Sony Says It Expects ‘Huge Impact’ on Profit From Euro Slump
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Sony Corp., Japan’s largest exporter of consumer electronics, said it expects a “huge impact” on earnings from the weaker euro, underscoring the company’s vulnerability to the European debt crisis.
Sony doesn’t buy many components from Europe while its Asian suppliers settle in dollars, limiting its ability to hedge against the euro’s decline, Hiroshi Kurihara, corporate treasurer at Sony, said in an interview in Tokyo yesterday.