Skip to content
Subscriber Only

Sony Forecasts Annual Loss on Strong Yen, Waning Sales in U.S.

Sony Corp., Japan’s largest consumer-electronics exporter, forecast its fourth consecutive annual loss and slashed television sales targets after the yen reached a postwar high and floods in Thailand cut production.

The company predicted a 90 billion-yen ($1.2 billion) annual loss, compared with its earlier forecast for a 60 billion-yen full-year profit. Sony reported an unexpected loss of 27 billion yen for the quarter ended Sept. 30, and it cut annual sales targets for TVs, personal computers, compact cameras and Blu-ray DVD players.