Toyota reports larger-than-expected annual loss, forecasts even bigger losses this year

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.

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 $1 billion 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.

June 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.

August 4th, 2009 Toyota reports $819 million quarterly lossTOKYO — Booming sales of the Prius hybrid helped the world's No. 1 automaker Toyota deliver a smaller-than-expected 77.82 billion yen ($819 million) quarterly loss and narrow its forecast of red ink for the full year.

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.

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 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.

July 29th, 2009 Toshiba quarterly loss swells to $614 millionTOKYO — Toshiba's red ink swelled to 57.8 billion yen ($614 million) in the April-June quarter, hit by losses on asset sales and weakness at its consumer electronics and chipmaking businesses. The loss for the fiscal first quarter was five times bigger than a year earlier when the Japanese conglomerate, which makes everything from nuclear power plants to household electronics, recorded a 11.6 billion yen loss.

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.

August 3rd, 2009 Panasonic reports $558 million quarterly lossTOKYO — Panasonic is reporting a 52.98 billion yen ($558 million) loss for the fiscal first quarter as lower sales, falling gadget prices and retirement expenses offset cost cuts. Osaka-based Panasonic Corp.

May 13th, 2009 Toyota cuts annual production goal to 7-year lowTOKYO — Toyota Motor Corp. said Wednesday it will cut vehicle production 28 percent this year to its lowest level in seven years.

May 14th, 2009 Sony reports $1 bln annual loss, sees more red inkTOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.

May 14th, 2009 Sony reports $1B annual loss; sees more red inkTOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.

May 8th, 2009 Toyota projects losses on weak sales, strong yenTOKYO — Toyota Motor Corp., the world's top automaker, reports earnings for the fiscal fourth quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.