Tokyo stocks lose 4 percent on Sony’s expected operating loss

December 23rd, 2008 TOKYO - Stocks in Tokyo opened lower Wednesday, after Toyota Motor Corp, Japan's largest automaker, projected its first operating loss in 71 years for the current business year. Following a slump on Wall Street which was dragged down by falling US home prices, the benchmark Nikkei 225 Stock Average was down 234.83 points, or 2.69 percent to 8,488.95.

January 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.

January 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.

May 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.

January 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.

May 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.

February 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.

May 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.

July 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.

May 8th, 2009 Toyota sees losses growing this yearTOKYO — Toyota is reporting a 436.94 billion yen ($4.41 billion) net loss for the fiscal year through March, a larger loss than it had forecast and its worst result in company history. Worse may be yet to come.

May 14th, 2009 Sony reports $1 billion yen annual lossTOKYO — Sony Corp. reported Thursday a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years, and forecast its red ink to swell this year amid a serious downturn in global electronics demand.

May 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.

January 28th, 2009 TOKYO - Toshiba Corp Thursday projected that the company will record a 280 billion yen ($3.11 billion) in net and operating loss in fiscal 2008 as flash memory prices were slumping and global economic situation worsening. If that proves to be the case, the predicted loss will be the first since fiscal 2001.

May 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.

February 27th, 2009 TOKYO - Sony Corp's president is to resign in April as the company was forecasting a record loss in the current business year because of a surge in the yen's value and declining sales, it said Friday. The Japanese electronics giant announced that Ryoji Chubachi would step down and chairman Howard Stringer would serve in both posts as the firm seeks to achieve a recovery in its core electronics business.