Sony Corp. Braced For Billions In Losses Japan's largest exporter of consumer electronics is expecting a loss of more than $3 billion for the fiscal year that ended in March. The company had earlier projected a return to profit. Sony blamed the loss on the impact of the earthquake and tsunami that struck Japan in March. Official earnings are expected later this week.
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Sony Corp. Braced For Billions In Losses

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Sony Corp. Braced For Billions In Losses

Sony Corp. Braced For Billions In Losses

Sony Corp. Braced For Billions In Losses

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  • <iframe src="https://www.npr.org/player/embed/136570778/136570762" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Japan's largest exporter of consumer electronics is expecting a loss of more than $3 billion for the fiscal year that ended in March. The company had earlier projected a return to profit. Sony blamed the loss on the impact of the earthquake and tsunami that struck Japan in March. Official earnings are expected later this week.

MARY LOUISE KELLY, Host:

NPR's business news starts with a multibillion-dollar reversal.

(SOUNDBITE OF MUSIC)

LOUISE KELLY: Sony, Japan's largest exporter of consumer electronics, is expecting a loss of more than $3 billion for the fiscal year that ended in March. The company had earlier projected a return to profit. Sony blamed the loss on the impact of the earthquake and tsunami that struck Japan in March. The company's been struggling to improve earnings ever since restarting plants that were disrupted by the disasters. Sony Corps' official earnings report is expected later this week.

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