Sony, Sharp Business Models `Rather Old,' Sakurai Says

Yuuki Sakurai, chief executive officer at Tokyo-based Fukoku Capital Management Inc., talks about the outlook for Japan's consumer-electronics industry.

Sharp Corp. dropped in Tokyo trading after forecasting a record $5.6 billion full-year loss. Sony Corp. (6758) rose the most in six weeks after maintaining its full-year profit forecast as losses on televisions narrowed. Panasonic said Oct. 31 it expected a 765 billion-yen full-year net loss, or 30 times bigger than analysts had estimated. Sakurai speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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