Sony's Fiscal Report - $3.17 Billion Loss

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

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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]
Source (Gamespot)

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

 

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.

 

That's because there shitloads of (good) games MADE for them.

 

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.

 

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.

 

I lol'd.

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