lossJanuary 22nd, 2009 TOKYO - Japan's key Nikkei 225 Stock Average extended its losses Friday to a two-month low after Sony Corp announced a projected record operating loss for fiscal 2008. The Nikkei index tumbled 306.49 points, or 3.81 percent, to close at 7,745.25, and the broader Topix index of all first section issues was also down 22.36 points, or 2.81 percent, at 773.55.
Mobile phone maker Sony Ericsson posts 2Q net loss of €213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Mobile phone maker Sony Ericsson posts 2Q net loss of euro213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Sony incurs first net loss in 14 yearsMay 14th, 2009 TOKYO - Sony Corp suffered its first annual net loss in 14 years as the yen's rise against the dollar and harsh price competition amid the global economic downturn drove consumers away, the company said Thursday. Sony reported 98.9 billion yen ($1.03 billion) in net loss for the fiscal 2008 year against a 369.4-billion-yen net profit the year before.
Toyota predicts net loss in current fiscalFebruary 5th, 2009 TOKYO - Toyota Motor Corp, the world's largest automaker, Friday slashed its earnings prognosis for the third time, now predicting a net loss of 350 billion yen ($3.8 billion) for the business year that ends March 31. The worldwide downturn has hit Toyota harder than expected.
Sony reports 37.1 billion yen loss first quarter, keeps forecast for more red inkJuly 30th, 2009 Sony reports quarterly loss, expects more red inkTOKYO — Sony Corp., maker of the hit PlayStation game console, reported a smaller-than-expected quarterly loss but maintained its forecast for more red ink as it takes a beating from the strong yen and slumping global electronics sales. The Japanese electronics and entertainment company said Thursday its net loss for the fiscal first quarter was 37.1 billion yen ($390.5 million) compared with a 35 billion yen ($368.4 million) profit in the April-June period a year earlier.
Sony may suffer first operating loss in 14 yearsJanuary 12th, 2009 TOKYO - Japanese electronics giant Sony is expected to suffer an operating loss of about 100 billion yen ($1.12 billion) in the fiscal year ending March 31, 2009, its first loss since 1995, media reports said Tuesday. The projected loss, apparently because of a strong yen and sluggish sales of flat-screen televisions and other products, marks a major turnaround from a projection last October of an operating profit of 200 billion yen, Kyodo News reported citing sources.
Tokyo stocks lose 4 percent on Sony's expected operating lossJanuary 12th, 2009 TOKYO - Stocks lost more than 4 percent in Tokyo Tuesday as market sentiment was dampened by media reports on speculation that Sony Corp would incur an operating loss for the fiscal year. The Nikkei 225 Stock Average tumbled 380.32 points, or 4.3 percent, to end the morning session at 8,456.48.
Sony reports 98.9 billion yen loss for fiscal year amid global slumpMay 14th, 2009 Sony reports 98.9 billion yen annual lossTOKYO — Sony is reporting a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years. The Japanese electronics and entertainment company says Thursday its global sales fell 12.9 percent for the year amid the economic downturn.
Toyota reports worst annual loss since its 1937 founding _ and sees more red ink aheadMay 8th, 2009 Toyota sees losses deepening this yearTOKYO — Toyota Motor Corp. said it sank into a 765.8 billion yen ($7.74 billion) net loss for the January-March quarter, bringing its loss for the full fiscal year to a bigger-than-expected 436.94 billion yen — its worst annual loss ever.
Founding family member takes over Toyota to revive businessJune 23rd, 2009 TOKYO - Akio Toyoda Tuesday was confirmed as president of Toyota Motor Corp at a shareholders' meeting in the central Japanese city of Toyota, the headquarters of the world's leading carmaker. While a record 3,364 shareholders attended the meeting, the 53-year-old member of the founding family took over at a time Toyota has been suffering its first annual losses in more than 70 years of company history.
Toshiba to have new presidentMarch 18th, 2009 TOKYO - Toshiba Corp. said Wednesday it will promote Norio Sasaki, corporate senior executive vice president, to president and CEO in June, replacing Atsutoshi Nishida in a bid to better cope with the economic slump.
Sony's net profit down 94.8 percent in October-December periodJanuary 28th, 2009 TOKYO - Sony Corp Thursday reported its net profit plunged 94.8 percent in the October-to-December quarter to 10.4 billion yen ($116.37 million) because of a strong yen and dwindling demand for electronics. The earnings compared with a 200.2 billion yen net profit from the same quarter a year earlier.
Panasonic incurs first annual loss in six yearsMay 15th, 2009 TOKYO - Panasonic Corp suffered its first annual loss in six years because of shrinking demand and harsh price competition amid the global economic downturn, the company said Friday. Panasonic joined other Japanese electronics' companies in reporting a net loss for the year that ended March 31.
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