Sony's Fiscal Report - $3.17 Billion Loss

Discussion in 'User Submitted News' started by KingdomBlade, May 28, 2011.

  1. KingdomBlade
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    KingdomBlade Blade v3+ (I R SHMEXY)

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    Sony's Fiscal Report - $3.17 Billion Loss on Revenue of $87.78 Billion
    PlayStation division sees $434 million profit

    [tnw=500]http://pix.gbatemp.net/175179/sony_logo_30520_screen.jpg[/tnw]​
    Today, Sony announced its earnings for the fiscal year ending March 31, 2011. The results were close to those that had been forecast Monday, with the company suffering a loss for the year of ¥259.6 billion ($3.17 billion) on revenue of ¥7.18 trillion ($87.78 billion). The previous fiscal year, the company lost ¥40.8 billion ($498.59 million) on revenue of ¥7.21 trillion ($88.11 billion).

    The PlayStation division swung from big losses to a solid profit last fiscal year.
    In its report, Sony said that the biggest factor in the shortfall was the result of a ¥360 billion ($4.4 billion) charge related to deferred tax assets in Japan. The Great East Japan Earthquake was also a factor, as was the fact that sales were down in every division of the corporation save two: the Consumer, Professional & Devices segment, which handles HDTVs and other electronics, and the Networked Products & Services division, which encapsulates Sony Computer Entertainment.

    In fact, results were so good at the Networked Products & Services division that Sony credited it with helping bring the company's overall operating income from ¥31.8 billion ($387.94 million) to ¥199.8 billion ($2.44 billion). As for the division itself, it reported ¥35.6 billion ($434.23 million) in operating income, way up from the ¥83.3 billion ($1.01 billion) operating loss it suffered during the previous fiscal year. Overall Networked Products & Services revenue was nearly flat at ¥1.57 trillion ($19.15 billion).

    Lowered production costs of the PlayStation 3 were cited as part of the reason for the uptick in Networked Products & Services' operating income. During the year, Sony sold 14.3 million PlayStation 3s, just short of its goal of 15 million, but up from 13 million the year prior. Only 8 million PSPs were sold, down from 9.9 million the year before. Some 6.4 million PlayStation 2s were sold, down from 7.3 million.

    Sony also said increased software sales helped its bottom line, and the year saw 147.9 million PS3 games sold, way up from 115.6 million the year before. PSP game sales also climbed from 44.4 million to 46.6 million. However, PS2 games sales nearly halved from 35.7 million to just 16.4 million.[/p]
    [​IMG] Source (Gamespot)

    If there's another thread about this, feel free to close.
     
  2. Nujui

    Nujui I need something to do.

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  3. KingdomBlade
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    KingdomBlade Blade v3+ (I R SHMEXY)

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    Well, that's just a short report on the losses purely. This a summary of the fiscal report, and it's more related to the gaming side.
     
  4. Nujui

    Nujui I need something to do.

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    Then I think this should stay up. It has more then the other new report does, though that is for the mods to decide.
     
  5. jerome27

    jerome27 Banned

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  6. leeday100196

    leeday100196 GBAtemp's Official Infernape™

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  7. KingdomBlade
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    KingdomBlade Blade v3+ (I R SHMEXY)

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    That's because there shitloads of (good) games MADE for them.
     
  8. NES SNES V.B. N64 G.C. Wii WiiU

    NES SNES V.B. N64 G.C. Wii WiiU Now with extra redundancy!

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    Are you serious, Playstation division sees $434 million profit after what happened?
     
  9. KingdomBlade
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    KingdomBlade Blade v3+ (I R SHMEXY)

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    Yes.

    This event happened around a month to two before the end of the fiscal year. That isn't even a sixth of the year. This only should have affected a month of the sales, which isn't much compared to the rest of the year. If the PSN crash happened in Christmas, sure it would be bad, but it happened in a couple of not-so-big months.

    Also, the PSN thing shouldn't affect PSP or PS2 sales. (people still buy PS2's lol)

    As for the financial loss, that's because of the earthquake, not the PSN crash. Remember, they are an electronics company first and foremost, and stationed in Japan. Every company there suffered some financial loss.
     
  10. Valwin

    Valwin The Neautral Gamer

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    well remember when they say their console would last 10 years XD

    it seem the presure is on
     
  11. NES SNES V.B. N64 G.C. Wii WiiU

    NES SNES V.B. N64 G.C. Wii WiiU Now with extra redundancy!

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    Well don't worry, it will. The PS2 is still selling steadily 11 years after it's release. Just last fiscal year it sold 6.4 million units! No wonder it's the top selling console of all time.
    Anyway, I doubt we'll see a released PS4 before 2013/14. That's still 7-8 years after original release! These generations just get longer and longer and...
     
  12. SamAsh07

    SamAsh07 GBAtemp Addict

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    Hm all I can say is - More to come Sony, buckle up and enjoy the ride [​IMG]
     
  13. KingdomBlade
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    KingdomBlade Blade v3+ (I R SHMEXY)

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    Nearly every company stationed in Japan had losses.

    Including Nintendo.

    Sony's loss was primarily because of the earthquake, NOT the PSN outage. That was only one month of the fiscal year, and not even a very big month.

    If you think about it, Sony's sales are pretty good actually. The PSP's weekly sales are already edging out Ninty's 3DS and DS. Blame the earthquake on their losses.
     
  14. antwill

    antwill Better Than You

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    How dare you come in here with your logic and your rational thinking and just ruin fanboy arguments like that!
     
  15. FAST6191

    FAST6191 Techromancer

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    http://www.sony.net/SonyInfo/IR/financial/fr/index.html has a nice 30 page PDF or three (just to clarify FY 2010 Q4 is for the whole financial year not just the Q4) to look at if you do not fancy Gamespot's analysis- it is actually pretty readable for those that suffer finance induced narcoleptic episodes. As usual though I am indifferent to state of Sony- if they collapsed tomorrow other than the amusement one might derive from watching something big fall over and the nice resulting study on the collapse of such a thing I would not bat an eyelid and vice versa if they did something good for them.

    As for next console "confirmed in development" I believe I said it before- if that did not start at the very latest around the time the PS3 release timeframes were announced then Sony deserve to be hammered in the finance world.

    Thanks for bring this to my attention KingdomBlade.
     
  16. KingdomBlade
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    KingdomBlade Blade v3+ (I R SHMEXY)

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    I lol'd.

    I get the feeling that Sony isn't going to drop out of the gaming industry any time soon.