Japan Fails to Plow Weak Yen Profits Back Into Capital Spending

Japan Fails to Plow Weak Yen Profits Back Into Capital Spending

Tomohiro Ohsumi/Bloomberg

Receptionists work at the Sony Corp. headquarters in Tokyo. Sony reported annual profit for the first time in five years after Chief Executive Officer Kazuo Hirai used job cuts, asset sales and blockbuster movies to stem losses.